If you invest in the market, then you must be aware of the Demat account. Demat Account means Dematerialisation Account. Demat account keeps your investments in electronic form, which can be easily accessed with a laptop or smart device and the internet. To access the Demat account, you must have a login ID and password. But just as you take precautions to keep your savings account safe, you should also be alert about the security of the Demat account. Like a savings account, fraud can happen with your Demat account too. Here know those tips that help keep your Demat account safe.

Keep this information safe.

Do not share Demat number, address, user name, password, etc. with any other person. Many people keep this information somewhere, but it would be better if you keep it safe in your mind. No one can steal it from there. If you have to write it, then write down this information and keep it locked in a place where it cannot be accessed by anyone else.

Make the password strong.

Whether the password is of your mail ID, net banking, or demat account, it should always be strong. Use English words, numeric and special words, etc. in the password. Also, avoid using obvious passwords like your name, date of birth, wedding anniversary, and child's name.

Activate SMS alert service.

Activate SMS alerts for transactions on your demat account so that you can immediately know about any suspicious activity. Immediately inform your broker or depository about any suspicious activity.

Do not log in to demat using free Wi-Fi.

Do not log in to your demat account using free Wi-Fi at airports, railway stations, shopping malls, etc. Log in to demat only from secure networks. If you have logged in to the account, then log out as well.

Keep changing the password from time to time

For the security of your demat account, keep changing its password from time to time. If you change the password even once a month, then you can reduce the chances of it being hacked.

Freeze the account if not used for a long time.

If you are not using the demat account for a long time, then you can freeze this account. This can also prevent fraud. When you want to use it, you can easily unfreeze it.

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