Open A Free Demat Account
₹0 Account Opening Fee
Open Your Demat Account
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Open A Free Demat Account
₹0 Account Opening Fee
Fill in your Personal Details
Don’t worry! Just fill in your PAN number, Date of Birth and Aadhar number and all your details will be prefilled; you will have to just verify it.
Fill in your Bank Details
Just fill in your Account Number and IFSC. Let us assure you that all your information will be saved securely.
Upload Your Documents
Get rid of all the hassle of taking a print and a delivering your documents. Just upload your Photo, Aadhaar Card & Cancelled Cheque.
E-Sign Your Form
Once you have filled all the details, you can review the complete form and sign the form digitally. Your application process will be complete. If you do not have an Aadhar physical signature will be required.
Since the securities / shares / stocks are held in electronic form there is no storage risk involved.
The investor does not have to provide their details every time a transaction is carried. Every transaction is automatically updated with the specifics.
Opening an account does not only aid in trading of shares. It also operates for debt instruments like bonds, NCDs, government securities, mutual funds, etc. An investor can hold all the investments in a single account.
With demat account the investor can buy or sell any number of shares without any conditions.
The electronic system today will directly credit the securities to the investor's account automatically, regardless of the quantity and amount of shares.
Demat account does not require stamp duty for securities. Previously the stamp duty was 0.5 percent for each share.
Who Can Open a Demat Account in India?
Any individual who is a resident of India with the required proof of identification, proof of address, proof of income can open a demat account to purchase and sell securities and other instruments through the stock exchanges in India.
Documents Required for Opening A Demat Account?
Following are the documents that are required for opening an account.
(Pancard, Passport, Voter ID, Driving License)
(Passport, Voter ID, Registered Lease or Sale Agreement, Driving License, Utility Bills, Bank Passbook)
Can I Open Multiple Demat Accounts?
Yes, multiple demat accounts can be opened by an investor.
Can Demat Account Be Opened Jointly Opened?
Yes, a demat account can be opened jointly. However, a demat account can have a maximum of three account holders that is one main holder and two joint account holders.