Since 2000, when the stock markets became electronic, it is essential to open a trading account with a stockbroker/financial institution to invest in the stock market.
Your investment journey starts with an online trading account. Online trading is an upgraded version of regular trading that gives you platforms on the web to trade and also the freedom from paper-based documentation.
An online Trading Account is a link between a Demat account and a Savings Account. Just like a bank savings account is used to store money, the Demat account is used to store dematerialized shares. An online trading account facilitates the investor to place an order in the stock exchange, the order goes directly to the exchange and stocks bought are credited to the investor’s Demat account.
So, for simple and seamless trading through an exchange, users can place buy or sell orders to broking firms online or on phone.
One need not be 18 years of age in order to hold a trading account. After submitting the respective documents, a minor can also hold a trading account, given it is open by the parents or the appointed guardian.
One cannot open a trading account without a valid PAN Card. It is the most important document required to open a trading account. You will have to submit a copy of your PAN card along with other KYC documents while opening a trading account.
In order to be eligible to open a trading account, you will need to submit other documents in addition to you PAN card for identification purposes –
● Aadhar card
● Bank proof – copy of passbook/bank statement
● Signature (same as PAN card)
Fill up your personal details via our secured online account opening platform.
Fill up your DOB, PAN, personal and bank details, upload your documents.
E-sign your application via Aadhaar OTP. You are done!