Open a share market account and get a free demat account with no fees

Share markets are places where people buy and sell shares of companies to earn profit. However, to trade on the share market, you need a Share Market Account and a Demat Account. In this blog, we will discuss how to open a share market account and get a free Demat account with zero brokerage.

What are a Share Market Account and a Demat Account?

A share market account open is an online trading account that allows investors to trade on the stock market. It is similar to a bank account where you can deposit and withdraw funds to buy and sell shares of companies listed on the stock exchange. On the other hand, a Demat Account is an electronic account that holds all the shares and securities an individual has purchased in digital format.

The importance of having a share market account for stock market investing

Having a share market account is essential if you want to invest in the stock market. It is a gateway that enables you to buy and sell shares of companies on the stock market. Without a share market account, you cannot trade stocks.

How to open a share market account

Opening a share market account is easy. Here’s a step-by-step procedure to open a share market account:

Documents required for opening a share market account

Before opening a share market account, you need the following documents:

– Identity proof (AADHAAR card, voter ID, passport, or driver’s license)

– Address proof (electricity bill, AADHAAR card, voter ID, or bank statement)

– PAN card

– Bank account details

Step-by-step procedure for opening a share market account

Step 1: Choose a stockbroker – A stockbroker is a person or firm that executes buy and sell orders on behalf of their clients. You can choose a stockbroker based on brokerage fees, services offered, and customer reviews.

Step 2: Fill in the application form – Fill out the application form with your personal details, contact information, and bank details.

Step 3: Submit the required documents – Attach the required documents, including identity proof, address proof, PAN card, and bank account details.

Step 4: Verification process – Once you submit the application form and required documents, the stockbroker will verify them. The verification process takes 1-2 working days.

Step 5: Activation – After successful verification, your share market account will be activated, and you can start trading in the stock market.