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Ever wondered what a demat account is? How to choose the best demat account for you?For you to become financially independent, you need to start building on your financial assets; these may be anything from equity, mutual funds, bonds, IPO debentures, gold etc. You have to remain invested in a particular financial asset(s) for an extensive period. However, to achieve this, adequate financial planning is required. You need to endure a bit of risk as well as secure yourself to generate the maximum yield from your investment. For investing in the Indian stock market, you need to have a demat account.You should not settle for mediocrity for your demat account. But, choose the best option, which requires some homework and precision planning. To open a demat account, you have to select a depository that would be best suited for you to trade in the share exchanges. Consequently, you have to choose the best Demat account for trading to begin your journey in investing shares.A demat account is opened to buy or sell shares. As per SEBI – Securities and Exchange Board of India, every individual who intends to invest via purchase or sale of shares either electronically or by way of physical share certificates through the stock exchanges are required to set up a demat account. You cannot trade in shares if you do not have a legitimate demat account.There are many banks and financial institutions which provide the facility to the investor to open a bank account. There are even private brokers who offer assistance to new investors. However, one has to choose the best for their investment purpose.Below are a few things to consider on choosing the best demat account in India:Simple Account opening:The first step should be the simplest, that is the account opening formality should be extremely simple for you - the investor.SEBI has directed a detailed process of opening a demat account which the DP – Deposit Participant(s) must follow. Furthermore, DPs can further simplify this process to a great extent.For instance, the best demat account that is convenient for the investor can be opened through the e-KYC process, wherein the entire process of account opening is validated using the investor’s Aadhar data. This e-KYC process is carried out only online, and the investor needs only to do a final self- identification either through an in-person verification that is physical verification or through a video camera. However, a trade must be carried out in less than two days of account opening. Whereas, if an account has been opened through the physical format that is filling in a form and going in person, the trade must be conducted in less than five days.Furthermore, SEBI has mandated every DP to provide investors with the Basic Services Demat Account (BSDA), which promises to provide limited services at reduced costs to retail investors. It gives an option of an online Demat account facility. These accounts are also known as no-frills or basic demat accounts. Moreover, SEBI states that every DP will make basic trading accounts available with limited and essential services at reduced costs.The Basic Services Demat account makes for one of the best online demat account options for the inexperienced investor. The charges for the BSDA account shall be highlighted in the following point.Economical Demat Account Charges:Another pointer to consider is the price point of the DP and account charges.Opening a demat account has a cost, even if it means that no transactions are carried out throughout the year and your account is idle. Today, banks, financial institutions, depository participants, brokers, etc., most of the time, do not charge any fees for opening a demat account. However, when you calculate the cost of the demat account, you need to consider all the charges.Let’s look at all the charges levied to consider for choosing an ideal demat account:There is an annual maintenance charge -AMC that is billed to the investors account year on yearA fee is charged each time there is a debit from your demat accountCharges are applied if you request for a physical copy of your demat holding or physical transaction copyIf your Debit instruction Slip – DIS or Demat Request form – DRF is rejected your demat account incurs a costIf you hold shares in physical format, particular DPs charge to convert the share certificates from physical form to an electronic oneIf you opt for a BSDA account, the AMC structure is straightforward and provided via a slab basis. If your account value is up to INR 50,000, then there will be a NIL amount levied for AMC. However, for a value holding from INR 50,001 to INR 2,00,000, the AMC fee will be up to INR 100. This seems to be the most accurate fee structure to consider choosing the best demat accountHowever, some DPs also provide zero AMC demat accounts, wherein they waiver the AMC charges. Moreover, they either offer a limited time no AMC demat account, for instance, providing you with no AMC