List of Demat account Articles

category_icon
Demat Account

Eligibility Criteria to Open Demat account

A Dematerialized (Demat) account stores all your securities like commodities, ETFs, etc. in an electronic format. It is not possible to trade in the Indian stock market without a Demat account.

NRI Demat Account Opening Process

Today, opening a demat account in India is done in just a few clicks. Easy, convenient and effective, any budding investor can start their journey in the world of financial markets by opening a demat account.

How to Change Your Name in Demat Account?

A dematerialized account, otherwise known as a ‘Demat Account’ where you can keep digital forms of all your securities traded on the stock market such as commodities, ETFs, etc. You cannot trade in the Indian stock market without having a Demat account. In India, two primary depositories hold your Demat account: the National Securities Depository Limited (NSDL), and Central Depository Services Limited (CDSL).

Types of NRI Accounts

Opening a bank account with any banking service that has been verified by the Reserve Bank of India (RBI) is a service available to any Indian citizen. However, for those who have maintained their Indian citizenship but reside out of the country;

Things to Keep in Mind Before Opening a Demat Account

For decades, trading in the financial markets has remained a prime lucrative opportunity for various investors across India. Today, with the advent of modern, online trading platforms and tools such as the efficient demat account, trading has become even more lucrative than ever.

Can You Open a Demat Account Without a PAN Number?

Demat accounts are fairly similar to bank accounts. However, the key difference is that they hold securities and financial instruments instead of money. These accounts have become the preferred method of storing securities and are regulated and maintained by depositories such as the NSDL or CDSL in India, and traders generally avail their services through brokerage firms..

Income tax implications on Demat Account?

To invest in shares, bonds, mutual funds and other varied financial securities, it is mandatory to open a Demat account. It is also important to note that any profits booked by you by selling shares in your Demat account are liable to tax. That is why you need to be aware of tax implications on your Demat account according to the provisions of the Income Tax Act 1961.

NRI Brokerage Charges

Non-Resident Indians (NRIs) can invest in equity, equity derivatives, IPOs, Mutual Funds, and bonds in India. However, they are not permitted to trade in commodities, or carry out intraday trading, as per government regulation.

Is Intraday Trading possible without a Demat account?

The world of online trading has become increasingly more accessible and convenient for both new and seasoned participants in financial markets. Today, traders and investors can execute and manage trades at lightning-fast speeds, at any time. Online trading has become so prevalent that an increasing number of people today dabble and even make a living with the high-speed world of intraday trading.

Low Brokerage and Low-Cost Discount Brokerage

As part of an introduction into the world of holding and trading financial securities, one of the first things you’ll need to do is open a demat account, and understand the various charges associated with doing so, as well as the exact benefits received through the same.