LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

REGARDING OPENING OF DEMAT ACCOUNT

31 March 2019

Hlo everyone.

I want to know that today I sent a request of opening demat account on samco securities ltd . I have attached the bank details but now I want to know that if I am not trading in future whether the annual maintenance charges is deducted from bank account.

Documents like aadhar and other required documents are not attached and also their is a requirement to sent documents of application physically . If I will not submit documents whether the application is accepted or annual charges deduct or not ??

please guide....

Reply
Follow
Share

7 Replies

ca.nsrawt (Legal Consultancy) (256 Points)
Replied 31 March 2019

Dear Pooja,
Demat account is totally different from your bank transaction. Demat Accounts holders companies take their own charges according to their pera meters. Once Demat account get active, after any transaction either by money transfer or by activated getting otp and get login by your received password, charges will apply as per their policies but can not get deduct by you bank account.
Regards,
Naveen Singh
9716822331

pooja singhal (25 Points)
Replied 31 March 2019

Thanks for your reply .

but I have one more question.
if I will not sent any documents further so the account is not activate and also no charges of demat account holders companies .

ca.nsrawt (Legal Consultancy) (256 Points)
Replied 31 March 2019

Without your aadhar and pan card, no one can open your Demat account.
These days almost all demat companies providing account with no charges facility but they take commission at the time of buy and sell.

pooja singhal (25 Points)
Replied 31 March 2019

I get the OTP only for email verification and I also put a password at the time of filing online application .Does it means account is activate ?

ca.nsrawt (Legal Consultancy) (256 Points)
Replied 01 April 2019

If you are able to online access your Demat account, that means your account is active

Priya Kashyap (Student) (7048 Points)
Replied 06 April 2019

Aadhar pan and bank required

Confused Human (2 Points)
Replied 18 April 2022

Anyone interested in investing in the stock market should first open a demat account. To open the Demat account, all you need to do is:
Install the app if you choose the smartphone as an option. Install the Kotak Stock Trading App and sign up for a Demat account. The next step will be redirected to you. Complete the form on your screen,
Enter your name and phone number.
After reading the terms and conditions, agree to them.
Verify the phone number.
Complete the process by signing in with your email address. Within a day, your Demat account will be established. The app provides so many benefits for its Demat account users like:
Zero brokerage on intraday trades icon Zero brokerage on intraday trades.
For carry forward F&O transactions, the margin trading icon is Rs.20/order.
simple for opening a Demat account.
On Direct Mutual Funds, there is no commission.
11.49 percent trading margin icon Margin Trading Facility.
The symbol for a profit margin.
Stocks can be used as a margin (instead of a cash margin).
Icon for real-time fund updates.

https://www.kotaksecurities.com/landing-page/trade-free-open-an-account/index.H T M L