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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.
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