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Frequently Asked Question related to Demat Accounts

FAQs on Demat Accounts

Demat account means a way to hold securities in an electronic format. Similar to a bank account where you can transfer and receive money without using paper money, in a demat account, you can electronically buy and sell shares on the stock market without utilizing physical share certificates.

A demat account also serves as a safe deposit for your investment securities and holds various certificates of your financial instruments such as mutual funds, shares, bonds, government securities, and exchange-traded funds (ETFs) in a dematerialized form.

Now that India has embraced Dematerialization, it is essential for an investor to have a demat account before they start trading in Indian markets.

With this in mind, let’s take a look at some of the frequently asked questions (FAQs) about a demat account that every investor must know.

What Is A Depository?

A Depository is similar to a bank where investment securities are stored in a dematerialized, i.e., electronic format. There are two depositories in India namely National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).

What Is A Depository Participant And How Can It Help Me With A Demat Account?

An investor can open a demat account with a depository participant (DP), which is an agent of the depository. According to the Securities and Exchange Board of India (SEBI) guidelines, banks, financial institutions, stockbrokers, custodians, etc., can become DP with a depository.

The services offered by the DP are listed below:

    • Demat account opening and maintenance.
    • Dematerialization of mutual funds and securities.
    • Rematerialisation of mutual funds and securities.
    • Transfer of mutual funds and securities.
    • Pledging, unpledging or invocation of securities.
    • Freezing or un-freezing an account.
    • Account modification.
    • Account closure.

How Can I Open A Demat Account?

There are certain steps involved in order to open a demat account.

  • Select a DP you wish to open your demat account with.
  • Make copies of required documents such as address proof, PAN card, income tax returns, bank statement of the last three months, passport size photographs, and a crossed cheque.
  • Fill up the account opening form and submit the copies of required documents as proof of address and proof of identity as per SEBI guidelines. Along with the form, you also need to present your original PAN card at the time of opening the demat account.
  • Following the form submission, the DP will open your demat account in their system, and generate a unique account number, also known as BOID (Beneficial Owner Identification number). You can use the BOID for all your future transactions with the broker.

What Are The Essential Features Of A Demat Account?

By holding your securities in a demat account, you can achieve the following:

    • A demat account can eliminate forgery as manipulating paper is easy but shares can’t be forged electronically.
    • By using a demat account, you will ensure that all your investment securities are collected safely in one place meaning no loss or misplacement issue.
    • With a demat account, your securities are permanent and recorded digitally, thereby omitting the chances of paper decay or ink erosion.
    • All the transactions made are hassle-free and less cumbersome since you don’t need to carry physical certificates every time you trade to the buyer of the seller.

How Many Demat Accounts Can I Have?

An investor can open more than one demat account. Moreover, one demat account can be utilized to track multiple trading accounts.

What Are The Brokerage Charges And The Annual Maintenance Fee Involved In A Demat Account?

Brokerage charge is the amount that you have to pay when you buy or sell shares. The charges could either be levied in the form of a percentage or a fixed amount. For instance, if the brokerage fee is 0.5%, then you will have to pay 50 paise every time you purchase shares worth INR 100. The charges are different for trading in financial markets and mutual funds.

The annual maintenance fee can vary between INR 500 and INR 2,000, depending upon the agents and the services they provide.

Additional charges such as demand charges (the fee to dematerialize stocks in paper or certificate format), advisory fee, and ad-hoc account statement fee can also be levied.

Can A Person Operate My Demat Account On My Behalf?

You can authorize any person to operate your demat account by executing a power of attorney (POA). However, it is necessary to submit a notarized copy of the POA to your DP.

Since the inception of demat account, trading has become an easy avenue for investors to earn profits. Moreover, you can make transactions at the click of a button, at your own convenience!

Thus, opening a demat account is worth it and would be valuable in numerous ways for your trading and investment pursuits.

 

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Hello Readers, Welcome to BlogDada :) I am Pavitra Kumar, A Internet Marketer by Profession and A Blogger by Passion. Young active Blogger from India, Write about Blogging SEO Tips, Review of products and many more. This blog for anyone who runs their own blog or wants to Become A Blogger. Know More About Me.

1 Comment

1 Comment

  1. keshaw soni

    December 11, 2018 at 4:07 pm

    great information

    thanks sir

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Reviews

What Can iSkysoft Data Recovery Software Do to Solve Computer, PC, or Mobile Phone Crash

iSkysoft Data Recovery Software

It seems that the reinstall Windows system is the only solution to repair a computer or PC crash. This solution is along with the risk of losing data in the computer or PC. Nowadays, you don’t have to reinstall the Windows system to repair computer or PC crash because a specific data recovery software such as iSkysoft data recovery software is offering Windows Preinstallation Environment or Windows PE. Learn the detail about the iSkysoft data recovery software and the Windows PE system.

