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About

What is a Demat Account?

Demat account is simply an account where all of your securities, such as shares, ETFs, bonds, etc., are held in digital or electronic format. In this digital world, having a demat account or dematerialized account replaces the old system of shares trading in physical forms.

The government of India realized the need for dematerialization in 1996, as physical share certificates involve massive paperwork and can be stolen. Demat accounts have become game changers for various security holders as they are easy to open online or offline, are trustworthy, and offer a more secure way of trading and investing. The SEBI mandates that a stock market investor must have a demat account.

Benefits of a Demat Account

Easy Access: Demat accounts can be accessed anywhere – be it at home or on the go – using your computer or smartphone. This flexibility is one of the reasons Demat accounts are a necessity in today’s world.
Reduced Risk: Before demat accounts were introduced, there were high risks of theft, forgery, loss, and tampering with shares in physical form. Problems like delays, extensive paperwork, and errors have also been eliminated after the introduction of demat accounts.
Corporate Benefits and Actions: A Demat account allows you to receive dividends directly into your bank account. In addition, corporate actions such as bonus issues, stock splits, and rights issues are directly reflected in the Demat account.
Accurate Record-Keeping: All the transactions done using a trading account are reflected accurately in the Demat account. Hence, tracking your portfolio and keeping up with the market is very easy.
Loan Facility: You can obtain secured loans from banks by pledging the securities held in your demat account as collateral.
Nomination Facility: Demat account offers the facility of nomination, whereby an investor can nominate an individual who can claim the securities in the event of the investor’s death.

Types of Demat Account

Regular Demat Account: Regular Demat accounts are meant for investors residing in India. Regular demat accounts are offered by depository participants (DP) with no limit on the number or value of securities you can hold. Investors just need to pay a small annual maintenance charge (AMC).
Basic Service Demat Account: BSDA is a basic form of regular demat account as it imposes low AMC on investors. For example, as per BSDA, if an investor has a holding of less than or equal to Rs. 50,000, he/she is not liable to pay any AMC.
Repatriable Demat Account: As opposed to regular demat accounts, repatriable demat accounts are for non-resident Indians who want to invest in the Indian capital market or enable the transfer of funds outside India. The maximum amount you can repatriate is $1 million per year. NRI investors need to link their Non-Resident External (NRE) bank account to their demat account while opening a repatriable demat account.
Non-Repatriable Demat Account: As the name suggests, non-repatriable demat accounts are also meant for NRIs but it does not allow investors to transfer money received from the sale of securities outside India. Instead, they can transfer their proceeds to other Indian bank accounts. The NRI investor is required to have a Non-Resident Ordinary (NRO) bank account linked with the demat account.

Pocketful is an advanced trading platform that empowers traders with cutting-edge technology. We provide innovative tools and resources to make trading more accessible and practical.

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548):

The SEBI Registration No. allotted to us is INZ000313732.
NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120
DP CDSL: 12099800

Compliance Officer : Mr. Randhir Kumar Chaudhari
Tel no: 011- 49022222 / 011-49022277
Email: randhir@pocketful.in

Address/Correspondence Address: C- 3, Ground Floor, Okhla Industrial Area, Phase - 1, New Delhi - 110020

For any complaints, drop us an email at legal@pocketful.in

Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID.

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The brand name Pocketful and logo is in process of trademarks registration. The cost-effective brokerage plans make Pocketful a trustworthy and reliable online stock broker. Available on both the web and mobile, it offers unmatched convenience to traders. If you are considering opening......

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