Hello friends, welcome to Kumarblogging.com website. I know you all are visited to this webpage to know about Demat account and you are visited to the correct website because only here you will get every type of basic knowledge.
Today in this article, we will understand about Demat account and I promise that at the end of this article you are all doubt and query related to demat account will get clear.
Due to the coronavirus epidemic and lockdown our whole year of 2020 spent by staying at home and we all are get isolated from the world. This was very tough time to live isolated. But even in a Such isolated condition we all are digitally connected to the world through our mobile and laptop.
Coronavirus effect a lot but it also teaches us the importance of online and digitalisation. In such period where every individual salary also get stopped due to the job firing in private company many has founded the another source to earn passive income. Share market become one of the passive income source of earning through which anyone can earn good returns.
A Goverment report shows that, In 2020, over Ten millions of new retail investor are emmered in India and opened anew demat account. This shows that how much people get attracted to stock market, espacially in coronavirus lockdown session.
As we now understand that share market is the only way through which you can get highest return. You can also earn a lot of money by investing in fundamentally analysed stocks for the long period of time with patience.
And the most important things is now you do't have to worry about fraud, because SEBI (Stock Market Police) has ensure the security and digitilised everything.So,you can check everything through clicking on you mobile.Now, let understand how to invest in the share market and earn wonderful Returns.
Before investing stock market you have to open a demat account.
What is Demat Account?
Demat account is also known as "Dematerialise Account".Demat account is like a bank account where we can stores the share or stock of any listed company in digital form. You can easily stored the shares of any company in your Demat account in a digital form and you can also check your account balance like bank account.Before investing in share market any individual have to open a new demat account.
Where to Open Demat Account:-[What is Stock Broker].
Now,you are completely aware of Demat Account.So, now you need to know about where to open demat account.Before understanding how to open you have to understand that where to open a new demat account.
Usually stock brokers open the demat account of any individuals. There are many stock brokers are in India.
What is Stock Brokers ?
Stock brokers are the middleman between the Stock market and every individual investor.Stock broker are also responsible for all the buying and selling order of company share by investor.
There are many stock brokers are in India. Basically there are two types of stock broker in Indian stock market.
1. Full-Time Broker.
2. Discount Broker.
1. Full-Time Broker:- The Full time brokers are those broker who provides various and special service to the investor and charge also high. Some of the facilities are:-
(i) Calling Trade.
(ii) Investment Related Advice.
(iii) 24X7 Call Support.
(iv) On time Latest Updates.
(v) Special Attention.
Some famous Indian full time broker are HDFC Securities, ICICI Securities, Kotak Securities, Angel Brokers, SBI Securities and many more.
2. Discount Broker:- Discount Brokers are those stock broker that provides you less facilities as compare to full time stock broker.But it is sufficient to all and also charge very less. Some of the basic facilities provided by discount brokers are:-
1. Digital Trading Platform
2. Mon-Fri Call and Chat Support
3. Latest Updates
4. Low fee
5. Anytime Holding Tracking System
Some of the Indian Discount Brokers are Upstox, Zerodha, Angel Broking, 5paisa, Groww and etc
How to open Demat Account ?
Demat account is usually opened by the stock broker and banks. And you may already know that there is Two types of stock Brokers in India.
You can also open your new Demat account through your mobile or laptop in just a few minutes. You don't have to worry about anything because all the stock broker are come under the supervision of the SEBI (Stock Exchange Board of India). Therefore, you can easily contact and complaint for any type of irregularity on your account.
The Full Form of SEBI is "Stock Exchange Board of India" also know as share market police.SEBI is the goverment statutory body that regulate and supervise the Share market in India.
Before opening a new demat account, you should have some your important documents and detail.To open a new demat account you must have some important document are:-
1. Aadhaar Card:- It is mandatory to have an aadhaar card number to open a online demat account.
2. Pancard:- It is also mandatory to have an Pancard number to open a online demat account.
3. RMN(Registered Mobile Number):- Your mobile number should be registered with your Aadhaar card and Pancard.Registered mobile number with both Aadhaar card and Pancard should be same. It help you to immidiete authenticate with OTP.
4. Bank Detail:- Your bank detail is very important because through it you can easily transact the money to buy and sell the shares of the company.
5. Photo and Signature:- You also have to upload the online photo and e-sign, while applying for the new demat account.
Eligibility criteria:-
1.Your age must be more than or equal to 18 years.(Not Neccessary).
2.Your all document should be correct.
To open a new demat account you have to follow the steps given below:-
1. First decide where you want to open a demate account.Then either contact or download the app of that stock broker from google play store.
2. Next open the app and fill all the details like personal deatils and authenticate with OTP.
3. Now after all this process your account will activate under 24 hours.
Conclusion:-
I hope that you all are found some interesting and usefull information about Demate Account and I am sure that it may be helpfull for you.Today demate account are very usefull because it help any passive earning seeker to earn agood amount of money easily or quickly.It save time and efforts both together.
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