About Equity
What is Trading Account ? and how to
open Trading Account.
A trading account is a bridge between your Demat and bank account. When an investor buys a certain number of shares, the first step is to transfer the amount from the bank account to the trading account. After the money is credited, the transaction is initiated.
Similarly, when an investor sells a certain number of shares, the amount of the transaction is credited to the trading account.
Here are a few noteworthy points about a trading account Opening :
- It takes nearly 2-3 working days for the trading account to reflect a transaction.
- Investors can create multiple Demat accounts and trading accounts.
- It is not compulsory to open both these accounts with the same broker or bank.
-
Investors can open their own Demat account if the broker does not have the facility to do so.
-
Investors must ensure that the form they submit to open their own account mentions their account details correctly.
-
here to download trading account opening form
What is Demat Account? And how to
open Demat Account?
The Demat account is where your securities will be held digitally. You will need to furnish the following documents to open a new Demat account:
- A passport-size photograph.
- A copy of your PAN card.
- Identity proof such as Aadhaar card, passport, voter ID card, driving license, PAN card, or any other authorized photo identity.
-
Address proof such as ration card, passport, voter ID card, driving license, bank passbook, electricity bill, self-declaration from the High Court or Supreme Court, identity card, or address proof given by a recognized authority.
After you submit the required documents and they are verified, a Demat account is created.
Furthermore, a trading account is simultaneously created with the Demat account. You will need to submit the following documents to start a trading account:
- A passport-size photograph.
- A copy of your PAN card.
- Identity proof such as Aadhaar card, passport, voter ID card, driving license, PAN card, or any other authorized photo identity.
-
Address proof such as ration card, passport, voter ID card, driving license, bank passbook, electricity bill, self-declaration from the High Court or Supreme Court, identity card, or address proof given by a recognized authority.
What is KYC Form?
The KYC, or Know Your Client, application form is an agreement between you and the broker. You have to provide the necessary information, which we will validate. Some important regulations that are applied to the KYC form that you must consider are:
- Common KYC form for all investment types registered at the stock exchange.
- Similar set of documents for KYC of all kinds of investment types.
- There are two different forms for individual and non-individual investors.
-
Complete the KYC form in all respects and strike off the blank fields.
-
Do not sign an empty form.
-
Cross out any page that you leave blank.
-
Know the documents required to be submitted to your broker.
The following documents must be attached with a KYC application form:
- Identity proof such as Aadhaar, Passport, Voter ID, Driving License, PAN, or any other authorized photo identity.
- A latest passport-size photograph.
- Address proof such as Ration Card, Passport, Voter ID, Driving License, Bank Passbook, Electricity Bill, self-declaration from High Court or Supreme Court, or any other identity card, or Address Proof, issued by a recognized authority.
-
Photocopy of your PAN card.
After you successfully submit the above form and documents, we will open a trading account in your name.
You will then get a unique identity number known as a Client Code.
You must use this Client code for every trade that is carried out on your behalf by us.
********We entertain clients who are known to Directors, Shares Holders and Employee's only.********