What are the benefits of having a Demat account?

The benefits are:

1. Immediate transfer of securities

2. No stamp duty on transfer of securities

3. Elimination of risks associated with physical certificates such as bad delivery , fake securities , etc.

4. Reduction in paperwork involved in transfer of securities

5. Reduction in transaction cost

6. Nomination facility

7. Change in address recorded with Karvy gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately

8. Transmission of securities is done by Karvy eliminating correspondence with companies

9. Convenient method of consolidation of folios/accounts

10. Holding investments in equity, debt instruments and Government securities in a single account

11. Automatic credit into demat account, of shares, arising out of split/consolidation/merger etc.