Nj wealth is a leading financial institution in India that offers an ordinary man a spectacular way to increase your profits by investing. With 95 branches in 21 Indian states Nj wealth DEMAT account is a gateway of assured profitable returns.
Our aim today is to provide you the completed and detailed guidance of opening a DEMAT account with Nj wealth and start trading today. Also, get to know about its benefits, importance and need. Sign in to excellent management techniques with NJ wealth DEMAT account today.
What is DEMAT Account?
DEMAT Account is a dematerialized account that provides you the facility to hold shares and securities in electronic form. It is mandatory to have DEMAT account in order to hold shares and make your online trading easy.
Start of all successful investments can be made through DEMAT account that secures your purchase of securities and deducts the ones that you sell. DEMAT account varies on the basis of volume it holds, type of subscription, and terms and conditions between depository and stockbroker.
Needs & Importance of NJ Wealth DEMAT Account
- Having DEMAT account increases your chances of wealth maximization by diversification.
- Get excellent assistance from the research team of the dedicated company i.e. Nj wealth.
- Charges to open DEMAT account are perfect and abide by all the current market standards.
- Get access to some really powerful tools integrated with high-end technologies.
Benefits of Nj Wealth DEMAT Account
The benefits of investing electronically with a DEMAT Account is that it makes the whole investing and monitoring procedure fast, convenient, and cost-effective. In today’s day and age, they are a must for financial planning.
1. Low Down the Risks
Opening DEMAT account prevent you from the various risk that is present in physical securities purchasing like thefts, damages, bad deliveries and so on. It enables you to hold all the in electronic form.
2. Easy to Hold
DEMAT account holders get rid of the tedious job of holding physical certificates and performance tracking. The electronic investments are easy to track from a single DEMAT account.
3. No Extra Expenses
Many extra expenses got eliminated with the investment through DEMAT account like stamp duty, handling charges and many other expenses that were present in traditional methods.
4. Time-Saving
DEMAT account has made the investment process a very time saving one as it reduced the time required for doing paperwork. Thus, the investor can invest their time in doing more productive tasks like more purchases, sales and tracking performances. The efficiency rate is increased ultimately.
5. Access from Multiple Platforms
DEMAT accounts can be accessed from various platforms like a computer, smartphones, and other smart devices just an internet connection is required.
6. Freezing of DEMAT Account
DEMAT account holders get the benefits of freezing their accounts thus preventing unexpected debit or credit into one’s DEMAT account. This option is also available on a specific quantity of securities in the account.
7. Other Benefits
DEMAT account holders get the benefit of automatic updates of corporate actions like bonus issues, stock split, right shares and so on. Also, the dividends, refunds and interest to investors are automatically available in DEMAT account.
Basic term related to DEMAT Account
(A)Dematerialization
Dematerialization refers to converting physical securities like stocks, shares, mutual funds, bond etc. into electronic form. It is necessary to prevent yourself from the risk of holding physical securities like theft of certificates, loss, delays in transfer and so on. Dematerialization prevents you from the hassle of conversion of physical certificated into electronic format.
(B)Unique 16-digit client ID
A unique 16-digit client ID is assigned to every DEMAT account holder. The first 8 letters are your DP ID and the last 8 characters is your Client ID. The DP ID and Client ID is a unique identification of the depository in which you have opened a DEMAT account. All your DEMAT transactions are identified with this DEMAT account number.
Documents Required For DEMAT Account
For Paperless Account Opening
- KRA KYC should already be done
- Aadhaar card
- PAN CARD
- Photograph
- Bank proof
- Account will be activated in just 1 hour
For Regular Account Opening
- For clients whose KRA KYC is not done
- KYC application
- PAN CARD
- Photograph
- Address proof
- Bank proof
- Account application will have to be physically signed and submitted to NJ branch
How to open a DEMAT Account?
Follow these given steps to open Nj Wealth DEMAT Account
1. Click on “Open DEMAT Account”
2.
Step-3 Fill up the entire E-Form and upload the required documents
Step-4 A reference no will be generated and an email will be sent to the client.
Step-5
Step-6 After clicking on the link in the email the client is able to see the entire form in editorial mode and can also modify the details and upload the documents before authorization.
Step 7 Client has to upload a declaration signed by all account holders. Without declamation e for will be not be considered as approved.
step 8
Step-9 On Submit, the client won’t be able to modify any details.
Step 10 Client can use any of the OTP or Biometric option for confirmation.
Step 11
Step 12
Step 13 As soon as OTP and Biometric matches, e-sign will be successfully done.
Step 14 Signature after authorisation of client.
Fees for opening Nj Wealth DEMAT account
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the DEMAT account opening charges? | Rs.300 |
| How much is the DEMAT Account AMC? | Free |
| What is the Trading Account AMC? | Rs.250 per Annum |
| What is the initial Margin amount required? | Minimum Rs.3,000 |
| Is there any dematerialization available? | Yes |
Nj Wealth DEMAT Account Annual Maintenance Charges
Annual Maintenance Charges AMC’s are mandatory charges that one needs to pay to broking house. These maintenance charges are kept by fund houses for accounts management. The AMC of NJ wealth trading account is Rs 343 per annum so it has to be paid once every year for the account that you hold.
Conclusion of DEMAT Account
DEMAT account has become mandatory for trading in stock market and securities. These accounts have made the entire process of buying and selling of shares smooth and secure. It eliminated the complications of paperwork dealing with securities. The given details makes the process for opening DEMAT account easy and quick with NJ Wealth. Register simply with the given steps and step into to market of investing in trading with DEMAT account.