How do i open an dmat account, in India?

Question

Procedure to open a dmat account.

Answer 1

Do as follows:-

1. Select a DE MAT account provider, (it can be any schedule Bank or Trading portal or Stock Exchange Broker) of your choice.

2. Obtain the application form, Fill the form, and Submit the same, along with the photocopy of your PAN card, entry fee, address proof and your photo, as explained above, very nicely.

3. With in a day or two you will get the DE MAT account details, at the most in 10 days time. Collect the Vouchers, as well as depositing Share Certificates form. Get all your existing Share Certificates, DE MAT.

New purchases shall be done as suggested above, very nicely.

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Answer 2

the first step is to get a pan card

for that u can apply online 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

Answer 3

Dear Mr. Walter,

Do as follows:-

1. Select a DEMAT account provider of your choice.

2. Collect the application form. ( or you can down load it ).

3. Fill the form.

4. Submit the same, along with the photocopy of your PAN card, entry fee, address proof and your photo.

5. With in a day or two you will get the DEMAT account details. Collect the Vouchers.

6. Deposit some amount in the " Trading Account ".

7. Start Trading online.

8. Keep changing your pass word once every 15 days.

9. Keep all transaction statements you received safely.( you will require the same to cross check your purchases and sales and balance verification ).

Good luck.