charges for the first year or a lifetime offer of no AMC demat account charges.These are a few points to consider regarding the charges when choosing or opting for the best demat account in India.The seamless interface between Banking and Broking:A very crucial aspect for choosing the best demat account for you should be a seamless process between your bank account and your broking account. This means that, when investing and trading in equities on a day to day basis, there is a shift towards the digital platform by investors for the ease of using the internet and trading apps to complete the trades. This requires a proper linkage of your bank account and your demat andTrading account.2 options are available, 2-in-1 accounts or 3-in-1 accounts. The 3-in-1 account links your bank account, your demat account and your trading account. This is mainly offered by those brokers who have group banking licenses; majority banking institutions provide the 3-in-1 account.How does a 3-in-1 account work? (i) The investor transfers a particular amount from the savings bank to the trading account; (ii) the trading account, that has its unique Id carries out the trade that is buying and selling of securities; (iii) the purchase of share credit is reflected in your demat account. The demat account is utilised as a bank wherein the shares bought are deposited, and the shared sold are withdrawn.Majority of the time, private DPs or financial institutions which provide the facility to the investors for a demat account as well as a trading account, offer a 2-in-1 account. This account extends a seamless system to transfer money and a link between the trading and demat account, which works most of the time.To summarise this tip, as long as the customer is provided with a seamless interface between the bank account, the trading account and demat account for an economical and straightforward transfer of money and service, the purpose is adequately fulfilled.In-depth Data Analytics:A vital factor to keep in mind is the availability of data. Today Depository Participants (DPs), financial institutions, banks, etc., are out-spreading their services beyond the plain vanilla account statements.These days DPs provide a host of online data analytics like real-time valuation, direct call to action requests for trading clients, analytics on demat inflow and outflow, timely alerts, dominant market players, industry concentration, thematic concentration, consolidated portfolio outputs among other things.In the current day and age, financial analysis is no longer only limited to examining share prices and share behaviour. These analyses are integrated with external factors which play a vital role in the performance of a share such as social and economic trends within the economy, the political environment and volatility, consumer behaviour, preferences etc. All this put together have the probability of affecting the company, industry which indirectly affects the share price.Hence, value additions such as data analytics, provide a great advantage for the decision making of the investor in choosing the best demat account available.Hygiene factors are essential to consider are:How efficiently does your DP carry out the transaction?Does he provide you with the best possible share price and assist you in tracking the market?How quickly does your DP manage the dematerialisation of physical shares?Are the demat debit and credits processed on time?What is the overall view about the quality of services provided by the DP?Are there any service-related complaints of the DP pending with either SEBI, NSDL or CDSL?Is there is any negative news about the DP and his company?These questions determine whether the DP is committed to offering high service standards.These are the main features or tips to consider when choosing the best demat account in India:The most secure way to trade is through the assistance of versatile Depository Participants.The demat account registered with the DP should provide an efficient and quick service.Online platforms which are aplenty today are your one-stop destination for all trading and investment requirements on the go.Real-Time updates and tracking on mobile apps through online trading and demat account are very much in demand.Research reports and recommendations provided by the DP is a value-added service for the investor to assist him through his investment journey.There is a plethora of companies, banks, financial institutions, Broking companies that offer all the above services or are limited to a few. It is best to keep in mind all the tips when considering to choose the best demat account, which is the best fit for you.ThanksHope You like the Answer. Request you to please upvote and Share my Answer.If you want to open a Demat Account, Please use the link above-in my profile. If you open the Accounts through the links you won’t pay a Penny More, but we will get a Small commission, which helps keep the lights on.

