What is a real money trading account and how to open it?

1 month ago

A fintech startup’s challenges with India’s vaunted account aggregator framework

Three years after India unveiled the account aggregator, or AA, framework to facilitate consented sharing of consumers’ financial information, multiple gaps still plague the system that was rolled out as an overarching network connecting various regulators and market players. The account aggregator framework is meant to give individuals greater visibility and control over all their financial data in one place. …

India Financial Data Information System Account Fold

1 month, 2 weeks ago

Vostro accounts to get a feature upgrade

Live Mint

The Reserve Bank of India may permit the use of rupee vostro accounts for a wider variety of transactions, two people aware of the plans said, a move that promises to enhance the utility of these accounts and advances the use of the rupee in cross-border trade. Additionally, the RBI aims to enable bank lending to PROIs and facilitate foreign …

Trade Russia International Trade Indian Bank Currency Russian

6 months, 2 weeks ago

How to Open a Demat Account & Trading Account Online with BlinkX

Hindustan Times

Opening a Demat and Trading account is a vital first step for anyone looking to invest in the stock market. Step-by-Step Guide for Demat and Trading Account Opening Here’s a step-by-step guide to open Demat account with BlinkX: Step 1: Mobile & Email Verification Step 2: Enter PAN & Choose Plan. Step 3: Submit Bank Account & Documents via Digilocker …

Trading Hindustan Times Account Accounts Demat Account Demat Accounts Blinkx

6 months, 3 weeks ago

Demat vs Trading Account: What is the difference and how do they work?

Live Mint

You may have heard about demat accounts, which is a must for owning shares and other securities such as exchange traded funds. But you will do well to remember that you have to open a trading account alongside a demat account to be able to seamlessly buy and sell shares on the stock markets as well as transact in other …

Securities Account Shares Accounts Demat Vs Trading Vs Trading Your Demat Account

10 months, 1 week ago

New way to cheat investors - Fake forex and stock trading apps

The Hindu

Beware of the forex and stock trading mobile applications you download and invest in. As awareness is slowly catching up about fake investment scams that promise huge returns and the FedEx courier scam, cyber fraudsters have innovated and have now floated several fake forex and stock trading apps to cheat gullible investors. “There have been a bunch of cases reported …

Money Trading Chetan Forex His Investment Fake Investment

1 year ago

Demat Account Meaning

ABP News

A Demat account is like a secure digital storage space for your stocks. The DP ID comprises the initial eight digits of the account number, playing a crucial role in various transactions such as converting physical shares to Demat, transferring shares between Demat accounts, or moving funds from a Demat account to a bank account. Standard Demat Account Designed for …

Indian Trading Account Shares Accounts Electronic This Account

1 year, 5 months ago

De-dollarization: Bangladeshi banks to offer trade transactions in Indian rupees as reserves fall

Firstpost

India is Bangladesh’s second-largest source of imports after China, with Dhaka’s exports to India standing at $2 billion in the year to June 2022 while Bangladesh’s imports from India were$13.69 billion. Two Bangladeshi banks plan to launch trade transactions denominated in Indian rupees as the South Asian country seeks to increase its forex reserves and lessen its dependency on dollars. …

Bangladesh Bank Indian Rupees Trade Transactions

1 year, 8 months ago

Several countries willing to settle trade in Indian Rupee as it cuts transaction cost: Commerce Min Piyush Goyal

Firstpost

Till now, 18 countries have opened Special Vostro Rupee Accounts to settle trade in INR New Delhi: Several countries are in talks with India’s central bank, RBI, to facilitate overseas trade in Indian rupee as it helps cut transaction cost, said Commerce and Industry Minister Piyush Goyal. So far, 18 countries have opened Special Vostro Rupee Accounts to settle trade …

India Trade Commerce Indian Indian Rupee Countries Rbi

1 year, 8 months ago

Rupee trade arrangement to help cut transaction cost: Piyush Goyal

The Hindu

International trade in the domestic currency will help reduce transaction cost for the industry and several countries are in discussion with the RBI on this, Commerce and Industry Minister Piyush Goyal said on Thursday. They want banks in India to connect with their foreign counterparts for opening special rupee vostro accounts to facilitate cross-border trade in the Indian currency rather …

India Trade Russia Indian Bank Rbi Goyal

1 year, 9 months ago

RBI has allowed banks from 18 countries to trade in rupee: government in Rajya Sabha

The Hindu

March 14, 2023 09:36 pm | Updated March 15, 2023 09:14 am IST - NEW DELHI Banks from 18 countries have been permitted by the Reserve Bank of India to open Special Vostro Rupee Accounts for settling payments in Indian rupees, the government told the Rajya Sabha on Tuesday. In response to a question from BJP’s Sushil Kumar Modi, Union …

India Trade Russia Rajya Sabha Rbi Banks Inr

1 year, 9 months ago

ICICI Bank Brings '3-in-1' Service; Open Trading, Demat And Savings Account In One Go

