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What are the documents required for trading in NSE?

Date: 01 Jun 2009    Group: Finance and Investments    Category: Stock Market   

I don't know anything about stock trading. I want to know how to get registered? what are the document required and from where can i know more about stock trading especially online?

Author: Nilesh    01 Jun 2009      Member Level: Gold     Points : 2  (Rs 2)    Voting Score: 0

Hi Anonymous,

For trading in NSE/BSE one must have a Trading Account, Demat Account and Bank Savings Account. It is also called as 3-in-1 Account. Many banks are providing 3-in-1 accounts free.

Documents required for Individual Trading Accounts are:

Proof of identity (Any one of the following)
-PAN Card
-Driving License
-Voter ID
-Ration Card

Proof of Address (Any one of the following)
-Driving License
-Voter ID Card
-Ration Card
-Bank Passbook
-Residence Phone Bill - Not more than 2 months old
-Electricity Bill - Not more than 2 months old
-Rental Agreement
-Insurance Policy

Bank Account Proof - Trading
-Bank Passbook / Statement
-Cancelled cheque leaf (for MICR purpose)

-Client Master Report (With Seal of DP)
-Transaction / Holding Statement (With Seal of DP)
-E-mail id mandatory for Internet Trading Accounts

Author: DHRUBA    02 Jun 2009      Member Level: Gold     Points : 2    Voting Score: 0

Yes the documents as pointed out above are necessary.
But you should registered with the stock exchange through any registered broker.You submit the required documents with your broker along with the amount to be kept in your trading accounts , then your broker will provide you your password and user id.After this you can trade online with the share market,you can also instruct your broker through telephone to purchase or sell certain share etc.etc. So first contract any broker for complete result.

Author: ARNICA SINGHAL    03 Jun 2009      Member Level: Silver     Points : 3  (Rs 3)    Voting Score: 0

Hi Anonymous,

First of all you should learn about basics of india security market. How everything works out and than gain your knowledge about stock trading. The basics you can find out from stock investopedia.

Your next step should be the selection for registered, sound and experienced stock broker.

After that you can go to any registered organization or institute for demat account and than trading account.The document required for demat and trading account as per KYC (Know your Customer) and AML (Anti Money Laundering) policy of SEBI are:

Identity Proof:

(i) Passport
(ii) PAN card
(iii) Voter’s Identity Card
(iv) Driving license
(v) Identity card (subject to the satisfaction
of the branch)

Address Proof:
(i) Passport
(ii) PAN card
(iii) Voter’s Identity Card
(iv) Driving licence
(v) Identity card (subject to the satisfaction
of the branch)
(vi) Letter from a recognized public
authority or public servant verifying the
identity and residence of the customer to
the satisfaction of branch
(vii) Telephone bill
(viii) Bank account statement
(ix) Letter from any recognized public
(x) Telephone bill
(xi) Bank account statement
(xii) Letter from any any recognized public
xiii) Electricity Bill
xiv) Ration Card
xv) Letter from the employer, (subject to
the satisfaction of the branch)

Bank Account Proof - Trading
i)Bank Passbook / Statement
ii) Cancelled cheque leaf (for MICR purpose)

PAN card is compulsory in all trading accounts.

Author: HARISH    19 Jul 2009      Member Level: Bronze     Points : 2    Voting Score: 0

To begin with start reading materials on stockmarket-Then contact a broker and register your-self with him for trading,simultaneously you should have an savings/d-mat/which all banks can help,the documents required would be pan card/proof of address/bank account proof/d-mat proof,online trading can be done through banks also,and you should attend seminars conducted by sub-brokers to get acquaitaince.

Author: [Anonymous]    25 Jul 2009      Member Level: Bronze     Points : 1    Voting Score: 0

first thing which one requires is to open the trading account.for opening the account you must require proof of identity and your pan card.

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