You can find incredible number of younger generation people love to do trade all over the world, but all cannot reach or achieve their desire easily. For example, the first issue arises as soon as you have decided to trade in Indian stock market is where to start and how to start? First step which you have to do towards such dream is done by opening an demat account.
Demat account:
Demat account stands for dematerialized account, mainly used for the purpose of trading in the stock market. Without having this account one cannot trade in share markets, if you are the main owner or the account holder of this demat account then you will be a depository participants of NSDL (national depository security) and CSDL (central depository security). All active banks within the nation are said to be the depository participants of NSDL and CSDL.
How can I open my demat account?
· First thing you have to do towards opening demat account is done by opening an savings account in the same bank.
· By submitting the same documents as proof you have to create demat account by giving an application form.
· Once your documents are verified your account will be approved and then you demat account will be linked with the savings one
· You are not allowed to do any transactions through demat account. You can make use of savings account for all such necessities.
Demat account & its types:
Online account: all the transactions can be done with the help of internet facility itself.
Offline account: In this account type no transactions can be done directly, it can be done either through the broker or else through phone. Limits of account holder can be increased in case if your broker thinks it’s right.
Asides these there are innumerous things available in stock markets. If you are one among those who is having ambition towards working in stock market then start working for NISM depository mock test which is an important test for getting depository operation certification. Other than this, there are number of certification exams available in online, you can make use of them just by trawl through the website pass4sure.in.
In this modern drastic world, each and every activity keeps on growing and changing with enormous features and advents. Some of the advents and features evolved in the field of Indian stock market have been discussed here. In case of state level stock exchanges there are “n” number of incredible stock exchanges available. NSE (national stock exchange) and BSE (Bombay stock exchange) are the two important stock exchanges available in India. Among these 2 stock exchanges nearly 93% volume are from NSE and then remaining particular percent value comes from other stock exchanges like BSE.