How much it cost and Important Notes..

Posted by Venki

For Mobiles Reviews www.mobilesreviews.info

The charges for account opening, annual account maintenance fees and transaction charges vary between various DP’s. To have latest charges please visit websites of www.nsdl.co.in and www.cdslindia.com

Finally -

After successfully opening the demat account, the DP will allot “Beneficial Owner Identification” Number, which will be needed to mention for all your future transactions.

If you want to sell your shares, you need to place an order with your broker and give a 'Delivery Instruction' to your DP.

The DP will debit your account with the number of shares sold. You will receive the payment from your broker.

If you want to buy shares, inform your broker about your Depository Account Number, so that the shares bought are credited into your account.

Important points to remember while opening online account
¨ Make multiple enquiries and try get low brokerage trading account.
¨ Also discuss about the margin they provide for day trading.
¨ Discuss about fund transfer. The fund transfer should be reliable and easy. Fund transfer from your bank account
to trading account and visa versa. Some online share trading account has integrated savings account which
makes easy for you to transfer funds from your saving account to trading account.
¨ Very important is about service they provide, the research calls, intraday or daily trading tips.
¨ Also enquire about their services charges and any other hidden if any.
¨ And also see how reliable and easy is to contact them in case if any emergency. Emergency closing or squaring
off trades in case of any technical or other problems.