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Demat Account
 
 
 

This is an efficient way of protecting and safeguarding all your shares and eligible securities by holding in an electronic and dematerialized form. NRIs can easily transfer shares from any other Demat account to NRI account. Also, this Demat account will help the NRIs to do online trading and invest their money in India.

NRI Demat Account: No special permission from the RBI is required by NRIs to open a Demat account, though specific cases may require authorization from the designated authorized dealers. NRIs require separate Demat accounts for securities under the foreign direct investment (FDI) scheme, which is repatriable.

When an NRI returns permanently to India, he must inform his designated authorized dealer of his new status, and request him to open a new account. The securities held in the NRI Demat account needs to be transferred to the new resident Demat account and the NRI Demat account gets closed.

Advantages of having a Demat account:
  • Elimination of problems associated with physical certificates
  • Saves stamp duty, paperwork on transfer deeds
  • Gives immediate benefits from bonus shares and stock splits
  • Way to get your money/shares faster
  • Convenient mode of transacting shares
  • Avoids delays due to wrong/incorrect signatures, post, and misplacement of certificates
  • Prevents risks like forgery and counterfeit, theft or damage to documents
  • Freedom of buying/selling shares through any broker of your choice
There are two types of Demat accounts:
  • The Repatriable Demat Account: This account is for the shares purchased by using repatriable funds.
  • The Non-Repatriable Demat account: This account is for the shares purchased by using non-repatriable funds or when you were an Indian resident.

Banks i.e. Depository Participants offer Demat account. The advantage of holding an account with banks is that it enables quick on-line dealings, ensuring credit of a transaction to the account holder's savings account by the third day.

Documents required for opening a Demat Account
  • PAN card
  • Identity proof
  • Address, date of birth proof
  • A photograph of all the joint holders along with a crossed signature on it
  • DP-client agreement on non-judicial stamp paper
  • One photograph and signature of nominee


*Disclaimer- Data provided above is strictly for informational purposes only. We do not make any claims on accuracy of information.

Testimonials

I’ve been a sports person, and also captained my throwball and volleyball teams. I understand the importance of extracurricular activities in our growing up years.

Trainings provide a child with the required discipline when working within teams as well as gives one the chance to follow what makes you happy. It also enables an overall development!
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This opportunity really came to my doorstep through Gera. My daughters Lavanya and Diya have had an enthralling experience being a part of not just one but three Academies (The Shiamak Davar Dan..

I cannot thank you enough for making our journey with Gera so so interesting and mind-blowing. I had never ever imagined my life taking a beautiful turn with me beginning to start my career as a music teacher that too with SMA (Shankar Mahadevan Academy) and all this has been possible only because of GERA and YOU my dear.
It is only because of your efforts and kind gesture that I could meet the man himself (Shankar Ji) and have a small recording session with him. That was like a dream come true.
I am super excited to start my journey with SMA and Gera as a teacher now.

Apart from that, Me and Prateek have always been grateful to you for making Shiamak happen for us and I ..

It was indeed a pleasure being a part of the Christmas celebrations at Astoria. Kudos to the Gera team for bringing in such a wonderful event with great carol singing participation from our own kids. It brought in the spirit of Christmas and the games, Santa, the gifts only added to it. Thanks for organising such a wonderful event which helped in community building...looking forward to many more such celebrations!

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The Christmas event organised at Astoria was a big success and a big step in bridging the gap between us and Gera. It was a memorable event as we are still in the beginning of our journey of life in our little home at Astoria. The kids have been the happiest of all and what more can we ask for when we see smiles on the faces of our little ones. Kudos to you and your team for making this event a huge success! Looking forward to many more in the years to come.

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The Christmas party organised by Gera at Astoria this year was a great success with good participation from kids and parents. Our children Sia and Saish enjoyed the party to the fullest. Sia, in particular, had a gala time and reiterated her stand that Anita aunty's parties are THE BEST.... We as your customers take much pride in informing our friends that such goodwill gestures are one of the many differentiators Gera brings to us, which no other builder in Goa can boast of. Many thanks to you and your team for doing an excellent job in putting up this event. We look forward to the next one! A big thanks to the Gera Management for its efforts in community building.

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