To trade in stock markets, you need to open a Demat Account as well as a Trading Account. You can store all your securities and stocks online once you have opened a Demat account online. Every asset and security, including bonds, mutual fund units, ETFs, and other securities, can be stored in digital format. You can now place an order to buy or sell these securities online through your Trading Account. To trade in the stock exchange, you will need a Trading Account. Profit or loss from transactions are credited to or debited from a linked account.
With the introduction of dematerialisation of share certificates, the idea of an online Demat account was born. In 1996, the National Securities Depository Limited was established to facilitate dematerialization of shares and digital transactions.
In 1999, the Central Depository Services Ltd (CDSL), was established to help digitize the Trading Account. Both national depositories were crucial in the development of the infrastructure needed for a top-notch Demat and Trading account in the Indian capital markets.
You can now open a trading account online with a trusted broker like RKFS and get started with trading in just a few clicks.
A Trading Account is an account that allows you buy or sell securities and stocks across all stock exchanges in the country. An online Trading Account offers convenience and ease in transacting. Transact online from your office or home, or while you're on the move. You don't have to worry about security issues because all transactions are encrypted.
To open a trading account online, you need to remember that you can't directly approach a CSDL or NSDL depository. A Depository Participant (DP) is required to open a Trading Account. This person must be a member of a designated depository. Stockbroking firms in India typically have either NSDL or CSDL registrations. RKFS, however, is both registered with NSDL or CSDL. You can choose your preferred depository when opening an online trading account.
A trading account is required for stock market trading. You will receive a unique id when you open a Trading Account. This identifier will be required for every transaction. Your Trading Account is protected by a password. Let's look at an example to understand how an online Trading Account works. Let's say you want 100 shares of ABC company. To do this, you first need to log in to your Trading Account and provide your password. The next step is to place a purchase order. Your unique id will be used to transfer the transaction to the stockbroking company or DP. After the order has been settled on the stock exchange, the number and purchase price of the shares will be credited into your Demat Account. Like a sale through your Trading Account: The number of shares will also be taken from your Demat Account. You'll also see the amount credited in your bank account.
An example can explain this further. Assuming that the initial margin deposit is 20% of your transaction, you can trade in Rs. 1 crore worth of shares. In this case, the initial amount you would deposit with your trader would be Rs. 20 lakh. You can, thus, engage yourself in a high volume of trades. On the flip side, let us assume that you have Rs. 20,000 to invest in any trading assets, whether in stock or commodity trading. Now you take a decision not to conduct margin trading. Instead, you invest Rs. 20,000 in a company and buy 100 shares priced at Rs. 200 per share. If the share value rises by 10%, you profit Rs. 2,000. Contrastingly, if you deposit the same Rs. Twenty thousand in a margin trading account, the initial margin may be set at 20%, giving you leeway to buy 400 shares of any given company worth Rs. 80,000. If these prices go up by 10%, you earn a profit of Rs. 8,000 (as against Rs. 2,000 in a non-margin account). However, prices of assets may fall too, and in such cases, you may have to deposit more funds with your broker. While returns are high, risks are on the upper side too.
Trading account is an important link between your Demat Accounts and bank accounts. A Trading Account online can offer you many benefits. Here are some examples.
Access to multiple stock exchanges from one point:
Online Trading Accounts allow you to access multiple stock exchanges such as the Bombay Stock Exchange (BSE), National Stock Exchange, Multi Commodity Exchanges (MCX), and National Commodity and Derivatives Exchanges (NCDEX). You can trade in stocks, commodities, and derivatives online.
Stock market news and information available:
If you open an online Trading Account with reliable stockbrokers, you will also receive reliable market information, reports, and updates that can be used for informed investment decisions.
Flexibility when making investments:
Access your Trading Account via a browser or mobile app. This allows you to trade from wherever you are, at your own pace.
Stock market alerts available:
You can receive customized alerts via SMS or email with an online trading account
Access to customer support;
You have the option to contact the customer service team if you experience any problems with your online trading account.
Online Trading Accounts keep your financial transactions secure and protected, protecting you against online frauds and scams.
