How to Buy and Sell Shares in Demat Account ?
Also here is the link of Wikipedia of What is Demat Account?
Buying and selling shares using a Demat account involves several steps, which can be broken down into a clear process:
How to Buy and Sell Shares in a Demat Account?
How to Buy Shares in a Demat Account
Procedure to Buy shares in Demat Account ? How to Buy shares in demat account?
- Open a Trading and Demat Account:
- Choose a Broker: Select a broker who provides both trading and Demat services.
- Examples: Upstox, Groww, Zerodha
- Complete KYC: Submit required documents like PAN card, Aadhaar card, bank statements, and photographs to complete the Know Your Customer (KYC) process.
- Link Bank Account: Link your bank account with your trading account for seamless fund transfers.
- Fund Your Trading Account:
- Deposit Funds: Transfer money from your bank account to your trading account to have available funds for purchasing shares.
- Log In to Your Trading Platform:
- Access Platform: Use your broker’s online trading platform or mobile app to log in to your account.
- Search for Shares:
- Stock Selection: Use the platform’s search feature to find the shares you want to buy. Check the stock symbol or company name.
- Place a Buy Order:
- Order Type: Choose the type of order (market order, limit order, etc.).
- Quantity and Price: Enter the number of shares you want to buy and the price at which you wish to purchase them.
- Review Order: Confirm the details and place the order.
- Order Execution:
- Order Confirmation: Once your order is executed, the shares will be credited to your Demat account.
- Check Holdings: Verify the shares in your Demat account through the trading platform.
How to Sell Shares in a Demat Account
Procedure to Sell shares in Demat Account. How to Sell shares in demat account?
- Log In to Your Trading Platform:
- Access Platform: Use your broker’s online trading platform or mobile app to log in to your account.
- Select Shares to Sell:
- View Holdings: Navigate to the section showing your Demat account holdings.
- Choose Shares: Select the shares you wish to sell from your portfolio.
- Place a Sell Order:
- Order Type: Choose the type of sell order (market order, limit order, etc.).
- Quantity and Price: Enter the number of shares you want to sell and the price at which you wish to sell them.
- Review Order: Confirm the details and place the order.
- Order Execution:
- Order Confirmation: Once your sell order is executed, the shares will be debited from your Demat account.
- Funds Transfer: The proceeds from the sale will be credited to your trading account, which you can then transfer to your bank account.
- Check Your Account:
- Verify Sale: Ensure that the shares have been debited from your Demat account and the funds are available in your trading account.
Key Points to Remember:
- Transaction Fees: Be aware of brokerage fees and charges associated with buying and selling shares.
- Settlement Period: Typically, the settlement of trades occurs within two working days (T+2).
- Account Linking: Ensure that your Demat and trading accounts are linked for smooth transactions.
- Market Orders vs. Limit Orders: Market orders execute at the current market price, while limit orders execute only when the stock reaches a specified price.
By following these steps, you can effectively buy and sell shares through your Demat account, making your investment transactions smooth and efficient.
To know what is a demat account and how to open demat account? You can click on the below link and have a look at the article.
What is Demat Account? And how to open Demat Account ? – Share Market Info (stockmarket-info.com)
Conclusion: How to Buy and Sell Shares in Demat Account ?
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