Points to Remember When you Open Demat and Trading Accounts

Before you open Demat Account and Trading Accounts remember these points.(especially for young Traders who doesn't hold any knowledge with financial products. )

1. Some youngsters would not be having a proper signature to be repeated. so they should Practice perfect Signature. While applying for Demat Account you need to sign nearly 40 to 50 Signatures. This signature will be used for future verifications if needed. If signature mismatch happens then investor has to face problems.
2. Your Demat account number and Trading ID and all passwords would be sent to the address available on your address proof. No kit would be given in hand so please give the proof of your current residence. If you can handle it, then no problem. There would be no inquiry about your current residence.
3. Be careful when you are giving cheque to Particular Company's Representative. Don't ever give blank cheque to anybody. Always write the Name of the Company and the amount. to be paid. Don't leave any gaps while writing the amount, before the amount in the words and also in figures in the Amount field.

Things to be Verified After Getting Demat and Trading Accounts

How to open Demat and Trading Account

Well, as I said in the before posts, be ready with all the necessary documents to open Demat and Trading Accounts. There are Many Share Broking companies also called as Share Brokers available. Visit their websites and search for the nearest branch to your location and get their contact numbers. Call to 3 or 4 different Companies and ask for their Brokerage for Inraday and Delivery and other fees and charges. Compare all the companies and select one best from the four. Then take the application and fill it and submit along with all the necessary proofs. Wait for 15 days. Your Demat Account and Trading Account Details will be delivered to your Address with in 15 to 20 days.

Points to Remember When you Open Demat and Trading Accounts

Documents Accepted as a Identity Proof

Here I am giving you the list of proofs that are accepted by most of the Share Broking companies as a valid Identity Proof for opening Normal Demat Account (or) for opening NRI(Non Resident indian) Demat Account. If you submit any of the following that is enough.

Valid Proofs are as given bellow
1) Photocopy of your PAN Card- In general PAN Card is mandatory to open Demat Account. In most ways submitting PAN Card is alone enough for Tax proof and also for Identity proof. But some times PAN Card will not be accepted as a Identity proof only if your photo on the PAN Card is not clear. So if you feel that your photo is not clear and also got other valid Identity Proof, then submit that in order to avoid the cancellation of your application. Mostly it doesn't happen, but why not to have some added security for your application when you have the option?
2) Photocopy of your Voter Identity Card
3) Photocopy of Passport
4) Photocopy of Driving license
5) Photocopy of Learning license
6) Photo Copy of your family Ration Card with your photo on it. ( Some Broking Companies may not accept Ration Card for Identity Proof. Please call to your selected Broking Company and confirm

How to open Demat and Trading accounts

Documents Accepted as a Address Proof

Here I am giving you the list of proofs that are accepted as a valid address proof by many of the Share broking Companies for opening Demat Account. If you are a NRI(Non Resident Indian) and wants to open NRI Demat and Trading Account you can use these proofs to submit to your broking company as a Indian address proof.
The bellow documents will be accepted as a address proof. you can use any one of the listed Document for your address proof need.

1. Photocopy of Passport
2. Photocopy of Voter Id
3. Photocopy of Driving License
4. Photocopy of Ration Card
   
5. Photocopy of Telephone Bill on your name.
6. Photocopy of Gas Bill on your name.
7. Latest Electricity Bill on your name.
8. Photocopy of Bank Pass Book with your nabe and address on it
   
9. Bank Statement.
10. lease agreement
    

*Some of the above listed (Ration Card, Gas Bill,and Lease agreement) are not accepted by some brokers. please call your Share Broking Company and confirm.

Documents Accepted as a Identity Proof

Documents and proofs needed to open Demat and Trading Accounts:

Before Opening Demat Account and Trading Account you should be ready with some Important documents ready. they are as listed bellow. If you are not ready with all those necessary documents start applying now. Here are are the Necessary documents.

1) Savings Account with any one bank.
2) One Self Cheque leaf of the same account where you hold the Bank account. This cheque should be of MICR(Magnetic Ink Character Recognition) cheque. Share Brokers do not accept Micro cheques(local cheques or same city cheques).
3) Photo copy of your Address Proof.
4) Photo Copy of Identity Proof.

5) Photocopy of yor Pan Card. If you dont have apply for PAN card now. It will take 15 to 20 days to get delivered yor PAN Card at the given address.
6) 2 to 5 color photos. (Requirement varies from each broker so call to your broker and ask him how many photos they need)

For more Information Click on Bellow links.
1) Documents accepted as a address proof.
2) Documents accepted as a Identity Proof.

Buy Shares by Your Self

If you want to Buy Shares by your own from your Home you must need An Internet Connection. This Type of option is better if you want to do Intraday Trading.(Buying and Selling on same day)

Minimum requirements needed to buy shares by your self is as given bellow.
---> 1 Personal Computer
---> Internet Connection
---> Bank Account with Net Banking Facility
---> Demat Account
---> Trading Account

* Here when you suppose to buy or sell shares by your self you should get permission from your Broker for Online Trading. Some brokers give you this facility by default some brokers will not. So before Choosing your broker compare particular broker’s services with others and choose.
* Some Brokers provide you Software by charging some fee of Rs 650 or 700. Which is really helpful to monitor the scrips.

Documents required to open Demat and Trading Accounts

Buy Shares with the help of Broker

Buying or selling shares with the help of broker is either by walking to your broker’s office or by calling to Your Broker’s Customer care number. Al the Brokers will maintain some systems with Internet connections for the convenience and use of their customers. Those systems will be maintained by the Relationship officer. You can walk to your nearest office at any time and watch the market and place the order for buying and selling shares. If you don’t find the time to walk to Your Broker’s Branch, then you can place a call to your Broker’s Customer Care Number and place your order for buying or selling particular company shares. With the help of Customer care no you can know the current Value of shares and your value of shares and your available funds, your available shares, your outstanding orders e.t.c. Some Brokers offer you this facility with free of charge but some charge you some amount on the basis of your orders. So before Choosing your broker compare particular broker’s services with others and choose. The minimum requirements you have to have with you to buy shares at your broker’s office is as given bellow.

1) Bank Account with Net Banking Facility
2) Demat Account
3) Trading Account

Buying Shares by Your Self