A Step-by-Step Guide on How to Open a Demat Account?

you don’t have any type Demat & trading account? and want to open A Demat Account? then you are in the right place

follow our step by step Guide to get Demat Account. first shortly know the what are Demat account means.

What is a Demat Account?

what is a Demat account

Demat stands for a dematerialised account which holds the stock you have purchased in digital format“. It was similar to your bank account where you can store your financial security.

Opening of Demat accounts as easy as you open a personal bank account. You only need a few documents and a bit of time harry your Demat and trading account ready to use.

let’s discuss which documentation is required to open Demat and trading account

What are the documents required for opening Demat Account?

As I mention you, it did not require any bunch of documents. The documents you needed for Open A Demat Account are straightforward and listed below:

Documents Required for Demat Account
  1. Proof of Identity:- documents used to verify your identity
    • Eg. Driving license, voter id,
  2. Proof of Address:- A proof of residence is a document confirming where you live
    • Eg. Passport, aadhaar card.
  3. Proof of Income:– For trading in derivatives such as F&O
    • Eg. bank statement, copy of ITR acknowledgement.
  4. Proof of Bank Account:- to verify your bank information
    • Eg. Cancelled cheque, passbook copy.
  5. PAN Card
  6.  passport size photographs

required documents are the same in the opening procedure of online and offline

collect all required documents then start the account opening procedure step by step.

How To Open A Demat Account online?

To open a Savings Account online, all you need is a mobile phone or laptop. You can initiate the process with just your mobile number, email id and the rest of the procedure does not vary much. 

How To Open A Demat Account online complete guide

The steps you need to follow to open a Demat Account online is given below:

#.Step 1. select the Demat account provider (Depository Participant)

Choosing the right demat providers (stockbroker) is a very challenging task for beginners. Select that stockbroker they offer you the best service in the market.

for our recantation, you select Upstrox, Zerodha or Angel Broking etc stockbroker because they offer zero account opening fee plus lovest broking charges in the market.

if you want more information about best stockbrokers list in India then visit this article

#.Step 2. fill up demat account opening form.

If you choose good stockbroker, then go to their website and fill up a demat account opening form. In the account, opening form broker asks simple information. Fill up all the required details.

#.Step 3. Read all related documents carefully.

The investors must access the risk factors associated with his investments. They must ensure that the risk associated with the securities investment is in line with their own risk appetite and tolerance level.

in documents broker also give you all investment-related charges and fees information. Read and save all documents carefully.

#.Step 4.  In-Person Verification.

after documents, submission broker verifies your documents. in case you any query asks them.

#.Step 5. Demat account number and client ID.

After completing the process of applying for a Demat Account, you will receive your customer ID and account number instantly so that you can transfer money and start using your account.

How To Open A Demat Account offline?

The steps you need to follow to open a Demat Account offline is given below:

  • find your nearest stockbroker branch or sub-broker
  • Visit the branch
  • Fill up account opening form
  • Submit KYC documents (ID and Address proof)

Submit the signed form to the branch and your Demat Account will be active within a few days.

Related FAQ

Can I open a Demat account online?

Yes, definitely you can open your Demat account online.
Simply go into brokers site and fill the lead form.

How much does it cost to open a Demat account?

Many stockbrokers offer zero account opening fee. And same costs up to ₹300-700.
After every year you need to pay annual maintenance charges in between ₹300-600.

Can I open Demat account without a stockbroker?

Yes, you can open your demat account without a broker. But if you want to trade your stocks, it is not possible to trade without a broker. Stockbrokers are the licensed members of SEBI who trade stocks of a common man through stock exchanges.

Can I open Demat account free?

Yes, you can open a free Demat account online. Just make sure you understand the charges involved. There will always be an asterisk (*) over anything that is free and you should proactively check the fine description accompanying it.

Can I open 2 Demat accounts?

in india It is legal to have two demat accounts, however, they must not be with the same Depository Participant or stockBroker.

What are the minimum and maximum age limits for opening a Demat account?

To open Demat account there is no age limit. Demat account is just like the bank saving account.
Just like you are depositing cash in your saving account, same you are depositing shares in electronic form in your Demat account.
As you can open a saving account for minor also, same Demat account also can be open for minor also.
Here restriction is not on depositing shares in electronic form. But the question is when you can do trading in this minor Demat account.
For the opening of a trading account, one must be of 18. Personage should be 18 to sign the contract

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