Online Free Demat account
Most of the investors take stock market investment as one of the most preferred and basic hedging tool against inflation, as a person’s hard-earned money can be eaten up by rising rate of inflation. And, demat account opening online is the only way you can start investing in the Indian stock markets in order to fight against the ever-rising cost of living.
Why should you opt for demat account opening for online trading? When compared to post office savings and bank saving products, stock market investment is observed to give returns as high as 20%. This explains the wide preference of people towards equity market investment for fighting inflation. There are other reasons of Demat account opening online for investing also.
Follow the below steps for demat account opening online.
Why should you opt for demat account opening for online trading? When compared to post office savings and bank saving products, stock market investment is observed to give returns as high as 20%. This explains the wide preference of people towards equity market investment for fighting inflation. There are other reasons of Demat account opening online for investing also.
- Dividends given out on a company’s stocks are wholly tax free while interest accrued on an FD is wholly taxable.
- Building up on money by investing in stock markets is faster as compared to investing it in bank saving products or post office savings.
- The rising inflation annuls the returns from bank saving products as well as post office savings, unlike in the case of stock market returns.
- Stock market investments are more liquid than post office savings and bank saving products. Committing a sum of money for a fixed period is a pre-requisite for few instruments like bank fixed deposits.
Follow the below steps for demat account opening online.
- Contact a broker that offers online demat account services. Fill out the form and get best deals for sbi demat account opening, hdfc demat account opening online and from other top brokerage in India.
- Provide your details in the demat account opening form given to you by the broker.
- Submit the duly filled demat account opening form with the broker.
- Include copies of demat account opening documents like identity and residence proof.
- Make sure that you provide the broker with all the other demat account opening requirements like two passport size photographs and your PAN card.