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Where and how to open a Demat and Trading account


What is a Demat account?
Demat account allows the investors to hold their securities in an electronic form instead of the physical form. It makes the entire process of trading, investing, monitoring and holding shares/stocks more convenient and faster.
Why opening a Demat account at a discount brokerage is Important?
Where you are opening Demat account is very crucial because many times, profits were killed by the brokerages when you are buying and selling the stocks. So, it is must to choose the broker wisely in order to protect the profits.
I opened my first Demat account at ZERDODHA. It really helped me without looting my money. Zerodha is the biggest discount broker with over 10+ lakhs customers. It contributes to over 15% of all retail order volumes in India daily by trading and investing in NSE, BSE, MCX, and MCX-SX. The charges offered by zerodha are nominal and trading platform provided by it is also fast and friendly. It charges a brokerage of 0.01% or Rs 20 per executed order, whichever is lower, irrespective of number of shares or their prices.
This is way cheaper compared ICICI direct which asked a brokerage of 0.55% on each transaction in equity. If u buy stocks for Rs 50,000 in ICICI direct, then you have to pay a brokerage of Rs 274. On the other hand, zerodha will ask for a maximum of Rs 20 for any trade.
If you are naïve in the Investment world you have go with a discount broker in order to be saved form the brokerage terrorism.
How to open a Demat and Trading account?
Here are the documents which are required to open a demat and trading account. As a person who is having the hand sight advantage I will recommend keeping soft copies of all these documents ready before you apply for opening the account so that you can avoid the tension and complete the process peacefully.
  •          P AN CARD
  •            Aadhar card
  •           Cancelled cheque/ Bank statement
  •           Your signature on a piece of paper
  •            Passport size photos.
    Account opening charges at Zerodha

  •          Demat and trading account : Rs 300
  •             Commodity account: Rs 200
If u want to open both you need to pay Rs 500.

There are two ways to open a demat and trading account

  •      Online method
  •    Offline method 
Using the online method, you can open the account within 15 minutes if you are ready with all the required documents.It is very much easier to open a demat account via online method than the offline method.
HAPPY INVESTING!!

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