DEMAT ..Get it Now

Bonky’s PDA ringed long enough to wake up everyone else in the room except Bonky.
All his roommates bemoaned about the heavy decibel alarams Bonky used to have in his PDA.Meanwhile there was an incoming call on his mobile.

“Am I speaking to Mr.Honky “, came a very slender and cute voice from the other end.

“Ya Its Honky..May I know whom I am speaking with”

“This is Hrithish from UCUCY Brokerage services, Mr.Bonky has referred you”

“For what!!!”,exclaimed Honky.

“He told us that you were looking to start demat account and hope that we can help you to get one”

“Oh that’s fine .But you need to explain me what a demat account is first”.

“Can I fix an appointment with you sometime so that we could fill in the application “

“Ya Hrithish you can meet me at any time in my office between nine to five” ,and winded up the call.

Back at office Honky thanked Bonky for the referral,meanwhile the security informed Honky that he had some visitor.

“Whats a demat account” was the first question thrown to our visitor.

“Dear Honky Demat stands for dematerialsation and this account dematerializes all the securities you own. You can make transactions as if you do with other banking accounts.The only difference is that instead of money here you will be having shares”

“How much should I pay for it” came the most imperative question.

“Since you have your salary account with us its enough if you can give us a cheque for one rupee”

“One Rupee!!!??”

“Ya that’s the unique offer for corporates from UCUCY”
Bonky was very happy on hearing it and decided to start the account right now since its not going to cost him much without knowing the hidden trap in it.

All that about one rupee was enough for the bank person to convince Honky to start a account.

The bank person asked for a Xerox copy of his compay id,pan card,one rupee cheque.
Honky asked him to meet after two days.

When he got back to the seat Bonky started “hope now you got to know about Demat”

“Ya Bonky but not completely”

“The Demat account serves to manage your shares.The firm in which you hold your account acts as a broker for your transactions.They communicate with the ECNs of the stock exchange and complete your trading”

“ECN!!??”

“Hope I told you about that yesterday Electronic communication networks..We are the techies behind it..Do you know the entire infrastructure of the BSE was created and supported by our concern”

“WOW !”


“When your application is processed you will get a username and password with which you can trade online as you do other online transactions” said Bonky.

He promised further that he would teach Honky about how to make a trade when he gets his first account.

“Tell me Bonky I don’t have any huge savings..i spent all I had to the sumptuous dinners and the multiplexes! How much should I save to start trading atleast a lakh!!??”

“Save to trade?? That’s poor boy..never mix your savings and investments especially stocks.Always I make sure 20% of salary goes to savings.I play with the rest only.”Probably we can continue this later in the day otherwise our mangers wont find us fit to pay”breaked Bokny

Ya its time to return to work for us too.If you have raised your eyes on how to get a HLL share in NYSE, you can shout EUREKA because that was the flaw in yesterdays mumbles.

Hey folks build up some discussions on the blog so that we can accrue our knowledge better and eliminate this mails.

NUCH CORNER:DEMAT is to dematerialize your money to shares in electronic form(What will happen if the server gets corrupted@!!!)

PS:If you hold your salary account in ICICI and waiting to start a demat account you can contact me.