11.1 Want to trade ? Go for it


What are the basic requirements to start trading?

We need to:

a) Open A Trading Account:

Trading accounts are offered by stock brokers who are members of either NSE or BSE. Having a trading account with reputed stock broker is beneficial as they offer competitive brokerage, online trading and other facilities.

b) Open A Demat Account:

This is to keep the shares in demat form (as discussed earlier). The company which offers a demat account is known as a Depository Participant (DP). In India, we have two depositories viz. the National Securities Depositories Limited (NSDL) and CDSL (Central Depository Services Limited) which permit DPs to offer de-mat accounts.

Usually all the reputed stock brokers and some of the banks like ICICI, HDFC, SBI, INGV Vysya etc offer demat accounts.

Check list for opening a demat account

  1. Pass Port size photo of self (and of nominee, if required)
  2. Proof of identity - PAN card (Mandatory) – Original to be produced for verification.
  3. Proof of address – (copy of any one of the following)
  4. Bank Pass Book / Ration Card / Pass Port / Voter IDCard /Driving Licence (original to be produced for verification).
  5. Cancelled cheque leaf (proof of MICR number and Bank Account details)
  6. In-person verification by DP officials is mandatory for opening of demat accounts.

c) Link Bank Account with Trading Account:

While opening the trading account, it has become mandatory to mention your bank account details.

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Investment in securities market are subject to market risks.Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.