How to open a demat account

hi
its long since my previous post..
ok
lets look at how to open a demat account
there are share brokers who can be government approved or private
any kind of these brokers will be able to open the demat account for u .
like opening some other bank account, u will need some minimum amount of shares in ur account ... also as we have discussed before .. u will need to pay to maintain such demat accounts ..

if u buy new shares they will be credited to ur account like bank deposits .. and if u sell shares they will be debited similar to ur withdrawal from a bank

more likely to bank, they provide u a slips for both selling and buying of shares namely ... Credit advice and Debit advice
it functions like a cheque with which u can use ur shares in the account to sell or buy shares from others

the account will provide u a unique id !! lets say .. a customer id
it distinguishes ur account from the rest of others
the advantage of demat account is that it causes dematerialisation of ur shares .. ie.. u need not carry ur shares in the form of papers
in olden days before demat account was available people had to buy shares in bulk say in forms of 50 s and 100 s ...
but now .. even a single share of some company can be bought with the demat account
so .. if u plan a way of subsidiary income u need to start a demat account
approach some share brokers and u can get the account opened for u !!!
good luck