Parasram Account Type

Parasram offers a variety of account types to cater to the diverse needs of its investors. The primary account types include:

• Demat Accounts:
• Basic Services Demat Account (BSDA): This account allows you to hold shares and securities in electronic form, eliminating the need for physical certificates. It is suitable for individual investors looking to manage their investments efficiently.
• Beneficiary Demat Account: This account is designed to hold shares and securities on behalf of a minor or someone unable to manage their own investments.
• Trading Accounts:
• Equity Delivery Trading Account: Enables investors to buy and sell shares in the cash market, with the option to take delivery of purchased shares for long-term holding.
• Intraday Trading Account: Facilitates buying and selling of shares within the same trading day, with no option to hold shares overnight.
• Margin Trading Account: Allows investors to borrow funds from Parasram to purchase shares, requiring the maintenance of a minimum margin balance.
• Commodity Trading Account: Enables trading in commodities such as gold, silver, and crude oil.
• Currency Derivatives Trading Account: Provides access to trading currency derivatives like futures and options.

Parasram Broker Account Opening Process

Opening an account with Parasram involves several straightforward steps:

• Online Application:
• Visit Parasram's official website and navigate to the account opening section. Fill out the online application form with accurate personal and financial information.
• Upload Documents:
• Scan or take clear photographs of the required documents and upload them securely through the online portal. This typically includes proof of identity, proof of address, and any other documents requested for verification.
• Verification Process:
• Parasram will review your application and documents for completeness and accuracy. This verification process may take a few days, and you may be asked to provide additional information if needed.
• E-signature or Physical Signature:
• Depending on Parasram's procedures, you may need to electronically sign the account opening documents or physically sign printed documents and send them to the designated address.
• Account Activation:
• Once your application and documents are verified, Parasram will activate your account. You will receive confirmation along with your account details and login credentials via email or SMS.
• Fund Your Account:
• After account activation, you can deposit funds into your trading account using various methods, including online banking, NEFT, RTGS, cheque deposits, or digital wallets.
• Start Trading:
• With your account funded and activated, you can begin trading through Parasram's platforms, utilizing the tools and resources provided.