Can I Trade Without Demat Account?

Can I open demat account without bank account?

which are traded on the exchanges.

You can open a demat account without owning any shares or products together with maintaining a zero balance account.

All your shares and investments namely securities, bonds, mutual funds, government securities, ETFs are held either in electronic or demat form in your demat account..

Is it OK to have two demat accounts?

It is absolutely legal to open multiple demat and trading accounts. … You cannot have multiple demat accounts or multiple trading accounts with the same Depository Participant (DP) or the same broker. Therefore, if you have a demat account or trading account with a DP or broker, you cannot open another account with them.

Is there any minimum balance for demat account?

Generally, there are no charges for a basic demat account that has a balance up to INR 50,000. Accounts that have balance ranging between INR 50,000 to INR 2 lakh will have to pay an annual maintenance charge between INR 100 and INR 750. It also depends on the number of transactions you make.

What happens if I don’t use my demat account?

If you do not pay the AMC for you’re demat account, following things will happen: You will be bombarded with reminders via Email, SMS and Phone Calls by the broker. After some time, your demat account is declared a dormant account (inactive). This means you can’t do any transaction until it’s reactivated.

Can we sell shares without demat account?

Normally it is not possible to sell the shares without demat account. Because this account type has been purposely created to buy or sell shares.

Which is best demat account for beginners?

Best Demat Account in India – List of Top 10 Demat Account OnlineRankBrokerRatings1Zerodha Demat Account8.60/102Angel Broking Demat Account8.30/103Sharekhan Demat Account8.18/104Edelweiss Demat Account8.14/106 more rows•Jan 10, 2020

Can I use my existing demat account to Zerodha?

Yes, you can transfer your existing shares in another broker’s demat to your Zerodha demat account. There are two types of transfer of holdings between demat accounts- intra-depository transfer and inter-depository transfer.

What is the minimum balance for demat account?

Usually, there are no charges for a basic demat account with a balance of up to Rs. 50,000. Those with holdings worth Rs. 50,001-2 lakh would have to pay anything between Rs 100 and Rs 750, depending on the number of transactions you make.

Can we do trading without demat account?

No, FYERS Demat account is mandatory for all the new clients. Therefore, if you wish to trade or invest in equities or ETFs you will be required a Demat account with FYERS to hold these securities.