Claim your Bank Account which is Doormat or closed due to inactivity
- A retail investor can hold shares in physical form, but cannot trade. For trading (buy or sell) of shares, an investor has to have a demat account.
- Demat is safe and convenient as it reduces risk of holding shares in physical form, reduces paperwork, ensures immediate transfer and eliminates bad deliveries.
- It eliminates transit losses relating to benefits such as dividends, bonuses, stock split, rights as these are automatically transferred into demat.
- Any update with depository gets automatically registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately.