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An important thing to remember before opening a Demat-Trading account online

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bikidas2060

You have chosen the right broker with the right bells n whistles.Hold your horses. Pump the brakes. Shreeeeeeeeeeeech and halt.
I know, heart is racing, you gonna open your first Demat account. But we have skipped an important piece of information.
i.e. your bank details.

Ask whether your broker’s payment gateway supports your bank!!! It is a very rude way of awakening. I opened my mother’s account in IIFL. My maa does not have any netbanking. So, I had her registered in IDFC first bank. I opened an IIFL account for her. Lol, IIFl doesn’t support IDFC first net banking, n IDFC first can’t send money to IIFL via IMPS/NEFT. It says account details n IFSC code does not match. That’s really nice.

I will add top 10 brokers as per my knowledge and I will add list of banks supported by them

1) Zerodha
Source:https://zerodha.com/fund-transfer#tab-deposit...ds

2) Upstox
Source: https://upstox.com/funds-tra...r/

3) 5Paisa
Source: https...ww. 5paisa .com/bank-list-details

4) Groww
Source: https://groww.in/blog/banks-supported-paperles....

5) Alice Blue
Source: https://aliceblueonline.com/bank-de...s/

6) SAMCO
Source: https://www.samco.in/fund#bank...al

7) Tradesmart
Source: https://tradesmartonline.in/trading/online-fund...

8) FYER’s
Source: https://fyers.in/fund-tra...r/

No info regarding Paytm Money and Master Trust

Some Other broker
1) Sharekhan:
Banks currently supported by Sharekhan for online fund transfer: Axis Bank, Bank of India, Citibank, Deutsche Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, Indusind Bank, Kotak Mahindra Bank, Oriental Bank of Commerce, State Bank of India, Union Bank of India and YES Bank.
Source: https://www.sharekhan.com/campaign/zero.aspx#:~....

2) Angel Broking
Source: https://www.sharegyaan.com/list-of-bank-in-ange...

3) IIFL
HDFC Bank, Axis Bank, ICICI Bank, Bank Of Baroda, Federal Bank, Kotak Mahindra Bank, Yes Bank
Source: https://ttweb.indiainfoline.com/trade/FAQs/Fund...

4) Motilal Oswal
Source: http://onlinetrade.motilaloswal.com/emailers/ba...

5) Geojit
Source: https://gcc.geojit.net/Mailers/5826257132013265...

42 Comments  |  
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Community Angel Community Angel
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vijkap201 wrote:

Dekho ji, jab se hosh sambhala tab se account icici aur demat icici direct mein paya… tab se lain dain wahi hai… wink toungueout

इश्क के इम्तिहान और भी हैं
ICICI के आगे जहान और भी हैं

Hunk Hunk
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vijkap201 wrote:

Apne charts to Sudarshan Sukhani aur Rakesh Jhunjhunwala hi hein… wink toungueout

Me socha spider wagera use karte 🙂🙂🙂

Pro Entertainer Pro Entertainer
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drupal wrote:

इश्क के इम्तिहान और भी हैं
ICICI के आगे जहान और भी हैं

Ishk ka reason yahi hai ki kaafi shares issi account mein accumulate ho gaye hein over a period of time… BTW I do only delivery based transactions… wink toungueout

Deal Captain Deal Captain
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Grow gives free Demat Account with Zero AMC.
No F&O and Commodity trading.

Hunk Hunk
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vijkap201 wrote:

Apne charts to Sudarshan Sukhani aur Rakesh Jhunjhunwala hi hein… wink toungueout

Bhai dm thoda dekhiye naa

Hunk Hunk
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soccergiants wrote:

Grow gives free Demat Account with Zero AMC.
No F&O and Commodity trading.

Baaki tools bhi chahiye naa

Deal Captain Deal Captain
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bikidas2060 wrote:

Baaki tools bhi chahiye naa

If anyone looking for separate investment demat account this looks good.

Deal Cadet Deal Cadet
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Anyone of those supporting crypto?

Shopping Friend Shopping Friend
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I opened mom’s account in zerodha with paytm bank. Cant apply to IPOs now thru it as PPB doesnt support that. Thinking of opening her account on IDFC First. will it work?

Hunk Hunk
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drupal wrote:

OT: Multiple demat accounts are very helpful for categorical investment and trading
Keep atleast one account for trading one for investment,
Looking into nvestment accounts everyday is harmful bas dhakkan band Kar ke rakh do aur paisa banne do

Acha bhau, app kaunsa wala broker use karte hain???

Deal Cadet Deal Cadet
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Before opening a DMAT account understand all the broker’s charges clearly – brokerage, dp, amc, account closing, cml etc.
Don’t go about opening a account blindly because there is some discount or cashback.

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