This diagram explains the step-by-step process of how one can setup and administer truly self-directed Roth Solo 401k plan.First, you need to have legitimate self-employment activity or business in place. The business will act as the sponsor of the plan.Second, the plan sponsor will “adopt” a Qualified Plan (Solo 401k). You will use services of a company like us to draft IRS-approved plan documents, assist with funding and the administration of it.As part of the plan a Solo 401k Trust is created. The trust is the vehicle used to hold assets of the plan. It will have it’s own tax ID number (EIN) and unique name.Account holder (you) are typically designated as the plan trustee (you don’t need a TPA), which gives you total control over your plan assets. There is no ‘middle man’.As the trustee of the plan you go to any financial institution of your choice (a bank, credit union, brokerage firm such as Schwab of Fidelity) and open non-custodial account for a trust.You request a direct rollover from your Traditional IRA or former employer 401k using Rollover form we provide and in few days receive a check payable to (for example) ABC Solo 401k Plan FBO John Doe.You deposit this check into newly established bank account for the Solo 401k Trust.Now that your plan is funded you can make investments as simple as writing a check. You take the title to investments (real estate, trust deeds, etc.) in the name of the trust and as trustee sign all the documents. No custodian or any third party is involved, you are in total control. All of the income from the investments owned by your 401k will be going back to the account and all of the expenses directly related to the investments of the 401k paid by you from the account by using a checkbook or debit card.

1. Pradhan mantri Jan Dhan Yojana (World’s largest Financial Inclusion programme)'Pradhan Mantri Jan-Dhan Yojana' was announced by Prime Minister Narendra Modi in his Independence Day address on 15 August, 2014. This is a National Mission on Financial Inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households in the country. The plan envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension facility. In addition, the beneficiaries would get RuPay Debit card having inbuilt accident insurance cover of 1 lakh.For more Info: Pradhan Mantri Jan-Dhan Yojana2. Pandit Deen Dayal Upadhyaya Shramev Jayate KaryakramPandit Deendayal Upadhyay Shramev Jayate Karyakram was launched by Prime Minster Narendra Modi on 16 Oct 2014. The Karyakram is Looking to create an environment conducive to industrial development while also ensuring transparency in the labour sector.A dedicated Shram Suvidha Portal: That would allot Labour Identification Number (LIN) to nearly 6 lakhs units and allow them to file online compliance for 16 out of 44 labour lawsAn all-new Random Inspection Scheme: Utilizing technology to eliminate human discretion in selection of units for Inspection, and uploading of Inspection Reports within 72 hours of inspection mandatoryUniversal Account Number: Enables 4.17 crore employees to have their Provident Fund account portable, hassle-free and universally accessibleApprentice Protsahan Yojana: Will support manufacturing units mainly and other establishments by reimbursing 50% of the stipend paid to apprentices during first two years of their trainingRevamped Rashtriya Swasthya Bima Yojana: Introducing a Smart Card for the workers in the unorganized sector seeded with details of two more social security schemes3. Deen Dayal Upadhyaya Antyodaya YojanaDeen Dayal Upadhyaya Antyodaya Yojana or DAY is a Government scheme for the uplift of urban and rural poor through enhancement of livelihood opportunities through skill development and other means. Government of India has provisioned Rs 500 crore for the scheme.4. Mission Housing for allThis is one of the major scheme of government’s urban development and housing initiatives, Which focused at social inclusion so as to benefit all sections of urban residents including slum dwellers. The program proposes to build 2 crore houses across the Nation by 2022.For more Info : Ministry of Housing and Urban Poverty Alleviation5. Micro Units Development and Refinance Agency Bank (MUDRA Bank)MUDRA Bank was launched by Prime Minister Narendra Modi on 8 April 2015. It is a public sector financial institution in India. It provides loans at low rates to microfinance institutions and non-banking financial institutions which then provide credit to MSME's. MUDRA will have an initial corpus of Rs 20,000 crore and a credit guarantee corpus of Rs 3,000 croreFor more info : Micro Units Development & Refinance Agency Ltd.6. My Gov Online PlatformMyGov is a citizen engagement platform founded by the Government of India to promote the active participation of Indian citizens in their country's governance and development. It is also aimed at creating a common platform for Indian citizens to "crowd source governance ideas from citizens". The users shall be allowed to discuss and to contribute on various government projects and plans. 