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Demat Account Kaise Khole? | How to Open Demat & Trading Account Online? | What is Demat Account? - YouTube
Channel: Pushkar Raj Thakur: Business Coach
[1]
Well, you must have seen in the scam 1992
web series that, during Harshad Mehta's time
[5]
people used to trade on the floor and paperwork
was required to buy or to sell the stocks.
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But after 1996, NSE, the national stock exchange
has changed the game, When it introduced the
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demat, now demat means dematerialization,
it is short form of dematerialisation and
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it means that if you have demat account then
you will not required paperwork and you must
[31]
have heard that in old times, people have
shares in the vaults in the form of paper
[37]
means people used to have paper and that was
shares and they have value and they have price,
[41]
and. You must have heard that someone have
very old shares in their vault and today their
[46]
value is lakh and crores, but it is very difficult
to handle paper but It has been made easy
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when the demat form is brought means everything
will be online and everything will be happen
[56]
through depository and what is depository
means, it means that when you buy shares and
[60]
you must have heard that broker is involved
but broker is only a medium, a channel, your
[65]
shares are submitted on depository and there are
two main depository in India, CDSL and NSDL,
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so the shares you buy will remain safe,
suppose they are in the vaults, so when you
[79]
open the demat account, then along with it
your trading account gets automatically opened.
[84]
Meaning you see your shares in the demat account
and the trading account that is opened with
[91]
the demat account, you can trade and you can
do intraday trading and you can also do commodity
[94]
trading and you can trade in futures and options
then why demat account and trading account
[99]
is needed and what are the charges in this?
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Which Demat account you should open. Today
in this video, you will get to know many things,
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and you will get to know secrets that what
you should do and what is right for you then
[112]
watch this video till the end and when you
understood that you needed demat account and
[117]
if we want to invest in stocks, bonds and
government securities and ETF or digital gold
[125]
without paperwork then we need demat account
but now the question comes, that with which
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broker we should open an account.
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Right now I will not name any broker.
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First I will tell you the types.
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What is the meaning of types?
[136]
When we talk about brokers then basically
you will see three types of brokers.
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One you will see Discount Brokers Now what
are Discount Brokers, I'll tell you this too
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and others are Full-Service Brokers.
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Now, what is this full-service broker?
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And After that bank comes, the bank also provides
you with the facility of a broker, they also
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become a broker that you can open a demat
account with the banks and you can open it
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with discount brokers or with a full-service
broker or with the bank, now you will understand
[170]
everything.
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See let's start with the bank, if you will
go to the bank on today's date, then generally
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what happens that bank people will say that
open demat account with us and they will tell
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you firstly, that your saving account will
open and demat account will open with it and
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with the demat account your trading account
will also open, then I have told you that
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why you needed demat account and trading account
and may of you people have Saving account
[196]
and banks comparatively charge more brokerage
then you can consider and you can avoid too,
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and why you can avoid because when you have
already saving account and when you will open
[208]
your Demat account with any other broker then
you can very easily link your Demat account
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with your saving account, it will be very
easy for you to add or withdraw money when
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you will connect your saving account with
the demat account.
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Now let's understand the discount and full
service and let's talk about full service,
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you get three things generally in the full
services, one you get is RM, and RM means
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Relationship Manager, you will get a Relationship
Manager that when you are getting any problem
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and any challenge in trading or in investing
then this person helps you, now I will tell
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you it's Alternate, but now you listen, the
second facility you get to call and trade
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and call and trade mean that you can trade
by calling.
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But do we need it because online it has become
so easy to buy and sell shares that no one
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needs to call and trade on today's date and
the third thing is that you are also provided
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with tips and recommendations here sometimes
and those are very general tips?
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It is not that they will be very accurate
and they will earn a lot of money.
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Just be safe For full-service brokers, then
sometimes they provide you with these tips
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and recommendations, so it is a choice that
whether you need full service or not, now
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discount brokers, Now let's understand this,
discount brokers do not give you all these
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three things but you will say that we can
need RM if any issue comes then discount broker
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has a full team of customer support so if
ever you face any issue then you can also
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call customer support and no need to pay RM
charges.
