To start Investing in stock markets in India you need a Demat & Trading Account with one of the recognized brokerage houses in India, Demat basically stands for Dematerialisation account in which the shares we purchase in cash segment are kept in electronic form after the confirmation of stock delivery by the exchange.
Demat account doesn't allow you to buy or sell stocks it's just like a inventory warehouse where your stocks & shares are kept, so If you want to buy or sell the stocks from Demat account you need to have a Trading account linked to your Demat account, Trading account helps you to trade stocks.
There are many cost efficient stockbrokers available in India all you have to do is find the best one, In my opinion I would suggest Nirmal Bang Securities Pvt. Ltd., reason behind chosing this company as my stockbroker is that It doesn't charge you any extra and irrelevant charges like per script charge, minimum brokerage charges per day, along with cost efficiency it provides me one of my favorite Diet Odin Software for trading that makes Nirmal Bang Securities Pvt. Ltd. as my favorite stockbroker in the country.
...and a lot more.
I will also suggest you to go for Nirmal Bang Securtities Pvt. Ltd. if you wan't to open one you can send your details to contact@gurpreetsaluja.com or fill the query form on the right side of this blog.
What is Demat & Trading Account?
Find a Stockbroker
To Open a Demat & Trading Account you need to approach the stockbrokers available in your city or the brokers you have link with, because stockbrokers opens your Demat & Trading Account and helps you to trade in stock exchanges.
There are many cost efficient stockbrokers available in India all you have to do is find the best one, In my opinion I would suggest Nirmal Bang Securities Pvt. Ltd., reason behind chosing this company as my stockbroker is that It doesn't charge you any extra and irrelevant charges like per script charge, minimum brokerage charges per day, along with cost efficiency it provides me one of my favorite Diet Odin Software for trading that makes Nirmal Bang Securities Pvt. Ltd. as my favorite stockbroker in the country.
Features of Stockbrokers
- Best Trading Software
- Low Brokerage Costs
- Dedicated Service
- High Quality Research Reports
- Online Client Backoffice
List of Known Stockbrokers in India
- Nirmal Bang Securities Pvt. Ltd.
- Kotak Securities Pvt. Ltd.
- Angel Broking Pvt. Ltd.
- HDFC Securities Pvt. Ltd.
- ShareKhan
- Edelwiess
...and a lot more.
Documents Required To Open Demat & Trading Account
- Pan Card
- Address Proof
- 6 Months Bank Statement
- Cancel Cheque
- 4 Passport Size Photographs
I will also suggest you to go for Nirmal Bang Securtities Pvt. Ltd. if you wan't to open one you can send your details to contact@gurpreetsaluja.com or fill the query form on the right side of this blog.
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