The benefits of ProStocks depository account are:
- Immediate 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 ProStocks 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 ProStocks 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, arises out of split/consolidation/merger, etc.
