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What is Select? What does it provide?

Select is a broker and credit card comparison platform. It provides detailed review and comparison measures to help investors and credit card users make informed decisions before choosing a broker or credit card.


It provides unbiased reviews, articles on brokers and credit cards, and updated news to keep you updated with the world of investing and personal spending. You can also explore the features of the brokers and credit cards to find the best platform and card according to your needs.

What are the rewards offered for opening a Demat account?

Open a Demat account at Select by Finology, and relish these products for 1-month-

Ticker: Get access to the smartest stock screener bunched with premium stock bundles & valuation calculators. 

Quest: Level up your investing concepts with 5 courses on India's coolest platform of financial learning. 


How to find the best broker?

Step 1- Visit Select by Finology

Step 2- Click on ‘Find
Step 3- Use quick 30 seconds wizard
Step 4- Answer 8 simple Yes/No type questions

Hurray! You now have a broker that matches your needs.

What is a 3-in-one account?

A 3-in-1 account is a combination of accounts that make transactions smoother, easier and convenient among the linked accounts. The 3-in-1 account consists of:


  1. Bank Account

  2. Demat Account

  3. Trading Account

What are call & trade charges?

The charges which are levied by placing an order directly through the dealing desk are referred to as call and trade charges.

What is Margin?

Margin refers to money borrowed from a brokerage firm to leverage an investment. It is the difference between the total value of securities held in an investor's account and the loan amount from the brokerage firm. Buying on margin is like borrowing money to purchase securities. You pay only a certain percentage (margin) of the cost; the rest is borrowed from the broker.

How do I compare brokers?

Step 1- Kindly visit the Compare section.

Step 2- You can choose the brokers from the dropdown menu and compare Broker 1, Broker 2, and Broker 3.

Step 3- After choosing your brokers, you can click on “Start Comparing Now”.

Voila! You are ready to compare the features of your broker.

How to compare brokerage charges?

Step 1: Visit Compare section.

Step 2: Kindly choose the broker in the Broker 1, Broker 2, and Broker 3 column.



Step 3: After choosing the brokers, click on ‘Start Comparing Now’.



Step 4: You can enter the details as per your transaction, and click on the “Calculate" button.




Yayyyyyy! Your charges comparision is ready.

What are the charges for opening a Demat account?

The charges for opening a Demat account may vary for different brokers. For your help, we have the "Broker" section which will help you with the detailed charges of all the brokers.

How can I open a Demat account?

We are well aware of your requirements and hence, we already have it ready for you. For the detailed Demat account opening guide, kindly click here.

Can a minor open a Demat account?

Usually, it is a common misconception that minors cannot enter the stock market. There is no such thing as an age limit when it comes to investing. Both adults and minors are allowed to open Demat accounts. With minors, once the guardians provide the required documents, the account can also be opened under their name. Thus, there is no maximum or minimum age for opening a Demat account.

What is the process and documentation required for opening a Demat account?

In order to know the process of opening a Demat account, you can refer to our step by step Demat account opening guide from here.

Please note that the document requirements vary from broker to broker. To know more about the detailed requirements and procedure, visit the Account Opening section listed with each broker on Select.

I was not able to complete my account opening procedure in one go? What will happen now?

No need to worry! You have to simply log in using the same credentials as earlier. It will automatically start the procedure from where you left.

In how many days will my Demat account be opened?

Normally, the Demat account opening process takes around 48 to 72 hours. It may vary based on the stockbroker you choose and the speed at which that broker opens the Demat account.

I have still not received account confirmation from my broker. What should I do?

It usually takes 48 to 72 hours to open a Demat account. But this may vary based on the chosen stock broker and their Demat account opening process. You can wait for the prescribed time and check your mailbox. Do not forget to check the spam folders as well.

If  you still do not receive the confirmation, kindly contact your broker to know the status of your account.

Where can I find my Rewards?

Step 1- Visit Select by Finology.
Step 2- Click on your "Account Profile".

