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Requirements and procedure for opening a Demat account for online share business?


Requirements and procedure for opening a Demat account for online share business?

PAN CARD must and should for DEMAT ACCOUNT and one resedent proof, one bank check.........that's it.

Nice idea to start business at home

one company providing on line trading platform, one application form, ID proof, residence proof, saving bank account that s it. & deposit of working capital

There are various plans available and you can get a complete checklist of documents you may need to submit and details of the minimum deposit. Pls get your PAN no as it is compulsory to do trading.

IT IS ALWAYS BETTER TO DO ON LINE TRADING USING A PORTAL OF VERY GOOD BANK LIKE ICICI OR IDBI OR ANY BANK HAVING ALL OVER CORE BANKING FACILITIES.

IT IS EASIER IF YOU ALREADY HAVE A SAVINGS BANK ACCOUNT WHERE YOU WISH OPERATE AN D MAT A/C.
EVERY BANK FOLLOW A SET OF STANDARD GUIDELINES ISSED TIMES TO TME FROM RBI.

FILL THE DEMAT APPLICATION WITH USUAL DOCUMENTS LIKE ID AND ADDRESS PROOF AND MOST IMPORTANT YOU INCOME TAX PAN CARD. PROCESSING FEES OF 500 TO 1000 RUPEES CHARGED AND MAY VARY FROM BANK TO BANK AND MOST IMPORTANTLY THE PAYMENT OF FEES IS BY CHEQUE FROM SAME BANK WHERE YOU ARE HOLDING THE SAVING A/C.

AFTER PHYSICAL VERIFICATION OF YOUR ADDRESS AND YOUR PHOTOGRAPH AND YOU THE DEMAT ACCOUNT MAY BE OPENED IN ABOUT 15 DAYS FROM DATE OF APPLICATION

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