According to KPMG, the online gaming industry in India shows an estimate of an average Rs 4,380 crore (FY18), which is projected to grow at a CAGR of 22.1 percent to touch Rs 11,880 crore by FY2023. Within this, the online card games are growing at 35-40% percent year-on-year. … [Read more...] about India’s online poker industry is in a hyper-growth phase
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How was its origin?Before the advent of Demat Account, shares and stocks used to be exchanged in physical format, called receipts or certificates. There was lengthy paperwork involved and a lot of time consumption. To save on time and paperwork and the inconvenience of storing and carrying them, in 1996, the process of dematerialisation (Demat) of shares was initiated. By that time the electronic trading platform has already gained traction in West and other Asian Markets. To begin with, physical share papers were converted into electronic form securities of equivalent number and price and credited to the investor’s Demat account. In India, Free Demat account service is provided by depositories such as NSDL and CDSL through intermediaries / Depository Participant / Stock Broker such as ICICI Direct, HDFC Bank, Angel Broking, Clear Tax, Karvy etc. … [Read more...] about Demat account: Meaning, how to open demat account, facilities and benefits
Eligibility criteria for opening Demat account with ICICI Regardless of one’s age, a Demat account can be opened with ICICI, which will help you to trade and invest in the stock exchange. You will have to be prepared with your PAN card, ID and address proof and will have to fill out a KYC (Know Your Customer) form. Once the Bank verifies and okays your documents, it will execute the process of opening a demat account, which in the case of ICICI will double up as your trading as well as a bank account. For opening a demat account with ICICI Bank or to invest in stocks market there is no minimum age involved. You don’t have to attain adulthood either. … [Read more...] about ICICI demat account: Its charges, account opening process, etc.