Pre-required things to open Demat account in India

Pre-required things to open a Demat account in India???

Hi investors today we are going to discuss about what are the pre-required documents to open a Demat and trading account in India, who are interested to enter into a market world, this is a basic concept to understand to open a trading and Demat account, most of the peoples are interested to enter the market but they don’t know where to start and how to start.

Once upon a time when I am a beginner even I to don’t know those things and I am really confused with these, yesterday evening I talked with my close friend Jeevan regarding the stock market he asked me many doubts about the shares and stock market I guided him to open a demat account, I received some questions flowing in my mind still now generally many of the persons are don’t know this and all, so I decided to write an article about how to open a demat account and this article is for you beginners.

Pre-required documents to open a demat account;

1. Pan card: Pan card (or) permanent account number without pan card I can’t open the Demat account, it is a part of overall documentation to open a demat account, it is one of an id proof

2. ID proofs:

Id proofs are nothing but address proof like

• Adhaar card
• Voter ID
• Driving license
• Address proof
• Passport

3. Bank account details
4. Bank statement ( 3 months)
5. Cancelled cheque
6. Passport size photo’s (4 enough)

Those documents are a part of open a trading and demat account, overall with a signed copy.

And there is another few requirements to open a demat account and trading account

• Savings bank account
• Laptop/computer
• Internet connection

Before going to invest I suggest you some pieces of advice before investing :

1. Set a goal
2. Invest some amount of your savings
3. First Pay your debts
4. Select your broker (full-service or Discount broker)
5. Read some investment books
6. Follow some strategies

Some other few additional points to do regularly:

• Start with a small amount
• Invest regularly
• Diversify your asset allocation
• Invest what to understand
• Believe the company
• Don’t invest on tips and advice
• Be patient
• Avoid herd mentality
• Beginners invest in blue-chip stocks
• Continue your learning

Hope it’s helpful to you who are new to market……