News 18

ICICI Bank on March 03 announced the launch of an array of digital solutions for participants of the capital market and clients of custody services. The newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings accounts in a few hours from anywhere across the country, the bank said in a statement. …

Bank Icici Bank Account Savings Account Stock Brokers

1 year, 10 months ago

Explained | Vostro accounts and how they facilitate trade

The Hindu

The story so far: Last week, government officials informed that 20 Russian banks, including Rosbank, Tinkoff Bank, Centro Credit Bank and Credit Bank of Moscow have opened Special Rupee Vostro Accounts with partner banks in India. It helps domestic banks gain wider access to foreign financial markets and serve international clients without having to be physically present abroad. The authorised …

Domestic Country Foreign Partner Inr Currencies Banks Bank

2 years ago

Sri Lanka, Russia to use Indian rupee for international trade, more countries in talks

Firstpost

Sri Lankan banks have reportedly opened special rupee trading account called - Special Vostro rupee accounts, or SVRA - for trading in INR New Delhi: Sri Lanka has agreed to use Indian rupee for international trade. It comes days after the Government of India said it is looking at ways to bring countries that are particularly short of dollars into …

International Trade Sri Lanka International Trade Indian Settlement Indian Rupee

2 years ago

India rupee settlement mechanism draws interest from more nations

The Hindu

India's rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting interest from more countries. The four countries have shown interest in opening special rupee accounts, called vostro accounts, but partner banks in India have not yet provided those facilities, documents showed. Talks with Gulf nations India continues to …

Trade Indian Bank Saudi Arabia Rbi Rupee Nations India

2 years ago

Indian rupee goes global, the likes of Cuba, Sudan want to follow suit

Firstpost

The Reserve Bank of India announced the setting up of a mechanism to carry out international trade in Indian rupees. The Indian government is looking at ways to bring countries that are particularly short of dollars into the ambit of the mechanism India’s rupee trade settlement has attracted other nations to adopt a similar mechanism. The Indian rupee trade settlement …

India Trade Indian Indian Rupee Mechanism Rbi Rupee

2 years ago

Can You Use Digital Rupee Without A Bank Account? Know How Digital Rupee Wallet Works

News 18

India’s central bank digital currency, or digital rupee, has seen the light of the day and is currently in its trial mode to test the robustness of the entire process of its creation, distribution and retail usage in real-time. Now, as the digital rupee is a fungible legal tender issued by the RBI, do users need bank account to use …

Currency Banks Rupee Account Wallet Bank Account Cbdc

2 years ago

All you need to know about e-Rupee

Deccan Chronicle

HYDERABAD: The Reserve Bank of India has launched India’s e-rupee on Thursday, as a pilot covering four cities New Delhi, Mumbai, Bengaluru and Bhubaneswar and will subsequently expand it to nine more cities in the initial phase. Four banks – State Bank of India, Yes Bank, ICICI Bank and IDFC First Bank – will be involved initially in the launch …

Bank Digital Person

2 years, 1 month ago

Nine special vostro accounts opened for trade in rupee after RBI approval

The Hindu

As many as nine special vostro accounts have been opened with two Indian banks after permission from the Reserve Bank of India to facilitate overseas trade in rupee, a top government official said on Tuesday. The move to open the special vostro account clears the deck for settlement of payments in rupee for trade between India and Russia, enabling cross-border …

India Russia Indian Bank Russian Rbi Uco Bank

2 years, 2 months ago

What is the difference between a demat and a trading account?

Business Standard

Trading account A trading account is used to purchase and sell shares and other securities. The shares that investors buy using their trading account are stored in the demat account. Demat account In a demat account, investors can store their shares, bonds, government securities and mutual funds in electronic form in one place, reducing the risk of theft or damage. …

Trade Trading Investors Account Shares Trading Account Demat

2 years, 5 months ago

RBI deals a blow against dollar dominance

Live Mint

The immediate impact of the Reserve Bank of India’s decision to permit settlement of international trade payments in rupees might be to facilitate ongoing trade with Russia and open a window for Sri Lanka to import desperately needed fuel, food and medicines from India on the strength of a rupee line of credit that India could offer. One or more …

India China Trade Sri Lanka Payments Indian Bank

2 years, 5 months ago

RBI Announces Measures for International Trade Settlement in Rupees

News 18

Mumbai: The Reserve Bank on Monday asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency. For settlement of trade transactions, the concerned banks will require Special Rupee Vostro Accounts of correspondent bank/s of the partner trading country. “Indian importers …

Indian Bank Inr Vostro This Mechanism

2 years, 5 months ago

RBI announces measures for international trade settlement in rupees

India TV News

The Reserve Bank on Monday asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of the increasing interest of the global trading community in the domestic currency. Apex exporters' body Federation of Indian Export Organisations said as per existing FEMA provisions, the final settlement has to be in free foreign exchange …

Indian Settlement Bank Rbi Rupee Inr Vostro

2 years, 6 months ago

What is a demat account and who needs to open it?

