Top 10 Best Demat Account Providers (Full Service) in 2017 in India

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Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder will have a Dematerialized axis brokerage trading accounts for beginners for the purpose of transacting.

Access to the Dematerialized account requires an internet password and a transaction password. Transfers or purchases of securities can then be initiated. Purchases and sales of securities on the Dematerialized account are automatically made once transactions are confirmed and completed. Further, it eliminates the risks associated with forgery and due to damaged stock certificates. After the introduction of the depository system by the Depository Act ofthe process for sales, purchases and transfers of shares became significantly easier and most axis brokerage trading accounts for beginners the risks associated with paper certificates were mitigated.

Intrading began on NSE for shares held in demat account form. It was the beginning of a new paperless trading stock market trading environment. If an investor buys a share today, it gets credited to the investor's account in two days. Today, shares get transferred to the investor's demat account. The depository system helps in reducing the cost of new issues due axis brokerage trading accounts for beginners lower printing and distribution costs.

It increases the efficiency. Benefit to the investor: The depository system reduces risks involved in holding physical certificates, e. It ensures transfer settlements and reduces axis brokerage trading accounts for beginners in registration of shares. It ensures faster communication to investors. It helps avoid bad delivery problems due to signature differences, etc.

It axis brokerage trading accounts for beginners faster payment on sale of shares. No stamp duty is paid on transfer of shares. It provides more acceptability and liquidity of securities.

It reduces risks of delayed settlement. It ensures greater profit due to increase in volume of trading. It eliminates chances of forgery or bad delivery. It increases overall trading and profitability.

It increases confidence in their investors. A depository in simple terms is an institution holding a pool of pre-verified shares held in electronic mode that offers efficient settlement of transactions. A Depository Participant DP is an intermediary between the investor and the depository. A DP is typically a financial organization like a bank, broker, financial institution, or custodian acting as an agent of the depository to make its services available to the investors.

Converting physical records of investments into electronic records is called "dematerialising" of securities. In order to dematerialise physical securities, investors must fill in a Demat Request Form DRFwhich is available with the DP and submit the same along with physical certificates.

A comparison of the fees charged by different DPs is detailed below. There are a few distinct advantages of having a bank as a DP. Having a Demat account with a bank DP, usually provides quick processing, accessibility, convenience, and online transaction capability axis brokerage trading accounts for beginners the investor.

Generally, banks credit the Demat account with shares in case of purchase, or credit a savings account with the proceeds of a sale, on the third day. Banks are also advantageous because of the number of branches they have. Some banks give the option of opening a demat account in any branch, while others restrict themselves to a select set of branches. Some private banks also provide online access to the demat account.

Hence, the investors can conveniently check online details of their holdings, transactions and status of requests through their bank's net-banking facility. A broker who acts as a DP may not be able to provide these services. There are four major charges usually levied on a demat account: Charges for all fees vary from DP to DP. Depending on or may not be an opening account fee.

However, players such as Elite Wealth advisors Ltd. But in Ventura Securities ltd, Angel Broking [5] and some other companies do not have an any opening charge.

State Bank of India does not charge any account opening charge while other maintenance and transaction charges apply. Most players levy this when re-opening a demat account. The fee is also refundable. This is also known as folio maintenance charges, and is generally levied in advance. It is charged on annual or monthly basis. The fee also differs based on the kind of transaction buying or selling. Some DPs charge only for debiting the securities, while others charge for both.

In addition, service tax is also charged by the DPs. In addition to the other fees, the DP also charges a fee for converting the shares from the physical to the electronic form or vice versa.

This fee varies for both demat physical-to-electronic and remat electronic-to-physical requests. For demat transactions, some DPs charge a flat fee per request in addition to the variable fee per certificate, while others charge only the variable fee.

For instance, Stock Holding Corporation has charged Rs 25 as the request fee and Rs 3 per certificate as the variable fee. However, SBI has charged only the variable fee, as Rs 3 per certificate. Remat requests also have charges akin to that of axis brokerage trading accounts for beginners. However, variable charges for remat are generally higher than demat. Some of the additional features usually offered by banks are as follows. Some DPs offer a frequent-trader account, where they charge frequent traders at lower rates than the standard charges.

Demat account holders are generally required to pay the DP an advance fee for each account that will be adjusted against the various service charges. The account holder needs to raise the balance when it falls below a certain amount prescribed by the DP. However, if the holders also hold a savings account with the DP, they can provide a debit authorisation to the DP axis brokerage trading accounts for beginners paying this charge.

Finally, once choosing a Axis brokerage trading accounts for beginners, it would be prudent to keep all accounts with that DP, so that tracking of capital gains liability is easier. This is because when calculating capital gains taxthe period of holding will be determined by the DP, and different DPs follow different methods.

The proof of the cost of acquisition will be the contract note. The computation of capital gains is axis brokerage trading accounts for beginners account-wise. All applicants should carry original documents for verification by an authorized official of the depository participant, under his signature. Further, the investor has to sign an agreement with the DP in a depository prescribed standard format, which details rights and duties of investor and DP.

