What are documents required for Demat account opening online in India?

Short Answer

To open a demat account, users will require a filled applciation, Aadhar card, PAN card, address proof, photographs, bank statement, and income proof.

Detailed Answer

We keep on reading about different stock brokers offering demat account in India. Have you analysed what are the basic and most important documents required for opening a demat account with any of the stock brokers.

Firstly, you need to fill the basic details and personal information in Demat form.

For your reference, I have compiled a list of crucial documents that you must have while opening a new demat account. The list is more or similar for all the stock broking companies.

Documents required for Demat Account Opening:

1. PAN Card: This is mandatory for all individuals

2. A Proof of identity: This can be your driving license, PAN, AADHAR, Voter ID.

3. A Proof of Address: AADHAR, Passport, Voter ID.

4. Bank account proof: It can be a cancelled cheque or copy of bank passbook. Bank statement not older than 3 months can also be provided.

5. Income proof: This is mainly required if you wish to trade in derivatives. ITR acknowledgement, salary slip etc.

6. Photographs: 2-3 passport size. Moreover, if yo open account online and do e-verification, you may not require this as well. Isn't that great?

Have you opened your demat and trading account? If yes, you might be knowing what documents you submitted for the same. If not, just note this list and keep these handy while opening your demat account.

What I believe is, opening a demat account has become very easy these days. Since the entire process has been made more convenient for the customers. What are your views on the demat account opening process? The inclination towards online account opening, e-signing and quicker processing has further simplified the whole system.

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Categories: Stock Market
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Discussion (1)

    You would requires your PAN Card, Bank account statement, Aadhaar card and you're good. You don't need anything else. But based on the stock broker, additional information might be requested.

Related FAQs

How much money is required to open a Demat account in India?

Many Indian brokers allow you to open your Demat account for free, whereas some charge a nominal fee of Rs 200 to Rs 500. Although there are some recurring charges that you have to bear such as annual maintenance charges, Demat charges, etc.

Can we open demat and trading account without Aadhaar card in India?

Yes, you can open a trading and Demat account without an Aadhaar card but it's not possible to do that in the online method. To open your account without an Aadhaar card, you will have to visit the broker's branch and complete the process there.

Is opening a demat account free in India?

Yes opening a Demat account in India might be free with some brokers but not all. Apart from the opening charges, a Demat account is not completely free. You will have to pay an Annual Maintenance charge or Demat fee, every year.

How to Open a Demat & Trading Account with Stoxkart?

Follow an easy account opening process with few basic requirements to complete for getting your Stoxkart demat and trading account opened. If you have your PAN card copy, AADHAR, bank proof ready, it's all the more easy to open your demat and trading account online in an easy manner. Here we explain a detailed step by step process of how to open a trading and demat account with Stoxkart.

What are ICICI Direct Demat Account Charges? Account Opening & Brokerage

The opening charges of an ICICI Demat account is zero. However, the Demat account's annual maintenance charges are 700 rupees per annum, and the trading account opening charges are 975 rupees per annum.

Can I have two Demat accounts in India? 2 or multiple accounts

Yes, you can have multiple demat accounts with different stock brokers in India. But, what's the need to have 2 demat accounts? Just have a single demat account with a good popular broker. That's it!

How to Open a Trading & Demat Account with Paytm Money?

To open a Paytm Demat Account you do not need to make a lot of efforts. You can simply do it online which spares you from standing in a long waiting queue in the branch of the broker house. These days online and offline account opening has become all the more easy.

What is need and importance of Demat Account in India?

The stock market has seen significant changes since the introduction of demat accounts. Demat refers to “Dematerialization” of shares. Know the meaning, need and importance of Demat Account in India. Simply speaking, Demat account allows you to store securities in electronic form.

How much time does it take to open a Demat account?

Usually, the demat account opening process takes around 48 to 72 hours. It may vary based on the stock broker you choose and the speed with which it allows Demat account opening.

Is a Demat account required for SIP?

No, SIPs doesn't require any demat account. One can start SIP by completely minor documentations such as KYC, FATCA etc.