A Depository is an organisation which holds investors’ securities in electronic form. The depository also provides services related to various transactions in such securities. A depository interfaces with its investors through Depository Participants. Depository Participants maintain investors’ accounts (demat accounts) which are similar to Savings Bank/Current accounts with a Bank. Purchase and sale of securities can be done through demat account. Presently there are two depositories in India viz., NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Ltd). ANS PVT. LTD. is a Depository Participant of CDSL.
WHAT ARE Benefits of DEMAT ACCOUNT?
» Ease of transfer – Shares can simply be transferred using delivery instruction slip (DIS) or receipt instruction strip (RIS), making the transaction of shares easy.
» Loans against Shares facility – The shares held in Demat accounts can be used as collateral to obtain loans from lenders willing to extend loans on your shareholdings.
» Demat account freezing – Demat accounts can be frozen for any given period of time if the holder is unwilling to risk unexpected credit/debit. Freezing can also be availed for a certain quantity of securities in the account.
» High accessibility and ease of holding – Demat accounts are easily accessible with the internet on any device of account holder’s choice – mobiles, computers or other smart devices. They also maintain and track investments without the hassle of maintaining physical certificates.
» Risk Reduction – Demat account holds your securities through an electronic operation which safeguards your securities against loss or theft that occurs in case of physical securities
» Time and cost efficient – Additional costs involved in physical ownership of securities like stamp duty are eliminated with Demat accounts, making it cost-efficient. The absence of this maintenance and paperwork also reduce time.
» Avail corporate benefits hassle-free – If your investments yield dividends, interest or refunds will be automatically transferred to your bank account which is linked to your demat through a depository participant.
HOW CAN ANS HELP YOU INVEST with dp services?
» We offer full-fledged Depository services
» Depository Participant registered at BSE with CDSL (Central Depository Services Ltd)
» The non-trading members also can avail of our Depository services
» Trade execution facilities at your doorstep
» Instant SMS service
» Anytime, anywhere information access through the mobile app of Back office
» Your DP Balance is available on our platform 24*7