You can open a Demat account at just about any bank or brokerage firm today. What’s more, you can do so easily online. However, although the prospect of what you think is the best Demat account excites you, you have to consider certain benefits that a specific Demat account holds for you. Even before this, you should have some idea of the fundamentals of Demat accounts.
If you know a bit about shares and stocks, you’d know that, previously, any stocks you owned were in the form of certificates. In other words, they were in physical form. The advent of dematerialisation brought about the process of holding stocks and shares in electronic form. So, a Demat account holds your securities, whatever they may be, in electronic form. This way of storing stocks has many advantages. For starters, stocks are held conveniently and securely without having concerns over loss of paper certificates. Secondly, Demat accounts are linked to trading and bank accounts, so the operations of transactions are made seamlessly.
Holding shares in a Demat account can bring you a plethora of advantages. When you choose a broker as experienced as Motilal to conduct your investments with, you will have to open Demat account with Motilal Oswal first. This can be linked to a trading account with the broker, as well as to your own bank account. Apart from the security of your assets being held digitally, the other key advantages you get with the best Demat account at Motilal Oswal are:
Dual Accounts - Your bank may offer you the facility of opening a Demat account, but may not have services of a linked trading account. At Motilal Oswal, you can open a Demat account and a trading account at once. Moreover, this can be done in a single process.
Lifetime Zero AMC - Typical charges that Demat accounts attract are AMC or Account Maintenance Charges. These are charged by banks and brokerages yearly. You will find that you cannot get away from these charges even with the best Demat account, and they range from Rs. 500 - 1,000 yearly. Now when you open a Demat account with Motilal Oswal, you don’t have to pay AMC for life.
Smooth Processes - When you open a Demat account with most banks and several brokers, there is a load of paperwork involved, engaging your time and effort. With Motilal Oswal, processes are seamless, without any paperwork. Your KYC details, account verification, and the signing of applications are undertaken via an online procedure with the use of Aadhaar authentication.
Proven Reputation - Among a leader in India’s full-service stock brokers online, Motilal Oswal has more than three decades worth of experience. Furthermore, it has achieved accolades for its outstanding services. You can rest easy with a Motilal Oswal Demat account, knowing that your securities are safe.
Always at the helm of the stock broking world, Motilal Oswal has more than a million Demat account holders to its name. This, in itself, should be enough to convince you to open a Demat account here.
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