Open a DEMAT account online with GEPL Capital

Tax-efficient investing refers to the practice of taking the impact of taxes into consideration when making investment decisions. For instance, reviewing a portfolio for tax-loss harvesting opportunities or considering the tax status of an account before withdrawing money from it are examples of tax-efficient investing practices.

A demat account is like a bank account for your shares and stocks in which the shares/stocks are held in an electronic format. Demat accounts make it much easier to own and trade stocks, shares, mutual funds, ETFs by eliminating the hassles of lengthy paperwork. Demats have streamlined the process of owning and holding shares.

Note that a demat account and trading account are not the same. A demat account is usually accompanied by a trading account, which is required for purchasing and selling stocks in the share market. So, a trading account is used to buy and sell shares while a demat account is used to hold them. Like a bank account, where money is debited and credited, shares are debited and credited from a Demat account.

- Share Transfer: Demat accounts are used to transfer the share holdings of an investor.

- Loan Facility: If you hold securities in your demat account, you have access to loan facilities. Securities function as collateral.

- Dematerialisation and Re-materialisation: With an active demat account, conversion of securities into different forms is an easy task. You can convert physical shares into electronic ones or vice versa.

- Availing Corporate Benefits: With demat accounts, you can avail of the benefits associated with holding securities. For example, when a company provides dividends, interests or refunds to its investors, demat account holders can access these benefits immediately.

- Choose a Depository Participant (DP)* with whom you would like to open an account.

- Fill the account opening form. Carry all your original documents with you.

- The DP will provide you a copy of all the terms and conditions and the charges that will be levied for the services.

- After the form is processed, you will be given an account number/client ID and a password by the DP. These details would be required to access the demat account online.

- You can operate your demat account without holding any securities. Also, there is no hassle of maintaining a minimum balance either.

• Proof of Income: Photocopy of Income Tax Return (ITR) Acknowledgment slip, salary slip, certificate of net worth are accepted as proof of income.

• Proof of Identity: PAN card, Aadhar, Voter ID, Driving License, Passport are all accepted. Identity cards issued by the Central/State Governments, statutory bodies, public sector undertakings, etc. are also accepted.

• Proof of Address: Passport, Voter Identity Card, Registered Lease or Sale of Agreement of Residence, Driving License, Bank Statement not older than 3 months, etc. The address provided in the name of the spouse is accepted as well.

There is no restriction on the number of accounts you can open.

No. The depository does not prescribe any minimum balance. You can have zero balance in your account.

Yes. If you authorise any person to operate your account by executing a power of attorney and submit it to your DP, that person can operate the account on your behalf.