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Secondly, there is no need to call and trade.
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You can do everything online.
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Everything has become technology-driven so
if you have good technology in your demat
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account then there is no need to call and
trade tips and recommendations, well it is
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a choice and I say you should not believe
in tips.
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Tips are very general tips, It is not that
there are great tips that you have invested
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₹100 and they became ₹1000, it doesn't
happen, let's go safe then you can see by
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yourself that generally where you have to
trade and where to invest, so use your brain
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and that is my advice and rest is your choice
then it is Discount broker and full-service
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broker and a basic comparison within banks
and apart from this, you have to understand
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a few things.
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You can definitely decide, but First of all,
you have to pay account opening charges, It
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is not that all the discount brokers are giving
you the facility of account opening for free.
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Every man wants money though full service and
definitely, banks make more money and discount
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brokers take less money but some brokers charge
zero for account opening then the first fact
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is that we have to open an account without
spending money, then we have to not spend
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money, and the biggest earning of brokers
is the AMC and most of the people do not talk
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about it, but AMC means Annual Maintenance
Charges, I recommend that if you are opening
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account somewhere then it should be zero because
if you have not traded much, and suppose you
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opened an account and many people do not trade
regularly and sometimes they do and sometimes
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not then why should they give too much AMC,
I want you to give zero then how you can zero,
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we will talk about that.
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The third thing comes is Brokerage, Brokerage
is the lowest for the Discount Brokers. So
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when discount brokers have the lowest brokerage
then if you consider brokerage because if
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you are just starting today and you trade
constantly and if you will calculate your
[413]
P&L then you will see that you have given
many charges in the name of the brokerage.
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If you don't mind too much then you can go
ahead and whatever you are doing is good or
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you can open an account anywhere.
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But if brokerage matters for you that our
charges should not be too much then you can
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choose discount brokers and the choice is
yours.
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I have told you basic three things and if
you are understanding these three things then
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we can sort out with this because there are
many brokers in the market and if you say
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that I want discount brokers then I will tell
you the name.
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You have upstox in front of you and you have
5paisa and you have Paytm Money and you have
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many options with you and you can open, But
now let me take the name of a discount broker,
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whose name is Upstox for example so did upstox
is taking any charge from you for account
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opening, the answer is no, then our first
criteria passed if it is a Discount broker
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then you understood and the second thing that
is it taking AMC, means it is not charging
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AMC from you for a lifetime, meaning there
will be no annual maintenance charge and it
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is opening an account for free and there are
no annual charges. The third Thing that
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which type of broker he is?
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He is the discount broker, meaning it will
be done cheaply and only ₹20 is the maximum
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charging for brokerage whether you buy or
sell.
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Means you are trading then your buying and
selling order execute in only a maximum of
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₹20 and for the example I told you maximum
because on the lower side you will write on
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the internet Upstox brokerage calculator will
then appear in front of you.
[508]
First you can choose your state because tax
varies according to states, like there is
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an option of Maharashtra, here an option of
Gujarat and we choose Delhi, then if you belong
[517]
from Delhi, then what tax you are going to
be charged and what are you going
[521]
to be charged. Suppose we place intraday
order and we are taking for example that we
[526]
took one quantity and we took a quantity of
10000 and we sell it for 11000. So you think
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if you buy 10000 and sell 11000 then there
will be profit of 1000 but it is not so, Because
[535]
there is brokerage here of 10.50 and there
are other charges of 6.13, then your net P&L
[540]
and your net profit will be ₹983 and because
this is a discount broker, so it is very less
[546]
because whoever is your full services broker
and in fact if i talk about more brokers,
[550]
I am not taking their name, then the charges
can be very high there, so you see that here
[555]
is a very minimum difference if you have trade
for ₹1000 and you trade for it and you buy
[560]
for ₹1000 and you sold for ₹1100 then
only ₹1 Brokerage is charging for you and
[565]
0.6 paise, means there are other charges of
60 paise, then your net P&L will be 98.34
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and it will come in front of you and if you
will show charge breakup, then all charge
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breakup will come, so in this way you can
see everything that what are the charges and
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It's very easy.
