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How much money would i require to initially open a demat account and start my share business???

  • Before starting my share business how much money do i need???

  • Answer:

    If you want to open Demat account with ICICI Bank (http://www.icicidirect.com), the first year Fee is Rs 750/- and subsequent yrs fee is Rs 300/-. They open 3-in-1 account where in you can a demat account along with savings account. The minimum balance in your savings account should be Rs 5000/- for a quarter. There is no minimum amount required for share market. You can even start the same with Rs 1000/-. Also remember banks / broker charge some transaction fee when you buy / sell shares through them.

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for opening an demat account u require 500Rs as bank fees nd + u require PAN Card its compulsory nowdays u shuld have a Bank acount with the same bank where u opening Demat account nd minmum balance should be 5000rs. Some bank also provides like sharekhan IDBI where u can trade through home i:e through internet online trading with no extra charge only brokrage is to be paid DEMAT account fees r different for different banks nd institution but maximum it is 500 to 700 nd for investing it depends on u u can start with 1000 rs also but stay alert when u r investing invest in bluechip(A group) or Mid cap nd if u can take risk then u can go for small cap also

shail0070

Depends on who you use. CMC Markets is the lowest start that I know of at $2000 CDN but if you are worried about raising a minimum amount you'd be better off not giving it a whirl until you have traded a demo account for several weeks and proven yourself to be successful. It is not just about the minimum amount, consider the leverage you can get (again CMC Markets are good for this - I have no agenda to push them, just that I understand that they are a good provider), the instruments that you can trade through them, the platform that they give you to use and how easy that is for you to understand. If I were you I'd research the providers with the minimum sum being almost the least of your worries. For pete's sake don't use a high street provider who can't offer you any leverage.

Rupert W

It depends on which brokerage firm you select. It would be about Rs. 2500 to 7500 including minimum balance required for bank account. To read about how to start investing in indian stock market, visit: http://www.dropssavings.com/Invest/howto-india-share.htm To read about how to start investing in UAE Stock Market visit: http://www.dropssavings.com/invest/howto-uae-share.htm

pvmpadiyil

Min.Rs.500/-. minm.balance at the same bank varies starting from Rs.2500/- to5000/-. pan card is a must.

apan

< 1000/-

ak_pathik

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