Hi,
I've taken an SBI demat and sbicaps trading a/c. I shall not do any trading, it will all be delivery based, and was thinking of adding a reliance/angel/ibulls trading a/c to the SBI demat.
I'm very very new to this thing, so have a few questions. Apologies if they appear to be very basic and or silly.
1) My bank a/c is with axis, and as i said, demat with sbi, and lets say online trading a/c with reliance money. is this arrangement possible and/or good? or is there a problem with having 3 different names for your 3 a/cs.
2) im mostly inclined towards reliance money owing to the really low brokerage. ive gathered from these forums that their platforms are problematic, but since i'll only do delivery based without the need of dedicated terminals/platforms, i'm willing to take the plunge. in this regard, i wanted to ask - suppose i buy X shares from my reliance money web based platform, but cant connect to it for some reason, can i sell the same thing from my other sbicaps a/c?
3) i went with sbi demat because i 'perceive' it to be safe. is my perception correct, or are all demat a/c equally safe as the other one, since they are maintained with depositories.
4) i really dont get the money flow. who do i transfer money to when i want to buy shares? my online trading a/c or demat a/c? and who do i take it out from when i want money back into my savings a/c?
any help would be much appreciated.
thanks in advance!!
-Sharmistha
I've taken an SBI demat and sbicaps trading a/c. I shall not do any trading, it will all be delivery based, and was thinking of adding a reliance/angel/ibulls trading a/c to the SBI demat.
I'm very very new to this thing, so have a few questions. Apologies if they appear to be very basic and or silly.
1) My bank a/c is with axis, and as i said, demat with sbi, and lets say online trading a/c with reliance money. is this arrangement possible and/or good? or is there a problem with having 3 different names for your 3 a/cs.
2) im mostly inclined towards reliance money owing to the really low brokerage. ive gathered from these forums that their platforms are problematic, but since i'll only do delivery based without the need of dedicated terminals/platforms, i'm willing to take the plunge. in this regard, i wanted to ask - suppose i buy X shares from my reliance money web based platform, but cant connect to it for some reason, can i sell the same thing from my other sbicaps a/c?
3) i went with sbi demat because i 'perceive' it to be safe. is my perception correct, or are all demat a/c equally safe as the other one, since they are maintained with depositories.
4) i really dont get the money flow. who do i transfer money to when i want to buy shares? my online trading a/c or demat a/c? and who do i take it out from when i want money back into my savings a/c?
any help would be much appreciated.
thanks in advance!!
-Sharmistha