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Now how can you open an account on upstox
online by sitting at home?
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That too is a very simple step.
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Let me show you the steps you have to follow.
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The link to upstox is in the description and
comment box.
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You can go and open your demat account today
by following very simple steps.
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So let me show you the steps and here we go,
and as soon as you click on the link given
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in the description and comment box, then this
page will open in front of you, in which you
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have to enter your email id and your mobile
number.
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As soon as you click on send OTP, then first
of all an OTP will come on your mobile phone,
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which you will put here and you will click
on sign up and you will enter accurate email
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id and phone number because you will get OTP
on the same mobile number and email id in
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future also and if you ever forget the password
or you have to reset the password, then you
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should enter it accurately.
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Now after this on your next step you will
enter here, the OTP which has come in your mail.
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The OTP that came in the ml sometimes does
not show in the inbox, then you will also
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check your spam folder.
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After that, you have to get your PAN Card
and Aadhar Card ready.
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You will first enter your PAN number here
and after that, you will enter your date of birth.
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You have entered your PAN number and you can
select your date of birth then it is very
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easy, and select your date of birth.
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After that, you will click on Next.
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After that, you can change your gender and
your marital status what is your annual income
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and what is your trading experience and what
your father's name on your PAN card, you will
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write that the same and after that, you can
also select your occupation here.
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After that are you Politically Exposed?
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select no, and click yes on that your country
is India and accept all the terms and conditions
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and you can read them also and continue after
it.
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Now see, whatever will be the offer of upstox,
just like sometimes there is an offer of free
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stock and there are some other offers, they
will be visible here and after that, you can
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continue on I want a free stock.
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Then you have to do a digital signature which
you can sign here very easily and after that,
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you can click on Continue here.
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If the sign is not correct, then you can fix
your sign by doing Erase All.
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After that you have to connect your digital
locker with upstox, in DigiLocker you have
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to enter your Aadhar card number and here
you will enter your number and click on Next.
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After that, your Aadhar card will be linked
from which mobile number you will get an OTP
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on that mobile number and after entering here
you have to simply click on Continue.
[731]
Here you will see the integration of upstox
DigiLocker, you will simply allow it and after
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allow, you will click on connect your Digilocker
with upstox and after that, you have to keep
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your camera on.
[742]
You can turn on the camera of your mobile
and If you are doing it on a laptop then you
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can turn on the webcam of your laptop because
here your photo will click and here you will
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make sure that your background behind you
is white and your face is visible clearly
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in the white background in the whole box and
if your face is visible more than 70% then
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the chances of getting the application approval
are high.
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Sometimes if the face is not clear then the
application may reject and you keep this thing
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in mind.
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If you are wearing sunglasses or if you are
wearing glasses and if you are wearing any
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hat then you will click your photo only after
removing all these accessories and after that
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click on accept simply and After that, you
have to enter the bank details and why you
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have to enter the bank details, One thing
to keep in mind here is that in the bank account
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you are going to do a regular transaction
and if you want to add the money and the account
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in which you want the money back when you
will sell the Upstox, then you will enter
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your account number exactly.
[798]
Here first of all you will write the name
of the account holder.
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Then you will write IFSC code and after that,
you will enter your bank account number and
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you will get all these details in your cheque
book then you can see on your cheque, you
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will see all the details at once and This
bank account should be exclusively yours.
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Meaning, which is your name on the PAN card
and your name on the Aadhar card, then the
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bank account should also be in the same name.
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It is not that if you enter someone else's
account, then your application will be rejected.
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In the end, you will see that if your account
type is saving then you can continue by clicking
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on saving and After continuing, you will see
that there is a limited time offer that signs
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up is free In the future, it may be that they
are taking charge from you and if upstox will
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take charged, then it will provide you with
some offer in return.
[840]
Just as you saw that you are getting free
stock then upstox bring some offer for you,
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this will also be visible to you or you will
get it after account opening, so it is for
[849]
free now, so you can open your account immediately
and you can read here that you are getting
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brokerage credit here of ₹1000 and there
will no annual maintenance charge here which
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is a big deal.
