Earn money by referring demat accounts
See Brokerage List
Opening: Client has to pay this amount to open demat account
1st trade min.: Client has to do a minimum trade of this value after account opening
After acc opening, the client has to add funds to the demat account by UPI & perform a min. trade as mentioned. He/she can withdraw all amount from the account on the next working day.
What is a demat account ?
A demat account is a simple & secured way to hold stocks(shares)
and securities in an electronic format, just like you keep money
in bank accounts. In India, CDSL & NSDL are the only two
depositories controlled by Govt. of India (or its boards), who
hold your stocks. So, no broker can run away with your holding
stocks (unless you give them PoA).
Can someone have multiple demat accounts ?
YES, a person can have demat with multiple brokers, but only 1
account per broker can be openend.
Can any broker deduct any amount from the client's bank account ?
No, if the client do not transfer funds himself to the
demat/trading account, the broker CANNOT deduct any fees
directly from the bank.
What if the client do not pay AMC fees ?
AMC is deducted by the broker from the trading account. If
someone do not have sufficient funds in his trading account, the
broker cannot deduct AMC, but his trading margin will become
negative by the same amount. So, in future if he chooses to
trade with the same broker, he will have to pay the fee.
What if the client do not use their demat account ?
By order of SEBI, if someone do not place any trade for 365
days, the demat account will become inactive/dormant and the
client will have to re-do the KYC process in order to activate
the demat/trading account.
Can I open an accont for myself ?
Yes, you CAN open any number of accounts for yourself and earn
exact same referral amount as shown on this site.