7. Digital IndiaDigital India is an initiative of Government of India to integrate the government departments and the people of India. It aims at ensuring the government services are made available to citizens electronically by reducing paperwork. The initiative also includes plan to connect rural areas with high-speed internet networks. Digital India has three core components. These include the creation of digital infrastructure, delivering services digitally and digital literacy. The project is slated for completion by 2019.8. Make In IndiaMake in India is an initiative of the Government of India, to encourage companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014.Make in India initiative has been on main agenda in various foreign visits of Prime Minister Narendra Modi. PM Modi sees Make in India as a vital impetus for employment & growth.9. Deen Dayal Upadhyaya Grameen Kaushal YojanaThe Government of India has set an ambitious target for providing skill training to 500 million of its youth by 2022. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), the skill training and placement program of the Ministry of Rural Development (MoRD), focused on the rural poor youth and its emphasis on sustainable employment through the prominence and incentives given to post-placement tracking, retention and career progression. 10. National Policy for Skill Development and EntrepreneurshipThe objective of the National Policy on Skill Development and Entrepreneurship, 2015 will be to meet the challenge of skilling at scale with speed and standard (quality). It will aim to provide an umbrella framework to all skilling activities being carried out within the country, to align them to common standards and link the skilling with demand centers.11. National Sports Talent Search SchemeThe government is launching a National Talent Search Scheme to scout for sports talent in various schools and institutions across the country. The government is planning to implement the Scheme from next financial year by setting up National Sports Academies and start Sports Science courses in select universities and medical colleges across the nation.12. Padhe Bharat Badhe BharatPadhe Bharat Badhe Bharat is a nationwide sub-programme of Sarva Shiksha Abhiyan, which focuses on early reading, writing and comprehension and early grade mathematics. During 2014-15, ₹2,352.57 crore has been allocated to States/UTs for improvement of quality programmes. The programme was pioneered by Atal Bihari Vajpayee. 13. Pandit Madan Mohan Malviya National Mission on Teachers and Teacher TrainingGovernment of India launches the Scheme; Pandit Madan Mohan Malviya National Mission on Teachers & Teaching with an outlay of Rs. 900 crores during XII Plan. The Mission would address, on the one hand, current and urgent issues such as supply of qualified teachers, attracting talent into teaching profession and raising the quality of teaching in schools and colleges.14. Rashtriya Avishkar AbhiyanThe Rashtriya Aavishkar Abhiyan (RAA) envisages to motivate and engage children of the age group from 6-18 years in Science, Mathematics and Technology through observation, experimentation, inference drawing, model building, etc. both through inside and outside classroom activities and processes.15. Deen Dayal Upadhyaya Gram Jyoti YojanaDeen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) is a Central Government’s scheme aimed to provide continuous power supply to rural India. It is one of the key initiatives of Modi Government and it aims to supply 24x7 uninterrupted power supply to all homes. The government plans to invest Rs 75,600 crore for rural electrification under this scheme. The scheme will replace the existing Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY).16. Soil Health Card SchemeThe Government is focusing attention on the health of soil in agricultural areas across the country, to boost productivity and bring about increased prosperity. The experts will analyze the strength and weaknesses (micro-nutrients deficiency) of the soil based on the soil sample test and will suggest measures to deal with it. The result and suggestion will be displayed in the cards. The Government plans to issue 14 crore Soil Health Cards to the farmers over the next 3 years.17. Pradhan Mantri Krishi Sinchai YojanaPradhan Mantri Krishi Sinchai Yojana is aimed at ensuring access to water to every farm (“Har Khet Ko Pani”) round the year and improving water use efficiency (“Per Drop More Crop”). A comprehensive mapping and identification of water bodies across the country is one of the main focus area of the plan.18. Jan Suraksha Schemes (PMJJBY, PMBSY, APY)The budget 2015-16, had proposed, three Social Security Schemes, Pradhan Mantri Suraksha BimaYojna, Atal PensionYojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. These three social security schemes, on Jan Dhan platform, was to protect an Indian citizen against illness, accidents, or penury in old age. This path breaking initiative towards