I m frm mumbai. whts the process if i want to open Dmat Ac. & whts the use of Dmat Ac., can it b used online?

Question

which banks provide Dmat Acs.? is they charge any fees to open Dmat Ac.? whts the minimum amount required for Dmat Ac.? For online trading shd i hv credit card? is online trading in Dmat Ac. reliable?

Answer 1

Almost all the major banks in India provide share trading and demat account facilities.

Firstly, the demat accounts are used to park the shares that you may buy or hold while trading in the share markets. You keep your shares in this account and not any money/cash.

Yes there are charges to be paid for opening and handling the demat account. Please refer to the charges sheet where you open your account or specifically ask to describe you the charges in detail.

For online trading you do not need any credit/debit card. You must have some cash balance (for buying) or shares (for selling) in your bank / demat account.

Online trading means operating your stock trading account from anywhere in world with the help of internet etc. The online trading portals are secured by the vendors hence there is no problem in online trading as such. It's fully secured transaction over the net. Don't feel unsecured about the same.

Best of luck.

Answer 2

A Demat account is required for trading of shares. It is mandatory to have a Demat account if you have to trade shares. Nowadays mostly all banks open a Demant account. But the major banks are ICICI and IDBI. They charge fees of Rs 700/- to Rs 800/- per annum for this. No it is not mandatory to have a credit card for online trading. Demat online trading is possible. You can check up with www.bse.com

Answer 3

u can open ur meamt A/C in icici or hdfc or there r many banks... u can do online 2the extent amount in account.. i can give u sum tips.. read it... if u like my ans then rate it... so tht others can also read it..

Investing means money invested to earn more money. There are several different ways to invest money. You can invest in a bond, bonds are secure investments they give fixed rate of return after a specific period. You could also invest in a capital investment, where the returns are higher as the risk is also high. If you are ready to take high risk for higher gain you can and must invest in capital markets. In capital markets you can directly by shares i.e., equities or you can buy mutual funds.