What are the benefits of opening a CDSL demat account?
a) The unique centralized database of CDSL enables DPs to debit/credit securities instantaneously to the BO's account.
b) CDSL allots a unique demat account number to each investor, which ensures debit/credit of securities only to the intended account. Thus, if an account number is keyed in incorrectly, CDSL system will not effect the transaction.
c) CDSL offers a settlement facility to its BO's under which securities sold or purchased by them, through any broker on BSE/NSE, can be directly debited/creidted in their pool account without routing it, through the broker's pool account.
d) The cost for settlement of securities through CDSL is lower in most cases. Thus, BOs can expect a lower charge in respect of securities held in CDSL accounts.
e) Investors can monitor and access their holding and the status of their transactions in their accounts through CDSL's internet based facility 'easi'. Further, using CDSL's internet based facility 'easiest' BOs can also submit settlement instructions through the internet.
