Demat Accounts: How to operate them through mobile apps and ensure security?
Two decades ago, India stood on the brink of the mobile phone revolution, and today, it has permeated every corner of the nation, with 90% of the population owning mobile phones. This surge in mobile phone adoption has not only transformed various industries but also catalysed the Digital India campaign launched in 2015, which significantly enhanced broadband connectivity even in remote regions of the country.
In contemporary times, mobile phones possess capabilities equivalent to those of computers, becoming indispensable tools for various activities ranging from bill payments to online shopping. This widespread adoption of mobile phones has also spurred advancements in financial services.
Also Read: What are the charges associated with a demat account?
Stockbrokers and fund managers have developed their own infrastructure, such as apps, enabling clients to conveniently trade and invest directly from their smartphone devices. Even traditional brokerage firms, boasting decades of expertise, have introduced their own mobile trading platforms.
Today, the majority of stockbrokers provide clients with both mobile trading applications and web-based platforms.
In this article, we will explore how retail investors can fully manage their demat accounts using smartphones. Additionally, we will address important questions regarding the security measures that retail investors should consider when trading via mobile phones.
From the advent of web-based trading platforms to the rise of mobile trading apps, the landscape of trading in the Indian stock market has undergone a remarkable transformation over the last two decades. Trading has become incredibly convenient, with a smartphone and a network connection being all that's
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