How To Open Share Market Account Online
Since
you are reading this article, you have already decided to start your investing
journey. Good decision!
The
journey towards trading and investing in the share market can often be
challenging for beginners because they lack the expertise and knowledge of how the
share market works. But dear friend, there is nothing to worry about, all you
need to do is find a knowledge portal like ours and read through the free
resources available for your benefit.
If you
are just starting and wondering about share market account opening, this article is for
you.
Since
1996, the stock markets have shifted to an electronic
mode of trading (dematerialisation). With the advent of electronic trading, you
can execute a trade with a simple online command. However, to start
trading in the share market, you need a trading account and demat account.
What is a Trading Account?
A trading
account is an interface between the demat
account and the investor. It is required to buy and sell securities in the
stock market. Wondering how it works? When you place the order through the
trading account, your request to buy or sell is forwarded to the stock
exchanges. When you purchase shares, money is transferred from your bank
to your trading account and securities are
deposited in your demat account. The same goes for selling shares.
Similar to a bank account, a demat account holds
your shares and securities in an electronic form. It is a facility where securities
bought are deposited and the securities sold are withdrawn.
For share market account opening,
you need to fill out an online account opening form with the broker. With
Indira Securities, you can open
a demat account and trading account by following a few simple and quick
steps.
1. Click
on the account
opening link on the Indira Securities website.
2. Fill
in the basic details such as name, mobile number, email id, etc. and complete
the necessary formalities for the successful completion of E-KYC procedures.
3. Provide
your address and bank details.
4. Submit
the required documents for opening a demat and trading account online;
. PAN card
. Address
proof
. Cancelled
cheque
. Signature
. Passport
size photograph
. If you
wish to trade in the derivatives and commodity segment, you will need to submit
any one document from the below list:
o
Bank statement for the last 6 months
o
Passbook for the last 6 months
o
Income tax returns for the last three years
o
Salary slip for 6 months
o
CA certified net worth certificate
5. E-sign
your form with the help of OTP sent on your registered Aadhaar linked mobile
number.
6. Submit
the online application form. Alternatively, you can also send forms to the
following address - “204-205 Amar Darshan, 28/2, Old Palasia Indore – 452018”.
7. On a successful
application, you will receive the login credentials.
8. Login
to your account and start trading.
For
any assistance, you can reach us at 0731 - 4797170 ext. – 171 / 172, or
customercare@indiratrade.com
Conclusion
Now
you are ready to begin your online trading and investment journey with Indira
Securities. Open a demat account and trading account now and avail the benefit
of the lowest price!