0Demat Account : -
Demat a/c is like a bank account we can keep securities in it rather than money. If we calssify the demat we will find 2 portion :
1. Trading a/c : Where we can keep cash only
2. Demat : Where we can keep securities only.
Note : Securities word here containing by a range like: share, bond, debenture, commercial paper etc.
Dcouments required :
1. One id proof
2. One address proof
3. Cancelled cheque
4. 2 photogra ( latest )
5. Income proof : Salary slip or 6 month bank statement
Where to open this : Open with SEBI registered broker only ( types best 10 brokers in your areas)
Does it containig any cost : Yes, AMC charges around 350 - 900 for a year.
