Open Demat Account Online

What is a Demat account?

Demat account is like an electronic warehouse where you store whatever you buy. The shares that you buy are stored in the Demat Account in an electronic format. As per the SEBI (Securities and Exchange Board of India) Act 1996, a Demat account is a must for all the equity investors. Without a Demat account, no shareholder can invest in any stocks.

What is a trading account?

A trading account is one which acts like a buying and selling platform. The trading account connects the account holders to the stock market from where they can buy the shares and since you have to fund the stocks, it is also connected to your bank account. It acts as an intermediary to the Demat account.

So, whenever you buy the stocks, these stocks get deposited in your Demat account and whenever you sell the stocks, these stocks will get withdrawn from your Demat account.

The trading account acts like a mid-point or a connection between the Demat account and the Bank account. It facilitates easy flow of the transactions.

You can use the help of these to open Demat account online:

• Sharekhan

It allows the user to open a free trading account. People can also avail the various trading plans that it has to offer by paying the AMC which is also later adjusted against the brokerage. This helps in saving the brokerage charges. They also backup the requirements of the customers through research reports.

• SMC

Apart from offering a free Demat and trading account, SMC also offers a lifetime worth of free AMC option. The best part about SMC is that they offer all day and all night long access to the back office. In case the users are not sure of a particular transaction, they can always make changes. They are subjectify to such risks of their customers.

• Sushil Finance

This company also offers a free Demat and trading account. They also offer various research facilities that help the users to make the right decision about their securities. They also offer a three in one screen for buying and selling stocks through the stock exchange. This facilitates the customers as they can see everything at once. The brokerage rates are also pretty flexible.

• IIFL

Apart from having a free Demat and trading account, IIFl also offers this plan where the account opening charges are adjusted against the brokerage that is generated within 90 days of the opening of the account. They also provide a very dedicated relationship manager to its clients so that they can carry out the procedures easily and solve the problems if any, as soon as they arise.

• Angel Broking

This company offers a free Demat and trading account like many others. They are also very flexible with the brokerage charges. The services provided are very competitive and also, one of the best. The stock brokerage charges are adjusted with the AMC in no time of opening of the account.