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Depository services India is usually offered by an organization that has a hold over the investors' securities in an electronic form. The depository firm also provides services related to various transactions in such securities. A depository interfaces with its investors through Depository Participants. Normally it is the depository participants that handles the investors' accounts (demit accounts) these are very much similar to that of Savings Bank/Current accounts with a Bank. Purchase and sale of securities can be done through demit account. Presently there are two depositories in India viz., NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Ltd). It depends on the bank which service they have to provide. Depository services India helps you to hold your securities similar to the electronic book entries and transfer securities without actual management of physical scripts. It is very simple to avail the depository services, one just need to hand in the share certificates with a Demit Request form. Buying and selling transactions frequently will help one to trade more effectively. Demit and depository services are the same and many financial firms offer these services to various clients. Getting a demit account is better as the risk of theft, loss, misplacement, bad deliveries, or damage to scripts etc is not applicable. Moreover stamp duties on transfers of securities are also not required. Select the right financial firm so that they help you throughout your investment decisions. Advantages of opening demit account: 1. Shares are held in an electronic form 2. Share certificates don’t need to be kept under safe. 3. Record dates of various companies need not be remembered 4. Quick transfer of securities 5. Get rid of stamp duty which is done on transfer of securities 6. Various Risks involved of bad delivery are avoided. 7. Paper Work is reduced when one needs to transfer. Overall transaction cost gets reduced. The whole process goes faster and one does not lose any market opportunities as the securities are available in your account immediately after a pay out. There are no time consuming transfer deeds to be signed and bonus; rights shares are credited by issuers directly into ones demit account. So the whole process of Depository services India goes quick and handy for all.
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Depository services India, E-broking in India, Futures and Options trading, Share Trading Company, Portfolio Management, Online securities trading, Fi,
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