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<h1>Secured Methodology to hold the Shares (Demat Account)</h1> by navia2000 &nbsp;
Demat Account &amp; Broker
A Dematerialized account is essential to buy or sell stocks. Opening a Demat Account is similar to that of a bank account. It is just like a bank account where actual money is replaced by shares. You don't have to possess any physical certificates showing you own shares. They are all held electronically in your account. A broker is separate from a DP. A broker is an associate of the stock exchange, who buys and sells shares on behalf of his clients.
The Depository Participant will provide the periodic statements of holdings and transactions like a bank account. This account is most important for trading and investing purposes. These days, practically all trades have to be settled in dematerialized form.&nbsp;Although the market controller, the Securities and Exchange Board of India&nbsp;(SEBI), has allowed trades&nbsp;of up to 500 shares to be settled in physical form, none focuses on physical shares. So a demat account is a must for trading and investing. Persons opening a Demat Account should have a PAN (Permanent Account Number)
Which Demat Account?
A Demat Account can be opened with any of the registered Depository Participants. You do not need to take the same DP that your broker takes. You can choose your&nbsp;own. One can choose their Depository Participant by visiting NSDL and CSDL. But many brokers offer extraordinary incentives in the form of lower charges for opening demat accounts with their DPs. After getting registered in the demat account an ID and password will be provided. You can&nbsp;put forward whoever you like by filling up the nomination details in the account opening form. This is to enable the nominee to receive the securities after the death of&nbsp;the holder of the demat account.
&nbsp;
Documents that should be verified
Once you have chosen your DP, you will be guided through the official procedure of opening an account. The DP will ask for some documents as proof of your identity and address. For instance, some may accept a driver's license, others may not.
Necessary Documents to open an Account
&nbsp;PAN card &nbsp;Voter's ID &nbsp;Passport &nbsp;Ration card &nbsp;Driver's license &nbsp;Photo credit card &nbsp;Employee ID card &nbsp;Bank attestation &nbsp;IT returns Electricity/ Landline phone bill
While they only ask for photocopies of the documents, they will need the originals for verification. You will have to submit a passport size photograph on which you sign across.
&nbsp;
Principle of Demat Account:
Advantages of a Demat account:
<ul type="disc">
<li>Reduces the brokerage charges, </li>
<li>Makes pledging of shares simple, </li>
<li>Offers easy acceptance of public allotments&nbsp; </li>
<li>A safer method to invest all the shares. </li>
<li>Navia's User friendly Trading System will ensure that the client has a satisfying trading experience. </li>
</ul>
Unlike opening an account with a bank where you&nbsp;need a minimum balance, a demat account can be opened with no balance of shares. There is no minimum balance to be maintained either. You can have a nil balance in your account. The charges for account opening, annual account maintenance fees and transaction charges vary between DPs. To get a comparative idea, analyze national security depository ltd and central depository service ltd.
BOIN
When you open an account, the DP will allot a unique Beneficial Owner Identification Number, which is necessary for your future transactions.
Selling Shares
If you want to sell your shares, you need to place an order with your broker and give a 'Delivery Instruction' to your DP. The DP will debit your account with the number of shares sold. You will receive the payment from your broker.
Buying Shares
If you want to buy shares, inform your broker about your Depository Account Number, so that the shares bought are attributed into your account.
Navia's Online Trading System allows its clients to place After Market Orders (AMOs). The client need not necessarily place orders only when the markets are unlock, orders can be placed even when the markets are not open through the AMO utility.
 <h2>About the Author</h2>Rajesh Assistant Vice President Navia Markets Financial Services Pvt Ltd Chennai-34 <a href="http://www.naviamarkets.com/" title="www.naviamarkets.com/">http://www.naviamarkets.com/</a>
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<body><h1>Secured Methodology to hold the Shares (Demat Account)</h1> by navia2000 &nbsp;
Demat Account &amp; Broker
A Dematerialized account is essential to buy or sell stocks. Opening a Demat Account is similar to that of a bank account. It is just like a bank account where actual money is replaced by shares. You don't have to possess any physical certificates showing you own shares. They are all held electronically in your account. A broker is separate from a DP. A broker is an associate of the stock exchange, who buys and sells shares on behalf of his clients.
