These are surefire ways to protect Demat Account from fraud, money will not be safe – India tv hindi

Demat accounts are relatively safer than dealing with physical share certificate. You do not worry about losing certificates in the transit, poor delivery, theft of certificate, forgery, signature etc. All these things are finished when you choose a demat account. However, demat account is a digital way to keep shares in custody. Therefore, you should take some basic security measures in this case so that, there is no fraud in you in the stock market.

Follow these tips

• It would be better if you never write your password anywhere; Just remember him. If you want, write information about your demat account such as demat number, address, user name etc. in a safe place and make sure it is locked.
• Take some precautions while setting your password. Avoid clear passwords like your name, date of birth, wedding anniversary, child name etc. Keep it tall, random and alphanumeric with special characters.
• Never log in to your demat account with free Wi-Fi on internet cafes or airports, shopping malls etc. This can be done from your home or office; But only through a safe network.
• Once you access your demat account online (web or mobile), do not forget to close it and log out. Otherwise, someone else who accesses the system can easily get information about your portfolio.
• Do not forget to change your password at least 15 days or a month. This reduces the chances of your demat account being hacked by someone else.
• Never leave your debit instructions and leave them in any place like your table. Like your check book, the DIS Booklet should also be locked in locks. These are important documents.
• Keep printed records of your transactions and demat holdings on a regular basis and match them once a month or at least in a quarter. This is the most sure way to prevent some clear fraud in the stock market.
• Be careful when giving the power of attorney of your demat account. Today, NSDL and CDSL offer you services like Easiest and Speed-E to give debit instructions to the depository directly without passing through the POA route. It is very safe.
• Register for alert, so that you know about all the debit and credit in your demat account. Also register for email alert as it is easy while traveling. As soon as you find something wrong, file a complaint immediately.
• When you plan to go abroad or do not use your demat account, you can freeze your demat account to prevent incidents of fraud and misuse. When you come back, you can always unfriend it and corporate activities will continue normally.

Latest business news