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what is the minimum amount required to open a demat account? March 04 2021Demat account opening, how to open Demat account

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Demat account has been a point of discussion in the past blogs. Every individual which has fair knowledge about share market knows that holding a demat account is mandatory in order to trade in the share market. Any investor in India who intends to own securities such as stocks, bonds, or mutual funds must first open a demat account. Demat accounts are electronic records that track the ownership of tradable assets. Demat is the short form for dematerialized.

Opening a demat account is really an easy process wherein you just have to provide the necessary details asked and you’re good to go. Although you need to pay charges to open a demat account.


Until a few years ago, investors had to pay a handsome amount to open a demat account. Now a days demat account opening charges are drastically reduced.

The Account Maintenance Charge is a charge which is levied on the account holder by the service provider in order to maintain the demat account. The Annual Maintenance Charges (AMC) vary significantly. Some DPs charge investors a flat fee of Rs 300-500 per year, while others waive annual maintenance fees for the first year to draw customers then they start charging from the second year onwards.

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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."
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
INDIRA COMMODITIES PVT. LTD. CIN : U65921MH1995PTC089399

DISCLAIMER:

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

INVESTORS GRIEVANCE

Manoj Bhandari. Email: complaint@indiratrade.com. Call : 0731-4797275