How do you trade in shares online in India from opening demat to actual process of trading?
April 22, 2010 - 2:03 pm
Please elaborate from opening a demat account to the actual shifts of money when a transaction is made. Which is the best online trading website and why?
a demate account can be opend with any trading member who have been authorised by NSDL or CDSL.
u also need to have a trading account with a broker register with nse , bse.
and trading is simple …buy and sell the scrips u want and pay or receive money.
April 22nd, 2010 at 7:37 pm
a demate account can be opend with any trading member who have been authorised by NSDL or CDSL.
u also need to have a trading account with a broker register with nse , bse.
and trading is simple …buy and sell the scrips u want and pay or receive money.
References :
April 22nd, 2010 at 7:46 pm
check this site
http://www.demataccount.com
References :
http://www.demataccount.com
April 22nd, 2010 at 8:23 pm
the first step is to get a pan card
for that u can apply online http://www.tin-nsdl.com
it cost about Rs.70
it takes about 15 days to get the pan card
once u have got the pan card u can start a dmat account
for this u have to find the stock brokers which are near to ur town some of the stock brokers are INDIAN BULLS, UNICORN, GEOJIT ECT FOR MORE see cnbc tv
or any bank such as ICICI, UTI, HDFC ETC
AFTER SELECTING THIS U AS THEM THE DMAT APPLICATION FORM OR DOWNLOAD IT FROM THE NET AND FILL IT AND ALONG WITH IT TAKE A COPY OF PAN CARD, BANK STATEMENT, AND AN IDENTIFICATION CARD COPY SUCH AS DRIVING LICENCE OR VOTER ID
SUBMIT IT THEY CHARGE U FOR OPENING DMAT ACCOUNT ABOUT RS.250
WITH DMAT ACCOUNT U CAN ONLY BUY SHARES FORM PRIMARY MARKET U CANT SELL OR BUT SHARES IN SECONDARY MARKET FOR THIS U HAVE TO OPEN A TRADING ACCOUNT AND DEPOSITE SOME MONEY IN THE TRADING ACCOUNT ALL THE SHARE TRANSACTIONS WILL BE TAKING PLACE ONLY THROUGH UR TRADING ACCOUNT IN THE SECONDARY MARKET.
REGULARLY WATCH THE STOCK EXCHANGE CONDITION IN CNBC OR ANY OTHER CHANNELS
ANY INVEST IN A SAFER COMPANY SHARE.
INDIAN BULLS AND UNICORN ARE THE LOWEST SERVICE CHARGE PROVIDERS IN INDIA
FOR MORE DETAILS VISIT http://www.arundas.co.nr
References :
http://www.arundas.co.nr