DEMATE ACCOUNT This account as like as saving account but here we use this account for Keeping share in demate account. When we buy some share this share credit to this account and hold.When we sell some share it will debit from that account.
We can open this account at any BROKER approved by sebi.For opening account we must fulfilled following basic requirement.
PAN CARD.
ADDRESS PROOF.
IDENTITY PROOF.
CHECK OF ANY BANK AMMOUNT Rs 750/( it may vary)
PHOTO.
Before Opening DEMATE account following care should be taken.
Check out yearly charges.
Check out brokerage (Share Handling charges for in and out).
You can compare this value with different broker.
Also you must see if you are trying to trade online…
Interface of software….
Easy connectivity…..
Dial trading response i. e. FREE Phone line response etc concern to broker.