Before 1995, the shares (Stocks) in India were traded in the physical form. But after 1995, the government of India and SEBI has digitalized everything. And this new digital form of the shares is known as Dematerialization (Short form "Demat"). So now, you can not buy, sell or transfer shares in India without Demat accounts. You can open Demat account with anyone. It may be your bank, private broker or independent brokerage service. But without demat account you can not trade shares.
Now a days, online demat accounts available in the market so that you can buy and sell shares online with a single click. You will need to submit PAN Card, Passport/Driving License, Residential proof along with a demat application form to open demat account with your bank or some other brokerage service.
Following are the few best demat services in India.
Now a days, online demat accounts available in the market so that you can buy and sell shares online with a single click. You will need to submit PAN Card, Passport/Driving License, Residential proof along with a demat application form to open demat account with your bank or some other brokerage service.
- ICICI Direct
- Kotak Securities
- SBI
- Sharekhan
- Motiwal Oswal
- Angel Broking
- India Bulls
- HDFC Securities
- Reliance Money
- And many others…
- See the Brokerage rates – 0.50% or less for delivery base and 0.10% or less for trading is the best brokerage rate.
- See for the online demat services
- Services which provide online trading terminals are good
- See customer reviews online before going for demat services
I opened up a trading account with Sharekhan Limited one year back in 2014. My account was opened with sector-38, Chandigarh branch. Initially their representative Manohar mobile no.(9872882154) committed me that this account is opened up free of cost and there are not going to be any annual maintenance charges for lifetime. But after one year i got a message that i need to pay 500 rs annual maintenance charges ( 250 rs after every 6 months). When i called up at their sector 38 branch they said yes you need to pay these charges. I talked to Manohar and he simply refused that he committed me about the lifetime free charges. Then i realized that it is a trap set by the company representatives so that they can achieve their sales target. I feel cheated. Moreover, Manohar is rude to me. I don't know how to get my problem solved as nobody wants to help me. I want to tell people that don't deal with Sharekhan Limited as it is a fraud trading company. I am duped, cheated and harassed.
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