Knowledge Bank

Knowledge Bank

How to Create UPI ID?

If you add a bank account to your Google Pay account, you can create a VPA or UPI ID for it.

  • On your mobile device, open the Google Pay app.
  • At the top right, tap your Profile picture.
  • Tap Bank account.
  • Tap the bank account you added to Google Pay.
  • Next to "UPI ID" tap Edit.
  • To create a UPI ID, tap Plus.
How to Apply in IPO through Bhim App?

Steps to approve the Bhim UPI IPO mandate request:

  • Login to the Bhim UPI.
  • Go to IPO section.
  • Look for Pending IPO requests.
  • Ensure the IPO request has a Verified Merchant mark to ensure authenticity.
  • Approve the request.
  • Enter the PIN to approve the request.

If the Bhim UPI IPO mandate is not received within one hour, re-initiate the transaction or contact the intermediary (if you submitted a physical application) to verify that the intermediary submitted the application.

Sometimes investors may receive the message 'Bhim UPI IPO failed transaction' because the payment could not be processed successfully. There are various reasons as listed below that can lead to payment failure.

Incorrect PIN.
Issue with Bank's server.

Change in mobile number and not updated with bank. In case of any issues with respect to the IPO transactions processed through Bhim UPI app, first reach out to the intermediary/bank through whom the request was raised or re-initiate the transaction.

Investors can also raise complaints on the BhimUPI IPO complaint portal and enter the issue details choosing the correct option.
Investors can also dial in the toll-free Bhim UPI customer care number 18001201740 for any generic issues.

How To Apply In Ipo Through G Pay?

Gpay UPI IPO
Google Pay, commonly known as Gpay, is a payment app from Google that lets investors transfer money directly from your bank account. Investors can also apply for an IPO via UPI using Google Pay.

Once investors apply for an IPO with their Gpay UPI ID, they will receive a UPI mandate notification in their Gpay app.

Steps to approve the UPI mandate for IPO Gpay:

  • Open the Gpay App.
  • Click on your profile on the right hand corner of the screen.
  • Look for the Mandates option.
  • Click on the Pending tab under Mandates.
  • Click on the mandate to be approved.
  • Enter the UPI PIN to authorize the mandate.

In case UPI mandate fails, re-initiate the transaction or reach out to the intermediary through whom the IPO application was processed.

What is a Demat Account?

A demat account is like a bank account for your shares and stocks in which the shares/stocks are held in an electronic format. Demat accounts make it much easier to own and trade stocks, shares, mutual funds, ETFs by eliminating paperwork. Note that a Demat account and trading account are not the same. A trading account is used to buy and sell shares while a Demat account is used to hold them. Similar to a bank account, where money is debited and credited, shares are debited and credited from a Demat account.

What are the Facilities You Can Avail by Opening a Demat Account?

Share Transfer: Demat accounts are used to transfer the share holdings of an investor.

Loan Facility: If you hold securities in your demat account, you have access to loan facilities. Securities function as collateral.

Dematerialisation and Rematerialisation: With an active demat account, conversion of securities into different forms is an easy task. You can convert physical shares into electronic ones or vice versa.

Availing Corporate Benefits: With demat accounts, you can avail of the benefits associated with holding securities. For example, when a company provides dividends, interests or refunds to its investors, demat account holders can access these benefits immediately.

How to Open a Demat Account?

There are some details you should keep an eye on, and make sure to collect these from your DP:

Demat Account Number: This is known as “Beneficiary ID” if under CDSL (Central Depository Services Ltd). It is a 16 digit number.

DP ID: This ID is given to the depository participant; it forms a part of the demat account number. Please note: DP ID and Client ID are not the same. Your Demat account number is a combination of your DP ID and your Client ID.

POA Number: This refers to the Power of Attorney agreement, in which an investor permits a stockbroker to operate the account.

Conclusion These are the basics you need to know about Demat accounts. Armed with the basics, it will be easy for you to open your Demat account with a trusted financial partner and begin trading in shares and securities.

What are the other Demat Account Details?

A demat account is like a bank account for your shares and stocks in which the shares/stocks are held in an electronic format. Demat accounts make it much easier to own and trade stocks, shares, mutual funds, ETFs by eliminating paperwork. Note that a Demat account and trading account are not the same. A trading account is used to buy and sell shares while a Demat account is used to hold them. Similar to a bank account, where money is debited and credited, shares are debited and credited from a Demat account.

How to operate trading account

A trading and demat account with us ensure that you have access to next generation trading platforms and tools. Also, as SKSE also owns a dedicated news and research site SKSESL.COM, you can enjoy real time global and market updates, prices alerts, IPO information and NFO details.

Here are some insights on our cutting edge trading and service platforms:

Online Trading Platform
SKSE's online trading platform is a one-stop solution for investing in stocks, derivatives and many other assets in just a few clicks. Being the best online trading platform, SKSE's proprietary trading terminal is backed by innovative features and a user-friendly interface that help you to make investments seamlessly.

All you need to do is create a Demat and trading account with Us to access the best online trading platform in India. Account Holders gain access to SKSE's dedicated news and research with real-time global and market updates, price alerts, IPO information and NFO details.

A Comprehensive Guide to Opening a Minor Trading Account in India
In today's digital age, investing in the stock market has become more accessible and appealing to individuals of all ages, including minors. Opening a minor trading account in India is a strategic step towards introducing young investors to the world of finance and teaching them valuable lessons about investing and financial responsibility.

In this guide, we will walk you through the steps on how to open a minor trading account, including the necessary documents, regulations, and considerations to remember.

Importance of Having a Minor Trading Account
Having a Minor Trading Account for your child is like giving them a special opportunity to learn about money and investments early on. It helps them understand how the stock market works and why investing can be a smart way to grow their money. With your guidance, they can decide where to invest and see how those decisions affect their money. This teaches them to be responsible with their choices and patient when waiting for their investments to grow.
Opening this account also lets them experience the amazing power of "compounding," where their money makes even more money as time passes. This can help them save up a lot of money for the future. It's like planting a tiny seed that grows into a big tree of savings. As they learn about investing, they also get better at math because they use numbers to determine how much money they might make and how risky different choices are.
Not only does having a Minor Trading Account teach them about money, but it also makes them more confident in making decisions. They learn to think about the future and set goals for what they want to achieve with their money. It's like learning to plan for a big adventure. And as they get older, they can pass on what they've learned to their own kids, creating a family tradition of being smart with money.

Requirements and Documentation
  • PAN Card: To open a minor trading account, the minor should have a Permanent Account Number (PAN) card. If the minor does not have a PAN card, an application can be submitted through the official NSDL or UTIITSL websites.
  • Guardian's PAN Card: The guardian must also possess a valid PAN card, which is required for tax-related purposes.
  • Aadhaar Card: The minor and the guardian must have Aadhaar cards, as they are used for identity verification.
  • Passport-sized Photographs: Passport-sized photographs of both the minor and the guardian are necessary for account opening.
  • Bank Account: The minor should have a bank account in their name. This account will be linked to the trading account for transactions.
  • Proof of Residence: Documents such as electricity bills, ration cards, or other government-issued address proofs may be required to verify the residential address.