7 Replies to “which is best bank for demat and online trading account?”

  1. HDFC would be convenient, they would offer you a 3-in-one account and hence would b great option

    arihantcapital.com is also good, their investment advice is great and commissiona re cheap. currently they have a lifetime free demat offer going on, which may rally bring down your invetsment cost.

  2. forget about low brokrege in india icicidirect is largest online trading faccility so there brokrage is high due to his good service.
    think that icici bank is best to open d mat account instead of sbi capital securities because of following reasons: –

    1- It is also a broker so in icici bank or icicidirect a trading account link with your saving account is open jointly to your d mat account so you are able to done online share trading. Some other online share trading service provider like reliance money is not a bank so if you want to trade online with there d mat account you will must to open a saving account in axis bank or icici bank.
    If you open account in sbi cap securities and link your saving account in sbi so this point is not apply on sbi cap securities.

    2- It research service is best in research page of http://www.icicidirect.com you find so many updated tools to analysis a share. But site of sbi cap securities is new and some page in this site show under construction so if we compare both sites research page we find sbi cap securities research is poor than icici direct . you can self compare both site on following links
    the button of research on sbi capsec is not work it may be under construction or open only after login.
    3- If you buy a share online then it price is credited by your saving account automatically and if you sell a share it will be automatically deposited in your saving account

    4- Dividend are also deposited most of companies automatically in icici bank saving account

    5- In my knowledge only icicidirect is provide you a limit order service so you can place your order when market is closed.

    6- Although brokerages is high in icicidirect but in view of it high quality online share trading service it is ignorable.
    7.if you use GPRS internet than avoid icici direct because this site work only with high speed internet. in GPRS internet icici direct logout you automatically and show error message that user id is invalid.

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