Raghunandan Money – Investment Khushiyon Ka.

Open A Demat Account & Start Trading With Rmoney

Depository Services

Raghunandan Money Demat account is your gateway to a safe, secure, hassle free & customer friendly services for investing into various investment products like shares, mutual funds, IPOs, bonds, NCDS etc. Your Raghunandan Money Demat account can be linked to your Trading Account, giving you a seamless trading experience. For trading in stocks, Demat is mandatory & hence before you think of trading, you have to open a Demat account.

Raghunandan Money Demat Account offers you power packed features which make it more rewarding:

  • Digitally Signed E- Statements & bill of your accounts to keep you posted on your Demat Account transactions.
  • Online 24*7 access to your Raghunandan Money Demat account
  • Get corporate benefits like dividends, bonus, interest etc directly in your Demat & you can even track them online.
  • Free Account Opening & AMC Free plans make it a zero cost thing for you
  • Avail doorstep services for a delightful experience without wasting time

What is a Demat account?

In simple words “Demat” means “de-material” or something which is not material or we can say electronic. A Demat account is an electronic account to hold shares & other permitted financial investments without having the physical receipts or certificates. To make it easier to understand, Demat account is like your Bank Account but in your Bank Account you keep money whereas in Demat Account you keep shares. Today, Demat account is mandatory to trade into Indian stock markets and hence the first step to invest or trade in equities or stock market is to open a Demat account. Similar to a Bank Account where you keep your money money, make payment, transfers etc, in your Demat account you can to buy or sell stocks, mutual funds, bonds etc. Demat Account is just like bank account where actual money is replaced by shares. Like you get a cheque book in case of bank account to facilitate funds transfers, in case of Demat account you receive a DIS (Delivery Instruction Slip) booklet which serves the same purpose of transferring holdings across different Demat accounts. When you open a Demat account, you don't need to have possession of any physical certificate showing that you own these shares. They are all held electronically in your Demat account & whenever you buy or sell the shares, they are adjusted in your Demat account

Who can open a Demat account with Raghunandan Money?

Raghunandan Money opens Demat accounts for all the categories as permitted in regulations. A Demat Account with Raghunandan Money can be opened & operated by an Individual whether an adult or a minor, Resident or NRI, HUF, Trust, Corporate. In case of a Minor account, the guardian has to be appointed & documentation for guardian is to be completed as well. In case of HUF, the Karta of HUF is the signatory of the account whereas in case of Trust & Corporate, the authorized signatory can operate the Demat account.

In case of Individual Demat account, it can be opened in single or joint name but the mode of operation is always both. In other words, if there are two or three holders in the Demat account, all the holders would necessarily have to sign on the delivery slip (DIS) while doing any transaction of transfers.

How can you open a Demat account with Raghunandan Money?

Opening a Demat account is as simple as opening a bank account & opening Demat account with Raghunandan Money is even easier. We are just a call away to help you complete the account opening. The Demat account opening process is as below:

  • Register on Raghunandan Money website or through SMS or missed call alerts or send a mail to us. Our Customer service team will call you to explain about Demat services & schedules your meeting with our Relationship Manager
  • Relationship Manager comes at your door step to help you complete the KYC & fill the Demat Account Opening form
  • You have to submit the necessary documents – PAN Card copy, Identity Proof, Address Proof & Photographs
  • Provide bank documents for the bank account which will be mapped to your DP
  • Raghunandan Money will verify the documents & process your application
  • Your Demat account will be opened & you will get a unique client id which is also known as Demat account number
  • In case you have opted for a trading account also, the same will be opened & linked to your Demat accountv
  • You will receive your DIS (Delivery Instructions Slip) book through post or courier

When you open Raghunadan Money demat account, who manages the Demat account?

When you open a Demat account with Raghunandan Money, this account is owned by you (account holder) where as it is managed by the Depository & Depository Participant. In the entire process of Demat Account there are parties involved:

  • Investor – That is you, who open the Demat account. Investor is also referred as a Client or Account holder or Beneficial Owner (BO).
  • Depository – Depository is an institution or a kind of organization which holds securities with it, in which trading is done among shares, debentures, mutual funds, derivatives, commodities etc. Fundamentally, There are two depositories in India - National Securities Depository Limited (NSDL) and Central Depository Service (India) Limited (CDSL)
  • Depository Participant – A Depository Participant (DP) is an intermediary between the investor and the depository – either NSDL or CDSL. A DP is typically a financial organisation like a bank, broker, financial institution, or custodian acting as an agent of the depository to make its services available to the investors. Each DP is assigned a unique identification number known as DP-ID. Raghunandan Money is a Depository Participant with CDSL & when you open a Demat account with Raghunandan Money, the relationship spans you, CDLS & us as a DP

What transactions can be done through Raghunandan Money Demat account?

