Fill the lead form from RKFS to Open Demat Account
Enter OTP received on the registered Mobile Number and Email Address
Fill Date of Birth, PAN details and Bank Account Details.
Details of your demat account are sent to you on your registered mail address
At first, shares and stocks were traded using physical receipts, also known as certificates. Physical shares led to a lot of paperwork, which was a hassle. To combat this and make use of an electronic trading platform that gained traction in Western and Asian markets, the process of dematerialisation (Demat) of share certificates began in India in 1996. Physical share certificates were converted into electronic securities with the same value and number and were debited to the investor's Demat and trading account. This is how trading began using this method.
More only, the Demat account permits investors to buy and sell and trade not just stocks and shares but other items without the need for any paperwork.
Demat account is of paramount importance because the entire financial system of managing, trading, and investing in the stock market in India is now digital. Thus, Demat and trading accounts are the essential thing of the moment for providing users with an effortless experience. The same Demat account can be used for investments in stocks, a Demat account for mutual funds, a Demat account for bonds, and a Demat account for insurance in electronic form. This account helps the investor keep their investments in order and provides an easy way to purchase or sell any product they wish to trade in. A Demat account can be more than an account that holds securities. With the help of digitisation, it can contribute to transparency in the market and provide better regulation.
Physical shares were an extensive process that required a lot of paperwork, a long process, and a chance of receiving counterfeit shares. To make the entire process easy and efficient, SEBI made it mandatory to create an online Demat account. Online trading allows shares and securities to be stored in an account in an electronic or "dematerialised" format. It is the procedure of changing shares that are physically issued into an electronic format to improve the accessibility of shares and securities. So, for electronic settlement of trades, investors require an exact DEMAT account number.
It's a similar idea to the bank account, in which there is a log of the credit and debit balances that are kept in the passbook of a bank. When the purchase or sale of a share or any other holding in a Demat account is done, the transaction will be debited or credited to or out of the account in accordance with its terms. Therefore, having a best Demat account allows the owner to purchase and sell shares or any other financial instrument and keep them securely and safely with a very low maintenance charge.
A Demat account may be used to keep a range of investment options, including stocks, shares, indexes, gold, bonds, government securities, Initial public offerings (IPOs), exchange-traded funds (ETFs), non-convertible debentures (NCDs), mutual funds, and more trade on exchanges. You can open a Demat account with no products or shares and keep a zero balance.
All your investments and shares, such as bonds, securities, mutual funds, ETFs and government securities, are stored in demat or electronic form in your Demat account. It is essential to know the procedure and who is involved in the operation of a Demat account. Here are the primary features of a Demat account:
Depository: As of now, two depositories have registered with SEBI.
(i) CDSL - Central Depository of Securities Ltd.
(ii) NSDL - National Depository of Securities Ltd. The depositories manage your Demat account for you. The process is similar to a bank.
Depository Participant(s)(DP) is an agent for the depository through which it communicates with investors. Banking services can be accessed via a branch; however, the depository services may be accessed through the designated DP.
Portfolio Holding: The Demat account allows you to see your portfolio investment holdings and every transaction when it is made. Because it's an automated process, each buy and sell is documented in the most current information on the price and date of purchase, the amount, and more.
Unique ID: Every single Demat account has a unique verification identity number. This number is used during transactions to assist businesses in identifying and crediting the securities on account of the investor. It's a unique 16-digit number. The first eight numbers are the DP id, and the remaining eight are the client IDs.
Demat account opening can provide many options to investors. Let's look at some examples below:
Transfer of Investments: Demat account facilitates to transfer of shares by an investor when he or she buys or sells any of the holding. When you fill in the delivery Instruction Slip (DIS) with all pertinent information about the investor, it allows the easy transfer of shares. But it's not just limited to shares; many other investments or holdings can also be transferred using an account.