Live Mint

A growing number of people have started trading to earn some extra money, or to create an alternative stream of income. However, one must be aware that opening a demat account is the first step before foraying into the stock market. In India, demat account services are primarily provided by two depository bodies known as NSDL and CDSL. The next …

Open Account Demat

2 years, 8 months ago

Forex Trading in India: All You Need to Know?

Live Mint

Owing to India's size, scope for innovation, and soundness of the financial sector, the Indian economy has a solid footprint and is home to many international business titans. The Forex market, also known as the Foreign Exchange Market, is a global decentralised marketplace for trading foreign currencies. Convenient access to the Forex Market You may access your foreign currency trading …

India Indian Trading Foreign Investment Currency Japanese Value

2 years, 9 months ago

How different is stock market investing for NRIs?

Live Mint

India has one of the world's fastest expanding economies. In addition, the Reserve Bank of India's PIS plan allows NRIs to purchase shares or convertible debentures from the stock exchange using a bank account at a designated branch. The Portfolio Investment Scheme is a clearance letter from the Reserve Bank of India that allows NRIs to invest in Indian stocks …

Stock Market Market Bank Trading Stock Fema Indian Stocks

2 years, 9 months ago

How different is stock market investing for NRIs?

Live Mint

India has one of the world's fastest expanding economies. In addition, the Reserve Bank of India's PIS plan allows NRIs to purchase shares or convertible debentures from the stock exchange using a bank account at a designated branch. The Portfolio Investment Scheme is a clearance letter from the Reserve Bank of India that allows NRIs to invest in Indian stocks …

Stock Market Market Bank Trading Stock Fema Indian Stocks

3 years ago

How to begin your investment journey in the stock market? We explain

Live Mint

Investing in stocks should only be done after acquiring sufficient knowledge about them. Which is as follows: Pan Card Aadhar card A cancelled check with the active account holder’s name on it A proof of residence based on a list of documents that have been accepted by the broker, depository participant or bank Documents entailing and proving that you earn …

Investing Stock Market Market Trading Stock Share Account

3 years ago

How to open an NRI Demat account in India?

Live Mint

Indians that reside and earn in a foreign country are known as Non-Resident Indians. Having a NRO or NRE bank account is mandatory before opening the NRI demat account. Once your PINS letter is obtained by the bank with which you have your account, you can open both a trading and demat account, following this you are enabled to trade …

India Indian Bank Trading Fema Open Indian Equities

3 years, 1 month ago

Online Money Transfer: IMPS, NEFT, RTGS Transaction Limit, Timings, All you Need to Know

News 18

The Reserve Bank on India or the RBI has recently raised the the limit of the Immediate Payment Service from Rs 2 lakh to Rs 5 lakh per transaction. “Immediate Payment Service offers instant domestic funds transfer facility 24×7 through various channels. Increased IMPS limit will not only increase customer experience but also solve more complex problems like credit and …

India Money Transfer Bank Payment Funds Rbi

3 years, 4 months ago

Here's how to open a Demat account in India; follow these steps

India Today

A Demat account stands for Dematerialisation account. Having a Demat account makes the process of holding shares and securities in an electronic form easier for the investor. Step 2: Visit the official DP’s website and fill in the Demat account opening form. Step 7: After thorough checking of the documents and other complete forms by the DP, the request for …

India Stock Market Documents Open Form Account Investor

3 years, 5 months ago

Want to open a new bank account? Here's a guide

India Today

There are broadly two modes of opening a bank account - online and offline. One can either go to a nearby branch and request to open a new bank account or directly go to a bank's website to start the procedure online. Documents required to open an account: Although the requirements for some documents may vary from bank to bank, …

Bank Online Documents Open Form Account Your Account

3 years, 11 months ago

Five Lifetime Free Demat Accounts, Here's List of Companies Offering This Service

News 18

A demat account is similar to a bank account that is used to hold financial securities electronically. However, some brokerage houses offer lifetime free demat and trading accounts, an interface where one can purchase and sell shares on stock exchanges like BSE and NSE. Here’s a list of companies offering free demat accounts: Prostocks is a Sunlight Broking LLP venture …

Trading Service Mutual Funds Demat Accounts Free Account

4 years, 4 months ago

Paytm Money brings stock market trading at affordable prices: How to use app on Android, iOS

India TV News

Paytm launched its Paytm Money platform back in 2017. With this Paytm Money is not only going against developed players like HDFC Securities, ICICI Direct, Kotak Securities but also will be competing against the likes of Zerodha, Groww, Sharekhan and more. In order to get a Demat Account with Paytm Money, the users will first need to download and install …

Stock Paytm Paytm Money Money App

What is a real money trading account and how to open it?

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