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:

• Lower risks – First and foremost, dematerialized form of securities involve less risk than holding physical securities which involves risks like theft, losses, or damages. In addition, bad or fake delivery of securities poses further risks. In the process of handling securities in dematerialize form, such risks are completely eliminated and the investor can trade and manage their holdings in electronic form.

• Easy holdings – Maintaining physical certificates can be a bit tedious job, meanwhile, keeping an eye on their performance is another responsibility. But, with demat account, traders can keep a track of all their investments on the go with a single account.

• Odd lots – While dealing with physical certificates, buying and selling of shares are restricted to a certain quantity. However, demat account eliminates the concern.

• Reduced costs – Holding and maintaining physical certificates involve certain additional costs such as handling charges, stamp duty, and other such expenses. All such expenses are not incurred while dealing with shares and securities in a dematerialized form.

• Reduced time – As the paperwork and hectic process is completely eliminated, the time required to complete the transaction ultimately gets reduced. This makes the account holder to make more transactions in the name of purchase and sell of securities in a shorter time and with greater efficiency.

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

• If received and approved, receive rights, bonus, and shares

• Receive annual reports or other such periodical reports

• Receive notices, postal ballot forms, and explanatory statements of general meetings

• Receive dividends, if any

• Participate and vote at general meetings

• Demand poll on any resolution at GM

• Demand statutory registers and documents for inspection during the work hours

Documents required:

• 3 passport size coloured photographs

• A copy of PAN card

• A copy of identity proof (Passport/ Driving license/ Voter ID/ Aadhaar card)

• A copy of address proof (Ration card/ driving license/ Aadhaar card/ electricity bill)

• Cancelled cheque

• Proof of income