What is the process to trade shares on-line in India?

Question

I understand you need to have a Demat account first. Do you need to have trading or brokerage account with the same bank? How do you transfer money so that you can buy a stock or share

Answer 1

You need a Demat account so that shares can be transferred to or from it on buying and selling. It is not necessary to have a trading or brokerage account with the same bank. You can have software installed on your computer and get real time quotations on your screen. You can then buy or sell sitting in your home. You need to maintain margin money with the broking firm. The money can be transferred on line or sent by cheque.

Answer 2

Go to ICICI.com and HDFC.com and research it.

If you are outside India there are many restrictions.

If you are inside India, go to the local brokerage house and ask these questions.

If you want quick answers, then here it is:

1. Open a Brokerage account and Bank account at the same place (better in the long run).
2. Give you PAN card to open this account proving you are a resident.
3. Fund the account.
4. Start trading without any worries since money will move automatically between the brokerage, DP and checking account.

Take care.

Answer 3

Its simple.. it even simplified by Reliance Money..
You must have a Demat Account with some Bank account, so that you can transfer your funds yourself to your demat account and can withdraw funds from Demat to Banking Account..
Note : your banking account should be NetBanking Enabled one..
Now a days all Banks offer NetBanking just like that...
Its very easy...

Answer 4

Well you have to have demat account, also you can contact share broker, consultant.

But HDFC / ICICI and other institutions do have their online securities transation websites available on the net, as well BSE and NSE.