i wud like to open demat account??
cud anybody tell d procedure for the same?/
which are d useful sites from where i can acquire d information regarding d good stocks?
12 Replies
Shekar
(CA & LCS )
(1109 Points)
Replied 27 May 2008
Hi Shika..
U can visit the below mwntioned site n get the details u want..
Give ur contact no..they will call u..
rakesh
(31 Points)
Replied 27 May 2008
Is a demat account a must?
Nowadays, practically all trades have to be settled in dematerialised form.
Although the market regulator, the Securities and Exchange Board of India (SEBI), has allowed trades of upto 500 shares to be settled in physical form, nobody wants physical shares any more.
So a demat account is a must for trading and investing.
Where do I begin?
- Look for a DP to have an account with
Most banks are also DP participants, as are many brokers.
You can choose your very own DP.
To get a list, visit the NSDL and CDSL websites and see who the registered DPs are.
A broker is separate from a DP. A broker is a member of the stock exchange, who buys and sells shares on his behalf and on behalf of his clients.
A DP will just give you an account to hold those shares.
You do not have to take the same DP that your broker takes. You can choose your own.
But many brokers offer special incentives in the form of lower charges for opening demat accounts with their DPs.
Full article can be accessed at https://www.rediff.com/getahead/2005/jan/31demat.htm
Shailesh
(service)
(52 Points)
Replied 28 May 2008
u can open dmat a/c with any dp through broker
indiabull,sharekhan,icicidirect will help u..
Ravi Satpal
(CA (Final) & CS (Executive) Student)
(2430 Points)
Replied 29 May 2008
u just have to search a good DP in ur city...and the rest will be done by them..
Vivekag
(31 Points)
Replied 31 May 2008
u move a bank or dp with ur pan card, photo(ONE), cheque & bank statement conatining name , address & a/c no. and resident proof take form with dp fill form & submitted the same next day u will get yuor dp a/c no. & its MAster copy if u have nay problem contact vivek1232 @ rediffmail.com
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 02 June 2014
What every NRI needs to know about NRI demat account?
The Indian equity market is viewed as a window to prosperity by resident Indians and NRIs. Despite facing strenuous economic disaster, the Indian stock market is enjoying sheer position. The market has been on a roll for the past 10 years, with an estimated growth of 19% per annum witnessed on the Sens*x.
https://www.holisticinvestment.in/nri-demat
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
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