Chapter 2 · Your accounts: bank, Demat, Mero Share, TMS
The bank account
Where your money sits, and where sale proceeds and dividends land.
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You almost certainly have one already. What matters for investing is that the same account will be linked to everything else, so the name on it must match the name you use on every other form — exactly, including spelling and any middle name.
What flows through it
- Money you send to your broker before buying.
- Proceeds when you sell, after settlement completes.
- Cash dividends, paid directly into it by the company's registrar.
- IPO application amounts, blocked and then either debited or released.
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