Overview of Demat Account.
In India, a Demat account, the abbreviation for dematerialised account, is a type of banking account which dematerializes paper-based physical stock shares. The dematerialised account is used to avoid holding physical shares: the shares are bought and sold through a stock broker.
This account is popular in India. The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading above 500 shares. As of April 2006, it became mandatory that any person holding a demat account should possess a Permanent Account Number (PAN), and the deadline for submission of PAN details to the depository lapsed on January 2007.
Procedure
1. Fill demat request form (DRF) (obtained from a depository participant or DP with whom your depository account is opened).
2. Deface the share certificate(s) you want to dematerialise by writing across Surrendered for dematerialisation.
3. Submit the DRF & share certificate(s) to DP. DP would forward them to the issuer / their R&T Agent .
4. After dematerialisation, your depository account with your DP, would be credited with the dematerialised securities.
Reliance Money Demat Account Services
Reliance Money – Transacting and investing simplified.
Get ready to change the way you transact and invest in financial products and services.
Whether you wish to transact in equity, equity & commodity derivatives, IPO’s offshore investments or prefer to invest in mutual funds, life & general insurance products or avail money transfer and money changing services, you can do it all through reliance money.
Simply open a reliance money account and enjoy the convenience of handling all your key financial transactions through this one window.
Benefits of having a reliance money account
• It’s cost effective
You pay comparatively lower transaction fees. As an introductory offer, we invite you to pay a flat fee of just Rs. 500/- and 750/- and transact through reliance money. This fee is valid for two months or a specified transaction value
See the table below for details.
• Its offers single – window access
Through reliance money’s associates, you can transact in equity, equity and commodities derivatives, offshore investments mutual funds, IPO’s life insurance, general insurance, money transfer, money changing and credit cards, amongst others.
• Its convenient
You can access reliance money’s services through
• The internet
• Transaction kiosks
• The phone (call & transact)
• Our all – India network of associates
On an assisted trade (through the call centre or our network of associates) a charge of Rs 12 per executed trade will be applicable.
• Its Safe
Your account is safeguarded with a unique security number that changes every 32 seconds. This number works as a dynamics password to keep your account extra safe.
• Its provides you a demat account
You get your own demat account with reliance capital at an annual fee of just Rs. 50/-.
• Its provides you a 3-in-1 facility.
You can access your banking, trading and demat account through a single window and transfer funds across accounts seamlessly.
• It provide you value- added services
At www.reliancemoney.com, you get
• Reliable research, including views of external experts with an enviable track record
• Live news updates from Reuters and Dow Jones
• CEO’s / expert views on the economy and financial markets
• Tools that help you plan your investments, tax, retirement, etc. in the personal finance section
• Risk Analyser for analysis of your risk profile
• Asset allocators to build an appropriate investment portfolio
• Innovative use of technology for facilitating convenient trading/investments – kiosks (similar to ATM’s)
Reliance Money Provide the kiosks (similar to ATM’s) Facilities, to their customer through which the customers can trade on available kiosks at the particular Branch of Reliance Money. The company are going to open these kiosks in the market as the ATM’s of the Banks.
Reliance Money provides 3 different trading platforms for equity trading:
Insta Trade
Fast Trade
Easy trade
The benefits
• A safe and convenient way to hold securities;
• Immediate transfer of securities;
• No stamp duty on transfer of securities;
• Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc.;
• Reduction in paperwork involved in transfer of securities;
• Reduction in transaction cost;
• No odd lot problem, even one share can be sold;
• Nomination facility;
• Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately;
• Transmission of securities is done by DP eliminating correspondence with companies;
• Automatic credit into demat account of shares, arising out of bonus/split/consolidation/merger etc.
• Holding investments in equity and debt instruments in a single account.
In India, a Demat account, the abbreviation for dematerialised account, is a type of banking account which dematerializes paper-based physical stock shares. The dematerialised account is used to avoid holding physical shares: the shares are bought and sold through a stock broker.
This account is popular in India. The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading above 500 shares. As of April 2006, it became mandatory that any person holding a demat account should possess a Permanent Account Number (PAN), and the deadline for submission of PAN details to the depository lapsed on January 2007.
Procedure
1. Fill demat request form (DRF) (obtained from a depository participant or DP with whom your depository account is opened).
2. Deface the share certificate(s) you want to dematerialise by writing across Surrendered for dematerialisation.
3. Submit the DRF & share certificate(s) to DP. DP would forward them to the issuer / their R&T Agent .
4. After dematerialisation, your depository account with your DP, would be credited with the dematerialised securities.
Reliance Money Demat Account Services
Reliance Money – Transacting and investing simplified.
Get ready to change the way you transact and invest in financial products and services.
Whether you wish to transact in equity, equity & commodity derivatives, IPO’s offshore investments or prefer to invest in mutual funds, life & general insurance products or avail money transfer and money changing services, you can do it all through reliance money.
Simply open a reliance money account and enjoy the convenience of handling all your key financial transactions through this one window.
Benefits of having a reliance money account
• It’s cost effective
You pay comparatively lower transaction fees. As an introductory offer, we invite you to pay a flat fee of just Rs. 500/- and 750/- and transact through reliance money. This fee is valid for two months or a specified transaction value
See the table below for details.
• Its offers single – window access
Through reliance money’s associates, you can transact in equity, equity and commodities derivatives, offshore investments mutual funds, IPO’s life insurance, general insurance, money transfer, money changing and credit cards, amongst others.
• Its convenient
You can access reliance money’s services through
• The internet
• Transaction kiosks
• The phone (call & transact)
• Our all – India network of associates
On an assisted trade (through the call centre or our network of associates) a charge of Rs 12 per executed trade will be applicable.
• Its Safe
Your account is safeguarded with a unique security number that changes every 32 seconds. This number works as a dynamics password to keep your account extra safe.
• Its provides you a demat account
You get your own demat account with reliance capital at an annual fee of just Rs. 50/-.
• Its provides you a 3-in-1 facility.
You can access your banking, trading and demat account through a single window and transfer funds across accounts seamlessly.
• It provide you value- added services
At www.reliancemoney.com, you get
• Reliable research, including views of external experts with an enviable track record
• Live news updates from Reuters and Dow Jones
• CEO’s / expert views on the economy and financial markets
• Tools that help you plan your investments, tax, retirement, etc. in the personal finance section
• Risk Analyser for analysis of your risk profile
• Asset allocators to build an appropriate investment portfolio
• Innovative use of technology for facilitating convenient trading/investments – kiosks (similar to ATM’s)
Reliance Money Provide the kiosks (similar to ATM’s) Facilities, to their customer through which the customers can trade on available kiosks at the particular Branch of Reliance Money. The company are going to open these kiosks in the market as the ATM’s of the Banks.
Reliance Money provides 3 different trading platforms for equity trading:
Insta Trade
Fast Trade
Easy trade
The benefits
• A safe and convenient way to hold securities;
• Immediate transfer of securities;
• No stamp duty on transfer of securities;
• Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc.;
• Reduction in paperwork involved in transfer of securities;
• Reduction in transaction cost;
• No odd lot problem, even one share can be sold;
• Nomination facility;
• Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately;
• Transmission of securities is done by DP eliminating correspondence with companies;
• Automatic credit into demat account of shares, arising out of bonus/split/consolidation/merger etc.
• Holding investments in equity and debt instruments in a single account.