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Q How do I transfer non-demat shares into demat account?AIts simple. You need to open a demat account with a broker and request to demat the physical shares. The demat account has to be opened in the holders name whose shares are in physical form.
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Q How can I withdraw money from my Demat account?AMoney is not stored in the demat account and thus there is no question of any money withdrawal from the Demat account.
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Q How do I transfer shares from one demat account to another?AIts simple. Shares can be transferred by giving off-market transfer instruction to the DP ( Depository Participant )
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Q Transfer Physical Share From One Person To Another Person's Demat AccountAPhysical share transfer cannot be tansferred to someone's Demat Account directly.
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Q Will I get the dividend in my demat account or will I get a cheque?ADividend will be credited to the Bank account linked to your Demat account.
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Q How much time is needed for the shares I purchased today to come to my demat account?AThey should be tranferred in your Demat account within 3 working days.
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Q Are shares of Demat Account Transferable?AYes, they are transferable provided the Scrip ISIN is active.
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Q Is it possible to open more than two demat attached with one trading account.?AYes it is possible.
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Q Do i need to pay commision or service charge for every single share trading transaction on a online demat account?AYes, you have to play service charge for every single share trading transaction.
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Q Is trading account necessary for dealing in gold etf in India ?AYes it is necessary.
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Q How should I open an account with a DP?AYou can open DP account with any Depository service provider by filling up account opening form.
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Q How to choose a DP?AA Depository Participant (DP) provides services such as dematerialization of shares and even debt instruments such as Tax free bonds, NCDs and Exchange Traded Funds (ETFs). You should select a DP based on their service charges and the promptness to address service related issues.
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Q How can I avail the service of a depository?AOpen an account with any depository service provider to avail services.
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Q What is a depository?ADepository Participants are service providers to investors. It acts as an organization ( registered with SEBI ) who provides services to store, hold Securities, Mutual Funds, Bonds, Commodities on behalf of their clients
- Mandatory by SEBI
- Easy Portfolio Management
- Security of Equity Investments.