Posted in Community :
Banking & Insurance Professionals
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Activity:
Question posted: 04 26 2008 00:17:19 +0000,
1 answers, 54 views, last activity
07 06 2010 20:18:08 +0000
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Top Answer :
Rating : +1
The benefits of participation in a depository are:
• Quick online transfer of securities
• No stamp duty on transfer of securities
• Elimination of risks associated with physical certificates such as bad delivery, fake securities, etc
• Reduction in paperwork involved in transfer of securities
• Reduction in transaction cost
• Nomination facility
• Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately
• Holding investments in equity, debt instruments and Government securities in a single account
• Automatic credits into demat account, of shares, arising out of split/consolidation/merger etc
by
Saurabh Ratnakar, Associate, HSBC Holdings
| 04 26 2008 00:18:18 +0000
Found the question
"When we talk specifically of retail banking.What are benefits of opening a demat a/c?"
interesting?
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