AS WE DISCUSSED EARLIER IT IS QUITE ESSENTIAL TO HOLD A PAN-CARD NOW-A-DAYS. THE ISSUE IS HOW TO GET ONE?
ITS ONE OF THE EASIEST THING TO DO.
GO TO ANY FINANCIAL INSTITUTION (UTI, KARVY,ETC ARE PERMITTED BY THE GOVERNMENT FOR THIS PURPOSE).ASK FOR A PAN APPLICATION FORM(Rs 5/- ONLY).FILL THE FORM AND ATTACH PROOFS OF RESIDENTIAL ADDRESS AND OF YOUR BIRTH DATE.PAY THE FEES (Rs 67/- ONLY) AND SUBMIT THE APPLICATION.YOUR PAN-CARD IS SENT TO YOUR ADDRESS WITHIN 15-20 DAYS.
(THE ABOVE FEES ARE THE ONES APPLICABLE IN MAHARASHTRA,THEY MAY VARY A BIT AT OTHER PLACES).
ONCE YOU HAVE A PAN-CARD YOU ARE ALL SET TO OPEN A DEMAT ACCOUNT.
DEMAT ACCOUNT CAN BE OPENED AT ANY BROKER JUST MAKE SURE THAT HE IS A SEBI REGISTERED BROKER.
SEBI STANDS FOR SECURITIES & EXCHANGE BOARD OF INDIA AND IS THE MARKET WATCHDOG.IT KEEPS A STRICT VIGIL OVER THE MARKET ACTIVITIES AND SAFEGUARDS THE INVESTORS.
INDIA BULLS,SHAREKHAN,KARVY,RELIANCE,LKP,ANAND RATHI ARE SOME OF INDIA'S LEADING BROKERS.
DEMAT ACCOUNT CAN BE OPENED BY PAYING THE BROKER HIS ANNUAL FEES,PROVIDING HIM YOU SAVING ACCOUNT PASSBOOK'S LATEST UPDATE AND YOUR IDENTITY PROOFS.WE WILL DU ELY SEE HOW THE DEMAT ACCOUNT WORKS & VERY SOON WE WILL PERFORM OUR FIRST TRANSACTION TOO.
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