Dematerialisation and Rematerialisation: Demat accounts assist the conversion of securities to different formats with ease through directing your DP (depository participant) for dematerialisation to perform the formalities required to convert the physical share certificate to an electronic format. In addition, investors can request their security holdings transformed back into the physical form by utilising this process called Rematerialization which requires an RRF-Remat Request form to be filled out and signed.
The securities in the account give the investor a precise holding to allow him to obtain a loan from the financial institution or bank. Securities can be used as collateral for the loan.
Corporate Actions: These accounts help the investor track his /her investments. This is especially necessary to track splits, bonuses, equity shares or other actions made by the company for its shareholders. The information is directly updated on the account. Demat accounts can be frozen. Investors have the option of freezing their accounts for a certain time or as per the requirements. Sometimes, this is done to stop any unexpected activity on the account. However, to use this option, a specific number of shares must be in the investor's account.
Speed E- Facility: NSDL has offered an electronic method for their investors to finish a transaction by submitting an electronic slip that will be sent directly to the DP.
RKFS offer these demat services for all clients in collaboration with CDSL (central depository of securities limited.)
To Open a Demat account is a simple procedure with these steps:
Step 1: Select the Depository Participant (DP) to create the account. The Beneficial Owner (BO) account will be created through the depository.
Step 2: An account opening application form needs to be filled out online with all information about the investor along with evidence of documentation supporting documents proving address proof, proof of identity, evidence of income, etc. A PAN card is required to open the account. The documentation must be submitted in its original form to verify the account.
Step 3: You will receive details of the regulations and rules, along with the required fees to be payable to your DP. A representative from the DP will perform a person-to-person verification to verify all information and documents provided by the investment.
Step 4: Once your application is approved and all documentation is provided After that, the Demat account is created and is operational. A person can open an account online in a matter of minutes with any financial institution or bank. There are many options to open an account online. One such alternative is RKFS, which provides low brokerage Demat accounts. One can open a Demat account with no annual charges for the first year with RKFS. Tips to be aware of when opening an account with a Demat account: The current process to open a Demat account online makes it simple to open a Demat account. In the present system, you don't need to go to the office of the Demat account to apply for opening an account. Simply fill out the form online, update your mobile number and email address and then complete KYC compliance using an approved DP and have a Demat account up and running in less than an hour. As an educated investor, you need to be familiar with the following
Documents required to complete Demat You will require an inventory of documents needed necessary to complete the KYC procedure. It includes identification, address evidence, bank account information, PAN, Aadhaar, and others. You will receive a list of the documents needed to open a bank account. Be sure to provide accurate documents to prevent your application from being denied.
Charges: There are various fees that are collected by the broker for the Demat account. These range from taxes charged by SEBI to operational charges. Charges are an essential factor to consider when choosing the best broker for a Demat account because there is a cost that you will be required to cover in conjunction with capital investment in a fund. Linking Demat to Demat: Opening a Demat is the initial step in investing in securities. However, it is not the only option. A Demat account is designed to store the securities in transactions. You require an account for trading, which is linked to your Demat, to conduct trading. It is possible to have both trading and Demat accounts in separate broking houses. However, it increases the need to transfer the scrips between accounts to the other and the time it takes to complete transactions. To make transactions faster and more seamless, you should open both accounts with the same broker.
File nomination: Adding nominees with your Demat will save you a lot of time and effort later. This is a crucial process that is often ignored. So, we recommend naming the nominee when you open the Demat account.
These are just a few of the benefits that you will get with Demat accounts:
Consolidation: The possibility exists to combine different holdings of portfolios of the same name to create a new portfolio which is totally in electronic form. It is possible to forward the physical certificates along with an appropriate letter of intent to seek consolidation in electronic form.
Account freezing: There's an option that permits you to lock your account, security, or even any other security for a certain time. It is possible to do this to stop any unintentional action on your account.
Types of accounts: Demat accounts can be different in form, like the bank account. You can create a joint Demat account in your name as a business or multiple accounts, or even for minors. But any Demat account for minors will require an adult guardian to manage the account.
