When one takes the decision to trade in the stock market, it can be a daunting one. One is often required to navigate through multiple formalities before one is allowed to trade. For a person who has never been through this process before, it can be overwhelming to experience. However, it is imperative to make certain that you are able to thoroughly understand these requirements and fulfil them. Without passing through the procedure, you will not be allowed to trade in the markets at all. With the help of experts at The Profits Manager, you can make certain that you are able to meet all the requirements.

In order to trade effectively, one needs a demat account.

What is a Demat Account?

A demat account is an essential must-have for everyone who wants to trade in the markets. The demat account acts as digital replacement for all the trades made in the markets, forgoing the need of obtaining and protecting physical certificates of the same. With a demat account you can make certain that you are able to effectively buy, sell securities without any trouble. You can also monitor your purchases in an electronic manner with the help of a demat account. 

Steps to Open Your Demat Account in HDFC

By following the below-mentioned steps, you can open a demat account in HDFC and start trading without any issues:

Step #1: Open the HDFC Securities Website 

The first step is to make certain that you are able to visit the HDFC securities website. One can also access the same on their mobile app. Once the website or the app has loaded, look for a new account option. Click on that button. 

Step #2: Fill Out the Online Forms 

Once you have clicked on the button, the next page will ask you to fill in your personal information, including your name, address, phone number, PAN card number etc. This platform also wants you to select what type of demat account you are opening: individual, joint, or a corporate account. 

Step #3: Provide All the Required Documents 

Once you have filled all the forms, the next step is to ensure that you are able to provide valid and verifiable documents to attach with your application. 

Step #4: Verify Yourself Through In-Person Verification (IPV)

In some instances, the person who is trying to open an account might be prompted to verify themselves. This step can be completed by video calling a representative of HDFC bank. 

Step #5: Send In Your E-Signature 

The last step is to digitally sign your application. By providing an e-signature, you can make certain that you are able to enhance the process of application in a rapid fashion. 

Step #6: Activate Your Account 

Once your application is approved and your documents are thoroughly verified, your account will be activated. You will receive your ID, through which you can set up your password. 

Step #7: Proceed with Trading 

Once everything is set up, you can thoroughly proceed with trading. Buy, sell or monitor your portfolio through your HDFC account. 

Trading and investing in stocks might seem impossibly tough in the beginning. However, one needs to make certain that you are able to thoroughly understand the intricacies and patterns of the market before they start investing. If you want to make certain that you are able to turn profits from stock markets, you can thoroughly make certain to enroll yourself in our courses. With the help of The Profits Manager, you can make certain that you are able to not only trade in the market but also turn a profit. 

Our courses are essentially designed for everyone – no matter if you are a newbie or seasoned professional, the variety of our courses ensure that there is something for everything. Make sure that you are able to invest wisely in the markets with our help!