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5 Things To Check Before Opening A Demat Account

Demat accounts hold the financial securities such as equity or debts. Instead of holding on to the physical records of all the investments, these are stored in an electronic form in a demat account. One can access the demat account just like one accesses the bank account to view the credits, debits and balances.

Why is opening a demat account important?

One cannot simply buy or sell securities without a demat account. You require a fully functional account to trade or invest or trade in equities, exchange traded funds (ETFs), bonds, derivatives, and debentures.

How to open a demat account?

To open a demat account; you need to reach out to a reliable SEBI-registered broker such as Dealmoney Securities. The process is simple and quick. All you need to so is, submit a few documents through either physical KYC or e-KYC process and meet the minimum eligibility criteria. Nonetheless, before opening a demat account; you should be aware of a few essential things.

Mentioned below are the five essential things to check about the broker before opening your demat account.