providing affordable universal access to essential social security protection in a convenient manner, linked to auto-debit facility from the bank account of the subscriber was launched by the Prime Minister on 9th May, 2015.19. Rashtriya Gokul MissionRashtriya Gokul Mission Aims to Conserve and Develop Indigenous cattle Breeds through professional farm management and superior nutrition. The Rashtriya Gokul Mission is a focused project under National Programme for Bovine Breeding and Dairy Development, with an outlay of Rs 500 crore during the 12th Five Year Plan.20. Beti Bachao, Beti Padhao AbhiyaanTo end female feticide and discrimination against girl child Prime Minister Narendra Modi launched Beti Bachao, Beti Padhao Abhiyan on 22 Jan at Panipat, Hariyana. With an initial corpus of Rs 100 crore, the scheme has been launched in 100 districts across the country.21. Sukanya Samriddhi AccountSukanya Samriddhi Account is a special deposit account under the Sukanya Samriddhi Yojana (Girl child prosperity scheme) launched by the Prime Minister of India on 22 January 2015, with the stated aim of improving the welfare of female children in India. For more info on account facilities : National Savings Certificates (NSC)22. Himmat AppMobile App “Himmat” application downloaded in the smart phone helps women to raise SOS alert in case of any emergency and the same gets reported along with victim/ caller location in real time on the computer consoles placed in the Central Police Control Room, Delhi. The App aims to instill confidence in women, to help women in distress and to ensure their safety in Delhi.23. PAHAL-Direct Benefits Transfer for LPG (DBTL)Consumers Scheme PAHAL has become one of the largest cash transfer schemes of the world. This program aims to transfer subsidies directly to the people through their bank accounts. The Direct Benefit transfer of LPG (DBTL) scheme PAHAL (Pratyaksh Hanstantrit Labh) was re-launched on 15.11.2014 and implemented in two phases. The scheme will cover over 15.3 crore consumers across 676 districts of the country.24. Swachh Bharat MissionSwachh Bharat Abhiyan is a national campaign of Indian Government, covering 4041 statutory towns, to clean the streets, roads and infrastructure of the country. This campaign was officially launched on 2 October 2014 at Rajghat, New Delhi , where Prime Minister Narendra Modi himself cleaned the road. It is India's biggest ever cleanliness drive and 3 million government employees and school and college students of India have participated in this event. 25. Gold Monetisation SchemeIn the Union Budget Speech of 2015-16, an announcement was made and it was proposed to introduce a Gold Monetization Scheme, which will replace both the present Gold Deposit and Gold Metal Loan Schemes. The new scheme will allow the depositors of gold to earn interest in their metal accounts and the jewelers to obtain loans in their metal account. The stock of gold in India that is held by people of the country that is 'neither traded nor monetised' is estimated to be over 20,000 tonnes, which would be worth about Rs 60 lakh crore at the current market price. The draft gold monetisation scheme that has been launched on May 19, 2015, also provides for incentives to the banks, while individuals and institutions can deposit as low as 30 gms of gold, while the interest earned on it would be exempt from income tax as well as capital gains tax.26. Pradhan Mantri Suraksha Bima YojanaThe scheme provides accidental insurance of Rs.2 lakhs at just Re.1 per month (Rs.12 per annum) for the people in the age group of 18-70 years. The premium will be directly auto-debited by the bank from the subscriber's account. It is the only mode of paying the premium and thus creates a linkage between the beneficiary and the bank. A person has to opt for the scheme every year by submitting a simple form to the bank by 1st June. One can also opt for the scheme on a long term basis and in that case his account will be auto-debited every year by the bank. People between the age of 18 and 70 years, having an Aadhar linked bank account, are eligible for the scheme.27. Pradhan Mantri Jeevan Jyoti Bima YojanaIt provides life insurance worth Rs.2 lakhs at 90 paise per day in event of death due to any reason (amounts to Rs.330 per annum) for the people in the age group of 18-50 years. The premium will be directly auto- debited by the bank from the subscriber's account. A person can opt for the scheme for a year or prefer to continue it as a long term option. In case of long term option, his account will be auto- debited every year by the bank.28. Atal Pension YojanaUnder the scheme, a pension of Rs.1,000 to Rs.5000 will be provided to people over 60 years of age .The focus is on all those not covered under any other social security rogram. Government will contribute 50% of the total contribution for five years, up to a maximum of Rs.1000 per annum. The scheme meant to persuade workers in unorganised sector, who form 88% of total workforce, to