‘Make money, not mistakes’ is the tagline of Bonanza that means though share market is full of risk but without making mistakes, we can earn money from trading by choosing right broker that can offer you best facilities an affordable cost. Traders must choose wisely & trade wisely and it can possible with Bonanza as it provides free research and advisory services to its clients. Bonanza is a SEBI registered broker and offers to invest in equity, derivative, currency, commodity, mutual fund and IPO. Bonanza provides the facility to any Non-resident Indians (NRIs) to invest in Indian share market through its platform. Bonanza offers leverage and margin exposure in every plan for every segment which is quite beneficial for beginners and experienced traders. As the depository participant of CDSL and NSDL, it provides depositary services and 2-in-1 account to its clients.
Bonanza offers many trading software and mobile application through which you can place your order from any place across India. One should choose Bonanza because of its transparent policy and ultra-modern features through which any trader can enhance their assets easily.
Bonanza Demat Account:
Demat account is just like a bank account as bank account hold your cash while demat account hold your shares & securities. Demat account is used to hold securities in dematerialized form though which you can trade and invest in national exchanges. Bonanza is the depositary participant of NSDL & CDSL and offers 2-in-1 account services to resident Indians and NRIs. Bonanza provide the facility to open demat account via both online and offline method by following some simple steps.
Online Demat Account on Bonanza:
Bonanza offers you to open online demat account by uploading required documents:
Bonanza is equipped with many unique features such as free demat & trading account opening, brokerage of flat Rs18 per executed order. handsome leverage facility in all segment, online & offline account opening facility method, trading software & tools and more than 1700+ branches are available across India.
NRML refers to when a trader wants to avail the leverage benefits in equity delivery whereas CNC (Cash and Carry) refers to when a trader can buy shares on the behalf of available funds in his/her account.
No, it is very much clear that securities received against investments under Foreign Direct Investment Scheme (FDI), Portfolio Investment Scheme (PIS) and Scheme for investment on non-repatriation basis need to be credited into separate demat account and also investment under PIS can be on repatriation and non-repatriation basis.
NRI/PIO are allowed to open only one account with any designated bank (Preferred bank - Axis bank) in a prescribed format for PIS account. After that, bank can issue a PIS approval letter to the investor.