What is a Demat account?
A dematerialized (Demat) account is an electronic account that holds all your securities i.e. shares, Mutual Funds, Bonds, ETF, etc. in an electronic form.
Difference between Demat and Trading accounts:
The key difference between a Demat and a Trading account is that,
- A dematerialized account is used to store your securities such as shares, bonds, government securities, and mutual funds in electronic format.
- A trading account facilitates transactions (Buying & Selling) of the shares, bonds, government securities, and mutual funds that you hold in your dematerialized account.
- A trading account is a bridge between your bank account and your stock account. You can transfer funds from your bank account to this account and conduct transactions through a trading account.
The combination of Trading and Demat account is known as a 2-in-1 and Trading, Demat and savings account is known as a 3-in-1 account in the stock market.
How to open a Demat account?
There are two ways to start with your account: the online account opening method and the traditional method of submitting physical forms. In today’s digital world, there really shouldn’t be any reason to be filling out physical forms when almost the entirety of your information can now be stored digitally. Now, customers can open demat account online without having to go through all the tedious form filling, simply by agreeing to an eKYC from online brokerages.
Customers can sign up and complete the registration process online. As long as you have an Aadhaar card with your mobile number linked to it, you’re good to go!
Before you get started on the Demat account opening procedure, select your broker. This choice could depend on a variety of factors – such as brokerage fees/charges, the platform’s / user interface, and its customer service.
Below are some top Brokers of the country:
ICICI Direct, backed by the ICICI group providing a wide range of services including stock trading. You can view live share price, do share trading on NSE and BSE, trade in Futures & Options, Currencies, invest in Mutual Funds, IPOs, and Life Insurance from a single platform. by opening the 3 in 1 Demat account by ICICI you do not need to open multiple accounts for trading and fund management separately.
ICICI group is a very large group in the financial services industry and it has a strong physical presence across the country. ICICI direct now started offering 2-in-1 Demat and trading account, now you can link ICICI direct Demat account with any of your existing bank accounts.
To open online account Click here.
Motilal Oswal is one of the top financial services companies in India has a vast experience of 30 plus years in the field of the equity market. Company offers:
- Leverage up to 40 times
- Personalized advice
- Research-backed investment plans
- Profile-based trading platform
- Secured trading across all devices
To open online account Click here.
Angel Broking
Angel broking is one of the largest full-service stock brokers in India. The company offers a wide range of investment and trading services including stock and commodity broking, investment advisory services, margin funding, loans against securities, and financial product distribution.
Angel Broking offers a technology-empowered demat and trading platform. Angel broking is the first full-service broker offering competitive discount brokerage rates to its customer.
Zerodha has the largest customer base among all stock brokers in India, it contributes over 15% of all retail order volumes in India daily by trading and investing in the stock market. Zerodha is the first one to start the concept of the discount brokerage in India.
Zerodha charges Rs 0 brokerage for equity cash delivery trades and Rs20/ trade for intra-day/ futures & options / Currency / Commodity.
Zerodha offers the best desktop and mobile trading platform and simple easy to go charts for trader and investor.
To open online account Click here.
Backed by SMC group, Stoxkart offers a fast, efficient, and easy-to-use platform with the best brokerage plans to maximize your gains. It offers Desktop, Mobile, and Application based powerful, simple, and easy to use trading platforms.
Stoxkart charges Rs15/ trade for equity cash intra-day/ futures & options / Currency / Commodity and 0 brokerage for equity cash delivery trades.
Stoxkart has a unique offering where you need to pay brokerages Rs. 15/per intraday order only when you make a profit.
To open online account Click here.
