Urgent Query regarding Online trading

#1
Hello friends,

I am willing to go for opening a demat and trading account with a discount broker( rksv or zerodha). Regarding it I have some queries :-
1. Is it necessary to have a net banking-enabled bank account or if payment trasactions can be done using debit/credit card also? And I would like to trade online only.
 

lemondew

Well-Known Member
#3
Since when can we buy shares using credit card I would have taken all banks credit cards If this facility is available
 
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lemondew

Well-Known Member
#4
sorry but i dont think you can fund a trading account for equities with a credit card. Most brokers ve security mechanisms which ensures that money moves only between your registered bank account (with them) to your trading account. Using a debit card I can fund your trading account SEBI has banned this.

I am not sure if its possible to verify debit card belongs to bank account registered with your broker and so on but I doubt someone would go to that extent to provide this service.
 
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