How to Open Demat Account, Demat Account

Every news on the rise or fall in stock market arouses the interest of many. And the first step to take the plunge is to open a Demat Account & Trading Account.

A Demat Account is the medium through which one can hold stock market shares & other securities like Initial Public Offerings (IPOs), bonds, government securities, mutual fund units and exchange traded fund (ETFs). A Demat Account not only assures security of all such financial investments, but also facilitates ease of their handling & maintenance.

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How to open a Demat Account:

Decide on a Depository Participant (DP), which is any authorized bank, financial institution or broker, with who you want to open a Demat Account with. The choice of a DP should ideally depend on the brokerage charges, annual charges &leverage provided.
Submit a duly filled account opening form and KYC form. Along with this, you will need to attach

copies of –
PAN Card
Residence Proof
ID Proof
Passport-sized photographs
Do carry original copies of all for verification purposes. You will also need to give a cancel

cheque submitted for dividend bank details.

You will then need to sign an agreement that will mention all the rules, regulations and rights associated with holding a Demat Account. Read them carefully and do not hesitate to clear all your doubts. When this is submitted to the DP, it will be signed by an authorized person and a copy of the same will be given to you.

When the account is Activate , your broker send, you will receive a unique Client ID from the DP. This, along with other details, will help you get access to your Demat Account online.
You will also be given instruction slips by the DP, which will be of use for depository services like transfer, purchase, sell, hold etc.

Note:- that a Demat/Account does not require any ‘minimum balance’ you keep 0 balance of shares or financial securities to be held in it. Also, you can hold more than one Demat Accounts linked to a single PAN. However, not with the same DP.

How to open a Demat-Account online:

A request to open a Account with

any DP ( Depository Participant) can be applied

for online as well.

Visit your chosen DP’s website
Click on ‘open Demat Account’ tab and submit the following details
Name
Email ID
Mobile Number
One-time password (OTP) that you will receive
City
You will receive communication from the DP to get in touch with you for completing the above mentioned formalities and opening a Demat Account
DematAccount details

Your demat service provider needs to give you the following details:

DP ID
Beneficiary ID or Demat Account number
Power of Attorney (POA) number
These are especially helpful if you want to apply for an initial public offer (IPO).

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Demat Account

* The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.