Choose the stockbroking company:
You must first choose a trustworthy and reliable SEBI registered stockbroker. When comparing stockbroking companies, it is important to compare their brokerage rates and the services they offer. You should also look at the services offered. Check to see if you have access to the most up-to-date trading platforms, mobile-based apps, research advisory, and other investment -related services.
Choose your Demat account type:
Next, you will need to decide on the type of Demat account. You should consider your investment goals. The full-service Trading Account is a good option if you want long-term returns. This type of trading account is suitable for both beginners and experienced investors.
Please fill out the following application:
You will now need to complete the online application. You will need to submit proof of identity and address as a new customer. Additional forms will need to be signed for access to facilities such as margin privileges.
Deposit in the Trading Account
You will need to deposit money to trade in your Trading Account. You have the option to deposit the minimum amount in your account or for specific categories such as taxable account (retirement account), margin account (margin account).
Get Trading Account details:
After your application and supporting documents have been verified, you will be issued your Trading Account number.
Congratulations! Congratulations! You have successfully opened your trading account. Log in to your trading account and place a buy/sell order.
How to Choose the Best Trading Accounts in India
You must consider the services offered by stockbroking firms to help you choose the best trading account in India. There are two types of trading accounts available in India:
Full-service trading account
This Trading Account can be used to sell and purchase securities and stocks. It also offers a variety of services, such as financial advice, stock tips, market research, and more. These stockbrokers have many offices throughout the country and offer both online and offline services. A full-service Trading Account may offer integrated equity and derivative Trading Accounts, which can facilitate seamless stock market trading, futures, options trading, and many other services.
You can open a trading account with RKFS online. To open a Trading Account with RKFS online, follow these simple steps:
RKFS offers many benefits to opening an online trading account. Here are some examples:
Paperless, hassle-free application process
You don't have to visit branches or complete cumbersome paperwork. Simply complete the online form and attach the required documents. After verification, you will be able to access your Trading Account details
RKFS online trading account is unique in that you don’t have to open separate Demat or Trading accounts. Both accounts can be opened with one application.
Reasonable brokerage fees;
RKFS offers the most reasonable and competitive brokerage fees and transaction costs. There are also no hidden fees for any transaction.
Expertise in research:
RKFS can help you make informed investments by providing up-to-date market information. This stockbroking company has more than 30 years of research experience.
Mobile app and trading platform that is cutting-edge
RKFS best trading with demat account can give you access to the online trading platform tradium. You can also access real-time information by this Investor App and trade from anywhere. This stockbroking platform can provide many other services, including a complete portfolio view that includes all asset classes, detailed stock analysis, recommendations, and more.
Trading account opening charges:
the trading and demat account can be opened online by using RKFS online demat account opening facility the charges are very nominal of INR 1378 as on 5thDecember 2022 including all charges for lifetime. The charges are subject to change without any prior information.
There are many ways to invest in different asset classes.
You can also trade in futures & options, currency trading and commodity trading. You can also invest directly in bonds or mutual funds. RKFS offers an online trading account that allows you to diversify your portfolio and invest in different asset classes.
Personal advisory services
RKFS customers receive personalized advisory services. This will help you make sound investment decisions.
Let's look at some of the features offered by an online trading account:
Online trading accounts can make it easy to conduct fast transactions. Within minutes, you can place a buy or sell order.
Flexibility is key to success
You can make investments in equities and commodities, futures, bonds or currencies through a Trading Account
Keep track of all transactions
An online trading account can be used to keep track of all sales and purchases in one place.
You can use the web browser to monitor stocks' performance and access real-time market information.
This guide will help you make smart investment decisions.
An online Trading Account can help you review your investment decisions. You can reach your financial goals quicker by having access to market reports, charts, analysis, and personalized financial advisory services.
|Function||A Demat account is a storage account that holds all your assets electronically or dematerialized.||A Trading Account allows you to conduct stock market transactions. This account allows you to purchase and sell securities and stocks.|
|Nature||A Demat Account works in the same way as a savings account. The number of stocks that are sold or purchased is credited or deducted according to the transaction. Your dematerialized assets are kept safe in a Role A Demat account.||A trading account is like a bank account. You can place purchase and sale orders continuously. A Trading Account allows for quick, safe, and secure transactions.|
|AMC||Annual Maintenance Charges (AMC) can be imposed on Demat Accounts.||AMC in RKFS is free for the first year. Brokerage fees and other transaction costs are payable.|
|Account Number||You receive a unique Demat number to identify your account.||As the trading account number, you will receive a unique identification number.|
Trading account for Demat Accounts
Function A Demat account is a storage account that holds all your assets electronically or dematerialized. A Trading Account allows you to conduct stock market transactions. This account allows you to purchase and sell securities and stocks.
