Everything You Need to Know About Demat Account

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Title: Everything You Need to Know About Demat Account


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Demat Account Everything You Should Know
www.bigul.co
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Demat Account Explained
A Demat Account is used to hold stocks and
investments digitally, making online trading
simple and secure. It keeps shares, bonds, and
mutual funds in one place, reducing the risk of
fraud or loss. Introduced in 1996, it helped
digitize India's stock market. Earlier, opening a
Demat account took days, but now it can be done
online in just 5 minutes.
www.bigul.co
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Dematerialization
  • Dematerialization converts physical share
    certificates into digital form, making them easy
    to manage and access from anywhere. To trade
    online, investors must open a Demat account with
    a Depository Participant (DP).
  • This process eliminates physical certificates,
    speeding up transactions and ensuring security.
    To convert shares, submit your certificates along
    with a Dematerialization Request Form (DRF),
    marking them as "Surrendered for
    Dematerialization". Once processed, you'll
    receive an acceptance slip.

www.bigul.co
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How to Open a Demat Account with Bigul?
  1. Visit the Bigul Website Go to the official
    Bigul website.
  2. Enter Your Details Provide your mobile number
    and email address.
  3. Verify Your Identity Submit your PAN and
    Aadhaar card details for verification.
  4. Fill Personal Bank Details Enter your
    personal and bank account information.
  5. Select Investment Segment Choose the trading
    segment that suits your needs.
  6. Complete E-Sign Click on the e-sign button to
    finalize your Demat account setup.

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Demat Account Fees and Charges
  • Bigul doesnt charge an account opening fee
  • Annual Maintenance Charge (AMC) is free for 1 year

Demat Account Types
  • Depository Participants provide three distinct
    types of Demat accounts
  • Regular
  • Repatriable
  • Non-repatriable

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Required Documents
  • You need documents that meet KYC (Know Your
    Customer) requirements to open a free demat
    account. Generally, the documents are
  • Permanent Account Number (PAN) (compulsory as per
    regulations)
  • Aadhar card
  • Bank statement (last 3 months)
  • Proof of Address

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Key Features of Demat Account
  • Easy and secure trading with no risk of loss or
    theft.
  • Less paperwork and lower transaction costs.
  • Trade freely from anywhere, even with a single
    share.
  • Hold both stocks and debt securities in one
    account.
  • Depository participant manages transactions,
    simplifying the process.

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Benefits of Demat Account
  • No risk of losing or damaging physical share
    certificates. Everything is stored securely in
    digital form.
  • Buying and selling shares happens instantly
    without delays or paperwork.
  • No stamp duty on share transfers, and
    transaction costs are lower than physical
    trading.
  • You can buy or sell even a single share without
    any restrictions.
  • Any changes like address updates or corporate
    actions (bonus shares, mergers, etc.) get
    reflected automatically in your account.

www.bigul.co
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Difference Between Demat Account and Trading
Account
Feature Demat Account Trading Account
Purpose Stores shares securities in electronic form Used to buy and sell shares on the stock market
Function Acts like a digital locker for shares Works like a bank account for trading stocks
Fees Requires annual maintenance charges No annual maintenance fees
Approval Needs approval from SEBI NSDL No special approval required
Best for Long-term investors who want to hold shares Active traders who buy and sell frequently
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Download Bigul Trading App!
Supercharge your trading on the go with the Bigul
Trading App! Download now for instant access to
cutting-edge features, real-time insights, and
unparalleled convenience.
www.bigul.co
11
Contact Details
Bigul-2004, The Affaires, Sector 17, Off Palm
Beach Road, Sanpada-400705, Navi Mumbai, M.H
https//bigul.co/
support_at_bigul.co
9090491913
Be Social with us
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THANK YOU
Thank You for Choosing Bigul for Your Trading
Needs
https//bigul.co/
www.bigul.co
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