Need suggestion to open Offline Demat Account

Need suggestion to open Offline Demat Account

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Deal Lieutenant
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My father is a senior citizen. However, he is not computer friendly. He has a demat account in Ashika Stock Broking where he calls on phone and places order. But now Ashika is closing services in my area. Can you guys suggest other better offline stockbroker agency? My father wanted to open SBI Demat but I know personally that they give landline nos. And the number remains always busy during peak hours.

10 Comments  |  
8 Dimers
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Deal Lieutenant
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Any suggestion guys?

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Entertainer
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RockChap wrote:

Any suggestion guys?

HDFC undertakes orders on phone, would be beneficial only if the volume of trades are not large or else you lose on broking charges part

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Deal Subedar
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Is there any website offer instant opening of demat account
Which is best and lowest brokerage demat account

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Deal Cadet
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Gothillabro wrote:

Is there any website offer instant opening of demat account
Which is best and lowest brokerage demat account

You can try upstox and zerodha.

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Deal Newbie
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Finvasia, you can open your account within minutes with them but only if your KRA is complete and mobile number is registered with aadhar card.
And when it comes to pricing then I guess no other broker can beat these guys, they have zero brokerage in all segments and account opening charges plus AMC are also zero (for lifetime)

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Pro Critic
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You can open demat account with any big trading firms like Sharekhan, Religare etc and they also accept orders via phone. They also have apps which is pretty user friendly.

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Deal Newbie
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don’t you think they are too expensive confused

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Deal Subedar
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I don’t recommend anything below ICICI Securities and HDFC. You may call them bad as they charge more but atleast they have 99.5% uptime as compared to cheap finserv companies who betray you anytime. I am with ICICI since 1998 (21 yrs now).

I tell you a real life story where my friend lost more due to downtime then what he makes. He had acc with Zerodha and trades online. I was sitting with him when technical snag hit Zerodha and he was unable to sell his intra-day trades. Called them and lines remained busy throughout day. That day he made loss of Rs.67500. I always asked him that cheap brokers can cost you dearly once in a life. Same way I have seen many people who sometimes loses money because of down services with cheap brokers. Since then most of my knows are with ICICI, HDFC only. If you take longer investment calls then these brokers can benefit you but only few rupees.

I am with ICICI Prime plan currently @ 900+18% GST= 1062/year. 1. 0.25% in Cash delivery (25/10000). 2. Margin/Future- 0.025% or 2.5/10000. 3. Option- 35/lot. 4. Currency- 0/lot. Peace of mind.

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Deal Newbie
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Whatever you said is absolutely correct, I am fully aware about the technical glitches in zerodha platform but I don’t think this is the case with every broker I am using finvasia for quite some time and never faced any such issue.
And What I feel is discount brokers are really affordable especially for small traders and investors like me, I mean why I would pay for those services which I can avail at absolute zero cost.
Zero charges for demat account, zero AMC for lifetime, zero brokerage, responsive customer support.
I don’t see any reason not to choose them!

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