How To Open Online Demat Account
Opening a demat account is recommended by most experts. An increasing number of investors across the country are opting for this option. After all, there are several benefits associated with this type of account. A demat account renders the process of investing in equity shares extremely convenient. Plus, it eliminates the need to do a lot of paperwork due to its electronic nature and mitigates the risk of acquiring fake shares. It also facilitates a great user experience by efficiently streamlining the trading process.
What is dematerialization?
The process of transforming your share certificates from physical to electronic form is called dematerialisation. It is done to make your documents easily accessible at all times. All you need is an internet connection and a device like smartphone, laptop, desktop or tablet. Records of your debit/credit balances are maintained electronically in the same manner your bank deposit history is entered into your passbook. So, as you can see there are a plethora of benefits associated with having a demat account.
Unfortunately, many people are not familiar with the process of opening a demat account online. Hence, in this article we have listed the the entire procedure which will make things easier for investors.
Steps For Opening Demat Account Online:
With 电竞娱乐平台 , you can open a demat account online in just 15 minutes with easy steps. Just follow the steps as listed below:
1. Click here to start your online demat account opening journey.
2. Provide your name, phone number and a verified email address.
3. An OTP will be sent to your entered mobile number to verify and continue the process.
4. Enter the PAN card number and date of birth to complete the next step.
5. The next step will require you to fill up the personal details like:
b. Permanent address
c. Residential status
d. Marital status
e. Highest education
f. Father’s and mother’s basic information
g. Financial information & information on income
h. Trading experience
6. Fill up bank details:
a. Bank name
b. Bank account number
c. IFSC code
7. Make payment (many payment modes are available)
8. Upload your documents
a. Cancelled cheque
b. Passport size photo
c. Address proof – Aadhar card/driving licence/voter ID/passport
9. E-sign your online demat account opening form.
10.You’re done! Start trading and avail great benefits like low brokerage and enjoy unlimited trading at just INR 20 per order.
Documents required for Demat Account Opening
1. Proof of Income
You will be required to submit any one of these documents:
a. A photocopy of your Income Tax Return (ITR) Acknowledgement slip submitted during tax filing to the income tax department
b. Form 16 or the current monthly Salary Slip
c. Your Net Worth certificate or photocopy of the Annual Statement of Accounts verified by a Chartered Accountant
d. Demat Account Holdings Statement along with a qualified Depository Participant
e. Recent Bank Account Statement comprising the income history of past 6 months
f. Any paperwork that proves ownership of assets through self-declaration
2. Proof of Identity
Any one of the following documents need to be submitted:
a. PAN card with a valid photograph
b. Voter ID card/Aadhaar card/Passport/Driving license
c. Photo ID cards issued by State/Central Government and its divisions, Public Sector Undertakings, Regulatory/Statutory Authorities, Scheduled Commercial Banks, University affiliated Colleges, Public Financial Institutions, Debit/Credit cards issued by banks and professional entities such as Bar Council, ICSI, ICWAI, ICAI.
3. Proof of Address
You can submit any one of these documents as a proof of address:
a. Voter’s Identity card/Passport/Ration card/Driving license/Insurance copy/Flat maintenance bill/Registered Residential Sale or Lease Agreement
b. Gas/electricity bill, landline telephone bill that is not more than three months old
c. Bank Passbook that is not more than three months old
d. Self-declaration of new address provided by judges of High Court and Supreme court
e. Address proof that is issued by bank managers of Scheduled Co-operative Banks/Scheduled Commercial Banks/Notary Public/Multinational Foreign Banks
f. ID card containing address that is issued by State/Central Government and its divisions, Scheduled Commercial Banks, Public Sector Undertakings, Statutory/Regulatory Authorities, University affiliated Colleges, Public Financial Institutions, Professional Bodies such as ICSI, ICAI, ICWAI, and Bar Council.
Now that you’re well-aware of how a demat account functions and its various benefits, head straight to 电竞娱乐平台 to open demat account online and start trading with great benefits like low brokerage and enjoy unlimited trading at just INR 20 per order!