save voluntarily for the retirement. It is the improved version of Swavalamban scheme, launched in 2010-11, which has been found lacking in clarity with regard to pension benefits at the age after 60.29. Smart City ProgrammeThe Prime Minister’s vision of developing ‘one hundred Smart Cities’ equipped with the latest technology has begun to take shape with the Ministry of Urban Development. The Government has decided on developing 100 “Smart Cities” in the country to promote Wealthier, Healthier and Happier cities for better urban life. As well as existing cities that are to be remodeled on these lines.30. The National Urban Development MissionThe mission would aim at providing shelters equipped with essential services to the urban homeless in a phased manner. In addition, the mission would also address livelihood concerns of the urban street vendors by facilitating access to suitable spaces, institutional credit, social security and skills to the urban street vendors for accessing emerging market opportunities.31. Pragati PlatformPRAGATI is a unique integrating and interactive platform uniquely bundles three latest technologies: Digital data management, video-conferencing and geo-spatial technology. The platform is aimed at addressing common man’s grievances, and simultaneously monitoring and reviewing important programmes and projects of the Government of India as well as projects flagged by State Governments.32. Sagar Mala projectSagar Mala project is a strategic and customer-oriented initiative of the Government of India to modernize India's Ports so that port-led development can be augmented and coastlines can be developed to contribute in India's growth. It looks towards "transforming the existing Ports into modern world class Ports and integrate the development of the Ports, the Industrial clusters and hinterland and efficient evacuation systems through road, rail, inland and coastal waterways resulting in Ports becoming the drivers of economic activity in coastal areas.33. Heritage City Development and Augmentation YojanaNational Heritage City Development and Augmentation Yojana (HRIDAY) was launched on 21 January 2015. The Scheme shall support development of core heritage infrastructure projects including revitalization of linked urban infrastructure for heritage assets such as monuments, Ghats, temples etc. along with reviving certain intangible assets. These initiatives shall include development of sanitation facilities, roads, public transportation & parking, citizen services, information kiosks etc.With a duration of 27 months (completing in March 2017) and a total outlay of INR 500 Crores, the Scheme is set to be implemented in 12 identified Cities namely, Ajmer, Amaravati,(Andhra Pradesh), Amritsar, Badami, Dwarka, Gaya, Kanchipuram,Mathura, Puri, Varanasi, Velankanni and Warangal.34. Kishore Vaigyanik Protsahan YojanaKishore Vaigyanik Protsahan Yojana (KVPY) is a scholarship program funded by the Department of Science and Technology of the Government of India, aimed at encouraging students to take up research careers in the areas of basic sciences, engineering and medicine. It offers scholarship and contingency grants up to the pre-Ph.D. level to selected students. Started in 1999, it is administered by the Indian Institute of Science.The Kishore Vaigyanik Protsahan Yojana (KVPY) is an on-going National Program of Fellowships in Basic Sciences, initiated and funded by the Department of Science and Technology, Government of India, to attract exceptionally talented and highly motivated students for pursuing basic science courses and research career in science.35. UDAY- Ujwal Discom Assurance Yojna- empowers the utilities to break even in next 2-3 years through four initiatives - improving operational efficiencies of discoms, reduction of cost of power, reduction in interest cost of discoms and enforcing financial discipline on discoms through alignment with state finances.36. Project Mausam- Maritime Routes and Cultural Landscapes Across the Indian Ocean- focuses on the natural wind phenomenon, especially monsoon winds used by Indian sailors in ancient times for maritime trade, that has shaped interactions between countries and communities connected by the Indian Ocean.37. Sansad Adarsh Gram Yojana SAANJHIOur PM has requested all Members of Parliament (MP) to develop one model village in their constituency by year 2016 and two more by 2019. Department of Rural Development has formulated guidelines of the scheme. Hon'ble Prime Minister has released the guidelines on 11'th Oct 2014 at Vigyan Bhawan, New Delhi.38. DELP : DOMESTIC EFFICIENT LIGHTING PROGRAMMECurrently government is distributing LED bulbs to save electricity. They are distributing LED bulbs at a discounted rate of 90-95 Rs (Market rate : 350-450) and subsidized amount is added to the electricity bill for next 3-4 months.(Rs 90 per month) You can view the distribution and how much electricity is getting saved daily on this dashboard. National DELP Dashboard | EESL