A dormant demat account is one where no transactions have happened for a long period, so the depository participant flags it as inactive. The shares inside remain safe and yours; only fresh debits are restricted until you reactivate it. The exact inactivity period and process depend on your DP and depository rules. Once an account […]
What happens to the shares in a demat account after the holder dies?
The shares are transmitted, meaning moved, to the nominee or legal heirs through a process called transmission. Nothing is sold automatically; the shares simply sit in the account until someone claims them with the right documents. If a nominee is registered, the process is fairly simple. The nominee submits a transmission request form to the […]
What is pledging shares for margin?
Pledging shares means offering the shares in your demat account as collateral to your broker, in return for margin that you can use for trading. The shares stay in your account, but they are locked until you unpledge them. The process runs through the depository. You choose the shares to pledge in your broker app, […]
Is the NISM exam online or offline?
NISM exams are computer-based. You book online, then take the test on a computer at an authorised test centre, and the result usually appears on screen soon after you finish. So it’s “online” in the sense that the questions appear on a computer, but it is not something you sit for at home in the […]
Who is the Option & Future course at Upside meant for?
It is meant for people who already understand the basics of stocks and chart reading and now want to learn derivatives properly, including traders who have tried options and lost money without knowing why. Options and futures are not ideal first topics. If terms like support, resistance and trend are new to you, start with […]
What is a POA or DDPI in a demat account?
A POA (Power of Attorney) or DDPI (Demat Debit and Pledge Instruction) is an authorisation that lets your broker debit shares from your demat account for specific purposes, mainly to deliver shares you have sold. DDPI has replaced the older, broader POA for new accounts. The old POA gave brokers wide powers over your demat […]
What is the UPI block mechanism for trading?
The UPI block mechanism lets you keep your trading money in your own bank account, blocked through UPI, instead of transferring it to the broker. The amount is debited only when a trade actually settles. It works like the ASBA process used in IPO applications. You approve a UPI mandate for a set amount, say […]
How many nominees can I add to my demat account?
As per SEBI’s revised nomination framework, you can add up to 10 nominees to a demat account. This was introduced in phases from 1 March 2025 and applies to mutual fund folios as well. Earlier, the limit was three nominees, which was a problem for larger families or people who wanted to include parents, a […]
What is the nomination rule for demat accounts?
The nomination rule lets you name one or more people who will receive the shares in your demat account after your death. SEBI asks every account holder to either add a nominee or formally opt out of nomination. A nominee is not automatically the legal owner. The depository transmits the shares to the nominee, who […]