Frequently asked questions
A Demat account or a dematerialised account is used to hold shares and other securities in digital form. It is mandatory to have a Demat and Trading account in India if you wish to trade and invest in the share market.
You can register for a Demat account as an individual or a business or in collaboration with another individual. Given below are the different types of Demat accounts that you can open:
- Single holder Demat account
- HUF Demat account
- Joint holder Demat account
- Corporate Demat account
Yes, the shares held in a Demat account are transferable to other Demat accounts. The account holder has to request the Depository Participant (DP) for the transfer of shares and then complete the necessary formalities.
Yes, you can open a Demat account online on the Bajaj Broking’s website.
The following documents are required to open a Demat account with Bajaj Broking:
- PAN card
- Proof of address (Aadhar card, driving license, passport)
- Photograph
- Signature on white paper
- Income proof, for activation of futures and options segment
Also, keep your bank details handy.
With Bajaj Broking Freedom Pack, you can open a Demat account for free. You need not pay any additional charges for one year to manage your Demat account. Apart from this, Bajaj Broking offers a professional Pack for an annual charge of Rs. 2,500.
Given below are the key benefits of opening a Demat account:
- A secure way to hold your shares and securities, digitally.
- Allows quick transfer of shares.
- Makes online trading easier and accessible.
- It eases and streamlines the process of share trading.
You can hold various types of securities, like shares, mutual funds, bonds, and ETFs in a Demat account.
Yes, it is mandatory to have a Demat account to apply for an IPO in India. You need to enter the Demat account number at the time of filling out the IPO application.
Yes, it is possible to open a joint Demat account. The account holders have to provide the necessary KYC documents (PAN card, address proof, and bank proof).
An annual maintenance charge is payable to the Depository Participant (DP) for Demat account.
Yes, you can open a Demat account for free with the Bajaj Broking Freedom Pack. It is free for the first year, and second year onwards, the account holder needs to pay Rs. 431 per annum.
Your shares are kept electronically in your Demat account. There is no required minimum balance because shares, not money, are kept in Demat accounts.
The brokerage charges for Bajaj Broking Demat account starts at as low as Rs. 10 per order.
Given below are a few key benefits of a Demat account:
- Easy and immediate transfer of securities.
- Elimination of risks related to theft and loss.
- Convenient settlement and disbursement of shares.
- Easy holding of shares.
When no holdings, payments, or charges are pending, account holders can close their Demat accounts. They need only submit a request to the appropriate Participant Depository (PD).
The MTF interest rate for Bajaj Broking Demat account starts at as low as 14% p.a.
You can easily open your Demat account online with Bajaj Broking. You just need to keep your PAN card, address proof, and bank details handy.
