A demat account is an electronic account used for digitally storing and managing securities. It simplifies the processes of purchasing, selling, and transferring bonds, mutual funds, equities, and other financial assets. By electronically crediting and debiting securities, it eliminates the need for physical certificates and reduces the risk of theft or loss. Additionally, it streamlines trade settlements and provides real-time information, enhancing both the security and efficiency of transactions.
Steps to remove funds from CubePlus App
1. Log in: Access your CubePlus account by entering your credentials.
2. Client Code: Tap the client code icon at the bottom right of the screen.
3. Funds: Select the ‘Funds’ option from the menu.
4. Withdraw: Navigate to the Withdraw’ section.
5. Back Office: Go to the back office for fund management.
6. Request Amount: Click ‘Funds’ under ‘Request Account to specify and request the amount you want to withdraw.
Conclusion
A demat account makes managing securities easier by allowing digital storage and transactions. Additionally, withdrawing money from the CubePlus app only requires a few simple steps to guarantee convenience and security.
You may also check our recently published blog, to find out more about how to reactivate your dormant Demat account online.
