From the emergence of web-based trading platforms to the rise of mobile trading apps, the landscape of trading in the Indian stock market has undergone a remarkable transformation over the last two decades. Trading has become incredibly convenient, with a smartphone and internet connection being all that is required.
Today, majority of Indians prefer to do business on their mobile phones, finding it fast and convenient. The trend of business using smartphones has been revived during the coronavirus-induced lockdown.
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Trading on mobile phones gives you real-time access to key developments related to trading and investments. The main advantage of mobile trading is that anyone can also see market data at the same speed as brokers or registered clients.
India pioneered online stock trading in the late 1990s, with the National Stock Exchange (NSE) leading the way with electronic or screen-based trading systems accessible via the internet. This shift from traditional physical exchanges to digital platforms marked a significant milestone in accessibility and convenience.
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NSE’s introduction of the NOW platform for mobile devices in 2009 further expanded access to trading.
Despite India’s historic position as Asia’s oldest stock market, stock market allocation has historically lagged behind other major economies. However, there has been a noticeable change in recent years, with households increasingly investing in stocks, as evidenced by the growth of demat accounts and large inflows into mutual funds. The convenience of mobile commerce has encouraged young Indians to engage in equity trading.
With the growing trend of online business, you might be wondering about the accessibility of your account from anywhere in the world. This article will explore how you can access your demat account globally and address important questions, including how monitoring helps prevent risks associated with demat accounts.
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Flexibility in accessing demat accounts
Just like with other online services, you can access your demat account from anywhere in the world as long as you have an internet connection. Demat accounts are usually managed through a designated online platform provided by your brokerage firm or depository participant.
These platforms often offer web-based interfaces as well as mobile applications, allowing you to access the accounts and manage properties conveniently from any device with internet access.
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Security measures are in place
Ensuring the security of your demat account is paramount in today’s digital landscape. Brokerage firms implement robust security measures to protect your assets and personal information. These measures include encryption protocols, multi-factor authentication and regular security audits to detect and prevent unauthorized access. Additionally, secure login procedures, such as using strong passwords and biometric authentication, add an extra layer of protection.
Frequently Asked Questions
Can I access my demat account from abroad?
Yes, you can generally access your demat account from anywhere in the world, as long as you have an internet connection and the necessary login credentials.
How monitoring helps prevent risks in demat accounts?
Continuous monitoring of account activity helps identify any suspicious transactions or login attempts, enabling timely intervention to mitigate potential risks.
Does my business ID remain consistent regardless of my business location?
Yes, your business ID usually remains the same regardless of where you do your business.
Will my account become inactive if I do not trade for 12 months?
Yes, demat accounts can become inactive if there is no trading activity for a certain period, often around 12 months.
Will I pay the same brokerage fees regardless of where I trade?
The brokerage costs you incur for trading can remain consistent, regardless of your trading location.
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Published: 14 Mar 2024, 19:22 IST