+91 22 62 43 43 43   

  • Call Me
  • Open Account
    • Open an Account
    • Fill Online Application
  • Margin Calc
  • IPO
  • Trading Login
    • ProStocks STAR
    • ProStocks Star Colo
    • ProStocks Star Web (Beta)
  • Backoffice Lite
ProStocks.comProStocks.comProStocks.com
  • Login
    • ProStocks STAR
    • Backoffice Lite
    • Backoffice Advance with Silver Light
  • Home
  • NRI
    • NRI Trading
    • Non-PIS NRO Trading
    • NRI Brokerage Calculator
    • NRI FAQs
  • API
    • ProStocks Star API
    • API Documentation
    • API SDK
  • Pricing
    • Pricing Plans
    • Brokerage Calculator
    • Margin Calculators
    • Trading Account Charges
    • Demat Account Charges
    • Stamp Duty Charges
  • Why Us
    • Why ProStocks?
    • Compare Brokers
    • Refer & Earn
    • Become a Partner
  • Trading
    • Trading Platforms
    • Collateral Pro
    • Fund Transfer
    • Trading Holidays
    • Minor Account
    • HUF Demat Account
    • FoxTrader
    • CDSL eVoting
  • Support
    • Contact Us
    • FAQs
    • Downloads
    • User Guide
    • Advance IVR
    • Blog
    • Press & Media

Return To ProStocks

  1. ProStocks
  2. Support
  3. FAQs
  4. Demat
Demat
21 June 2017
Hits: 17742

Why do I need demat account?

Depository Beneficiary Account is popularly known as Demat Account. Demat Account is like an electronic locker to keep securities in electronic (dematerialised) form.

Securities like Bonds, Debentures, Equity Shares, Preference Shares or any securities having ISIN can be held in Demat Account. Securities having ISIN can be held in Demat Account even when they are not listed on any Stock Exchange. Client opting for equity segment (cash market) in Trading Account are mandatorily need to have Demat Account. Demat Account is to be open with Depository Participant (DP) of either CDSL or NSDL.

ProStocks is Depository Participant of CDSL and can open your Demat Account. Your Stock Broker can also be your DP. All Stock Broker are not DP.

People in this conversation

  • Team ProStocks

Comments (6)

Sort by Oldest First
Sort by Latest First
Subscribe:
Email
  • Guest - Ramesh

    about 7 years ago

    Can it not be done ( transfer from trading account to Bank) online in the trading account as the transfer from Bank is done online

    http://maps.google.com/maps?z=15&q=,
    Share
    Short URL:
    Permalink
  • Team ProStocks

    Guest - Ramesh
    about 7 years ago

    Yes. Transfer of securities from one Demat Account to another Demat Account is possible similar to transfer of funds from one Bank Account to another Bank Account

    http://maps.google.com/maps?z=15&q=,
    Share
    Short URL:
    Permalink
  • Guest - RAHUL S

    about 7 years ago

    how can i login to prostocks demat account??

    http://maps.google.com/maps?z=15&q=,
    Share
    Short URL:
    Permalink
  • Team ProStocks

    about 7 years ago

    You can login to back office from back office login on top right hand on our website and can see your Demat Account . You can also go through the below given blog on our website .
    http://www.prostocks.com/blog/197-what-is-easi-easiest-facility-to-monitor-and-transact-through-demat-account-and-how-to-register.html

    Comment last edited on about 7 years ago by Rakesh Rakesh
    http://maps.google.com/maps?z=15&q=,
    Share
    Short URL:
    Permalink
  • Guest - Sakthivel

    about 6 years ago

    Whether "Prostocks" support investment in "Non Convertible Debentures (NCD)?

    http://maps.google.com/maps?z=15&q=,
    Share
    Short URL:
    Permalink
  • Team ProStocks

    Guest - Sakthivel
    about 6 years ago

    Yes. You can invest in all instrument listed on Stock exchanges including Bonds , NCD , ETF etc .

    http://maps.google.com/maps?z=15&q=,
    Share
    Short URL:
    Permalink

Stickies

Lovies

Login to post a comment

Register · Forgot password

Post comment as a guest

    0

    Popular FAQS

    • What is KRA, KYC and IPV?
    • What is DP ID and beneficiary ID in Depository?
    • Who can open account with ProStocks?

