Which Bank account is best for trading purpose?
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Hi, Please provide details related to Bank account opening process details like minimum account balance, Charges related to transactions etc. I intend to use this account mainly for Trading purpose.
Kindly provide your opinions.
Kindly provide your opinions.
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https://www.desidime.com/discussions/which-bank-account-is-best-for-trading-purpose?page=1#post_10065141
Depends on the broker and the depository participant (DP) too.
Say if the group Haa both, a brokerage company and another DP too
and all of them have a preferred banker, then usually on-line fund transfers, as also off-line TIFD or fund transfers too might be less cumbersome.
So it might help to pivot around the brokerage and if their bankers seem feasible, then go for the same.
Separate arms of some groups have all three; a bank, a DP and brokerage.
Such groups then bind the customer through various power of attorneys to have smooth back-end integration of all three.
They then engage in daylight mini-robbery by charging (brokerage) fee/commissions that can be exorbitant, all in the name of giving a seamless interface.
Say if the group Haa both, a brokerage company and another DP too
and all of them have a preferred banker, then usually on-line fund transfers, as also off-line TIFD or fund transfers too might be less cumbersome.
So it might help to pivot around the brokerage and if their bankers seem feasible, then go for the same.
Separate arms of some groups have all three; a bank, a DP and brokerage.
Such groups then bind the customer through various power of attorneys to have smooth back-end integration of all three.
They then engage in daylight mini-robbery by charging (brokerage) fee/commissions that can be exorbitant, all in the name of giving a seamless interface.
https://www.desidime.com/discussions/which-bank-account-is-best-for-trading-purpose?page=1#post_10065359
Please confirm whether you wish to open a 3 in 1 account i.e. savings + demat + trading. Or you already have a trading account and want to link a savings account with it?
https://www.desidime.com/discussions/which-bank-account-is-best-for-trading-purpose?page=1#post_10065486
I already have a trading account. I just want to link my savings account as my present savings account is a salary account and the bank is asking clarification for the huge transactions every month. It has become a headache.
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since you want it for trading hmmmm any HNI bank programme account from any top banks (axis or HDFC or anything) will be good:) if you are planning for lot of transactions:)