Repair Computer or PC System Crash

One of the functions of iSkysoft data recovery software is to repair computer or PC crash problem. You just need to use a specific software namely iSkysoft data recovery ultimate. The software is supported by a WinPE bootable media which helps to access the computer or PC after suffering from the crash problem. It is not only fixing the system crash problem, but the iSkysoft data recovery software is also able to recover the files or data so you can use it without any problem even after crashing.

The Way to Recover System Crash with iSkysoft Data Recovery

How does iSkysoft data recovery work to recover valuable data after computer or PC crash problem? To answer this question, you need to learn about how to run the software for recovering lost or deleted data after a computer crash. The steps are explained below.

Download, Install and Launch the Software

You need to have the data recovery software first to use it. So, you must download, install, and launch the software on your computer or PC. To get the software, visit the official website and follow the instruction.

Choose System Crash Recovery Option

Interestingly, the data recovery software can be used for a variety of data lost or deleted recovery. Those are including recovering data from virus attack, system upgrade, lost partition, and many more including system crash recovery. Because the data is deleted or lost caused by system crash it means you have to choose the system crash recovery option.    

Also Read: Easy Steps to Recover the Deleted Photos in the Smartphones

Select the Place of the Lost or Deleted Data

Just remember the place of the lost or deleted data and then select it. This is because you have to choose a disk to scan and it has to be the place of the lost data. It is an important step before continuing the scanning process. When it is ready, you can click the start button and let the software continues the process.

Let the Software Scanning the System

This is the time where the software is scanning the disk you have chosen previously. It takes a few times but the process will be faster. The scanning speed depends on the technology, system, and features installed on the software. iSkysoft data recovery software is developed with the latest technology, system, and features so it is able to scan your computer or disk fast and accurate.

Wait for the Result and Preview It

Just wait until the scanning process is finished. Then, you will see the list of the lost or deleted data on the screen. The good part is that you can preview all of the data first before recovering them. Previewing is important to make sure whether you really want to recover the data or not although you are able to recover all of the lost data.

Recover the Lost Data

The last thing to do is recovering the lost data which you have selected before. The recovering process is also fast so you can get the data back right away. You can check it on the computer and make sure that the data work properly just like normal data.  

Repair and Recover Mobile Phone System

Another great offer from iSkysoft data recovery provider is the ability to improve the performance of your Android and iPhone. In this case, you have to use iSkysoft toolbox application. It shows that iSkysoft data recovery software is able to recover data from the computer and any storage device including Android and iPhone. Just like the software, the application also has some functions including repair and recover lost data from the mobile phones.

The Way to Use iSkysoft Toolbox

Just download and launch the application and then connect your mobile phone to the computer. Next, you have to select the file types and the recovery process you want to do whether you want to recover the lost data from a mobile phone, SD card, or a broken phone. Let the iSkysoft toolbox application scanning the phone and wait for the result. When the scanning is done, preview the result to get the data you want to recover. Now, you can recover the lost data from the Android or iPhone to the computer and use it just like before. The point is that iSkysoft toolbox shows that iSkysoft data recovery software works well to recover data from the computer and any storage device.       

Summary: iSkysoft data recovery software can be used to repair and recover from a system crash. This article shows to you how the software works to solve the problem.

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Lifestyle

4 Top Websites for Buying More SoundCloud Followers

Buying SoundCloud Followers

Extra followers on your SoundCloud channel always feel great. It feels like there are many people that appreciate your music. So, how can we get those extra followers? You can use natural methods to build followers number naturally. But, that would be too long. The simple solution is you just need to buy followers. Below, we have several websites that offer good service for buying SoundCloud followers.

1. SocialGrand.com

This is one of the best places to buy SoundCloud followers. They have several packages you can choose. Each of them has different numbers of followers you can get. You can get at least 1000 followers with the cheaper package. And, up to 10,000 followers for the most expensive package. You can find more about these packages from this link, socialgrand.com/buy-soundcloud-followers.

The good thing about this place is you can get the followers you bought faster. It’s just a few hours after you buy them, you will get them. Unlike other places that need 24 hours or even longer, this is one of the fastest services you can find.

2. FollowerPackages.com

This is one of the best places for buying SoundCloud followers at the most affordable price. Moreover, they also provide complete service that will help you a lot. For example, they can build the followers number naturally. It’s not fast, but at least your follower’s growth is normal.

Once you purchase their service, they will start the campaign. You can see the result between 1 to 2 days. One of the most interesting services is the custom packages. Unlike other websites that provide fixed numbers of followers, with this custom package you can set the number of followers that you want to get. Of course, the price will be different than the standard package.

Also Read: Easy Ways to Make Money on Instagram as a Blogger

The best about this website is their customer support. You just need to call them, and they will help you with anything. If you buy followers for the first time, they even provide the tutorial on how to use their service. It will help you a lot.

