New Investors: Problems and Solutions How To Choose A Stock Broker

B.S.E. And N.S.E. A list of brokers is available on the website of. Apart from this, brokers also keep getting their information published through many mediums. But while choosing a stock broker, its track record must be taken and if it is near your home and office then its selection will be convenient. Now many banks also do broking business. Any of them can also be selected.

Depositary Participant (D.p.) Whom to choose as?

As far as possible, if your broker provides such service, seek this service from him or your D.K. to the provider of such service near your home or office. P. Select. Most Bank D.P. Are. Out of that, open a demat account with the bank of your choice. Keep the records of your demat account properly and keep the information given to it properly. Keep your instruction slip carefully.

Companies, brokers or D. P. What to do if there is a complaint against?

In case of complaint against companies, SEBI can be contacted in addition to the Investor Service Department of the stock market. If there is a complaint against the broker, a complaint can be made in the stock market and if the stock market does not provide a satisfactory solution, then a complaint can also be made to SEBI. D.P. If there is a complaint against this, this complaint can be made to the depositary. In this case also the last stop is SEBI.

What is the way to get information about companies?

Business channels, newspapers and economic review companies keep giving news related to this. Apart from this, news from results of companies and other developments also keep coming on the stock market website. Information is also available on the companies’ own websites. Information about research reports of independent research agencies and brokers is also published from time to time. T.V. Latest news of companies also keeps coming on news channels.

Share broker or D.P. What needs to be done to open an account with?

As a customer, the stock broker has to provide you with all the information and sign an agreement. The broker then gives you an ‘unique identification number. Thus D.P. Also has to give his information. The special thing is that to open an account, it is necessary for you to provide your Income Tax PAN (Permanent Account) number. Broker without it or D. P. An account cannot be opened with. PAN has now become necessary to deal or hold shares in the stock market.

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