The usage of Demat account or the transactions that you do in your Demat account can be primarily classified into 4 types

Dematerialisation – Dematerialisation means converting your physical share certificates to electronic form. If you have any of the share certificates which are available with you in hard copy today, you may deposit it to Raghunandan Money Demat desk & get it converted into electronic form. The entire process takes around 15-20 days and you no more require keeping the certificates as all the holdings will come in your Demat account itself

Rematerialization – It is just opposite of Dematerialization. If you have a Demat account & tomorrow in future, you wish to convert the securities in your Demat account back into physical hard copy format, you may do it through Rematerialization

Transfer – The term transfer of securities means change of beneficial ownership. From your Demat account you may electronically or physically transfer holdings into a Demat account in your name or someone else’s name as per your instructions

Trade Settlement – If you hold a trading account with Raghunandan Money as well, whenever you buy or sell, the shares or mutual funds or bonds etc get adjusted into your Raghunandan Money Demat account directly

What are the advantages of Demat account with Raghunandan Money?

The key benefits of Demat account are:

  • First major benefit is that you do not need to hold shares or securities in physical form or hard copy rather they are kept in electronic form. Hence the risks of losing shares due to theft, or damages are eliminated
  • You can have instant transfer of stocks from one Demat account to another, similar to the funds flowing between bank accounts
  • For buying and selling shares or stocks it is mandatory as when you buy the stocks come directly to your Demat account & in selling they are going from your Demat account. So the whole trading & settlement process becomes fast which in turn increases the efficiency and effectiveness of stock market
  • Since stocks are hold in electronic form, hence at the time of transfer, there is no stamp duty on transfer of securities which reduces the transaction costs for you
  • The myth is that Demat account is only for shares but the fact is you can not only keep equity shares but you can keep mutual funds, gold exchange traded fund, preference shares in it which makes it easier for you to keep track of your investments.
  • With the facility of Demat account, you can even trade for 1 share also which was not the case when you hold them in paper form as you were supposed to buy in lots/certain quantity.

What are the charges of a Demat account?

Though there are some charges associated with Demat account, still looking at the advantages it brings along, the cost of Demat account is negligible today. For opening & maintaining a Demat account you generally need to pay 4 types of charges:

  • Account Opening Charges – This is a onetime charge payable at the time of opening of your Demat account but generally the Demat Account Opening is free
  • Annual Maintenance Charges – This is a recurring fee which is payable every year. The Annual Maintenance Charges (AMC) typically varies from INR 200 to 800 per annum depending on what plan you opt for. Raghunandan Money DP also offers lifetime AMC plans where you pay onetime fee for your Demat account & no yearly fee is billed to you
  • Demat & Remat Charges – When you convert any physical share certificate to electronic form (Demat) or vice versa from electronic to physical form (remat), you need to pay the charges per request & per certificate, which varies from DP to DP
  • Demat Transaction Charges – In your Demat account, if shares are coming inwards (credited to your Demat account), no charges are levied whereas all outwards transactions meaning shares going out of your Demat account (debited from your Demat account), you are charged some transaction charges in the range of INR 10-20 or approx .02% of the value, but again it varies as per the DP where you have your account

Raghunandan Money offers you Demat accounts with a freedom to opt for a plan & charge structure yourself. While opening account, you can go through the schedule of charges in the account opening form & select the one which is ideal for you

What are the different types of Demat accounts offered by Raghunandan Money?

Broadly classifying there are 2 types or categories of Demat Accounts: Basic Service Demat Account (BSDA) & a Regular Demat Account. A basic service Demat account is ideally meant for new entrant to the equity markets where as regular Demat account is a full feature Demat account suitable for average investors & traders. Within Regular Demat account or generally called as Demat Account, different DP offer different plans within which there are a few differences on some services, charges or other parameters. While opting for a Demat plan, you should analytically figure out which plan suits you the most & accordingly opt for it. Call us now to help you select the right Demat account for you.

What is the role of Demat Account for trading?

As already stated, a Demat account is mandatory to trade in Indian Stock Markets as physical trading is no more done on our exchanges. The buying or selling of securities or in other words trading is the outcome of a relationship between bank account, Demat account & share trading account. All these three accounts are mapped to each other to facilitate the entire trading process.

To make it simple, you can only store, Demat or remat securities in your Raghunandan Money Demat account. For buying and selling shares, you need to have a Share Trading account with any SEBI registered broker like Raghunandan money. In other words, a Demat account is like a storage facility while a Trading Account is the transacting medium to buy and sell shares. Your share trading account may be an Online Trading account or an Offline Trading account as opted by you, but whether online or offline; it can be linked to your Raghunandan Money Demat account directly. Raghunandan Money Trading account is an interface between your Bank account and your Raghunandan Money Demat account. When you buy something, at first you transfer money from your bank account to your Raghunandan Money Trading account & then using your trading account you buy your desired shares or mutual funds.

To know more on trading, please visit Equity section.

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