First Step in Buying and Selling Stock
Here many of us have a query that how to buy and sell stock in Stock Market. First step is to open a Demat Account
How to open a Demat Account?
First step is to choose a brokerage. There are many broking firms like Zerodha, Upstox etc. then you need to fill the details asked by the brokerage firms to link the bank account and to submit documents like PAN card details, Bank Account Statement for 6 months, and Aadhar card details. Then you need pay minimum amount as a deposit. Your account will be opened within 48 hours. Here I don't suggest any brokerage firm. Before opening choose the brokerage who will charge less and provide more features for trading.
What is Demat Account?
Demat Account is the short form of dematerialisation account, and it helps us in holding investments like Shares, Bonds, Government Securities, Mutual Funds, Insurance and ETFs easier. With Demat account we need not have to hold the shares physically, so it is easy for investors and traders to hold the stock.
Short and crispt explanation.Good!
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