Banking systems in India have come up with an easy online trading portal for its customers. Online trading on a wide range of shares and stocks can be executed from any bank account which provides its customers with internet banking. The major facility is that trading online becomes hassle free.
When a bank account is integrated with a Demat account, the wastage of time is reduced to its minimal while maximum mobility is achieved with the movement of shares and funds in the accounts. Mismanagement is also avoided with immediate notification via email whenever a transaction is completed.
While, the banks in India use 128-bit encryption technology, the transactions become quite secured the trading method is quite simple, easy and convenient as well as transparent. The customers are allowed to trade in a huge numbers of shares and stocks listed on the stock exchange and they can carry out their trading from home or office (whichever is convenient). The only requirement is a computer with an internet connection.
When a customer wishes to buy or sell the stocks and shares, all that they need to do is to log into their respective banking accounts. The moment a person places a buy or a sell order, the system checks the balance funds in the bank account and the shares in the Demat account are also checked and thereafter the online trading system is used to execute the trade in the stock exchange. Doing so, the bank account or the Demat account are automatically credited or debited (whatever the case maybe).