Why do I need a demat account from SAMCO?

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Demat account is like a bank account. In the bank account, we keep the money. In a similar way, in demat account, we hold shares of the company, mutual funds, bands etc. in electronic form.

If you planning to take the delivery of shares, demat account is mandatory. You can either open a demat account with SAMCO or link any of your existing demat account with your SAMCO trading account.

It is preferable to open the demat account along with the trading account from the same broker. This 2-in-1 account offers seamless transactions of shares between your trading accounts and demat account.

If you link your external demat account with SAMCO trading account, you have to manually submit the delivery instructions to your DP every time you sell a share.