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A Demat account is an account that is similar to a bank account. The difference is that you keep money in the bank account while the shares you buy are kept in the Demat account.

 

What is Demat Account?

In a Demat account, you have to keep the money to buy shares but there is no need to keep any minimum balance in it, you can keep the money as you wish after the Demat account is open, you have to pay AMC (Annual Maintenance Charge) yearly.

 

Use of Demat Account?

You can open a Demat account in the share market in two ways, first is online, and the second is offline. If you have to open the online account, then the company you have preferred to open an account in the stock market, go to its website and fill the form and then whatever documents are asked there, you have to attach and submit your application form. After that your application company reviews and if all the documents are correct then your Demat account is opened.

 

How to open a Demat Account?

If you have to open offline, then you have to go to the branch office of that company and fill the form, then those people ask you for xerox of all documents and they attach all those documents with your form and send them to their head office. Then the head office reviews on that application and if all the documents are correct then your share market account is opened or you can courier the head office by downloading the application farm from the direct company website and filling that form.

To open your Demat account in share market you will need some documents like

  • PAN Card
  • Aadhar Card
  • One Photo Graph
  • Email ID
  • Signature
  • Father name
  • Mother Name
  • Address Proof Aadhar Mandatory
  • Margin Check or Bank Statement Current Last 6 Months Statement (one of these)
  • Contact No. (Linked With Aadhar)

Indian Stock market Brocker list

FULL-SERVICE BROKER: –

  • SMC GLOBAL SECURITIES
  • SHAREKHAN
  • MOTILAL OSWAL
  • IIFL
  • KOTAK SECURITIES
  • ANGEL BROKING 
  • RELIANCE SECURITIES
  • HDFC BANK
  • ELITE WEALTH
  • TRUST LINE
  • ANAND RATHI 

DISCOUNT BROKER: –

  • ZERODHA
  • 5 PAISA
  • UPSTOX
  • TRADE SMART ONLINE
  • TRADE ZINI
  • VALUE TRADE
  • SAMCO