Question:

What are benefits of opening PNB India demat account?

by Guest7065  |  10 years, 7 month(s) ago

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I want to open PNB  India demat account. I want to know its benefits?

 Tags: account, benefits, demat, India, pnb

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1 ANSWERS

  1. Guest3069
    Benefits of opening PNB India demat account are given below.

        * Quick transfer of securities

        * No stamp duty on transfer of securities

        * Elimination of risks associated with physical certificates such as bad delivery, fake securities, etc

        * Reduction in paperwork involved in transfer of securities

        * Reduction in transaction cost

        * Nomination facility

        * Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately

        * Holding investments in equity, debt instruments and Government securities in a single account

        * Automatic credits into demat account, of shares, arising out of split/consolidation/merger etc

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