Nature A Demat Account works in the same way as a savings account. The number of stocks that are sold or purchased is credited or deducted according to the transaction. A trading account is like a bank account. You can place purchase and sale orders continuously.
Your dematerialized assets are kept safe in a Role A Demat account. A Trading Account allows for quick, safe, and secure transactions.
Annual Maintenance Charges (AMC) can be imposed on Demat Accounts. AMC in RKFS is free for the first year. Brokerage fees and other transaction costs are payable.
Account number You receive a unique Demat number to identify your account. As the trading account number, you will receive a unique identification number.
RKFS was the first platform I used to get onboarded to MF. It made it a lot easier for me to invest and explore. RKFS helped me make better-informed decisions
I am very happy to be an investor through RKFS. When I ask a question, I receive an immediate reply from RKFS team
RKFS is an excellent platform for investing with all financial products under one roof
RKFS is transparent and data based. RKFS is trustworthy. RKFS is a great way to control how much you save and invest through mutual funds as sip investment
RKFS was the reason I began investing. All the while, I was money in my bank account.
RKFS provides the best customer service. The team is polite, courteous, and prompt in responding to queries. They have been a pleasure to work with, and I look forward to continuing the journey for many more years. Bravo, RKFS Team!
I love the variety of Mutual Funds available. I was able to choose the right fund for my long-term investments thanks to RKFS team
RKFS was easy to use and understand. The best part was that I received advice from the RKFS team as an expert and friend. They also understood my risk-taking capacity as well as my paying capacity
It is simple to open a Demat account with RKFS. It's easy to complete the forms online and have them delivered by courier. Online, hassle-free process!
RKFS is the best choice if you are looking to open a Demat Account instantly. It takes only 15 minutes to complete the entire process online
RKFS employees were so helpful throughout opening an account that it took me less than 20 minutes to complete.
RKFS introduced me to the SIP Plan. It is flexible and accessible.
This plan allows me to invest in funds, which is the best decision I have ever made.
RKFS Team, thank you so much.
SIP plan is an excellent option for those who want financial security
I did my lumpsum investment during initial days of the pandemic, the team was there to support even when they were all working from home, my investment was done very promptly, and I am earning a good return on it. Thanks team RKFS-
RKFS is an easy-to-use platform. I started investing in two plans. Both have great features. But the SIP plan was my favorite. It allows you to invest in funds easily. This plan allows me to invest and earn returns. RKFS has delivered an exceptional performance-
The website of RKFS is easy to navigate. I can check all my transactions and holding by logging in to my account using the website
I got a SIP plan that would allow me to invest longer. The plan appealed to me because I wanted to maximize profits for a long-term investment of 10-12 years. The sanjhi poonji app is easy to use and one can track the investment in a go. RKFS, thank you
RKFS helped me obtain the SIP plan. They gave me a detailed explanation of the plan. The excellent returns and the monthly payment plan are very easy for me to manage. They are always available to help me if I have any questions
The customer service team at RKFS is outstanding. Although I was still deciding about buying a SIP plan for my business, they helped me find the right one. They were very helpful, and I am glad I called them
They were very professional and pleasant to work with RKFS team members were extremely helpful and recommended great investment plans according to the client's needs. Their phone manner was polite and helpful; they listened well and provided me with a great deal on an investment plan
RKFS made it easy for me to purchase a SIP plan last month. The process was made easy by their excellent mutual fund team. Their executive called me after I had registered my contact information online. The whole process was very easy. RKFS, thank you so much.
I am one of RKFS's old client, the team help me every time I want to apply for an IPO. Though the bidding is completely online and to be done by the client himself the team is always there to help me
I wanted to invest in funds that were relatively safe. RKFS helped me to learn about low-risk funds. RKFS provides excellent customer service
Through RKFS, I have gained extensive knowledge about various SIP plans. I wanted to make investments that would provide high return on investment. With the help of RKFS team, I could identify plans that fit my needs. RKFS's services exceeded my expectations.
