| In order to start share trading in India three types of | | | | separate agreements for share trading on BSE and |
| accounts are necessary, a trading account with a | | | | NSE, Risk Disclosure Document and certain power of |
| broker, a Beneficial Owner account with a Depository | | | | attorneys that are given. Ensure you read the power |
| Participant and a bank account. It is advisable to go | | | | of attorney carefully and you are authorizing only for |
| for an online trading account rather than an off line | | | | delivering shares to exchange on your behalf against |
| account with a broker. Online share trading allows | | | | your sale trades and not for any thing else. The KYC |
| trading of a single share as well. Online share dealing is | | | | form captures your contact details and your financial |
| possible through banks that offer online banking or | | | | worth. This Form is also accompanied with Proof of |
| core banking facilities. Most online stock trading | | | | your identity, proof of your residence and Permanent |
| companies have tie-ups with banks for online | | | | Account Number (PAN) card. Proof of identity can be |
| transfers; therefore once you select your online | | | | given by submitting a copy of your Passport, Voters |
| stock broker, even they will also guide you through | | | | card etc. You need to get your photograph attested |
| the process. | | | | by your banker. Proof of address is ration card, latest |
| The account opening form of the broker has four | | | | electricity bill etc. All documents should be produced in |
| components. The Know Your Client (KYC) Form, | | | | original for verification. |