But opening an account will come with the usual charges that could include an annual maintenance charge and a transaction fee or commission for each transaction made through the DP. To avoid recurring charges, open a lifetime
Demat account by paying nominal charges initially for a lifetime. Based on the DP, the fee could be assessed for the dematerialisation of shares. On the other hand, on the brighter side, there aren't requirements to maintain a minimum amount. These accounts are open without the need to hold any securities. So, what are you waiting for: open your Demat account today with the best Demat account broker RKFS and start with your investing journey to create a future for yourselves and your family with financial freedom.
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An equity investment is a fund invested into an organization by buying shares of that organization from the stock market.
Future is a contract to trade an underlying stock or asset at a pre-decided cost on a particular date, with an expiry of the agreement on a pre-decided date known as the expiry date.
Insurance is a lawful understanding between the insurer and the insured to provide financial coverage.
Currency trading allows 24/7 trading in currency, making it the world's biggest and most liquid asset market.
Commodity trade is where different commodities and their subordinate items are traded-for example, gold, silver, crude oil and more
IPO is an acronym for Initial Public Offering which is the process of changing a privately owned business into a publicly owned business.
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I am very happy to be an investor through RKFS. When I ask a question, I receive an immediate reply from RKFS team
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RKFS was the reason I began investing. All the while, I was money in my bank account.
RKFS provides the best customer service. The team is polite, courteous, and prompt in responding to queries. They have been a pleasure to work with, and I look forward to continuing the journey for many more years. Bravo, RKFS Team!
I love the variety of Mutual Funds available. I was able to choose the right fund for my long-term investments thanks to RKFS team
RKFS was easy to use and understand. The best part was that I received advice from the RKFS team as an expert and friend. They also understood my risk-taking capacity as well as my paying capacity
It is simple to open a Demat account with RKFS. It's easy to complete the forms online and have them delivered by courier. Online, hassle-free process!
RKFS is the best choice if you are looking to open a Demat Account instantly. It takes only 15 minutes to complete the entire process online
RKFS employees were so helpful throughout opening an account that it took me less than 20 minutes to complete.
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This plan allows me to invest in funds, which is the best decision I have ever made.
RKFS Team, thank you so much.
SIP plan is an excellent option for those who want financial security
I did my lumpsum investment during initial days of the pandemic, the team was there to support even when they were all working from home, my investment was done very promptly, and I am earning a good return on it. Thanks team RKFS-
RKFS is an easy-to-use platform. I started investing in two plans. Both have great features. But the SIP plan was my favorite. It allows you to invest in funds easily. This plan allows me to invest and earn returns. RKFS has delivered an exceptional performance-
The website of RKFS is easy to navigate. I can check all my transactions and holding by logging in to my account using the website
I got a SIP plan that would allow me to invest longer. The plan appealed to me because I wanted to maximize profits for a long-term investment of 10-12 years. The sanjhi poonji app is easy to use and one can track the investment in a go. RKFS, thank you
RKFS helped me obtain the SIP plan. They gave me a detailed explanation of the plan. The excellent returns and the monthly payment plan are very easy for me to manage. They are always available to help me if I have any questions
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They were very professional and pleasant to work with RKFS team members were extremely helpful and recommended great investment plans according to the client's needs. Their phone manner was polite and helpful; they listened well and provided me with a great deal on an investment plan
RKFS made it easy for me to purchase a SIP plan last month. The process was made easy by their excellent mutual fund team. Their executive called me after I had registered my contact information online. The whole process was very easy. RKFS, thank you so much.
I am one of RKFS's old client, the team help me every time I want to apply for an IPO. Though the bidding is completely online and to be done by the client himself the team is always there to help me
I wanted to invest in funds that were relatively safe. RKFS helped me to learn about low-risk funds. RKFS provides excellent customer service
Through RKFS, I have gained extensive knowledge about various SIP plans. I wanted to make investments that would provide high return on investment. With the help of RKFS team, I could identify plans that fit my needs. RKFS's services exceeded my expectations.
