Frequently Asked Questions

Once you are clear about what is a trading ac and why you need it, you can open one by visiting the website of a SEBI-registered broker and filling out the necessary forms. You will need to complete the documentation requirements besides completing the broker’s verification process. Once all the formalities are completed the broker will provide you with the login details for your trading account and you can start buying and selling securities.

A Demat account acts as the repository of stocks but to purchase these stocks you will need to have a trading account. However, if you are not interested in trading and only wish to invest in IPOs and futures and options trading, you can go for only a Demat account.

You can request the brokerage firm with whom you have a trading account to close it. They may require you to provide certain documents and ensure that there are no pending charges against your account. Once satisfied your trading account will be closed in a couple of days.

You can add multiple banks to your trading account by keeping one of them as the primary account and the remaining as secondary bank accounts. While all accounts can be used for the transferring funds into the trading account, only the primary account can be used to make withdrawals from your trading account.