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How one can open a demat account and start Trading.

Demat account is necessary if you want to invest your money in stock market and trade stocks on your fingertip. Here is the quick 3 three steps that would end-up opening your demat acount.

No big deal, just three steps:

1) PAN CARD and ADHAR CARD:

Check whether you have pan card and adhar card or not because Bombay Stock Exchange (BSE) issued a circular few days back, wherein they have ordered all demat account holders to link their accounts with Aadhaar on or before December 31, 2017.

2) Choose a stock broker.

Demat account is just like your savings account. You put your money in your savings account whereas you put stocks ( or securities) in your demat.Here is a collage of Some of the good brokers in India.

Additional documents that your broker will ask for opening demat:

1) A cancel cheque. 2) Your one photograph. 3) Your signature ( e-signature, if you wish to uplaod it)

Transfer the money: Your broker will link a adhar card with your savings account and then you can easily transfer the money from your demat to savings and vice versa.

3) Let's Trade:

I personally use Kotak Securities and trade stocks everyday on my fingertip :)

That’s it. Congrats! you are an investor now.

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