How To Open A Demat Account With Angel Broking
Most people have heard about demat accounts but very few among them actually know what the term means or how it helps. Demat refers to dematerialization. Dematerialization is the process of transferring the physical share certificates into electronic form. This makes the certificates easy to maintain and access from all over the world.
Demat accounts provide the facility of keeping shares and securities in an electronic format. In case of online trading, the shares are brought and kept in the demat account. This makes trading easy for the users. These accounts hold all of the investments that you make in government securities, shares, exchange trade funds, mutual funds, and bonds at one place.
The benefits of opening a demat account
The multiple benefits of opening a demat account with Angel Broking Demat Account is what makes it so popular among investors. The following are the top five benefits of opening a demat account with Angel Broking.
• Easy to invest and earn more
• Better chances of earning high returns
• Get access to the Angel broking app
• Earn high returns through ARQ
• Open and operate the account within an hour
• Secure and speedy transaction process
The documents needed to open a demat account
Opening a demat account is rather simple. There is not much hassle with the documents and no paperwork involved. If you plan to open an Angel Broking Demat Account, the following are some of the documents you need.
• Bank proof
• Pan card
• Residential address proof (or office address proof for business accounts)
The details will be verified before processing your application. Then, the welcome kit will be sent to you and you can login to the account with user ID and password.
The steps to opening a demat account with Angel Broking
You can open an Angel Broking Demat Account in following five simple steps.
1. Contact a depository: The first step of opening a demat account is contacting a depository participant. It can be the bank or a broker. In this case, it is Angel broking. After opening the account, the shares are kept safely with the depository. Only the government sponsored institutes are safe for you to deal with.
2. Submission of the documents: The next step is filling up the form for opening the account. Submit the copies of the documents as mentioned before. The depository will also ask for your passport size photographs. The original copies of the documents will be needed later.
3. Rules and regulations: The form that you have submitted must be signed by the depository. All the details of rules and regulation will be mentioned clearly at the form. Read the form carefully to ensure that you understand all the points mentioned.
4. A backup of the documents: Get the form printed and photocopied for using it in the near future.
5. Verification of the documents: This is one of the most important steps in the process. You will need to undergo in-person verification. A staff from Angel Broking will contact you and visit your place to check all the details that you have provided in the account opening form. Keep the original copies of the documents near you for the verification process.
6. Getting the beneficiary ID: Beneficiary ID will be given to you by Angel Broking after the documents have been submitted and it has been verified by the authorities. The ID that you get is your unique code. You can use the ID to access the demat account online and for selling or buying of shares in the stock market.
7. Keep the documents ready: Make sure that all the important documents are attested. The authorities can ask for the original documents for final verification before you start transacting with the demat account.
8. Minimum shares: You can open a demat account without any balance of shares. There is no need to maintain a minimum balance in your account.
The end talk
Opening and maintaining a demat account with Angel Broking makes the process really easy. You can get in the touch with the experienced professionals of the firm to know more about the details of opening an account.
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