The term Demat refers to a dematerialised account for individual Indian citizen to trade in listed stocks or debentures, required for investors by SEBI. In a demat account, investor holds shares and securities electronically instead of its physical possession. A Demat Account is opened by the investor while registering with a registered SEBI broker to enable electronic settlements of trades
A Demat account is electronic book keeping and reduces brokerage charges (which are usually around 2.5%), makes pledging / hypothecation of shares easier, enables quick ownership of securities on settlement resulting in increased liquidity, avoids confusion in the ownership title of securities, and provides easy receipt of public issue allotments or IPOs.
Krazzy Diamond Network OPC Pvt. Ltd. is a registered member / depository participant of Central Depository Services Ltd. (CDSL) and provides the customers with most secure, convenient and hassle-free demat accounts at the most economical rates.
No risk of signature mismatch
No risk of forgery
No risk of share mutilation
No risk of loss of shares either through theft or in transit
No stamp duty for transfer of shares
Reduces paper work and time
Fast settlement cycles
You can purchase, hold and sell shares in electronic form
Increase in liquidity of your securities because of faster transfer and registration of securities in your account
Instant disbursement of non-cash benefits such as bonus, right-issues, etc.
Regular account status updates
Economical and competitive DEMAT charges.