To buy or sell shares in the stock market we need a Trading account. Trading Account links in between your bank account and your demat account. As you all know Demat Demat Account is the account which holds your shares. This will be in electronic format. When you buy a share, money from bank account… Read More Trading Account
Account ClosureIf the demat account has no holdings and all payments have been settled, the investor can easily raise the closure request with the depository participant. To close the account investors need to: Avail the closure form-Submit duly filled and sighed form to the nearest branch-Alternatively, Send duly filled and sighed form to the HO… Read More Procedure to Close DEMAT Account
The different types of documents required for opening a Demat account are: Proof of Identity (POI) Proof of Address (POA) Proof of Income (For trading in derivatives such as F&O) Proof of Bank Account PAN Card 1 to 3 passport size photographs Here is the detailed list of documents that are required to open a… Read More Documents Required to open DEMAT Account
A DEMAT Account Number is your personal identification number assigned to you by the Depository Participants with which you have opened your account. This Demat account number is a unique 16-digit account number assigned by the Depository Participant to the demat account holder to carry out trading through electronic mode. The format of demat account… Read More Demat Account Number
There are three types of Demat Account : Regular Demat Account: Traders or Investors who resides in India use this type of Demat Account. 2.Repatriable Demat Account: This Demat account useful to the Non-Resident Indians(NRIs) as it allows fund transfers abroad. Such a Demat account requires an associated NRE bank account. 3.Non-Repatriable Demat Account: A… Read More Different Types of DEMAT Account
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