BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Convert the paper securities to dematerialized form
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Sell it to a stock broker
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Open a demat account and credit the shares to this account after dematerialization
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Wait for the market to improve
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Detailed explanation-1: -What is dematerialisation? Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited into the BO’s account with his DP.
Detailed explanation-2: -You can cash them in through the transfer agent of the company with which the stock is owned. Or, you can work with a broker to sell the stock. Research the value of the stock to know whether you are holding on to fortune in cash or simply a pretty, collectible piece of paper.
Detailed explanation-3: -The mutual fund units would be held in the dematerialised form. You can buy and sell mutual fund schemes through your demat account just like shares. It is a dematerialised account which can hold stocks, mutual funds and other securities.
Detailed explanation-4: -However, if your shares are not credited to your demat account within T+2 days, you should contact your broker immediately. Typically, shares purchased via your demat account are transferred to your account within T+2 business days.