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How To Open Share Market Account Online June 17 2022Stock Market Education

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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.

What is a Demat Account?

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 It is a facility where securities bought are deposited and the securities sold are withdrawn.

How to Open a Demat Account and Trading Account Online?

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!

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Shivkumar P. Email: compliance@indiratrade.com. Call : 0731-4797275

Investors Grievance Email : complaint@indiratrade.com

INVESTOR CHARTER