What Is The Procedure For Selling Shares In An NSDL Demat Account | Motilal Oswal
What Is The Procedure For Selling Shares In An NSDL Demat Account | Motilal Oswal

What Is The Procedure For Selling Shares In An NSDL Demat Account

When you’ve reached a decision to invest in the share market, you’re probably excited but don’t know how to go about it. If you open an online Demat account, the process of trading is a very easy one. Additionally, as all financial procedures are online these days, opening an NSDL Demat account and trading account attached, you can store your shares and buy and sell with the mere click of a button. 

  • The First Step

While you may want to start your journey of buying and selling shares, the first thing you must do is to open a Demat account. You have to do this so that the shares you buy are stored in a dematerialized (not physical) form in a Demat account. Banks and finance companies act as brokers to open an online Demat account. If you have a bank account, it's likely that your bank will have a Demat section and you can easily open a Demat account there. This will be tied to your bank account so that the buying of shares is facilitated efficiently. With an online Demat account, such as that offered by Motilal Oswal, you can easily start trading on the share market. Here are steps to open it:

  1. Open a Demat account at your bank branch or you can do it online at the finance institution’s portal.
  2. You have to fill out an application form.
  3. Upload your PAN and Aadhaar Cards as well as Form 16.
  4. You can link your desired bank account to the Demat account to use funds to buy shares and where funds go when you sell shares.
  5. Once you link your bank account and your information is verified, your account is all set to store shares.
  • What is the Procedure for Buying and Selling Shares

Once you have a Demat account, you have access to your trading platform from where you can buy and sell shares. Here are steps to go through when you want to trade:

  1. Get familiar with your trading platform’s interface. 
  2. You have to know what different aspects of the trading platform are, like cover orders, bracket orders, market orders, etc.
  3. You should also know the brokerage charges before you buy and sell shares.
  4. To buy or sell a share on the platform all you need to do is to place an order to buy or sell on the platform. 

Final Remarks

You can open a Demat account and a trading account to buy and sell shares on a portal like Motilal Oswal. It's very important that you get to know how the trading platform works. After that, you just have to click on the buy or sell button to start trading. 

Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account

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