Demat Account Update: Today we are telling you that if you have forgotten the password of your Demat account, then how can you start it again and how to login your account again.
Demat Account Password: For any account, it is important to remember the documents and password related to it. When it comes to the stock market, remembering the password becomes very important because this matter is related to your money. Today we are telling you that if you have forgotten the password of your demat account, then how can you start it again and how to login your account again.
You can reset password in this way
If you have opened your demat account through Angel Broking, then you will go to their site and click on forget password, after that you will be asked for user code mobile number, after which you can login again. You can do this by visiting the websites of different brokerage houses. Apart from this, you can also reset your password by calling the toll-free number of your brokerage houses or by mailing them on their official e-mail id.
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Purpose of opening demat account
The biggest reason for opening a demat account is to keep the securities in electronic form rather than in physical form. This reduces the chances of fraud and theft. By opening demat, you can easily buy, sell shares and you will not have to wait much for this. Demat accounts are safe.
Can I have more than one demat account?
You can have any number of demat accounts if you want. No legal action will be taken against you for holding more than one demat account. Having more than one demat account has some advantages but also some disadvantages. Having more than one demat account makes it difficult to remember their login ID.
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How to Close Demat?
First of all download and fill the account closure form through online mode. After this, sign that form in front of the Depository Participant (DP) officer. Explain that a brokerage firm or a bank can be a DP. Although no amount is involved in closing the Demat account (Demat A/c), it is a completely free process. Before closing the Demat account (Demat A/c), you have to keep in mind that the Demat account is not closed just by mailing online or making a request. For this, you have to go to the bank branch and fill a form and submit the necessary papers.
