InvestorQ : Is it essential to integrate banking account, demat account, and trading account?
Juvina Maggie made post

Is it essential to integrate banking account, demat account, and trading account?

Answer
user profile image
Niti Shenoi answered.
2 years ago


This is the most important feature of any internet trading account. When you buy shares, the bank account has to get debited. In case the banker and the broker are from the same group then you may be permitted to buy without margin in your trading account. But if your broker is not your banker then you need to first fund your trading account. Either way, the procedure must be quick and seamless. On the T+2 day, the shares must be credited to your demat account. You need to sign a power of attorney (POA) with your broker post which the movement in and out of your demat account will be seamless. A seamless interface is a very important facility. The advantage of being seamless is that you do not have to worry about the discrete parts of your internet trading and they all fall together.