Share/Stock Market. Need suggestions from Experts here @ IBF

raj2007

Chennai
[OP]
Regulars
Feb 27, 2009
2,464
125
Chennai
I'm new to Share Market with a very little knowledge.

Kindly suggest me the Do's and Don'ts of it

I am going to invest in few thousands only, so based on that i need suggestions

Demat Account - Which one is the cheap and best(service charges) bank to open a a/c?
 

arafat

Member
May 25, 2016
58
6
Open demat after bargaining brokerage and annual charges .
Try Sharekhan/IIFL .... I have ac with IIFL and icicidirect
 
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amish

Star gazer
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Jul 3, 2006
24,680
1,065
Mumbai
check - www.upstox.com (probably cheapest broker)

Using from about 2 yrs. (investment only - no day trading)

You can link any bank.

No brokerage charges for delivery trades. (except exchange and government charges)

They have started charging for DEMAT account recently. (150Rs per year)

But since I was the early user - I fall under no AMC offer.

Their mobile app and browser based UI is excellent... I cant compare with other brokers though as I have not used any other.
 


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amish

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Jul 3, 2006
24,680
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Mumbai
Bank does not (or should not) charge anything for saving account.

Saving account and DEMAT account is different thing.

DEMAT account and trading account you need have of upstox.

Bank account you can have of any bank (but should be under same name/PAN as trading account)
 
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raj2007

Chennai
[OP]
Regulars
Feb 27, 2009
2,464
125
Chennai
Yeah i know the difference btw savings and demat a/c.
So it seems i can have any bank's demat a/c. OK

So i have to register with a stock broker..hmm..ok..got it
 


amish

Star gazer
Regulars
Jul 3, 2006
24,680
1,065
Mumbai
With upstox you can not have any bank's DEMAT account. You have to have their DEMAT account.
 
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