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Pure Broking (Your Financial Broker)

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A dematerialized or demat account is a facility that allows investors to hold shares in an electronic format. This is similar to a bank account, where you keep your money. In this case, a demat account holds the certificates of your financial instruments like shares, bonds, government securities, mutual funds and exchange traded funds (ETFs).

You need a demat account before you start to trade on India’s stock exchanges.

What does Pure Broking offer?

At Pure Broking, you can open both demat as well as trading accounts either independently or at the same time. This is called a two-in-one account. Pure Broking also offers a three-in-one account – demat, trading as well as a bank account, together with Kotak Mahindra Bank Limited. This means, you won’t have to open three accounts separately, but instead do so with a single application form. Also, you won’t have to manually transfer money to your trading account from your bank account. The required funds get credited automatically.

How to open a Demat Account with Pure Broking?

Pure Broking is a depository participant – the intermediary between CDSL , and you. It is very easy to open a demat account with Pure Broking. Here are the key things that you require:

What are the benefits?

CUTS PAPERWORK

Since all your certificates are electronic, transactions are less cumbersome. You never have to deal with the physical documents and the related paperwork. When you trade shares or other financial instruments, there is no need to actually hand over certificates to the buyer or seller.

LESS RISK

When you are dealing with physical copies of certificates, there are many risks involved like fake securities, bad delivery, incomplete paperwork, or simple destruction of the paper or ink. In the demat form, certificates last longer and you eliminate these risks.

LOW COSTS

Dealing in physical securities involves a lot of additional costs such as handling expenses, stamp duty as well as for safety. These are very hard to determine beforehand. All these are eliminated when maintaining a demat account. Also, all costs are detailed in advance.

INSTANT

Since we are dealing in the electronic format, delivery is completed within a few days. Earlier, this used to take weeks, if not months. This means transactions become seamless and inexpensive.

ACCOUNT CHARGES

Several charges apply while operating the demat account. These are transparent and you (the account holder) must know these upfront. We mention below the exact charges along with the attendant conditions, so that there is complete clarity.

Here are some things to know about demat account

ELECTRONIC CERTIFICATE

There are three key requisites for trading in the stock market – a bank savings account, trading account and a demat account account. When you buy a share, you own a portion of a company’s assets. To prove your ownership, you are given a certificate. Today, this certificate is electronically available in your demat account or demat_accounterialized account.

CENTRAL DEPOSITORY

For this reason, the first step of trading in the equity market is creation of a demat account . There is a central database of all demat account accounts. It is called a depository.There are two depositories – CDSL and NSDL.

DEPOSITORY PARTICIPANTS

Banks, brokers and financial institutions are empowered to offer demat account services. They act as the intermediary between the central depository and the investor, and are called depository participants (DPs). This means, CDSL and NSDL hold details of your shareholding on your behalf, just like banks hold your money in different kinds of accounts.

TRANSACTION IDENTIFICATION

Just like the demat account, a trading account is a must for investing in the stock market. You register for a trading account with a stock broking firm. Each account comes with a unique trading ID, which is used for conducting transactions. To conduct a trade, you deposit some money in your trading account. This is linked to your demat account. Using the money in your account, you place an order for a stock. Once the order is processed, the stock exchange identifies that the order belongs to you using your unique trading ID. It then forwards the shares to your demat account

PORTFOLIO HOLDING

At any time, your demat account reflects the details of your portfolio. This includes stocks, bonds, mutual fund units, Exchange Traded Funds (ETFs) , as well as government securities in electronic form. So, whenever you invest by buying stocks, it will be credited to your demat_account account. Similarly, if you sell any of your holdings, these will be removed from your account.

NO MINIMUM BALANCE

A bank account requires a minimum balance. However, this is not so for demat_account. There is no minimum number of securities required to keep the account rolling.

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Attention investors
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"Prevent unauthorised transactions in your account --> Update your numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day ...... Issued in the interest of Investors."
Registered/Corporate Office AddressO-402,Milestone Leone,Athwagate,Nanpura,Surat-395001,Gujarat
Pure Broking Pvt. Ltd: Member of NSE & BSE – SEBI Registration no.: INZ000018531
CDSL: Depository services through Pure Broking Pvt. Ltd. – SEBI Registration no.: IN-DP-116-2015
Mutual Fund:Mutual fund services through Pure Broking Pvt.Ltd–AMFI Registration no:ARN-110016
For any complaints pertaining to securities broking please write to complaints@purebroking.com, for DP related to dp@purebroking.com. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI
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