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Q.

What is the minimum amount one has to have in his dmat accnt?

Asked by Tanu, 01 Sep '08 02:55 pm
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Answers (7)

 
1.

Depends on ur volume of trading. There is limit for maximum. Minimum might be Rs.5000/-
Answered by Ramakrishna K, 01 Sep '08 02:57 pm

 
  
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2.

DMat account is not like the bank account wherein U need to maintain a minimum balance. But it various from firm to firm. ICICI needs min. of Rs. 5000 as balance. U need to enquire with the firm where U would like to open an account.

In India, a demat account, the abbreviation for dematerialised account, is a type of banking account which dematerializes paper-based physical stock shares. The dematerialised account is used to avoid holding physical shares: the shares are bought and sold through a stock broker.

This account is popular in India. The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading above 500 shares. As of April 2006, it became mandatory that any person holding a demat account should possess a Permanent Account Number (PAN), and the deadline for submission of PAN details to the depository lapsed on January 2007.

Procedure

1.Fill demat request form (DRF) (obtained from a depository participant or DP with whom your depositor ...more
Answered by Jairam Kshirasagar, 15 Sep '08 03:19 pm

 
  
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3.

Nothing like that. i m using reliance money. mostly i keep zero balance.whenever i need i transfer from my connected bank account
Answered by Vijay Kumar, 01 Sep '08 03:40 pm

 
  
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4.

NO limit...
Answered by Suhas Mahajan, 01 Sep '08 03:06 pm

 
  
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5.

5000 inr
Answered by deepak, 01 Sep '08 03:00 pm

 
  
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6.

50 k
Answered by Praveen, 01 Sep '08 02:58 pm

 
  
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7.

Nowa days many company r opening dmate account free of cost but it cost aroung 750
Answered by abhis, 01 Sep '08 02:57 pm

 
  
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