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3 Benefits of opening a demat account

Opening a Demat account is quite simple at any bank or broker these days. The digital age has made it as easy as a few clicks with efficient online processes in place. However, there are significant differences between a good Demat account and one that really has advantages for you in terms of your investment life. Although you may believe that every Demat account is identical, that’s not true. Some offer you experiences that make your transactions convenient and have user-friendly aspects. Nonetheless, before we dwell on the benefits of a super Demat account at Motilal Oswal or MO, you should be aware of the basics of Demat accounts.

About a Demat Account

Individuals have been investing in the stock markets for ages. Investing and trading isn’t new to India. Previously, investors held share and stock certificates made of paper, determining the shares they held of a company. In the momentous year of 1996, all this changed and dematerialisation was born. After this, paper certificates of shares, prone to more tear than wear, and loss, gave way to the electronic holding (dematerialisation) of shares and stocks. Now all securities are held this way. This method to store securities has clear advantages. To begin with, securities are conveniently maintained without safety concerns over theft/loss of certificates made of paper. Secondly, and most importantly, Demat accounts can be connected to trading accounts and bank accounts. Therefore, transaction operations and functions are smooth and seamless.

3 Advantages of Opening a Demat Account with MO

The holding of stocks and shares in a Demat account is a source of great advantage to any serious investor. If you opt for a prominent broker, one like Motilal Oswal, you could be on the right track to gaining from your investments when you open a Demat account online. A Demat account at MO can be linked to a trading account. This, in turn, may be connected to your own bank account for the smooth flow of transactions when you wish to purchase or sell securities. Apart your assets being held safely in a digital format, other pivotal advantages you get with a Demat account at MO are:

1. Multiple Accounts - When you open a Demat account, a bank may provide you with a facility to solely have a Demat account. However, this account may not may not be enabled with the functions of a related 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.

2. Zero AMC for a Lifetime - Demat accounts attract typical charges such as AMC/Account Maintenance Charges. Charged by banks and brokerages on a yearly basis, these vary from institution to institution. You cannot avoid these fees and charges even if you think you have the ‘best’ Demat account. Charges range from Rs. 500 - 1,000 annually. With MO, the AMC for life is eliminated so your Demat account is actually for free.

3. Processes that Perform - When you open a Demat account with a broker or a bank, you will discover that there’s a huge amount of paperwork to engage in. This eats into your time and exerts effort. In the case of Motilal Oswal, processes are smooth and paperwork is practically non-existent. With relaxed and seamless procedures, your KYC information, account verification, and application are done through online processes and steps with organised Aadhaar authentication.

The Power of Reputation

A proven leader among the many of India’s full-service stock brokers online, MO will give you more than you expect to get. Three decades worth of experience are a testament to this broker’s success rate. Additionally, MO has achieved accolades for outstanding service standards. Be guaranteed of your own success when you open a Demat account that is a Motilal Oswal Demat account.