How to open paytm money demat account
How open paytm money demat/traing account?
Steps to Open a Demat account on Paytm Money
- Download Paytm Money App Or Web, Click here
- Add Pan Card details and submit successfully.
- Now submit an address proof for which you have to add Aadhar Card details.
- Submit your bank details, for adding and withdrawing funds from the Demat account.
- Give an e-signature for AOF (account opening form) and you are done.
After submitting all these necessary details, Paytm Money’s KYC team will take care of further proceedings to open a Demat account.
Once the KYC process is done and your Demat account is in place, you can officially start investing in equities.
Firstly, you must click on the green button provided in this page, probably at the bottom, which reads “Open Demat Account”. When you click on it, you will see a pop up form, fill and submit the form to further go through the verification and KYC process of demat account.
How to get Paytm Money demat account?
Click here and follow the steps and get free paytm demat account.
Is Paytm Money Demat Free?
Yes. Paytm Money this time charge Rs- 0 for trading and demat account, Click here to avail this offer.
What are Paytm Money KYC charges?
Paytm Money charges Rs 200 as account opening fees (This time company charge Rs 0 Click here to get this offer) of the Trading and Demat account.
The company offers a 100% paperless and fully digital KYC process. An investor has to pay one-time KYC charges towards account opening. Paytm Money does not charge for maintenance of the Demat account.
Tutorial video for Paytm Money deamt account opening.
How long does it take to open an account with Paytm Money?
After successfully fill the all details 24 hour take to activate your demat account and ready to trading and investing. Click here to get free paytm money deamt and trading account.
Documents Requireddy to Open a Demat Account?
- Proof of Income: ITR acknowledgment slip submitted to Income Tax Department, Salary Slip or Form 16, statement of Demat account holdings with eligible depository participant, latest bank statement of previous six months – all self-attested.
- Proof of Identity: PAN Card, aadhaar card, voter ID card, driving license, passport, identity card issued by central or state government, public financial institutions, bar council, and other professional bodies.
- Proof of Address: Passport, voter’s identity card, ration card, driving license, utility bills such as telephone or electricity bill, bank passbook, etc.
- A passport-sized photograph.
Eligibility Criteria to Open a Demat Account?
You can open a Demat account if you fulfill the eligibility criteria mentioned below:
- Any residential or non-residential Indian can open a Demat account through a depository participant.
- A Demat account can also be opened in the name of a minor, provided a legal guardian monitors it.
- Demat accounts can also be opened jointly with a maximum of three account holders, including the main account holder.
What is a Demat Account?
Demat account is an account that provides the facility to hold shares and securities in electronic format. In India, this concept was introduced in the year 1996 as an alternative to physical share certificates.
Depository: National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) are two depositories that manage the financial portfolio of Demat account investors.
Types of Demat Account?
Three types of demat account
Regular Demat accounts – All residing Indian citizens can open a regular Demat account to deal with equity trading and investment in an electronic format.
Repatriable Demat accounts – A repatriable Demat account can be opened by non-resident Indians to transfer money from overseas, provided it is linked to a Non-Resident External (NRE) bank account.
Non-repatriable Demat accounts – Non-repatriable accounts are also meant for NRIs; however, these accounts cannot be used to transfer funds from abroad. An individual has to link a Non-Resident Ordinary (NRO) bank account to own and operate this type of Demat account.
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