Sep 22, 2010

A brief overview about DMAT/ depository services

Many folks who have the experience of investing in stocks are familiar with the DMAT accounts. But still there is large part of Indian population which is depended on dematerialized investments are unknown to the DMAT or depository accounts.
There are many people who want to open a DMAT account or a depository account but due to lack of information they become confused or they don’t find any way to get it done within right time. Hence here we are going to get some of the facts which are very helpful while opening the Depository or DMAT account.

When the DMAT account comes in our mind many of us start thinking about what exactly DMAT account is? The DMAT account is nothing but the Dematerialized account; it is same as like a bank account in which you can keep your bonds, stocks, shares and other financial assets.

Another question which makes us to think is what are depositories? n agency which keeps all types of securities and makes them easily available in electronic form is known as depository. There are two major agencies which provide the depository services in India, these agencies are NSDL i.e. National Securities Depository Limited and CDSL i.e. Central Depositaries Services Limited. These two agencies have many banks and several other financial institutions which keep all the vital steps to carry out the depository service smooth going. In other words the banks and the other several financial institutions act as the participant in the depository services in India.

Open a DEMAT account, it’s much simpler than you think! The world is changing every second in terms of economy and technology hence to open a DEMAT account; one does not need to think so much and face any hurdle.

In fact opening a DMAT account is pretty simpler, you can open a DMAT account in any scheduled bank or government undertaken bank. You can open the DMAT accounts with the assistance of stock brokers or any other financial institution.

The application form for opening a DEMAT account is much simpler; you have to just fill the form along with the photocopy of the PAN card issued by income tax department and residential proofs. And along with that you will need to submit two photographs and a cheque which is cancelled from your bank accounts. This process is done to link your DMAT account with the bank account.For submitting the identity proof you can represent any one of your documents such as passport, voting card, driving license etc. For submitting the address proof you can submit any one of the following documents such as your ration card, latest bank statements, latest telephone bills etc.

Hence opening a DMAT account is much simpler than it was previously the process of opening the DMAT account can become much simpler if you get the assistance of your stock broker. Opening a DMAT account is the intelligent way for investing in stocks or any other sectors, there are abundant advantages of DMAT account.

17 comments:

Anonymous said...

[b]forex course free and FREE forex books[/b]
Pasar Forex terbuka kemungkinan-kemungkinan tak terbatas, memungkinkan untuk meningkatkan modal terbatas, untuk mendapatkan kemerdekaan, kebebasan. Kami [url=http://smartfxsol.com]free forex signal[/url]-salah satu cara untuk tujuan ini. lebih jauh tentang smartfxsol.com

[url=http://smartfxsol.com]forex online training free [/url]and [url=http://smartfxsol.com]FREE ive forex charts[/url]

Anonymous said...

You’d believe together with the multi gazillion cash of investment that wikipedia could acquire some much more servers.

Anonymous said...

This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work.

Anonymous said...

О! حلوة موقع ويب ، لم أكن قد تأتي عبر بلوق الخاص بك من قبل في عمليات البحث بلدي! حمل على عمل رائع!

Anonymous said...

Simple and sweet. I’m thinking of starting another blog or five pretty soon, and I’ll definitely consider this theme. Keep ‘em coming!.

Swastika investment said...

Useful information shared. I am very happy to read this article. Thanks for giving us nice info. Fantastic walk through. I appreciate this post. Best broker in India

Anonymous said...

Hi there! I simply want to give you a big thumbs up for your excellent information you've got right here on this post. I'll be coming
back to your site for more soon.

Here is my blog post; Nova

Anonymous said...

Hi there, this weekend is nice for me, because this occasion i am reading this enormous educational article here at my residence.


Here is my webpage - click this

Anonymous said...

An impressive share! I have just forwarded this onto a coworker who has been conducting a little research on this.
And he in fact bought me lunch simply because I discovered it for him.
.. lol. So allow me to reword this.... Thanks for the meal!

! But yeah, thanx for spending time to talk about this issue here
on your internet site.

My web site ... breaking news

Anonymous said...

