Demat a/c is an account where we can keep digital securities, it may be shares, bond, debenture, commercial paper etc. It is just like a bank a/c but you can keep share in Demat a/c instead of cash in bank account. ISFM giving facility to its student to open free Demat a/c after taking admission.
Demat a/c having Classification
01. Trading account: Where we can keep cash and can buying and
selling of securities.
02. Demat account: Where we can keep digital securities storage.
Where can open
We can open Demat a/c with any intermediaries which is registered by SEBI. These intermediaries may be stock broker and bank also.
01. We required one ID and one Address proof to open the demat a/c.
02. PAN card is mandatory document to open a Demat a/c.
03. Voter Card
04. Driving license
06. Ration Card
07. Uid Card
08. Water / Electric Bill
09. Bank Passbook
10. Bank a/c Cheque
11. Passport size 2 Photo
How to Open Demat A/c
Demat a/c can be opened with any intermediaries which is registered with SEBI, it may be Stock brokers, Banks etc.
We have tie-up with different stock broker which are leading player in the industry to open free Demat a/c in Gurgaon for our students. ISFM help student to understanding of live aspect of the market.