Demat account came to exist in the country in the year 1997. Before this, shares and stocks were traded and issued in paper format. The advent and spread of computers and technology ensured that securities and shares are kept in a dematerialized format electronically. Thus, through a demat account, you can sell, buy, and transact easily without needing any paperwork. However, what you need for opening a demat account is the support of a registered stockbroker and this is exactly where Angel Broking comes into the picture. Opening the demat account becomes so much hassle-free when you are with the registered stock brokers from Angel Broking.
Benefits of Opting For Demat Account
The multiple benefits of demat accounts speak of its growing popularity among the investors. The top two benefits of opening a demat account have been listed as below.
Zero risk factor: Dealing with physical certificates come with its own sets of problems. You might end up losing such valuable pieces of paperwork. Besides, forgery detection is not easy and it is better for you to get all the papers done electronically. Papers and inks both erode over time and thus the paper loses its quality.
Zero need for paperwork: When you have decided to use the demat account for buying and selling, you are transferring all the certificates in a digital form. Thus, the transactions naturally less troublesome and really hassle-free. When you are trading in shares, there is no requirement for you to hand over the certificates to a buyer and seller. There is absolutely zero paperwork involved after opening the account.
The advantages of selecting Angel demat account
The following are the top three advantages of opening an Angel Broking Demat Account:
Years of experience: Angel Broking has been in the industry ever since the beginning of demat accounts way back in 1997. Thus, they come backed by years of experience in the industry.
Use of latest technology: The firm has always believed in keeping up with the times. So, you will find that they use nothing but the latest innovations of modern technology.
Technical and fundamental guidance: The brokers of Angel Broking will provide you with fundamental and research guidance all through the process. Thus, even the ones new to the market will have assistance to help them move forward.
A fully functional mobile app: Opening a demat account with Angel Broking gives you access to the mobile app of the firm. Through this app, you can browse the news from stock market live, share price updates, fund transfer facility, and your portfolio.
The documents to be kept ready
If you have made up your mind to go for Angel Broking Demat Account, the following are a few of the documents you need to keep in handy.
a. A proof of income
b. Valid identity proof
c. Proof of residential address
d. Your pan card
e. Authorized people to attest your documents
The ways of opening a demat account
There are four basic steps to opening an Angel Broking Demat Account. They are as follows,
a. Fill up the account form for opening your account
b. Submit the documents mentioned before
c. Go in for in-person verification
d. After the process is done, you get to have a unique account number or ID
After filling up the form for Angel Broking, you will receive a call from their end within a few working days. The call is made to understand the following points:
a. To check if you have all the valid proof
b. To know your location so that they can send in their representative.
Submit all the copies of the documents to the representative sent to collect it from you in-person. This step also completes the important in-person verification needed for opening a demat account. The demat account number and client ID will be sent to you via email and also through post. Opening the demat account with Angel Broking is really simple and the whole process takes not more than a couple of days.
The final words
Angel Broking has been the trusted brokers for the longest period of time. Their valuable insights and experience can translate into profit for your investment venture.