Free Demat Account Opening From Motilal Oswal


Aniket819

Uploaded on Feb 24, 2022

Create a free Demat account online with no AMC for the rest of your life. Motilal Oswal's Demat account offers quality trading services and personalized investment strategies. Begin investing right now!

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Free Demat Account Opening From Motilal Oswal

WHAT IS DEMAT ACCOUNT? • Dematerialized accounts are also known as Demat accounts. • Holding a Demat Account, in other terms, is the process of converting or dematerializing your physical shares into an electronic format. • A demat account is used to keep electronic copies of publicly traded company shares and securities. • You can hold a wide range of investments in a Demat account, including bonds, equity shares, government securities, mutual funds, and exchange traded funds. • A Demat account, like a bank account, gets credited or debited each time you purchase or sell stock in a company. HOW DOES DEMAT ACCOUNT WORKS? • Only a trading account can be used to purchase equities on the stock exchange. Meanwhile, the shares purchased through the trading account are held in a Demat account. • When you place an order on your trading platform, such as a 'buy' order, your depository participant sends a 'purchase' request to the stock exchange. • Your 'buy' request is then matched with a similar'sell' request by the stock exchange, which then sends an order to the clearance houses. • At the closure of the share market, the clearing houses settle the trade by debiting the exact number of shares from the seller's Demat account and crediting it to your account. HOW DO YOU OPEN A DEMAT ACCOUNT? The process of opening a Free Demat account is quite simple. Here's how to do it step by step. • Fill out the Demat account application. Submit the form together with the relevant papers. • Your depository participant may request an in-person verification, in which case a representative from your DP will contact you to confirm the information you've provided in the paperwork. • The DP activates your Demat account once the verification process is completed. THANK YOU..!!!