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And finally, you have to select here that
you want to activate your future and options
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and Currency and Commodities segments and
you can activate it If you want to trade and
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if you want to do it later than you can select
I will do it later and if you want to activate
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then you will note here that you have to upload
six-month bank statement and if you Upload
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your bank statement then note more thing that
your closing balance should be ₹10000, some
[890]
people keep the closing balance less and or
show less then your application may reject
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then your minimum balance must be ₹10000
in your account and Apart from this, you can
[900]
upload your salary slips and if you want to
activate these segments, for now we
[905]
do it will do it later and if you want then
you can activate it together.
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So the easiest step is to upload a Bank Statement.
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And you can download your statement in PDF
form by visiting your net banking.
[918]
And I have told you that you will keep ₹10000
balance and show it then it will be activated
[920]
at once and there will be no rejection.
[922]
And finally,y this is the most important step
because many people do not complete this step,
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then your demat account is not activated and
that is E-sign and for E-sign, an OTP will
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come on the mobile number linked on your aadhar
card and If you have to put on it, then you
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will simply click on the E-sign now
After that you can see your name here and
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you can see the gateway of E-Sign and simply
you have to tick on terms of service and after
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that, you have to click on submit and after
that you have to enter your aadhar card number
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again and click on send OTP.
[955]
As soon as you verify the OTP, you will see
that you can also download your signed document.
[962]
And that is it you have done, you have successfully
opened a demat account.
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Now your application has gone for review.
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After the application will be accepted, Within
72 hours usernames and passwords will come
[976]
on the email and after that you login onto
the Upstox app and you can invest and you
[982]
can also trade then you have seen how you
can make your demat account and trading account
[988]
on upstox by following simple steps.
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So open your demat account And trading account
today and why you need it.
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Now finally you have to understand that when
we earn money then it is a good habit to save
[999]
money, but when you save money then that money
doesn't increase when you save, it doesn't grow.
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There is a concept called inflation, everyone
knows that inflation keeps increasing every
[1012]
month, every day and every year, so this inflation
is increasing, then the purchasing power of
[1016]
money decreases, then when you invest money
in the gold and the silver and the stocks
[1021]
and the commodities and you Invest in real
estate money then these things are limited
[1025]
Because of which your money loses purchasing
power, then the value of stocks increases.
[1032]
Not only can you invest in stocks but you
can also trade in it and you can also learn trade.
[1036]
We have also made a complete playlist for
you on the stock market.
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There is a link on the I button, You can go
and learn step by step and you can invest
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and trade.
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And I hope you have found this video very
valuable then definitely share this video
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because they are very basic concepts.
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But many people need to learn these basic
things so share this video if you want to
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give love to this video then you can like
it and if you have any question then please
[1063]
ask in the comment and next time we will try
to answer your questions and Finally if you
[1070]
want to open your account and you want to
consider Other brokers rather than upstox
[1074]
and you want to open an account with full service
broker or with the bank then I will put the link
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of all accounts in the description and comment
box but i have told you the preference that
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my preference is Upstox because it is discount
broker and as I told you that account is opening
[1086]
for free and it is for limited time and it
is not for always then upstox is discount
[1089]
broker but it is not free always but it is
free now then go and open the account and
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AMC is not for lifetime then it is a big advantage
then go ahead and open your demat account
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and one more thing I would like to tell you
that the Demat account you open, there is
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very good option in it for earn money which
is through refer and earn and when you get
[1109]
open your account then after that you can
refer to people and you can refer your link
[1114]
and as you will refer your link and If another
person will open his account then we have
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seen that people have earned upto ₹1200
on upstox by opening their account then open
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your account and see that what the latest
offers are going on, and offers keep changing.
[1128]
Sometimes it is ₹500 and Sometimes it is
also ₹600 and sometimes it is also ₹400
[1131]
for referring one account and if the person
will trade then you also get extra money then
[1136]
the offers, when you will open your account
and you will go to refer and earn section
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you can see that how you can earn money through
referring And earn, so go ahead and earn and
[1147]
invest and grow your money and I will see
you in the next video till the time you go
[1151]
self-made.
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