Podworks » Online Share Trading http://podworks.in Thu, 17 May 2012 04:17:22 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 How to open a De Mat Account in India http://podworks.in/how-to-open-a-de-mat-account-in-india/ http://podworks.in/how-to-open-a-de-mat-account-in-india/#comments Sun, 14 Jun 2009 14:55:39 +0000 admin http://mymo.in/2008/04/29/how-to-open-a-de-mat-account-in-india/ First, you need to be a citizen of India. You needto have a vaild government provided identity proof, and a bank statement which has got a good number of transactions, just to show that you have been using the account well. Nothing much, just about 10 transactions would do.

Then you might want to check who is the best provider. In my opinion, Religare is the best for start up investors. If you think you cant do it alone from your home in your spare time, go for UTI Securities, where they give you a table to sit, and give you coffee and, if you trade well, lunch as well, and you can sit there, trade and come back with cash. Karvey is not for beginners. When you take delivery of shares, you could transfer to any demat account that you have got anywhere. Almost all banks offer demat accounts these days. It is the trading account that you need to choose well.

The demat account costs you anything from Rs 500 to Rs 750 per annum, and they dont charge you anything except that. The Trading Account charges you upto 2 % excluding service taxes for any trading that you do. Intra day charges are quite low, but it is not an easy win in intraday transactions.

If you research well, and know what you are doing, share trading in India is a very good thing to be doing.

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