Whether you’re looking to invest in shares, bonds, or debentures, possessing a demat account is an essential prerequisite. And, it is equally crucial that you open one with a reputed online stock broker like Motilal Oswal.
As a matter of fact, with Motilal Oswal, in addition to being able to invest in financial securities and products, there are plenty of other benefits of a demat account that you also get to enjoy. Here’s a quick overview of the various benefits.
1. Ability to open a 2-in-1 account
With Motilal Oswal, you get the option to open a 2-in-1 account. What this essentially means is that you also get the choice to open a trading account in addition to a demat account. Here’s what’s even more exciting. Both the demat and trading accounts can be opened through a single account opening process, which helps you save time.
2. Zero AMC for lifetime
Generally, when you open a demat account with a share trading company, you will be required to pay a specific fee for maintaining your demat account. This fee is commonly known as Account Maintenance Charges (AMC) and can range anywhere from Rs. 500 to Rs. 1,000 per year.
However, if you open a demat account with Motilal Oswal, these charges will be waived off and you get to enjoy zero AMC for your entire lifetime. This basically makes your demat account completely free!
3. 100% paperless account opening process
Physically visiting branch offices and manually filling up applications for opening a demat account is a thing of the past. The account opening process at Motilal Oswal is completely online and 100% paperless.
Account validation, KYC norms, and application signing are all done through the use of the internet and Aadhaar verification. With Motilal Oswal, you can not only open your very own account within just a few minutes, but can do so from the comfort of your own home.
4. Great track record
Being one of India’s full service online stock brokers with more than 30 years of experience, Motilal Oswal has won several awards and accolades for its stock broking services. And so, by opening a demat account with Motilal Oswal, you can rest assured of experiencing exceptional service and customer support. Our customer base of more than 1 million demat account holders is in itself a testament to the high standards of service that we provide.
Conclusion
That’s not all. By choosing Motilal Oswal as your demat account service provider, you also get access to different trading facilities across multiple platforms, customized investment plans and advisory, and an extensive range of financial asset classes to invest in. So then, what are you waiting for? Head on over to our website and initiate the Motilal Oswal free demat account opening process now!
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