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What are the best way to protect your demat account from Fraud

The article will provide you with the precautions you should take to prevent demat account fraud if you are one of the many investors who have no clue how to prevent it.

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What are the best way to protect your demat account from Fraud

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  1. #Demat#Sebi#krishafinance#broker#bestdemataccount#freedemataccount#demataccount#Demat#Sebi#krishafinance#broker#bestdemataccount#freedemataccount#demataccount #demataccountholders WhatarethebestwaytoprotectyourdemataccountfromFraud? SincetheSecuritiesandExchangeBoardofIndia(SEBI)introducedtheconceptofdemataccount,thestockmarkethasbeentransformed.Demataccountcombinesaperson’sholdingsinstock,governmentsecurities,exchange-tradedfunds,bonds,andmutualfunds.Tradingbydematerializationeliminatesriskssuchasbaddelivery,fakesharecertificates,delays,thefts,andcounterpartyrisk. Therehasbeenanincreaseindemataccountfraudsoverthepastfewyears,partlyduetothefactthatmoreandmorenewinvestorsareenteringthemarketandarenotequippedtoprotectthemselves. Thearticlewillprovideyouwiththeprecautionsyoushouldtaketopreventdemataccountfraudifyouareoneofthemanyinvestorswhohavenocluehowtopreventit.Youcanreducetheriskofademataccountfraudsubstantiallybyfollowingtheseeasysteps:

  2. Ifyoudecidetonotuseyourdemataccountforawhile,youshouldsendasignedapplicationtoyourdepositoryparticipantinordertoprotectfromphishingandscamsIfyoudecidetonotuseyourdemataccountforawhile,youshouldsendasignedapplicationtoyourdepositoryparticipantinordertoprotectfromphishingandscams • TheDemataccount’sslip“TheDebitInstructionSlip” isjustlikeyourbankchequebook.PriortotransferringyoursharesbetweenDemataccount,youmustsigntheDIS,butmakesuretonotleaveitwithyourbrokeroranyoneelse • MakesureyougiveyourbrokeralimitedpurposePowerOfAttorneysotheywillhavetoseekyourpermissionbeforesellingortransferringfundsorsecuritiesfromyourdemataccount • Itisadvisabletokeepstrongorbiometricpassword.Also,avoidaccessingyouraccountfromcybercafes,orfromanyunsecuredWi-Fi • Athoroughinvestigationiscrucialbeforechoosingstockbrokeragefirm,includingitshistory,reputation,andmarketcredibility.Youshouldrefrainfromopeningademataccountifitisengagedinproprietarytradingasthiscouldcreateaconflictofinterest

  3. Youcanfeelabsolutelysafeaboutthesecurityofyoursharesinthedemataccount.Takingalittleeffortonyourpartcanmakeyourtradingexperiencesafer!Thesetipswillassistyouinsafeguardingyourdemataccountagainstfraudandhelpyoumaintainyourdemataccountsecurity.Youcanfeelabsolutelysafeaboutthesecurityofyoursharesinthedemataccount.Takingalittleeffortonyourpartcanmakeyourtradingexperiencesafer!Thesetipswillassistyouinsafeguardingyourdemataccountagainstfraudandhelpyoumaintainyourdemataccountsecurity. Followformorewww.krisha.finance

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