How do I set up dmat a/c?

Now a days many banks (not all) have tie ups with leading brokerages. They offer on-line banking with demat services.

How do I set up dmat a/c?
Hi,


I suppose you wished to know "how to open a demat account".. Well, first thing you need to have is a PAN card (which is mandatory).. You need to have a Bank account also. If you're trading from your house, you could have an account with a bank which allows you to transfer funds online (instead of presenting a cheque to your broker).. Next, find a broker that you're comfortable with. If you're a short-term/intraday/swing trader, you better search for the best deal. If you're a long-term investor, any brokerage house will do. I have my account with Geojit, India Infoline %26amp; Reliance Money. I use Geojit for long-term investment, India Infoline for their intraday charts (which is not so good these days!) and Reliance money for their low brokerage.. Please read the agreement papers carefully before you sign. Never mind even if you take a week to do that.. Review your investments regularly.. I've seen many professionals lose out millions by giving full authority to their brokers to trade.. Never forget that brokers are your enemies. They make their living by charging you a fee..


Along with the demat account, you need to open a trading account. There's a separate form for this which will be given along with the demat account opening form..


All the best!


Swaroop Kashyap D [kashyap_swaroop@yahoo.co.in]