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Demat account

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This query is : Resolved

priyankl (Querist)

23 May 2014 Dear Experts,

please guide me on the following issues:-

1) which account is opened first trading account or demat account ?
2) can i open my demat account with state bank of india and demat account with any of the broker like motilal oswal, angel broking etc.?

Regards & thanks.

Nikhil Kaushik

Nikhil Kaushik (Expert)

24 May 2014 these days, the most preferred way to open an account is 3-in-1 accounts with bank, broking and trading account with same entity or entities with collaboration.

I would suggest that you pick institutions like HDFC Bank etc. and even if you want to pick Motilal oswal, they do have tie-up with SBI.

for your own benefit open the accounts together at one place.

Rupesh Jain

Rupesh Jain (Expert)

31 May 2014 you can open demat a/c and then trading a/c. for trading a/c you want client master of demat a/c.

it is best you open both a/c with single agency.

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