Demat accounts: From holding to pledging of shares, here are the features available

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demat and trading accounts. They regularly introduce new features to make trading easier and save users' time. In this article, we'll explore the benefits provided by a demat account beyond the basic buying and selling of shares.

Additionally, we'll delve into the latest features available in demat accounts. In India, demat account services are primarily provided by two depository bodies known as NSDL and CDSL. These services are further facilitated by numerous “depository participants," such as banks, which act as intermediaries.

Having a demat account grants you access to various benefits. Firstly, you can participate in Initial Public offerings (IPOs) and receive dividends, bonus shares, and other corporate actions directly into your account. Also Read: Demat Account: What are the tax implications of transactions? This simplifies the process and ensures that you receive all entitlements seamlessly.

Additionally, the transfer process is streamlined with demat accounts, as any number of securities can be transferred or delivered with just one instruction. This eliminates the need for paperwork and signing multiple transfer forms, making transactions more efficient and convenient. Furthermore, demat accounts offer several other useful features.

For instance, investors can nominate beneficiaries for their accounts, ensuring a smooth transmission of assets in case of unforeseen events. Moreover, demat accounts provide tools for portfolio management, allowing investors to easily track and manage their investment portfolios. They can monitor their holdings, view transaction history, and stay updated on corporate actions, all in one place.