Demat account is an account used to hold shares and securities in electronic format. In India,
there are 2 depositories, NSDL and CDSL. TECSTOX SECURITIES PRIVATE LIMITED is registered as Depository Participant with CDSL.
Benefits
Benefits of a Demat Account
No risk of loss, wrong transfer, mutilation, or theft of share certificates.
Hassle-free automated pay-in of your sell obligations.
Reduced paperwork.
Speedier settlement because of faster transfer and registration of securities in your account, increasing the liquidity of your securities.
Reduced transaction costs because there is no stamp duty involved in the transfer of shares.
Instant disbursement of non-cash benefits like bonus and rights into your account.