03 December 2011
You need to have three accounts for share trading basically. 1. DEMAT Account (to hold stocks in demat form) 2. Trading Account (For doing transactions) 3. Bank account (for transfer of funds)
Several brokers are offering these services. Ex: 1. ICICI Direct (www.icicidirect.com) - offering 3 in 1 account. 2. Indiabulls securities (www.indiabullssecurities.com) - DEMAT & Trading - You need to have Bank account in any of the listed banks. 3. Kotak securites (www.kotak-securities.org) - offering 3 in 1 account & so on.........
You can choose for opening account based on their brokerage plans, speed, and other services.
Now you not only buy shares, you can invest in Mutual Funds, ETFs, Currency, Commodities etc...