Angel Broking Demat Account
Angel Broking is one of the largest stock broking firms in India established back in the year 1987. The company is a member of Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Multi Commodity Exchange of India Limited (MCX), and National Commodity and Derivatives Exchange Limited (NCDEX). It is also a depository participant with CDSL (Central Depository Services Limited).
Angel broking offers technology-led financial services including broking & advisory, margin funding, and loan against shares along with financial distribution to its strong client base. The company provides its services through both online and offline platforms with a network of more than 11000 sub-brokers.
What is demat account?
DEMAT account came into existence in 1997, while earlier the stocks and shares were issued and traded in physical paper form in India. As digitization is taking place in every segment, shares and securities too are held electronically in a dematerialized form, instead of possessing physical certificates. Hence, investors are allowed to trade conveniently without any hectic paper process.
Even though, the market regulator Securities and Exchange Board of India (SEBI) has mandated to trades of up to 500 shares to be settled in physical form, still Demat account is widely accepted among the investors.
Angel broking demat account:
Angel broking is a trusted venture, which primarily aims at establishing a strong relationship with a broker or investor through a trading account. Investors can open a demat trading account, in order to buy and sell shares in the stock market. However, you need to be very particular while choosing a right trading account based on your understanding and preferences.
Types of demat account:
Regular demat account – This account type is basically used by investors or traders residing in India.
Repatriable demat account – This account type is preferred by NRI investors, where they can even transfer funds abroad. Though, Repatriable demat account type requires an NRE bank account associated with it.
Non-Repatriable demat account – This account type is too preferred for the NRIs, though they cannot transfer funds abroad. Meanwhile, this account requires NRO bank account associated with it.
Benefits of opening demat account:
Hence, demat accounts are hassle-free, simple, convenient, easy, and extremely lucrative. Several investors and financial experts suggest to must have a demat account for effective financial planning.
Rights of shareholder with demat account