How to buy stocks in India?

How to buy stocks in India?

Let's get straight into it. You've saved up a few thousand bucks (great job BTW) and are itching to get into the stonk-waters and test it out yourself. We get it.

So we put up the easiest freaking guide here to help you get started.

To buy stocks you will basically need a few things:

  • a broker - these are basically middle men allowed by the government to help people like you buy stocks.
  • a demat account - this is basically fancy speak for an account (just like your savings account) that is capable of holding your "stocks" safely. Your holdings will be regulated, safe, and under the watch of the government.

That's the most basic 2 things you'll need to get yourself started. Any typical broker (think Zerodha, Angel, Upstox, Groww) will help you get started with both type of accounts when you download their app or sign up for an account.

Fyi, these guys are also called discount brokers – because they are FREE or charge very low fees. In the past, the industry used to be full of schemers, but that's a discussion for another day. Moving on...

You'll need these basic documents handy:

  • PAN card - can't buy no stocks if you don't have one. Getting one is a simple process.
  • Aadhaar – keep that number and the freaking phone where it sends OTPs handy. Thank us later.

Anyway, once you download any of the brokers mentioned above, and start filling out their forms, you'll be asked for a bunch of "yes-confirms" and other forms.

Also, every broker probably charges like 100 rupees or something in that range to open your account. That's basically a fee to say you're serious about things. It shouldn't take you more than 15 minutes to wrap the process up end to end.

Finally, you'll be asked to link a bank account, digitally, to close things out. Needless to say, whenever you want to buy a stock, the broker will auto-deduct money from your bank account just to make sure you've got the dough.

That's it. Once the account is ready, you can start looking up whichever company you want to invest in and buy a stock.

Do remember though – Indian stock markets are open from 9am to 3.30pm, 5 days a week. So don't panic if you can't see a trade going through at 3am in the morning, when the odds are you're reading this blog.

Good look amigo 🍻

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