Public Provident Fund Scheme is a saving scheme that comes with tax benefits. Ministry of Finance introduced this scheme in the year 1968. The main objective of PPF is to encourage general people to mobilize their small savings. The interest offered on these schemes are not taxable. Precisely, PPF is an investment with non-taxable returns.

To buy and sell stocks in the Indian stock market, you will need a demat and trading account. A stockbroker is necessary to trade stocks because the broker will provide the trading account through which you will place your trades.

Yes, you can open a demat account on your minor son/daughter's name with Upstox. However, after a specific age limit (generally 18), you can link a trading account to the Demat account. If not a trading account, users can open a Demat account and then connect the trading account.

Yes opening a Demat account in India might be free with some brokers but not all. Apart from the opening charges, a Demat account is not completely free. You will have to pay an Annual Maintenance charge or Demat fee, every year.

Yes, NRIs can invest in Indian stock market. It is essential for the individual to check if he is considered as NRI or not according to the norms of the government. If yes, only then he can invest. There are also certain rules and regulations that must be followed.

Paytm has added its name to the stockbroking industry all through its new platforms “Paytm Money.” The platform was rolled out to customers earlier in September 2020 and had since then exploded amongst traders/investors to see the offerings set up by the company.

The bank account can be opened both online and offline. You need to visit the bank branch or bank website and submit the account opening form. After successful verification, your account will be opened on the same day.

Absolutely, you can open two or more demat accounts with one single bank account. You can, later on, add other bank accounts to your demat account as per your requirements.

The process to close a demat and trading account with Angel Broking stock broker is quite simple. Follow few easy steps, submit the account closure form and you will be done with the requirements.

An NRI requires a number of documents to open a Demat account in India. Continue reading to find out the list of documents.