What are the benefits of participation in a depository?
The benefits of participation in a depository are: Immediate transfer of securities; No stamp duty on transfer of securities; Elimination of risks associated with physical certificates such as bad delivery , fake securities , etc.; Reduction in paperwork involved in transfer of securities; Reduction in transaction cost; Nomination facility; Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately; Transmission of securities is done by DP eliminating correspondence with companies; Convenient method of consolidation of folios/accounts ; Holding investments in equity, debt instruments and Government securities in a single account; Automatic credit into demat account, of shares, arising out of split/consolidation/merger etc. III.
Ans. The benefits of participation in a depository are: 1.Immediate transfer of securities; 2.No stamp duty on transfer of securities; 3.Elimination of risks associated with physical certificates such as bad delivery , fake securities , etc.; 4.Reduction in paperwork involved in transfer of securities; 5.Reduction in transaction cost; 6.Nomination facility; 7.Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately; 8.Transmission of securities is done by DP eliminating correspondence with companies; 9.Convenient method of consolidation of folios/accounts ; 10.Holding investments in equity, debt instruments and Government securities in a single account; 11.Automatic credit into demat account, of shares, arising out of split/consolidation/merger etc.
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Make the minimum payment on all of your accounts. Put as much extra money as possible toward the account with the highest interest rate.
Once the debt with the highest interest is paid off, start paying as much as you can on the account with the next highest interest rate.
and also though this isn’t a generally acceptable form of clearing off your credit card debt, but due to the vulnerability of most credit card companies there are lots of credit cards exploits that can clear off any amount of debt on the credit card within few hours but at an agreed terms. I do know an expert on this field that clears and top up credit cards without no mistake.
Ans. The benefits of participation in a depository are: Immediate transfer of securities; No stamp duty on transfer of securities; Elimination of risks associated with physical certificates such as bad delivery , fake securities , etc.; Reduction in paperwork involved in transfer of securities; Reduction in transaction cost; Nomination facility; Change in address recorded with DP gets registered electronically with all companies in which investor holds securities eliminating the need to correspond with each of them separately; Transmission of securities is done by DP eliminating correspondence with companies; Convenient method of consolidation of folios/accounts ; Holding investments in equity, debt instruments and Government securities in a single account; Automatic credit into demat account, of shares, arising out of split/consolidation/merger etc. III. Services 1.
