Suggestions for demat account
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Before opening a demat account, always look through the following:
1. Choose the right type of broker. Depending on your needs, decide which broker suits you best. While a discount broker helps you invest in shares, a full services broker also helps you with personal investments.
2. Have a look at the processing fees and charges levied by the brokerage firms and choose the one that is suitable for you.
3. Choose a suitable nominee to whom your investments are transferred if you die.
4. Ensure that the broker uses user friendly software and technology to make your work easier.
5. Finally, make sure that the brokerage firm has excellent customer service so that they help you in case things do not happen according to plan.
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