CURRENT IPO

• Share Transfer: Demat accounts are used to transfer the share holdings of an investor.
• Loan Facility: If you hold securities in your demat account, you have access to loan facilities. Securities function as collateral.
• Dematerialisation and Rematerialisation: With an active demat account, conversion of securities into different forms is an easy task. You can convert physical shares into electronic ones or vice versa.
• Availing Corporate Benefits: With demat accounts, you can avail of the benefits associated with holding securities. For example, when a company provides dividends, interests or refunds to its investors, demat account holders can access these benefits immediately.

Here are the documents required for opening a Demat Account:

• Proof of Income: Photocopy of Income Tax Return (ITR) Acknowledgment slip, salary slip, certificate of net worth are accepted as proof of income.
• Proof of Identity: PAN card, Aadhar, Voter ID, Driving License, Passport are all accepted. Identity cards issued by the Central/State Governments, statutory bodies, public sector undertakings, etc. are also accepted.
• Proof of Address: Passport, Voter Identity Card, Registered Lease or Sale of Agreement of Residence, Driving License, Bank Statement not older than 3 months, etc. The address provided in the name of the spouse is accepted as well.

Electronic exchange system and BOLT electronic system are the online trading platforms belong to the NSE and BSE, respectively. They are online software to manage market positions with the help of financial intermediaries.

The NIFTY benchmark index is for NSE and Sensex for BSE.