An account to easily convert your physical holdings into electronic form, for easy access and trading
The Loanswala Demat Account enables easy conversion of shares from physical holdings to electronic units along with simplified transfer, settlement, and overall management of shares. This online demat account allows you to access your holdings and transactions from anywhere using Internet Banking or Mobile App. The Demat Account features and benefits include easy dematerialisation and rematerialisation of shares, easy share transfer and management, corporate benefits like automatic electronic transfer of dividends and interest. It also gives you the option of pledging your electronic shares to avail a loan.
As it is difficult to hold shares in physical forms because it involves a lot of paperwork, long process and risk of fake shares. So, for simple and seamless trading and investing, Demat account is must to trade in India’s stock exchanges. Although the Securities and Exchange Board of India (SEBI), has allowed trades of up to 500 shares to be settled in physical form but this option is not preferable any more. A demat account holds the certificates of financial instruments like shares, bonds, government securities, mutual funds etc. So, it involves the process of converting physical shares into electronic form and credited to investor’s demat account.
There are two Depositories in India – the National Securities Depositories Limited (NSDL) and the Central Depository Services Limited (CDSL), through whom the shares are held by the various depository participants. When you buy or sell shares, respective DP credits or debit your account accordingly.
Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
Bank Statement (latest 6 months bank)
A recent passport size photograph