You need to be a beneficiary account-holder with SHCIL. You can convert your existing Demat account into a STOCKdirect account by filling up a conversion form.

You can open a running account called Purchase Advance to facilitate your fund transfers.The following conditions apply :

    - You make an initial remittance of Rs.1,000 into the Purchase Advance.
    - Minimum amount of Rs.250 to be maintained in the Purchase Advance.