Recently, I stared the SIP investment both for myself and my wife. The team is very supportive and polite and answer all the queries and questions with patience and clarifications. It's a long-term investment with many benefits. Much appreciated
I did my lumpsum investment during initial days of the pandemic, the team was there to support even when they were all working from home, my investment was done very promptly, and I am earning a good return on it. Thanks team RKFS
I wanted to invest in SGB and called Mr. RK Gupta who is the chairperson of RKFS, he informed me that today the tranche is closing, within 15 minutes the team opened by demat account, registered me on BSE STAR and within an hour my investment in SGB was done. Everything was online, commendable team RKFS
The trading team is always there to support the clients, I am connected to RKFS since last many years, the team also try to give the best advice and help in decision making
The newly launched tradium app for trading is user friendly, now I can do my intraday day trade myself in a go
I am a connected with RKFS since more than 30 years, I am connected as an AP with them the transparency, support and the ethics of the team flows from Mr Rk Gupta JI (bhai sahab ) to each and every team member.
Connected with RKFS is a matter of pride and joy for us as we are working day and night together is collaboration with RKFS since more than last 25 years to make the future of our clients financially safe and secure. The second generation in the family that is the son and daughter of Mr Rk Gupta have inherited the vision , ethics and foresight from their father in a very refined manner
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A Demat account is an account that holds financial securities in electronic form.
A demat account helps investors hold shares and securities in an electronic format. This account is also called a dematerialised account.
In India, Demat accounts are maintained by two depository organisations, NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
Regular Demat Account: For the investors/traders who reside within India.
Repatriable Demat Account: For the NRIs. Funds can be transferred abroad. It requires an associated NRE bank account.
Non-Repatriable Demat Account: For the NRIs. The fund cannot be transferred abroad. It requires an associated NRO bank account.
A Demat account helps keep your equity, mutual fund, bonds, and other financial assets safe and secure in an online electronic environment. With a Demat and trading account, you can not only invest in upcoming IPOs of companies but also other financial instruments. Demat account enables easy and quick share transfers, secure storage with zero risk, can be accessed anytime from anywhere through the internet, very less paperwork involved.
Any individual resident of India, HUF, NRI, proprietary firm, partnership firm or company can open a Demat and trading account.
Duly filled Demat account opening application form.
Duly filled KYC application form.
A passport-sized photograph.
A photocopy of your PAN card.
A photocopy of your proof of identity & address, which can be anyone of the following. (Aadhaar Card, Voter’s ID, Passport or Driving license).
With RKFS, you don’t have to pay any Demat account charges for opening an account.
You can open multiple Demat accounts under your name if the Demat accounts are not with the same Depository Participant (DP).
Enter the email ID, fill mandatory details, and submit the OTP received on your email
Yes, a demat account can be opened in single or joint names. However, a demat account can have a maximum of three account holders - 1 main holder and 2 joint holders.
Yes, a Demat account can be opened in single or joint names. However, a Demat account can have a maximum of three account holders - 1 main holder and 2 joint holders.Of course, It is certainly possible to open a Demat account for NRI. But to do so, you will have to possess either an NRO or NRE bank account and submit a Portfolio Investment Scheme letter of approval from the Reserve Bank of India along with your Demat account application form and other supporting documents.
Yes, you can hold a Demat Account without a Trading Account but Demat Account is only to hold your shares. If you want to buy or sell your securities, you will need a trading account.
Yes. If you intend to sell the shares that you hold, you will need to link your Demat account with your Trading account.
Just like a Joint Bank Account, a Joint Demat Account is a shared Demat account in between two or three individuals. Only one demat account holder is registered as the primary account holder, while the other account holders become secondary account holders.
It takes only 15 minutes to open a Free* Demat account with RKFS.
Yes. If you intend on applying for an IPO in India, it is mandatory to hold a Demat account. However, the choice for a trading account is optional.
No, it is not mandatory to hold a DEMAT Account for mutual fund investment, but we suggest investors to have a demat account for mutual fund investments to track all investment in one go.
Just visit our website, select account closure, and raise a request.