Not just savings account, fraud can happen with your demat account too, these tips will secure it.

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

Keep this information safe

Do not share your demat number, address, username, password etc. with anyone else. Many people write down 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 down, then write this information down and keep it locked in a place where it cannot be accessed by anyone else.

Make your password strong

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

Activate SMS alert service

Activate SMS alert 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 your demat account 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 your demat account only from secure networks. If you have logged in to your account, log out as well.

Keep changing your password from time to time

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

Freeze your account if not used for a long time

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