The Depository Participant will provide the periodic statements of holdings and transactions like a bank account. This account is most important for trading and investing purposes. These days, practically all trades have to be settled in dematerialized form.&nbsp;Although the market controller, the Securities and Exchange Board of India&nbsp;(SEBI), has allowed trades&nbsp;of up to 500 shares to be settled in physical form, none focuses on physical shares. So a demat account is a must for trading and investing. Persons opening a Demat Account should have a PAN (Permanent Account Number)
Which Demat Account?
A Demat Account can be opened with any of the registered Depository Participants. You do not need to take the same DP that your broker takes. You can choose your&nbsp;own. One can choose their Depository Participant by visiting NSDL and CSDL. But many brokers offer extraordinary incentives in the form of lower charges for opening demat accounts with their DPs. After getting registered in the demat account an ID and password will be provided. You can&nbsp;put forward whoever you like by filling up the nomination details in the account opening form. This is to enable the nominee to receive the securities after the death of&nbsp;the holder of the demat account.
&nbsp;
Documents that should be verified
Once you have chosen your DP, you will be guided through the official procedure of opening an account. The DP will ask for some documents as proof of your identity and address. For instance, some may accept a driver's license, others may not.
Necessary Documents to open an Account
&nbsp;PAN card &nbsp;Voter's ID &nbsp;Passport &nbsp;Ration card &nbsp;Driver's license &nbsp;Photo credit card &nbsp;Employee ID card &nbsp;Bank attestation &nbsp;IT returns Electricity/ Landline phone bill
While they only ask for photocopies of the documents, they will need the originals for verification. You will have to submit a passport size photograph on which you sign across.
&nbsp;
Principle of Demat Account:
Advantages of a Demat account:
<ul type="disc">
<li>Reduces the brokerage charges, </li>
<li>Makes pledging of shares simple, </li>
<li>Offers easy acceptance of public allotments&nbsp; </li>
<li>A safer method to invest all the shares. </li>
<li>Navia's User friendly Trading System will ensure that the client has a satisfying trading experience. </li>
</ul>
Unlike opening an account with a bank where you&nbsp;need a minimum balance, a demat account can be opened with no balance of shares. There is no minimum balance to be maintained either. You can have a nil balance in your account. The charges for account opening, annual account maintenance fees and transaction charges vary between DPs. To get a comparative idea, analyze national security depository ltd and central depository service ltd.
BOIN
When you open an account, the DP will allot a unique Beneficial Owner Identification Number, which is necessary for your future transactions.
Selling Shares
If you want to sell your shares, you need to place an order with your broker and give a 'Delivery Instruction' to your DP. The DP will debit your account with the number of shares sold. You will receive the payment from your broker.
Buying Shares
If you want to buy shares, inform your broker about your Depository Account Number, so that the shares bought are attributed into your account.
Navia's Online Trading System allows its clients to place After Market Orders (AMOs). The client need not necessarily place orders only when the markets are unlock, orders can be placed even when the markets are not open through the AMO utility.
 <h2>About the Author</h2>Rajesh Assistant Vice President Navia Markets Financial Services Pvt Ltd Chennai-34 <a href="http://www.naviamarkets.com/" title="www.naviamarkets.com/">http://www.naviamarkets.com/</a>
 <h3><a href="http://www.content4reprint.com/finance/mutual-funds/secured-methodology-to-hold-the-shares-demat-account.htm" title="Secured Methodology to hold the Shares (Demat Account)">Article Source:</a> <a href="http://www.content4reprint.com" title="Free high quality articles">Content for Reprint</a></h3></body></html>