Trustline offers depository services
to its investor clients in India.

PENNY STOCK INVESTMENTS said...

Nice service

Depository Services in India said...

Nice Service & Nice Blog Written with good information - I have some good things about Depository Services in India - Depository services are service offered with the assurance of complete transparency in dealings and well trustworthy. Our company is member of NSDL since 15 years and offers to investors at lowest possible rates.

Arti Singh said...

That was very rational and informative in which there is beneficial information about DMAT/ depository services. This gadget could be quite expensive but very useful as user point of view.

Depository services UP

oakleyses said...

oakley sunglasses, nike free, ugg boots, christian louboutin uk, ray ban sunglasses, christian louboutin outlet, kate spade outlet, nike outlet, oakley sunglasses, tiffany and co, longchamp outlet, uggs on sale, nike air max, louis vuitton outlet, oakley sunglasses, jordan shoes, oakley sunglasses wholesale, gucci handbags, louis vuitton outlet, replica watches, replica watches, cheap oakley sunglasses, louis vuitton, polo outlet, ugg boots, longchamp outlet, longchamp outlet, ray ban sunglasses, michael kors pas cher, louis vuitton outlet, sac longchamp pas cher, air max, tory burch outlet, louis vuitton, longchamp pas cher, prada outlet, polo ralph lauren outlet online, nike free run, christian louboutin shoes, tiffany jewelry, louboutin pas cher, jordan pas cher, chanel handbags, christian louboutin, nike roshe, polo ralph lauren, burberry pas cher, prada handbags, nike air max

oakleyses said...

replica handbags, michael kors outlet online, coach purses, michael kors, nike tn, true religion jeans, new balance, mulberry uk, ray ban pas cher, michael kors outlet online, ralph lauren uk, lululemon canada, hollister pas cher, hogan outlet, nike roshe run uk, nike air force, nike blazer pas cher, kate spade, sac hermes, hollister uk, true religion outlet, nike air max, burberry outlet, nike air max uk, uggs outlet, michael kors outlet, abercrombie and fitch uk, true religion outlet, nike air max uk, north face uk, true religion outlet, polo lacoste, coach outlet, vans pas cher, uggs outlet, michael kors outlet online, sac vanessa bruno, michael kors outlet online, north face, nike free uk, burberry handbags, oakley pas cher, michael kors outlet, michael kors outlet, timberland pas cher, michael kors, converse pas cher, coach outlet store online, ray ban uk

oakleyses said...

chi flat iron, ferragamo shoes, jimmy choo outlet, longchamp uk, beats by dre, p90x workout, ralph lauren, new balance shoes, ray ban, wedding dresses, mac cosmetics, nike air max, north face outlet, instyler, hollister clothing, asics running shoes, hollister, gucci, herve leger, nike huaraches, nike air max, celine handbags, converse, hollister, soccer shoes, insanity workout, iphone cases, converse outlet, reebok outlet, valentino shoes, nfl jerseys, north face outlet, baseball bats, mont blanc pens, hermes belt, bottega veneta, babyliss, louboutin, ghd hair, timberland boots, nike roshe run, vans, lancel, abercrombie and fitch, lululemon, soccer jerseys, mcm handbags, oakley, vans outlet, nike trainers uk

oakleyses said...

thomas sabo, moncler uk, pandora jewelry, pandora jewelry, ugg,uggs,uggs canada, ugg uk, juicy couture outlet, canada goose jackets, canada goose, doudoune moncler, canada goose outlet, links of london, louis vuitton, moncler outlet, juicy couture outlet, moncler, louis vuitton, pandora uk, swarovski crystal, louis vuitton, marc jacobs, ugg pas cher, moncler, replica watches, moncler, toms shoes, montre pas cher, wedding dresses, hollister, louis vuitton, canada goose, canada goose outlet, supra shoes, coach outlet, louis vuitton, pandora charms, canada goose uk, canada goose, canada goose outlet, moncler, swarovski, karen millen uk, ugg, ugg,ugg australia,ugg italia, moncler outlet