Staying updated with your demat account is crucial in managing your investment and ensuring you get the best out of it. As such, the need for fast and reliable account status information has become even more pressing.
Fortunately, the Central Depository Services Limited (CDSL) has introduced a solution to simplify securities’ management. Through its Internet-enabled service, CDSL Easiest (Electronic Access to Securities Information and Execution of Secured Transactions), you can manage your investments "anytime-anywhere" securely and efficiently.
Read on to learn the process of CDSL easiest registration, CDSL easiest benefits, and more.
While investing in the Indian stock market, you may have come across CDSL easiest. The platform helps you manage your securities held in an electronic format, also called dematerialised form.
Once you complete the registration process, you can buy and sell securities quickly, securely and transparently without worrying about physical certificates. Moreover, by completing the easiest CDSL registration, you automatically get the benefits of CDSL easi.
This means that you can check the status of your investments and carry out credit and debit instructions through the internet, all from one platform.
Here are the step-by-step instructions for CDSL easiest registration:
Log in on the official CDSL website and navigate to the ‘Quick Links’ tab
Choose ‘Login to – New system My easi’ 🡪 ‘Register – Easiest User’
Enter the DP ID and BO ID (Demat account number)
Submit the OTP sent to your registered mobile number
Enter your username and other details
Choose ‘Trusted Account’ or ‘Account of Choice’
Verify the account details and click on ‘Submit’
After this, your request will be sent to the DP for authentication. Once your request gets processed, you will be able to carry our transaction through CDSL easiest.
Keep in mind that in the case of joint account holders, you will have to print out the form and physically submit it to your DP. Ensure that the registration form has the signatures of all account holders and that you submit it within 90 days.
Listed below are a few of the top benefits you can enjoy by registering for CDSL easiest:
One of the main benefits of using CDSL is the ease of trading. You can buy and sell securities with just a few clicks,making it easier and more efficient than traditional paper-based methods.
This is particularly beneficial if you are a novice investor as it simplifies the investment process, allowing you to focus on choosing the best investment option.
CDSL easiest is designed to be secure and transparent, reducing the risk of fraud. With everything managed digitally, you can be confident that your investments are safe and secure. This can help you make more informed investment decisions, as you can access accurate and up-to-date information.
The platform has a user-friendly interface, making it easy for you to navigate and manage your investments. In addition, the platform is designed to be accessible to all types of investors, whether experienced or new to the market.
CDSL easiest is a cost-effective solution for managing securities, eliminating the need for physical certificates and paperwork. As a result, you can save time and money on brokerage fees, and the platform is available 24/7, reducing the need for traditional brokers or intermediaries.
To invest or trade in the stock market, you need to have a Demat account with DPs registered either with NSDL or CDSL. This is an account that holds all your securities in a dematerialised or electronic format. This includes stocks, bonds, and other securities.
Since completing the CDSL easiest registration process allows you to manage these investments, having a demat account becomes important.
Here is a step-by-step guide to opening a demat account. Follow these steps to start trading with a demat account.
Step 1: Visit the Bajaj Markets website and navigate to ‘Investments’ tab
Step 2: Click the ‘Open Demat Account’
Step 3: Enter your name, contact information, and bank details to create an account
Step 4: Complete the KYC by providing the required details
Step 5: Complete in-person verification by recording yourself
Step 6: E-sign the account opening form using your Aadhaar card OTP
Step 7: Select the type of demat account you want to open
Step 8: Read and accept the terms and conditions and pay the account opening fees
Your request will get verified, and once approved, you will receive your login credentials to access your Demat account.
To open a demat account, you will need to provide the following documents:
Proof of Residence
Proof of Income
Cancelled cheque/ account statements/ passbook
Signature on a plain white sheet
Do note that there is no fee for opening your Demat account through Bajaj Markets. Also, the subscription fee is just ₹9,999 per annum. This is in addition to the low flat brokerage fee of ₹5/order.
Registering for CDSL Easiest through your demat account is a straightforward process that provides a consolidated view of your stock holdings. This, combined with a Demat account and hassle-free services offered by Bajaj Markets, give you everything you need to make investing and trading in the Indian capital market a breeze.
By opening a demat account, you can use state-of-the-art technology and expert guidance to achieve your investment goals. So, register for CDSL Easiest and open a demat account with Bajaj Markets today!
No, there are two depositories available in India – CDSL and NSDL. While both offer similar services, the choice depends on your preference and your broker's services.
No, you need a demat account with a CDSL registered depository participant (DP) to carry out the CDSL easiest registration process.
It usually takes up to 48 hours for a CDSL easiest registration request to process, provided all the required documents and details are submitted accurately.
Yes, you can do this by choosing the ‘Upgrade BO ID to easiest’ after logging in to your easi account. Ensure that the DP you have the account with has subscribed for the facility.