In India, a demat account, the abbreviation for dematerialized account, is a type of banking account which dematerializes paper-based physical stock shares. Conversion of Securities from Physical (Paper) Mode into Electronic Mode is Called Dematerialization. The Client opens Demat Account with any DP. Upon Demat, the Certificates are destroyed and credit entry of exactly equal number of Securities is created in Depository in Electronic mode. The B.O. account of holder is credited and the securities lose their identities. The dematerialized account is used to avoid holding physical shares: the shares are bought and sold through a stock broker.
This account is popular in India. The market regulator, securities and …show more content…
2. Broking firm with which investment is done
Table2: Table showing Broking firm with which investment is done
Fig7: Graph showing Broking firm with which investment is done.
Interpretation: Many people are associated with Reliance Securities Ltd.
ANALYSIS OF DATA
Brokerage for Delivery
Brokerage for Intraday
R K Global Shares &Securities brokerage charges
0.20% - 0.30%
0.02% - 0.03%
SBICAP Securities brokerage charges
Sharekhan brokerage charges
0.03% - 0.50%
0.03% - 0.10%
Motilal Oswal brokerage charges
0.30% - 0.50%
0.03% - 0.15%
5 paisa brokerage charges
0.25% - 0.85%
Angel Broking brokerage charges
0.02% - 0.03%
ICICI direct brokerage charges
Indiabulls brokerage charges
0.25% - 0.50%
0.05% - 0.10%
HDFC Securities brokerage charges
UTI Securities brokerage charges
Religare brokerage charges
0.02% - 0.03%
Reliance Money brokerage charges
India info line brokerage charges
India adopted the Demat System for electronic storing, wherein shares and securities are represented and maintained electronically, thus eliminating the troubles associated with paper shares. After the introduction of the depository system by the Depository Act of 1996, the process for sales, purchases and transfers of shares became significantly easier and most of the risks associated with paper certificates were mitigated.it was Easy
The Indian Act document signed in 1876, resulted in the first nation people to give up their land, religion, culture, and rights. The government wanted the first nation people to give up their Indian status and be them, follow their culture.
24. How can Indian banks use legal recognition of digital signature for development of business.
Also it is difficult for users to use it and understand clearly, and the lack of regulatory framework. By contrast, the new standard (AASB 15) fills the deficiencies of the previous standards, analyzed provisions. On the basis of simplified the procedure of obtain information; AASB 15 adds more details of the transaction information. Based on the content that mentioned above, those two previous standards (AASB 118 and AASB 111) have been replaced by the new standard
With the aid of relevant sources and appropriate research methodology, the researcher wishes to answer the question, “How adoption of IT did solved an existing banking problem of the Royal
The introduction of financial sector reforms in India has led to innovations in financial markets and instruments. One of the most prominent developments in the international finance in recent times that is likely to assume even greater importance in future is ‘securitisation’. Securitisation is the process of pooling and re-packaging of homogenous illiquid loans into marketable securities. Increased pressure on operating efficiency, on market niches, on competitive advantages, and on capital strength, all provide fuel for rapid changes. Securitisation is one of the solutions to these challenges. 2. Reserve Bank of India, as a facilitator, has attempted to explore the intricacies of securitisation as a process of
One of the newest stock exchanges is the NASDAQ, which stands for the National Association of Securities Dealers Automated Quotations. It was the world’s first electronic stock when it was founded in 1971. Now it has trading, clearing, exchange technology, listing, information and public company services from six continents. The Nasdaq has over 3,600 listed companies, a value of approximately $9.6 Trillion and more than 10,000 corporate clients. The technology that is behind the NASDAQ is now used in over 50 countries. It is so widespread that one out of every ten transactions happens in NASDAQ’s security transaction program.
It is a market where short-term funds with maturity ranging from overnight to one year in India which are close substitutes of money even the financial instruments. It had diversified from conventional platform of treasury bills and call money to commercial paper, certificates of deposit, repos, forward rate agreements and most recently interest rate swaps.
There are many advantages of using Advance Information Technology management in business. One of the advantages of using Advance Information Technology management is able to protect and store important information of a company. Advance Information Technology managementhelps to protect the company's valuable records by using electronic storage systems. According to the Graziadio Business Report, Advance Information Technology management are manage to secure the maintenance of customer’s fileswhich are important to an organization or business integrity. Moreover, Advance Information Technology management also helps to improves data storage and file management of an organization. For example, Advance Information Technology management allows businessesusing
In the depository system, securities are held in depository accounts, which are similar to holding funds in bank accounts. Transfer of ownership of securities is done through simple account transfers. This method does away with all the risks and hassles normally associated with paperwork. Consequently, the cost of transacting in a depository environment is considerably lower as compared to transacting in certificates. In August 2009, number of Demat accounts held with NSDL crossed one crore.
Like in the case of all business entities, banks want to safeguard against risks, as well as the competition which is ever growing. Also to exploit the available opportunities indicated by the existing and expected trends. M&As in the banking sector have been on the rise in the recent past in India. In this backdrop this article illuminates the key issues surrounding M&As in this sector with the focus on India. It seeks to explain the need
Income from Depository Services: A kind of organization which keeps investors ‘securities in electronic form is called depository. The depository gives services to clients pertaining to various transactions in such securities. Depository Participants keeps investor’s accounts (Demat accounts) which are as same as Savings Bank/Current accounts in a Bank. Trading of securities are done through demat account. Currently in India two depositories operates through NSDL (National Securities Depository Limited) and CDSL (Central Depository Services
Apart from that the respondents felt RICB Multifaceted Business structure is one of the company’s existing strength thus the adoption of electronic payment platform will provide customers the convenience of investment, insurance, and social security’s services under one umbrella. With the introduction of this electronic mode of transfer of funds, the inconveniences and delays associated with the current cash and other paper based transfer of funds such as cheques and drafts shall be minimized as the participants will be able to settle their transactions efficiently and faster(RMA,
a concessional basis, but acting on the principle of unitary control, all these pseudo stock exchanges were refused recognition by the Government of India and they thereupon ceased to function.
* System of debits and credits was used in ancient times – rise of proprietor and proprietorship allowed use of all financial elements of trade rather than just a system of record keeping