Venkata chalapathi naiduKnowledge Contributor
The documents required for trading account are as under: Proof of Identity: PAN card/Aadhaar Card/Passport/Voter ID/Driver's License Proof of Address: Utility Bills (Telephone, Electricity, etc.)/Ration Card/ Aadhaar Card/Passport/Voter ID/Driver's License. Bank Details: Cancelled cheque/Copy of Bank passbook. Proof of Income: Copy of ITR/Account Statement for the last 3 months/Salary slips
The documents required for trading account are as under: Proof of Identity: PAN card/Aadhaar Card/Passport/Voter ID/Driver's License Proof of Address: Utility Bills (Telephone, Electricity, etc.)/Ration Card/ Aadhaar Card/Passport/Voter ID/Driver's License. Bank Details: Cancelled cheque/Copy of Bank passbook. Proof of Income: Copy of ITR/Account Statement for the last 3 months/Salary slips
The process to trade using a trading account is relatively straightforward. Your trading account is like a link between your bank account and your DEMAT Account. You can place an order for the shares you wish to purchase through your trading account. Your order is then sent to the stock exchange for processing. If the order is executed, the shares get deposited into your DEMAT account, and the funds are debited from your bank account. Sell orders follow a similar process. Once the order is executed, the shares are taken from your DEMAT account, and the funds are credited to your bank account.