What is Demat Account

The days of holding a real share certificate after purchasing firm shares are long gone. This is why a demat account is your best option for holding shares and assets quickly, safely, and without having to worry about paperwork. Tune in to find out what various benefits can a demat account bring to investors.

Documents Required to Open Demat Account

To open your Demat account online, you need to have some essential documents. A document such as a PAN Card or an Aadhaar Card plays a vital role in opening a Demat account online. Demat account opening is a hassle-free process on Kotak Securities. The list of documents for opening a Demat account is as follows:
PAN Card
Aadhaar Card
Passport/Voter ID/Driving License - Any one of these can serve as identity proof.
Proof of address: Documents such as an electricity bill, a bank statement, or a ration card, etc.
Bank account details
Income proof

Benefits of Demat Account

Online Demat accounts have created a safe & sound environment for trading online. You can simply explore different advantages of Demat Account Your holdings are stored electronically, eliminating paperwork & physical storage problems. Get convenient and secure trading solutions than physical share certificates. It simply enables you to do seamless buying and selling of securities on stock exchanges, which is not possible with physical share trading. Easy to track holdings & monitor them online through the Demat account. It also provides up-to-date valuations of your investments. You also get an electronic settlement of trades that removes delays. Holdings are automatically credited or debited on transactions. For long-term investments, Demat accounts provide better tax optimization as the holding period can be easily tracked.

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