A Demat account is a digital platform that allows investors to hold their securities in electronic format. It allows investors to buy and sell shares, mutual funds, and other investment products. In today’s world of online trading, it is essential to stay up-to-date with the status of your Demat account. This is where Demat account alerts come in. Alerts are notifications sent by your Demat account provider in real-time, keeping you informed of the status of your account. In this article, we will discuss the different types of Demat account alerts and their importance.
Transaction Alerts: Transaction alerts are sent to your registered mobile number or email every time a transaction is initiated in your Demat account. These alerts keep you updated on the buying or selling of securities from your account. They also inform you about the status of the transaction, including whether it was accepted or rejected. In case of any discrepancy or unauthorized transaction, you can immediately report the issue to your Demat account provider. Check more on the upcoming ipo here!
Credit or Debit Alerts: Credit or Debit alerts are sent when the shares are credited or debited from your Demat account. These alerts are important because they keep you informed about the exact quantities of share movements, date and time of the credit/debit, and the details of the transaction. This helps you keep track of your investments and monitor the performance of your portfolio.
Balance Alerts: Balance alerts are sent to your registered mobile number or email every time there is a change in the balance of your Demat account. This includes information about the securities you hold, their current market value, and the price at which you bought them. Balance alerts help you track the movement of securities in real-time and provide you with up-to-date information on the value of your holdings. Check more on the upcoming ipo here!
Pledge Alerts: Pledge alerts are sent every time your securities are pledged for obtaining a loan or any other use. These alerts inform you when your securities are pledged, the amount of the loan, the purpose for which the loan was taken, and the duration of the pledge. Pledge alerts help you keep track of your securities’ movement outside your Demat account, helping you safeguard your investment.
Renewal Alerts: Renewal alerts are sent when it is time for renewing your Demat account. These alerts inform you about the due date of the renewal, the charges that apply to the renewal, and the steps you need to take for renewal. Renewal alerts help you avoid late fees and penalties that could occur if you miss the renewal. Check more on the upcoming ipo here!
Price Alerts: Price alerts help you keep track of the market price of the securities you hold. These alerts inform you when the price of a particular security reaches a certain level, allowing you to make an informed decision on whether to sell or hold onto the security. Price alerts are especially helpful in volatile markets where prices can fluctuate rapidly.