Low brokerage charges; as less as 2 Paisa*
Our customers can opt to execute trade over the phone free of cost.
A rewarding referral program that can contribute to a lifetime source of earning.
Trade via the website or Android and iOS App with state-of-the-art features.
Instantly open a paperless Demat account online within 5 minutes.
RESEARCH & ADVISORY SERVICES
A dedicated research team that provides Technical and Fundamental Research at no extra cost.
An excellent support team that guides you at every step available via phone and emails and branch offices.
We have 48 local offices available across the country at your service.
25+ YEARS OF EXPERIENCE
A trusted name in the broking industry backed by 25+ years of experience in the finance domain.
Brokerage is charged on a percentage basis for Intraday, Delivery and Futures while the brokerage for Options is calculated on the basis of a flat fee.
Fill in the required details and upload the relevant documents along with a passport size photograph.
Complete the In-person verification (IPV).
Your Demat Account opening is successful with Choice Broking.
Courier us the signed copy of the Power of Attorney (POA) sent on your registered Email ID.
You will be required to provide recent photos along with proof of Identity, Address and Income (ITR) to open a Demat account in India.
Demat account serve the all-important purpose of storing your investment products in electronic form and allowing you to trade or invest on-the-go.
Think of Demat Accounts as the regular savings account of a bank, except Demat is for stock market investments. You need to have a Demat to be able to participate in the capital markets, besides it provides hassle-free trading, with zero paperwork involved.
Demat Account have to opened via the 2 depositories, CDSL and NSDL. These depositories come under the supervision of Market regulator, SEBI.
Central Depositories Services India Ltd, commonly known as CDSL, is a government registered share depository. Depositories hold shares in electronic form, just like banks convert your physical cash into electronic form.
CDSL is the depository for BSE (Bombay Stock Exchange).
National Securities Depository Ltd, commonly known as NSDL, is a government registered share depository.
NSDL is the depository for NSE (National Stock Exchange).
Both depositories facilitate inter-exchange transactions and vice-versa.
Most brokers offer Demat account for free i.e., no account opening charges. This,however, depends on the broker. Typically though, if the broker chooses to charge investors for opening a Demat Account with them, it could be anything under Rs.1000, a one-time account opening fee.
AMCs or Annual Maintenance Charge is something that most brokers take. There is some effort involved in keeping your Demat Account alive, so the broker takes certain fees from you, also this will be under 1000 rupees depending on the broker.
This is the most common type and is available for majority of the Indian citizens residing in India.
Non-resident Indians or NRIs can apply for this account. It needs to be linked to an NRE (Non-Resident External) bank account.
This is another type that is available for NRIs. It must be linked to an NRO (Non-Resident Ordinary) account, and does not allow you to send money overseas.
There are plenty of uses for a Demat account, some of them are,
Demat Account give convenient and easy access to your investment and the reports you’d like, anytime and anywhere.
All your securities are stores in electronic form, so completely hassle-free and saves time. All those risks associated with handling paper like forgery, loss of physical shares etc. are negated.
With Demat accounts, it is easy for companies to transfer Dividends, Bonuses, stock splits, interest etc. to their shareholders and it is easy for you to receive them as well.
Physical transfer of shares used to take a long time before, now it is easy to transfer shares and no stamp duty applicable as well.
Since trading with Demat is so fluid, getting profits on shares is also instant. Getting your hands on that profit is also quick, so highly liquid.Loan against shares: This is another big advantage; you can mortgage the shares you own to get loan for it.
If you would like a smooth, hassle-free trading / investment experience, then it isbetter to open a Demat account. It’s not, however, mandatory if you’re just goingto trade during market hours, and never take delivery.
Just for trading you can open a Trading Account, but remember you can never take delivery of any shares. This can be problematic if you’re expecting the market to rebound or go up the next day. It is advisable to directly go for a Demat Account which will automatically open the trading account to complete the circle.
Use the below checklist to select the Best Demat Account Online,
Should open in 10 minutes and paperless!
The broker should provide a well-thought and easy to use App and web platform to access Demat and facilitate hassle-free trading.
Trading and brokerage cost should be reasonable, but see what the broker is offering as well. Just saving brokerage should not be the aim, since you will need the research and customer service provided by the broker.
Know the square-off timings of the broker beforehand
Full-service brokers provide complete fundamental and technical research for investments, intra-day calls, customer-service and dealer-desk, portfolio and wealth management services, so select your broker wisely.