To close a demat account, you submit an account closure form to your broker or depository participant, signed by all holders, after the account has zero holdings and no pending dues. Some brokers now let you do this online with an Aadhaar e-sign. Before you send the form, clear three things. First, sell or transfer […]
Where are NISM exam centres in Mumbai and Thane?
NISM exams are held at authorised test centres, and you choose one while booking your exam on the NISM certification portal. The portal shows the centres currently available in Mumbai, Thane, Navi Mumbai and other cities, along with open slots. We don’t list specific addresses here because test centres can be added, closed or changed, […]
How do I transfer shares from one demat account to another?
You transfer shares between demat accounts by submitting a Delivery Instruction Slip (DIS) to your current broker, or by using the online transfer facility offered by NSDL or CDSL. The receiving account details go on the slip, and the depository moves the shares. Here is how it usually works. You need the 16-character target demat […]
What are annual maintenance charges (AMC) on a demat account?
Annual maintenance charges are a yearly fee your Depository Participant (broker or bank) charges to keep your demat account active, whether or not you trade. It covers the DP’s cost of maintaining your account records and services. The amount varies by broker. Some charge a fixed yearly amount, some charge it quarterly, and some waive […]
What is a lifetime free demat account, and is it really free?
A “lifetime free” demat account usually means you don’t pay an account opening fee or annual maintenance charges (AMC). It doesn’t mean every service on that account is free. Even with zero AMC, you’ll typically still pay: Some offers also come with conditions. The free AMC might apply only for the first year, only if […]
Can I have more than one demat account?
Multiple demat accounts are allowed under one PAN. You can hold several as long as each one is with a different Depository Participant (DP). For example, one with a discount broker and another with your bank. All of them are linked to your PAN, so your investments across accounts can be tracked together. Your CAS […]
What is the NISM exam fee?
NISM exam fees vary by module and are listed on the official NISM certification portal. Since they can be revised, check the current fee for your specific module on the portal before booking. We don’t quote a number here because fees differ between certifications and NISM updates them from time to time. The portal shows […]
What are the 24+ strategies taught in Upside’s Option & Future course?
The course covers more than 24 option and futures strategies, grouped by market view: bullish, bearish, sideways and volatile. Each strategy is taught with its payoff, risk and the conditions where it fits. Typical groups covered in a course like this include: The trainer shares the exact list and sequence in class. What matters more […]
Can I open a demat account without an Aadhaar card?
Yes, you can. Aadhaar makes online KYC faster, but it isn’t the only option. You can use other valid proofs of address and complete KYC offline or through a non-Aadhaar route. What remains compulsory is your PAN. Without a PAN, you can’t open a demat account for trading in Indian markets. Common alternatives to Aadhaar […]