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Demat and Trading Account - reliancesmartmoney.com

Open Free Demat Account Online instantly with reliancesmartmoney.com for secure and paperless trading. Get detailed insights on how to open demat account, list of document for demat account.<br>https://www.reliancesmartmoney.com/demat-account-online

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Demat and Trading Account - reliancesmartmoney.com

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  1. Difference Between Demat And Trading Account

  2. WHAT IS A TRADING And Demat ACCOUNT? • A trading account is an investment account that holds securities, cash and other holdings like any brokerage account. With a trading account, an investor can buy and sell assets as frequently as they want, that too within the same trading session. • Demat Account: It acts as a repository to store the shares you buy in digital format

  3. DIFFERENCE BETWEEN DEMAT AND TRADING ACCOUNTS? • A trading account is used to place buy or sell orders in the stock market. The demat account is used as a bank where shares bought are deposited in, and where shares sold are taken from. Trading account with Kotak Securities helps you trade seamlessly in the stock market.

  4. ONLINE TRADING ACCOUNT OPENING STEPS? • First, select the stock broker or firm. Ensure that the broker is good and will take your orders in a timely manner. • Fill these two forms up. Submit along with two documents that serve as proof of your identity and address. • Your application will be verified either through an in-person check or on the phone, where you will be asked to divulge your personal details. • Once processed, you will be given your trading accounts details. Congrats, you will now be able to conduct trades in the stock market.

  5. Steps to Open Demat Account Online • Choose an intermediary - You may choose a bank, a brokerage, or any other financial institution as your intermediary. An intermediary works as a middle-man between the stock exchange and the investor. • Documents required to open a demataccountonline - Along with your account application form, you need to enclose documents for identity and address proof. • Contract - Next, you should sign an agreement with your intermediary that includes details on the rights and duties of the investor and the intermediary. You will receive a copy of this agreement and details of charges, for future reference. • Demat account number - After completing all the steps above, your bank/ brokerage firm (intermediary) will open your demat account.

  6. Thank You

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