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All you need to know about a best demat account in India

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demat account

Everyone is well aware the fact that they need a demat account to kick-start stock market trading. This account is provided by the registered stock brokers and financial institutions. These accounts have to be registered with either National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL), the recognized depositories of the country. Since there are several stock trading brokers to provide the demat account with different plans and charges, it is better to make a study before selecting the service provider. This article will help you in winning the task.

Demat account

It is real fact that even though everyone has heard about the demat account most of them are not aware of what it really means and the exact task of the same. Demat account is an account that works as just a storage place of your shares. The shares are not encouraged in physical form and they have to be stored in electronic form to engage in stock trades. Hence the account is intended to store the shares in electronic form and it is credited with the purchase and debited with the sales of the stock. You need another account apart from the Best Demat Account in India named trading account to handle the monetary transaction in purchase and sales of trades.

Free and paid account 

Most of the brokers collect a charge to open the demat account from the customers. But there are some reputed brokers who are well aware of the intentions and expectations of the present investors and hence provide a free demat account to start with the trades. If you are a fresher to the stock market, then it is a good idea to get both demat and trading account on a single plan to enjoy the real benefits.

Documents needed to open the account

Demat account opening is just like opening a bank account and it needs passport size photos, a residence proof, and an identity proof. You can also open the demat account online with your Depository participant by submitting the KYC documents including address proof, recent passport size photos, and PAN card. Your depository participant can be a broker, banks or online investment platforms.

Charges for Demat account

The important charges related to opening a demat account include account opening charges, annual maintenance charges (AMC), custodian charges, and transaction charges. Account opening charge is the charge paid for the broker at the time of opening the demat account. But now you can save the amount by depending on the brokers who provide a free demat account. Annual maintenance charges are collected in advance by most of the brokers to keep the shares in the account. Custodian charges are paid to the brokers to hold the stock and securities. And the trading charges are charges or commission paid for the broker for the purchase and sales of shares and other commodities.

So it is a good idea to open the Best Demat Account in India for free of cost that charges the minimal cost in terms of AMA, custodian charge and transaction charges. At present, there are reputed online stock brokers platform who provide you with the list of best brokers in India to make an effective comparison and to select the best broker.

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Critical Tests to Ensure Critical Calibre in Your Employees

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Critical Tests

A huge number of employers are managing critical thinking assessment tests during their recruitment process.   This is exclusively designed to test the decision-making skills of an applicant. It is mainly based on standard critical thinking.  Critical thinking demands a candidate to discover and define the issues and problems, collect essential information needed and expectations made, cater possible clarification to the problem, examining alternatives to select the finest solution and finally making conclusions to reach at a right and effective decision.

The right test for critical thinking ability is suitable for hiring at all levels like mid managerial and senior decision-making levels. These tests are used to assess the applicants on three chief areas like

  • Proper recognition of Assumptions
  • Exact evaluation of arguments
  • Drawing conclusions

This all constitutes – Inference and Interpretation. The applicants are given diverse types of situations and statements to examine them on the above mentioned skills. The test is carefully scheduled to check the speed and correctness of candidates on reaching the conclusions. Once you have a test like this one, you can be sure about the critical abilities of your candidates. These are the tests that are both used as pre-employment test and promotion test. If you are recruiting some candidates for some important roles in your business, you have to be sure about their calibre and effectivity. You have to take steps to ensure that they are absolutely equipped with some sound critical abilities. What is the point if they don’t have a critical vision towards things? What is the point if the candidates are unable to tackle with a p [problem in an efficient manner? it would be a good thing to know about these calibres of your candidates before you change them into your employees.

Problem solving & decision making

The most important ingredient of an effective business setup is problem solving skills. If your candidates are good at their respective areas and tasks but they don’t have a neck at solving problems that won’t be a good thing for your business growth. You have to possess the right employees who know how to deal with the problems in the most prolific manner. Problem solving is really crucial in this present world. Anytime you can encounter a problem in your work and you should have some skills and knowledge to tackle with the situation.  If a problem does not get solved within time and efficiently, it can be disastrous for your business. When you have critical Reasoning Test in your recruitment drive, it would assess the problem solving capabilities of the candidates taking part in the hiring drive.

Then decision making is another important ingredient of productive staff. No matter how skilled or intelligent your employees are; if they don’t have the skills to undertake the things and take decisions when needed; they won’t be an asset to your business. There are always instances when you have to take decisions to ensure that the business grows.  If your employees hesitate to take decisions and they simply delay the things for this reason, it can turn out to be a loophole for your business growth. It is important that your staff members have the guts to take decisions when the need arises. In the absence of decisions, nobody can gain any effectiveness. Your business can collapse like a house of cards in the absence of decision making skills. Hence, there is a lot of prestige and importance associated with this attribute. You can make sure that your candidates have professional skills and knowledge to deal with the problems and take decisions with the help of critical testing. These tests are designed to get you the best information.

Customised tests

Even if you have some specific demands with the tests, you can always go for the customised versions of your critical tests. These critical tests are available in abundance and you can pick as per your requirement. However, if you want some specific things to be added or removed from the test, you can always get the test customised. In this way, you can be sure that your candidates are getting measured in the most prolific manner. There are many businessmen who use these tests to ensure that they are testing the areas of the candidates that matter the most to their business. Tests are always result oriented and get you the clear picture.

No partiality in critical tests

Many people have a doubt about the impartiality of the tests. Well, if you are new to the concept of pre-employment critical tests then it might surprise you that these tests are made in an exclusive manner. The tests are absolutely effective and not at all partial. Since the test has all questions same for everybody, there is no doubts about the genuineness of the test. Similarly, even the recruiters cannot do anything in this aspect. All the candidates give this test and then end up with a score as per their calibre and intelligence.  On the basis of these tests, the recruitment team make a decision. Certainly the pre-employment test is blended with the interview and resume too.  Maybe there is some amount of possibility of partiality in interview but not in these pre-employment tests. Scores are clear for everybody to see and whoever scores better, gets a seat in the next level of recruitment procedure.

Conclusion

So, in this complex and competitive world, critical thinking test is must for employees. You have to make sure that your staffs are equipped with critical thinking skills and for this you can use the best tests during the recruitment drive.

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High Power Binoculars for Better Vision in Hunting

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High Power Binoculars for Better Vision in Hunting

Not everyone can become a shooter or engage in the shooting. It needs determination, courage and a good level of precision, accuracy, and speed. There are several types of ranged weapons intended for different shooting purposes and persons. If you are the one to test the luck frequently or a professional shooter, you will certainly look for some accessories that help a lot in adding the real perfection to the shooting. (more…)

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Correct Torque Calculation

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Correct Torque Calculation

Calculation of tightening torque to preload a bolt is an important thing to check the force. All the formulas to check the correct calculation regarding nuts and bolts are mentioned in a popular book which is named as Machinery’s Handbook. So read forward to know some of the basic things which you need to take care for the tightening torque calculation for bolts. (more…)

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