When a person buys shares of a company, he or she also gets certain rights similar as the right to earn tips and also part- power of the company. In order to buy shares, the first step is to open a trading account or Demat( dematerialised) account. These accounts are linked to the account holder’s bank savings accounts to insure smooth transfer of finances.
Demat and trading accounts are handed by the two magazines, NSDL and CDSL, through brokerage enterprises. In order to open these accounts, one has to communicate a brokerage. There are different brokerage enterprises and each has its own unique plans and products, a range of charges, which generally range from0.01 per cent to0.05 per cent. Some brokerages offer flat rates. Want to know more? Share below 5 rs and read it here.
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