3. MediaMaster.com

Here, you can find a package that offers most of the followers than other websites. You can easily get up to 100k followers using this service. The best of all, they are all real followers. They are coming from the MediaMaster.com private network. Therefore, you don’t need to worry or doubt their authenticity.

The price is quite affordable. Moreover, you also can get the followers faster. You can buy the followers using anonymous status. So, for privacy protection and such, this website is one of the best. The best of all is their 30-days money back guarantee. If you think you don’t get the followers that you bought or the followers’ number dropped down, you can always get your money back.

4. BuyRealMarketing.com

If you have a limited budget or you want to get the variety of payment plan, this is the place you can visit. They offer their service at an affordable price. Moreover, they also have several budget options you can choose, from a single payment to the several months’ payment period. The good thing is you can get a discount when you use the monthly payment.

Buy Real Marketing itself has more than 100k followers on their SoundCloud channel. They use their followers to help your campaign. So, you don’t need to worry about fake followers here. You get real followers and the best of all, they grow naturally. This no-instant-method will help you to create a buzz. And, in the end, your content will become viral content.

When you try to build followers number naturally, usually you must follow back many accounts. At Buy Real Marketing, you don’t need to do that. So, you just need to buy from this website. Then, you can focus on your music. Create a good content and let the followers come to your channel naturally.

Conclusion

Those 4 are an only small part of the service that can help you to get more SoundCloud followers. There are actually more websites that have similar service on the internet. You can use them in comparison with the service we explained above. It helps you choose the place for buying SoundCloud followers easily, without wasting your time, energy, and money.

 

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Blogs

Food Delivery Apps– Take Best Coupons, Voucher Code from IndiaShoppers.in

Food Delivery Apps

For shopping lovers who wish to have everything on click for each need, these top delivery working very well for them as the user can browse, order, pay and get the food delivered at particular spot informed. Food delivery app today has given choice to select all nearby restaurants for all cuisine available whether you link Punjabi, Thai, North Indian or Fast food, they can offer you everything from favorite restaurants of your choice in affordable rates. IndiaShoppers gives you the opportunity to save extra bucks while you are ordering for food on mobile delivery apps like Swiggy, Faasos, Uber eats, Foodpanda, Dominos, Pizza Hut and a lot more to choose. While using IndiaShoppers will be beneficial as you will save time, by not visiting so many sites for food ordering where you have visit only one site IndiaShoppers where all the app stores are available to compare, make free registration at IndiaShoppers which will give awesome updates on all amazing deals and discount coupons available for these food delivery apps. Let’s check what delivery apps are where you can find your best food in your city from favorite restaurants:

Table of Contents:-

Swiggy

Ordering for food online through Swiggy really a great choice, as Swiggy have entirely great website as well as mobile which can offer you food from all international cuisines from top restaurants which is available near you, where you can choose top food chains like Burger Point, Subway, Dilli6 express, Behrouz Biryani, Pizza Hut or Dominos etc. Choose any payment mode to select best and quick delivery to you but don’t forget to take your Swiggy Coupons Code for IndiaShoppers have to awesome pricing for your Pizza or fast food is chosen. You will find any reason to IndiaShoppers as you can find everything at one stop only related to food ordering, as it will many other restaurants in your city with great offers.

Faasos

Getting rid of food deliveries, no response of delivery boy just give chance to Faasos which will amaze you with on-demand food ordering segment, with about 60 items on the menu. Where user can find almost top specialized Paneer Wraps, Chicken Wraps, Mushroom Wraps, Egg Wraps with amazing Faasos Coupons even available for Party Orders through IndiaShoppers.in. You can visit Faasos Coupons and offer section where all products are available with Kulcha, Chicken Kheema Bowl, Rice Tub, Mutton Bhuna Bowl and lot more exciting deals available for Faasos with IndiaShoppers.in

UberEats

Endless menu items from top big restaurants of India working nearby you like Chai Point, Food Expresso, Burger King, Biryani Blues, Behrouz Biryani, Stanley ka Dibba, The Lunch Box, Southern Junction, Crrysum, Giani, Wat a Burger etc. Uber eats offers you healthy food with amazing pricing and quick delivery. Started in few cities but counting increasing with great speed where you can get 100% amazing taste of restaurants of your choice. Just avail best Uber eats Coupon from India shoppers to have the right prices when you will order next time. Not only based upon the product you choose, there are lot more options to order online with amazing new users coupon codes or may be existing users will also be rewarded with amazing exclusive offer codes.

In the nutshell, in today increasing demand of food ordering online in each city for Students, Professionals or any family parties everywhere recommendable to choose IndiaShoppers only when you are going to place next order for food ordering, as it will reward you with extra cashback on top of every discount which brand is offering you. Really amazing deals to have IndiaShoppers with you for each need not only food it can also be used for e-commerce, travel, recharges, cab booking, utility bill payments, movie ticket booking and more way to save with being a loyal user of IndiaShoppers.in

Also Read: A Complete Guide on How to Start and Monetize Your Food Blog

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