Before opening a demat account, check these things, otherwise there will be trouble

Demat Account: You must have heard about Demat account, but many people do not know about Demat account. Actually, a demat account is opened to invest in the share market. Trading in the stock market is not done without a demat account. Today we are telling you what are the things to be kept in mind while opening a demat account.

1-brokerage and transaction fees

• Demat account opening and brokerage charges differ between brokers.
• Nowadays most of the people are opening free demat accounts.
• You may be charged transaction fees for buying and selling equity.

check these things

• Demat account fees, annual maintenance charges, transaction fees.
• There can be a big difference between brokers regarding transaction fees.

2-Other facilities

• Know what facilities the brokerage house will give you.
• Apart from the service of equity broking, some brokerage houses also offer a variety of other services.
• Like many brokerage firms keep providing you research from time to time. This research helps you to invest in the right place.

3-Demat and Trading Account

• It is best if your broker gives you a 2-in-1 demat and trading account.
• Demat account is incomplete without trading account.
• Keep in mind that you can only hold shares in digital form in a demat account.
• With a trading account, you can invest in shares, IPOs, mutual funds and even gold. After that you can keep them in demat account.

4-Portfolio information is also necessary

• Some brokerage houses give you the information of your portfolio from time to time.
• This helps in keeping track of the returns you will get from the investment.

5-connectivity

• Both phone and internet can be used for business.
• It is important to know which of the two facilities the brokerage house provides.
• Most brokers offer both the facilities.

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