Open demat account with SBI
If you are also making a plan to earn well, then the country’s largest government bank SBI (State Bank of India) is giving its customers the facility to open special accounts, through which you can earn money.
State Bank of India has written in a tweet that SBI customers can now open demat and trading accounts through the YONO app. Open account with Yono app and save Rs. 1350. In this, you are getting a chance to open an account of Rs 850 for free. Apart from this, a free DP AMC of Rs 500 will be available for the first year.
— State Bank of India (@TheOfficialSBI) March 16, 2021
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Take more information from this link
For more information about this account, you can also visit this link https://www.sbiyono.sbi/index.html.
What is a demat account?
Through this account you can invest money in the market. If you are planning to invest money in the market, then you have to open this account first. This is also like other accounts, just as you can deal with money through other accounts, in the same way you can transact shares through this account. A demat account is required to invest in shares online. You can open it with any brokerage like SBI, HDFC Securities, ICICI Direct, Axis Direct.
What is the process of opening an account?
>> For this, you have to first download Yoana app in your phone.
>> Now you have to login to it.
>> After that you have to click on the investment option.
>> here you have to click on open demat and trading account.
>> After the process is complete, you will have to click on submit.
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Let us tell you that the bank has further said that investments in the securities market are subject to market risk, read all the relevant documents carefully before investing.