Step 3- Click on ‘My Rewards’

Congratulations! You can now claim your rewards.

In how many days can I claim my rewards?

You will be eligible to claim the rewards after a week of opening a Demat account. For example, if your account opening process is complete on Wednesday, you will be eligible to claim the rewards next Wednesday.

How to open an NRI Demat account?

Currently, in India, an NRI can open a Demat account only through an offline process. The procedure for account opening varies for different brokers. It would be best to connect with your preferred broker to know the detailed procedure and avoid any grievances.

How can we open a non-individual account?

At present, we do not offer a non-individual account opening process on Select. The account opening process for a non-individual is completely offline. So, it would be advisable to contact the broker for a detailed procedure.

How to close a Demat account?

Closing a Demat account usually requires downloading the closure form and filling it in. It is an offline process.

For a detailed step-by-step process and guidance, you may reach out to your broker or visit their respective website.

What is a credit card?

A credit card is a financial instrument provided by banks and even NBFCs to their customers. Credit cards allow their users to withdraw more money than is available in their accounts in the form of short term loan.

How does a credit card work?

A credit card works by allowing users to make purchases at various locations using a type of short term loan. The credit card essentially makes the provider bank pay on behalf of the user and thus, needs to be paid back within the due date. Some credit cards also allow cash withdrawals, but care needs to be taken as these withdrawals are usually charged at a much higher rate.

How do I apply for a credit card?

Various providers have different processes for credit card applications. Certain documents like proof of identity, address and income are necessary by providers. These documents need to be submitted and the provider’s steps need to be followed to get a credit card.


For more detailed information on specific cards, find your card on and follow the process mentioned with your card of choice.

What are the benefits of having a credit card?

Credit cards give users access to short term credit that can help them improve their lifestyle by not having to wait for purchases. Credit cards also allow their users to build their credit score if they repay their dues on time.


However, care must be taken to not use credit cards in excess as failure to repay credit card due may lead to hefty interest charges and declining credit score as well.

What is the credit limit on a credit card?

Credit limit is the amount of borrowing a specific card will provide its user. This limit is set based on the user’s income, their credit score and credit history.

It is advised to not always use one’s credit card to its specified limit, just because the amount is accessible.

What is APR?

APR stands for Annual Percentage Rate and is the annual rate of interest levied on outstanding balance of your credit card.

What is the minimum payment for a credit card?

Minimum payment is the least amount a credit card holder has to pay before the due date to avoid incurring interest on the outstanding balance.


What happens if I miss a payment on my credit card?

Missing credit card payments is never a good idea. If you do not pay the minimum amount due on the statement date, the bank levies a late payment charge. This is on top of the interest that has to be paid for the amount spent using the credit card.


The rate of late payment charge varies from bank to bank.

What is a credit score?

A credit score is a three digit number that represents the creditworthiness of a person. The number ranges from 300 to 900. A credit score of 750 or more is considered to be healthy and allows better borrowing terms like greater loan amount, lower interest rate, and longer tenure.

How can I improve my credit score with a credit card?

Using your credit card frequently and making timely repayment of the card’s dues is a way to improve your credit score. However, caution must be taken to not overspend and fall in a debt trap as it has a negative effect on the credit score.

How can I choose the right credit card for me?

Credit cards are not just a source of short term loans but also have various rewards and benefits to suit the different needs of various users. You can choose a suitable credit card based on your income (helps you decide the credit limit of your card), your requirements (which reward/cashback system works for you) and many more features.


Select has the Card Genie feature to help make this selection process much easier.

What should I do if I lose my credit card or it's stolen?

In case of loss or theft of credit card, users must immediately contact their bank/credit card provider to report said loss/theft and block the card.

This stops the card from being used without the owners authorisation and protects their funds.

Can I use my credit card overseas?

Your credit card network decides whether it can be accepted for overseas transactions. Visa and Mastercard credit cards are usually accepted by most merchants globally. Overseas transactions do attract a “foreign currency markup” fee.


Contact your credit card provider to better understand the international application of your credit card.

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