How much time does it take to open a Demat account?
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- Updated On:24-Feb-2021
- Replies:1
Short Answer
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.
Detailed Answer
The time required to open a Demat account really depends on the stockbroker you choose. Usually, it takes around 48 to 72 hours from the application to open a Demat account. Some brokers also offer instant Demat account opening, if you are applying through eKYC. For eKYC your Aadhar card must be linked to one of your active phone numbers.
For other application processes, you need to send or upload your supporting documents along with your Demat account opening application form.
Once you submit your application along with all your supporting documents it gets reviewed. The review process may take around 48 to 72 hours.
Once reviewed, you will receive an email, SMS, or call about the next step.
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Discussion (0)
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