Recently, I stared the SIP investment both for myself and my wife. The team is very supportive and polite and answer all the queries and questions with patience and clarifications. It's a long-term investment with many benefits. Much appreciated
I did my lumpsum investment during initial days of the pandemic, the team was there to support even when they were all working from home, my investment was done very promptly, and I am earning a good return on it. Thanks team RKFS
I wanted to invest in SGB and called Mr. RK Gupta who is the chairperson of RKFS, he informed me that today the tranche is closing, within 15 minutes the team opened by demat account, registered me on BSE STAR and within an hour my investment in SGB was done. Everything was online, commendable team RKFS
The trading team is always there to support the clients, I am connected to RKFS since last many years, the team also try to give the best advice and help in decision making
The newly launched tradium app for trading is user friendly, now I can do my intraday day trade myself in a go
I am a connected with RKFS since more than 30 years, I am connected as an AP with them the transparency, support and the ethics of the team flows from Mr Rk Gupta JI (bhai sahab ) to each and every team member.
Connected with RKFS is a matter of pride and joy for us as we are working day and night together is collaboration with RKFS since more than last 25 years to make the future of our clients financially safe and secure. The second generation in the family that is the son and daughter of Mr Rk Gupta have inherited the vision , ethics and foresight from their father in a very refined manner
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A Demat account is an account that holds financial securities in electronic form.
A demat account helps investors hold shares and securities in an electronic format. This account is also called a dematerialised account.
In India, Demat accounts are maintained by two depository organisations, NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
Regular Demat Account: For the investors/traders who reside within India.
Repatriable Demat Account: For the NRIs. Funds can be transferred abroad. It requires an associated NRE bank account.
Non-Repatriable Demat Account: For the NRIs. The fund cannot be transferred abroad. It requires an associated NRO bank account.
A Demat account helps keep your equity, mutual fund, bonds, and other financial assets safe and secure in an online electronic environment. With a Demat and trading account, you can not only invest in upcoming IPOs of companies but also other financial instruments. Demat account enables easy and quick share transfers, secure storage with zero risk, can be accessed anytime from anywhere through the internet, very less paperwork involved.
Any individual resident of India, HUF, NRI, proprietary firm, partnership firm or company can open a Demat and trading account.
Duly filled Demat account opening application form.
Duly filled KYC application form.
A passport-sized photograph.
A photocopy of your PAN card.
A photocopy of your proof of identity & address, which can be anyone of the following. (Aadhaar Card, Voter’s ID, Passport or Driving license).
With RKFS, you don’t have to pay any Demat account charges for opening an account.
You can open multiple Demat accounts under your name if the Demat accounts are not with the same Depository Participant (DP).
Enter the email ID, fill mandatory details, and submit the OTP received on your email
Yes, a demat account can be opened in single or joint names. However, a demat account can have a maximum of three account holders - 1 main holder and 2 joint holders.
Yes, a Demat account can be opened in single or joint names. However, a Demat account can have a maximum of three account holders - 1 main holder and 2 joint holders.Of course, It is certainly possible to open a Demat account for NRI. But to do so, you will have to possess either an NRO or NRE bank account and submit a Portfolio Investment Scheme letter of approval from the Reserve Bank of India along with your Demat account application form and other supporting documents.
Yes, you can hold a Demat Account without a Trading Account but Demat Account is only to hold your shares. If you want to buy or sell your securities, you will need a trading account.
Yes. If you intend to sell the shares that you hold, you will need to link your Demat account with your Trading account.
Just like a Joint Bank Account, a Joint Demat Account is a shared Demat account in between two or three individuals. Only one demat account holder is registered as the primary account holder, while the other account holders become secondary account holders.
It takes only 15 minutes to open a Free* Demat account with RKFS.
Yes. If you intend on applying for an IPO in India, it is mandatory to hold a Demat account. However, the choice for a trading account is optional.
No, it is not mandatory to hold a DEMAT Account for mutual fund investment, but we suggest investors to have a demat account for mutual fund investments to track all investment in one go.
Just visit our website, select account closure, and raise a request.