    Categories

    • Account Opening
    • Trading
    • Demat
    • Fund Transfer
    • NRI FAQs
    • Back Office
    • Margin
    • Pricing

    Request Call Back



    Please check the reCAPTCHA box.


    • About Us
    • Fund Transfer
    • Fund Transfer FAQs
    • Downloads
    • Sitemap
    • Testimonials
    • Trading Holidays

    Need Help?

    Mumbai Office:
    B-50, Pravasi Estate, Goregaon (East), Mumbai - 400063

    Call us on +91 22 62 43 43 43 / +91 22 46 60 77 77

    Email: [email protected]

    Sunlight Broking LLP
    Registered Office:
    327, Govindam Tower, Old RTO Road, 3rd Floor, Gandhi Nagar, Bhilwara, Rajasthan, India 311001

    Registration Numbers:
    SEBI Regn. No.: INZ000048660 INDP2802016 | BSE Member code: 6635 | NSE Member code: 90084 | CDSL DP ID: 12083200 | AMFI Registration No (ARN): 119535


    Attention Investors

    Prevent unauthorized transactions in your demat account. Update your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your demat account directly from CDSL on the same day.
    Prevent unauthorized transactions in your trading account. Update your mobile numbers/email address with your stock brokers. Receive information of your transactions directly from the Exchange on your mobile/email at the end of the day. This is issued in the interest of investors.
    Client Registration Documents in Vernacular Languages can be download from here.
    Facility of Clearing Corporation for verification of Client Collaterals , please register on this link
    Investment in stock market are subject to market risk.
    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.
    KRA-KYC is one time exercise while dealing in securities markets - once KRA-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. As a business we don't give stock tips, and have not authorized anyone to trade on behalf of others. If you find anyone claiming to be part of Sunlight Broking LLP and offering such services, please send us an email to [email protected]

    Investor Grievance: NSE | BSE | SCORE | SMARTODR | CDSL | [email protected]

    Privacy Policy | Disclaimer | Management Policy and Procedure | Investor Charter | Risk Disclosures on Derivatives | KMP Details | Procedure for Filling of Complaint | CKYC | Voluntary Freezing | NATIONAL FINANCIAL LITERACY QUIZ (NFLQ)

    • NSE
    • |
    • BSE
    • |
    • RBI
    • |
    • AMFI
    • |
    • FM
    • |
    • CDSL
    • |
    • SEBI
    © , ProStocks

    ProStocks, A Sunlight Broking LLP Venture

    Please wait while we are processing your request.

    Loading...
    • Login
      • ProStocks STAR
      • ProStocks Star Web (Beta)
      • Backoffice Lite
      • Backoffice Advance with Silver Light
    • Home
    • NRI
      • NRI Trading
      • Non-PIS NRO Trading
      • NRI Brokerage Calculator
      • NRI FAQs
    • API
      • ProStocks Star API
      • API Documentation
      • API SDK
    • Pricing
      • Pricing Plans
      • Brokerage Calculator
      • Margin Calculators
      • Trading Account Charges
      • Demat Account Charges
      • Stamp Duty Charges
    • Why Us
      • Why ProStocks?
      • Compare Brokers
      • Refer & Earn
      • Become a Partner
    • Trading
      • Trading Platforms
      • Collateral Pro
      • Fund Transfer
      • Trading Holidays
      • Minor Account
      • HUF Demat Account
      • FoxTrader
      • CDSL eVoting
    • Support
      • Contact Us
      • FAQs
      • Downloads
      • User Guide
      • Advance IVR
      • Blog
      • Press & Media

    Request Callback for New Account

    Please check the reCAPTCHA box.

    Call Me Now

    For NRI callback, please submit request from NRI Trading