Demat account is must for individual who is planning to buy and sell shares and can be used to hold shares in electronic form.
Actually, this system has been available since a long time, but people actually started to concentrate it on this more because most of them see it as a perfect place for them to grow out their money easily.
And also even after opening out the Demat Account, most people started out to lose their hope because they won’t get money in a short span. But you actually can make lots of money in a short span if you have invested in the right shares.
The new investors who wish to start trading should be smart in choosing a Demat account or else end up playing a high dreams charge for each transaction
There is a different charge for Demat account opening and maintaining Demat account
Example, new investors can be interested in opening an account with low brokerage firm they offer zero account opening charges with low annual maintenance charges
Best Demat account for small investors
Zerodha was the first brokerage in the country to start discount broking in the country.
The company has been actually providing out cheapest account opening charges in the market so far.
Upstox is known as RKSV is being supported out by world-class investors and has now become one of the largest low-cost brokerage firms
ICICI direct Demat account
ICICI direct is one of the too financial services companies in India
The company brokerage charges are all-inclusive and include the DP charges that are Rs 25
How to open Demat account
- You can personally visit a broker office at your nearest air convenient place
- Fill up requisite forms then submit the documents
- Pay account opening charges as per the policy and open your Demat account
- You can visit the website of brokers and select one suitable for you to open an account online.
- Also, you can opt the service of home Demat account opening service which is being provided out by the most of the bank nowadays actually, and the respect people will come to your home itself for opening the Demat account.
Also, read How loans are approved
Online account opening
You can easily open your Demat account through the online process
- Open the brokerage website
- In that fill the details given
- Attach the documents needed
- Pay the charges
- Then click on sent opt
- Opt will be generated to do further process
Check out how to close bank account
- PP photo
- Proof of address
- Proof of identity
- Bank proof
- Income proof
But first, you should select the good share brokerage company in the Indian stock market which has fewer brokerage rates, good trading platform and good customer service.
And also remember that before giving out your documents to anyone make sure that you are giving out the documents to the right people because once you have given your documents to the wrong people then you can’t get back your documents from them easily.
Best Demat account service company
- India infoline
- 5 paisa.com
- Angel broking
- Loyal security Demat and trading account