Urgent Query regarding Online trading

[Erudite]

Hello friends,

I am willing to go for opening a demat and trading account with a discount broker( rksv or zerodha). Regarding it I have some queries :-
1. Is it necessary to have a net banking-enabled bank account or if payment trasactions can be done using debit/credit card also? And I would like to trade online only.

 

[lonstud]

I have an account with Zerodha. I do not think there is a way to deposit funds via credit/debit card.

 

[lemondew]

Since when can we buy shares using credit card I would have taken all banks credit cards If this facility is available

 

[lemondew]

sorry but i dont think you can fund a trading account for equities with a credit card. Most brokers ve security mechanisms which ensures that money moves only between your registered bank account (with them) to your trading account. Using a debit card I can fund your trading account SEBI has banned this.

I am not sure if its possible to verify debit card belongs to bank account registered with your broker and so on but I doubt someone would go to that extent to provide this service.