tanveer 59 Report post Posted August 24, 2008 Can someone please tell me about the requirements for a demat account? Also which banks provide free demat services? Which ones are the best? Since I am a n00b in this field, can someone tell me what sites/ sources help in online trading? Share this post Link to post Share on other sites
@ksh@T 20 Report post Posted August 24, 2008 well free demat no one does . . but i use karvy thgats reliable. u need a pan card, address proof . . . and bank account Share this post Link to post Share on other sites
manishag 17 Report post Posted August 25, 2008 Can someone please tell me about the requirements for a demat account?Also which banks provide free demat services? Which ones are the best? Since I am a n00b in this field, can someone tell me what sites/ sources help in online trading? with demat account you need the Trading account too. if you are very active trader then go with Sharekhan/Indiainfoline/Indiabulls also before opening any account you should bargain for the brokerage and ask them to give you in written. like last week sharekhan agreed to give me brokerage charge of rs 2 paise and 20 paise provided i give them the brokerage buisness of rs 3,000 in 1 year. Also they will open the trading and demat account for free. And they are ready to provide all this because market is very slow and people don't want to for trading because of recent losses Share this post Link to post Share on other sites
MVP 3 Report post Posted October 27, 2008 Anybody using online trading facilities provided by HDFC? Share this post Link to post Share on other sites
HetalDP 947 Report post Posted October 27, 2008 Online Trading Facilities from Banks are just mediocre. Go for any Topline Broker Instead. 1. Demat A/c Require Bank Proof 2. Original PAN Card in Hand 3. and Address Proof in case Address Proof is Telephone Bill or Electricity Bill it must be of Last 1 month (The Rule is of 2 Month). But Keep proper margin. Share this post Link to post Share on other sites
manishag 17 Report post Posted October 27, 2008 Online Trading Facilities from Banks are just mediocre. Go for any Topline Broker Instead.1. Demat A/c Require Bank Proof 2. Original PAN Card in Hand 3. and Address Proof in case Address Proof is Telephone Bill or Electricity Bill it must be of Last 1 month (The Rule is of 2 Month). But Keep proper margin. also few more things that because of slow market you can negotiate for the brokerage. Depending upon your bargaining power they can go as low as 1 paisa for intraday and 10 paisa on delivery with the initial margin cheque of 5-10k. and collect the copy of form and POA from the broker. and before filling the form ask them to mention the brokerage on the form. Share this post Link to post Share on other sites
ani_meher 42 Report post Posted October 27, 2008 Yep, this is a good time to open a demat, as you can bargain the brokerage rates. I use Angel broking, so far so good, with great brokerage rates. Share this post Link to post Share on other sites
P. K. Daga 3 Report post Posted October 27, 2008 Well, I think this is a telecom forum and am not sure where it is heading towards, Financial Forum? Share this post Link to post Share on other sites
manishag 17 Report post Posted October 27, 2008 but dude this is general chat and discussion room Share this post Link to post Share on other sites
ani_meher 42 Report post Posted October 29, 2008 We aren't turning into a financial forum, no one is giving calls like Buy XXX at Rs.YYY, target ZZZ. We are just helping other RIMwebian in his query. Share this post Link to post Share on other sites
dkaile 1,051 Report post Posted October 29, 2008 I am having an ICICI Direct Demat a/c and I think for a moderate investor who is not doing daily put and call, this is the best... Just give them a call and they will come to ur home to open to open the a/c. Be on the lookout for free demat opening schemes where they waive off full charges (it was going on recently) Share this post Link to post Share on other sites
city02 63 Report post Posted October 30, 2008 Anybody using online trading facilities provided by HDFC? i've had HDFC sec for 5 years but the site is so bad / hard to use that i never really use it. i just subscribe to a few IPOs annually after the sensex crashed below 10 k i started buying in small amounts over the phone as long as the amount is over rs. 5 k, the min brokerage of rs. 25/= does not kick in since i'm not a day trader or even a 'week trader', this slow and steady approach works for me now i'm waiting for the sensex to head below 8 k to buy some blue chips at close to their book values... Share this post Link to post Share on other sites
