For anyone to invest in the stock market, they need to have a trading account and Demat account in place. A trading account and Demat account have a few differences between them. However, having these two accounts is quite obligatory as it helps you trade in the stock market.
Before we dive deep into how these two accounts function and how can you utilize them for trading activities, let us first understand what Demat and trading accounts are.
What is a trading account?
A trading account is required if you want to trade in the stock market. When a public organization is listed in the stock exchange, the company’s shares are made available for trading. With your trading account, you can either buy or sell these available shares.
What is a Demat account?
A Demat account will stores all the financial certificates – from your stock shares to bonds – in the electronic form. For instance, if you happen to buy 50 shares from an XYZ organization, then the digital copy of this purchase is stored in your Demat account. Any transaction made (either buying or selling of the shares) is reflected in the account.
Managing your Demat account is now simple with Indiabulls Ventures – ‘Shubh’ online share market trading application. This share market app is one of the ideal applications in India that will allow you to trade in the stock market efficiently.
The Indiabulls group can be a varied group of monetary services with interests in housing financing, buyer financing and private wealth.
The cluster also includes a presence on the land, prescription drugs, lighting and leasing of infrastructure and construction instrumentation.
The group has a net worth of more than ₹ 28,580 Cr. (As of March 31, 2019).
The cluster emphasizes a strong specialization in technology and customer-centric, ensuring that all its companies are in line with the principle of the Group of – On For Tomorrow.
All its merchandise and offers are designed and created to confirm that convenience and ease is the main experience for customers.
In addition to providing customers with superior experiences, the Group companies adhere to strict standards, ensuring that all efforts are made in a viable and sustainable momentum for long-time profitability.
Among its leading companies, the Group’s flagship company, Indiabulls Housing Finance, is a Nifty 50 company and has been rated AAA by the main rating agencies.
Indiabulls shopper Finance, a subsidiary of Indiabulls Ventures, is a leading personal finance company, a pioneer in the digital fulfillment of end-to-end personal loans with Indiabulls Dhani.
Indiabulls land can be a premium land developer dedicated to the construction of reference quality.
All Group companies are managed independently and listed on the Bombay Stock Exchange and the National Stock Exchange.
The new Indiabulls Shubh can be a discount brokerage platform that offers subscription-based plans for unlimited marketing.
Clients can choose from a variety of fixed monthly negotiation plans to enjoy Zero Brokerage in both intraday and delivery charges and zero interest in margin funds. The subscription plan starts at Rs. 1000 / – only for 30 days.
Shubh is driven by robust technology and offers a perfect and ultrafast business experience.
Shubh may be a product of Indiabulls Ventures, the pioneer in online commerce in the Republic of India.
To get started here is the direct link to the account opening page at Indiabulls Shubh
Why should you open a Demat and trading account at Indiabulls Shubh?
If you are still confused about why you should open a Demat and trading account at Indiabulls Shubh, then here are top reasons:
- 0% brokerage charge on Equity, F&O, and Currency.
- 0% brokerage charge on Delivery & Intraday.
- 0% interest on Margin Trading Facility.
- Unlimited trading facility.
- Free Call & Trade option.
- Transparent fee structure.
- Works on a subscription-based model.
- Highest margin funding up to Rs.50 lakhs at 0% interest.
- No Brokerage No Transaction Charges.
- Available at android, IOS, and web versions.
- No annual maintenance charges for 1 year.
- Live streaming data from NSE & BSE.
How to open a Demat and trading account at Indiabulls Shubh?
Documents required to open a Demat and trading account at Indiabulls Shubh.
Here are the documents required to open a Demat and trading account at Indiabulls Shubh. I will recommend keeping soft copies of all these documents ready before you apply for opening the accounts as you’ve to upload them during the account opening process:
- PAN CARD
- Voter’s identity card
- Aadhar Card
- Canceled cheque/ Bank statement
- Your Signature on a piece of paper
- Passport size photos
- Income Proof
Account opening charges at Indiabulls Shubh
For Demat Account opening at Indiabulls Shubh, you need not pay any amount as it is free of cost. They provide free Demat and trading account to the clients. The annual maintenance charges are Rs.450 or it can be even free of cost for the Demat account.
Now, there are two ways to open a Demat and trading account at Indiabulls Shubh:
- Online method
- Offline method
Using the online method, you can open your account with Indiabulls Shubh within 15 minutes, if you have all the required documents.
In the trading world, you need to be tech-savvy and comfortable with doing things online. All the transactions (buy/sell) etc that you’re going to perform in future, once your account is opened, will be online and through advanced trading platforms. They will require you to be technically smart. And therefore, start taking the online route as you can’t ignore the digital path in the future.
How to open your account with Indiabulls Shubh Online?
First of all, let me give a short answer on how to open your account at Indiabulls Shubh before my step-by-step explanation.
On this page, the front step is to signup using your mobile number and verifying the OTP. Then you’ll be required to enter your PAN, bank account, Aadhar verification, and personal details to continue with the signup.
All the instructions are mentioned in the each-step of the account opening page. If you are good at reading and following instructions efficiently, then you do not need to read this entire post. Just follow the instructions, upload the documents and your account will be opened.
Detailed Step-by-step procedure to open your account with Indiabulls Shubh online
Now that you’ve got a basic idea of how to open your account at Indiabulls Shubh online and what are the docs/things required, next, let me give you a detailed step-by-step explanation of the process:
Step 1: Go to the Indiabulls Shubh account opening page on your browser.
Step 2: Click on the signup button.
Step 3: Enter your mobile number, email id, city and then click on open Shubh account.
Step 4: Verify with the OTP sent to you and then click continue.
Step 5: Then continue according to the instructions that will follow up. Check all the detail are filled or not.
Step 6: The KYC documents here needs to be uploaded. The documents mentioned above are the documents you need to upload. Scan the documents and upload them.
Step 7: Once you upload all the documents, those will be verified at the firm by the executives and your application will be approved on proper verification of all details.
Step 8: Since the complete process is online, you can expect to have your login details to your account and start trading within a few.
Offline Account Opening Process:
How to open your Demat and trading account with Indiabulls Shubh offline?
You can also open your account with Indiabulls Shubh offline.
In this approach, you will have to download application forms from the Indiabulls Shubh website, print out the forms, fill it up and sign it.
Then you have to courier the application forms for account opening.
- Their representative will visit you personally. Talk to him/her and take the form for Demat application. He/She will guide you on how to fill the form. Make sure you fill in all the details and everything is correct.
- The next is to submit the documents they ask for KYC purposes. The documents would include your PAN, Voter ID, address proof and the AADHAAR card which is mandatory nowadays.
- The executives will collect all these documents and verify them within some days and then once the application is approved you will get notification mail.
- You can then login to your account with the username and password provided by them.
I will suggest everyone use the online method while opening your account. Indiabulls Shubh is working towards the Digital India initiative and you should be a part of it too. Although online methods seem to have too many steps, they do not take too long. Once you’ve started the application form, you can build a flow and complete the form within 15-20 minutes.
The offline method is good if you do not have an Aadhar card and you want to provide another address proof like Driving license, Voter Id, etc. However, the offline method may take up to 7-10 days to open a Demat and trading account.
That’s all. These are the steps to open a Demat and trading account at Indiabulls Shubh, online and offline. I hope this post on ‘How to open a Demat and trading account at Indiabulls Shubh?’ is useful to the readers. If you have any doubts, comment below.
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