DP should provide the investor with a copy of the agreement and schedule of charges for their future reference. The DP may revise the charges by giving 30 days notice in advance. SEBI has rationalised the cost structure for dematerialisation by removing account-opening charges, transaction charges for credit of securities, and custody charges vide circular dated January 28, You have to sign a contract with Stock broker. Generally the documents are:. The first check made is whether both Demat accounts are at the same depository.

There are two depositories: The investor should submit the DIS when the market is open. Accordingly, date of submission of DIS and date of execution of DIS can be same or a difference of one day is also acceptable. The investor also has to pay the broker some charges for the transfer. From Wikipedia, the free encyclopedia. Retrieved 18 February Archived from the original on Retrieved from " https: Securities finance Stock market Financial services in India.

Views Read Edit View history. This page was last edited on 11 Aprilat By using this site, you agree to the Terms of Axis brokerage trading accounts for beginners and Privacy Policy.

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If you want to invest in stocks or mutual funds or IPOs you would trade them through your full services demat account.

There are several stock brokers offering demat and trading account. Some are offering 3-in-1 trading and demat account. Some of them have unique features. Who are the best demat account providers in offering full services in India? Which is the Best Demat Account in in India? In this article I would provide Top 5 Stock Brokers offering 3-in-1 Demat and trading account and also 5 Best Demat Account providers offered trading and demat account.

Discount Stock brokers offer demat account with low charges. However they offer only stocks, futures and currency trading. Some of the full service stock brokers offer 3-in-1 trading account too. Who should consider opening these full service demat accounts in India in ?

If you are new to the investment world, you can consider opening one of these demat accounts. If you are already existing investor, but do not want to have too many accounts to float, you can consider opening these demat accounts. To whom these demat accounts may not be useful?

If you are daily trader or trades high volume, these are not for you. Daily traders trade very high volume and even small brokerage can eat away their profits, hence they can stay away from such demat accounts. There are stock brokers who are offering 3-in-1 account i. Demat, Trading and Savings Bank Account. This gives you easy access to your funds to trade and utilize funds when you need. Its features are very simple to use, hence it has become popular stock broker offering demat account in India.

Here are the features of this demat account. Account opening charges — Rs Demat Account Annual Charges — Rs Brokerage charges for Equity Trading — 0. Brokerage charges for Equity Intraday — 0. Brokerage charges for Equity Futures — 0. Brokerage charges for Equity Options— Rs 95 per contract. Brokerage charges for Currency Futures — 0. Brokerage charges for Currency Options — Rs 25 per contract. Some of the good features: It uses trading racer platform which is very fast compared to other platforms and even simple to use.

This would be useful if you want to sell or buy a stock at fixed price till that reaches irrespective it is today or tomorrow or after 3 months. Free stock recommendations from their advisory board. Brokerage charges for Equity trading — 0. Brokerage charges for Equity Options— Rs per contract. Brokerage charges for Currency Futures — Rs 23 per contract. Brokerage charges for Currency Options — Rs 23 per contract.

If you trade heavily on currency, you can opt for this demat and trading account. Here are the features of the demat account. Brokerage charges for Equity Brokerage — 0. Brokerage charges for Equity Options— Rs per lot. Brokerage charges for Currency Options — Rs 30 per lot. Brokerage charges for Currency Options — Rs per lot. These stock brokers does not offer savings bank account not 3-in-1 accounts. They just offer trading and demat account but they are full service brokers. Top 6— Motilal Oswal Demat Account.

You can open Motilal Oswal Demat Account in 15 minutes which is paperless. Account opening charges — Rs 0. Brokerage charges for Equity Delivery — 0. Limited information is available on this demat account.

The research reports are of great help as their stock recommendations are solid. You may also like: Best Stocks to buy in that would benefit from GST. Top 7— Nirmal Bang — Basic Plan. Brokerage charges for Equity Options— Rs 35 per lot. Brokerage charges for Currency Options — Rs 20 per lot.

Low charges for equity or futures makes this demat account as unique. Account opening charges — Rs 1, Brokerage charges for Equity Options— Rs 70 per lot. Low charges for equity or futures, makes this demat account as unique. Top 9— Aditya Birla — iDecide Plan. Brokerage charges for Equity Options— Rs 50 per lot. Even this plan offers Low charges for equity or futures. Good for investors who invest on regular basis.

Top 10— IndiaBulls — Power — Trading and demat account. I opened 3-in-1 account with ICICIDirect almost 15 years back as it provides access to all services like stock trading, futures trading, mutual fund investments, fixed deposits and IPOs. You should consider opening demat account based on your investment style and low brokerage for the investment options which you generally trade. If you enjoyed this article, share it with your friends and colleagues through Face book and Twitter. Recently I closed my trading account from angel broking ltd.

I have a question that what about my demat account number then,Is it also closed with trading account? Also I would like to know about the debenture which I invested in a pvt financial company as I invested in debentures on the basis of demat number which was given me by angel broking before closing trading account.

Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. July 27, at 5: July 26, at 6: July 29, at 7: It is discount broker. This article is for full service brokers. July 20, at 2: Sir Recently I closed my trading account from angel broking ltd. July 20, at 1: Leave a Reply Cancel reply Your email address will not be published.