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How to open Demat Account?

  • Highlights

  • Demat Account can be opened in 10-15 minutes

  • It is 100% online and paperless process

  • Fill your basic details and upload KYC documents

Opening a demat account is simple and can be completed in a few steps. Demat Account stores the shares you buy in the stock market. Demat accounts are essential to get started with online trading.

To open a demat account, check for online stock brokers. In most cases, the broker will provide you Demat & Trading account together, which is preferable, as you need both for online trading. While demat account stores the shares you buy, trading account helps you place the buy and sell order in the stock exchange.

6 Steps to open a demat account

You can open a demat account without stepping out of your home. The entire process is digitized and can be completed in less than 10-15 minutes with just a mobile phone. Detailed below are the steps that will help you open a demat account-

  1. Search for online broker: Stock brokers provide you the facility to open demat accounts. When you are researching about them, check for the demat account opening charges. Primarily, there will be two demat charges - an account opening charge, or annual subscription fee and Demat Annual Maintenance Charge(AMC). Bajaj Financial Securities provide you the option to open free demat account with zero Annual Maintenance Charge(AMC).

  2. Basic Details: Next you have to fill an online account opening form on the broker’s website. The form filling requires you to provide basic details like your name, phone number, email, address, etc. You will also need to add your PAN Card details.

  3. Document upload: After furnishing the basic details, you will have to upload your photo, and the documents related to your proof of address and proof of identity.

  4. E-verification: Since the entire process is digitized, you can perform verification by yourself at your home. In the form filling journey you will get an in-person verification page, record a short video of yourself and submit it to complete the e-verification.

  5. E-sign: Most brokers will provide you the option to sign your application digitally using Aadhar linked mobile number. It is a convenient and secure method and reduces huge paperwork.

  6. Form Submission: Once you have finished these steps, you can submit your form and your account will be created shortly. Wait for the confirmation message from your broker. Soon you will receive details of your account like demat account number, and the login credentials to access your account.

Benefits of Demat Account

A Demat Account has several benefits. Let’s have a look at some key benefits of Demat Account:

  1. Store all your shares in digital format: Before digitization, the shares existed as paper certificates. Storing and handling them was cumbersome. With demat account you can store all your shares electronically.

  2. Get safety and security: Since your shares are stored in digital format, it stays safe and secure. It eliminates the risk of theft or forgery associated with physical copies of paper certificates.

  3. Get an overview of all your shares at one place: This is a great benefit of demat account that you can view the details of all your shares at one place. It makes it easier to keep a track of them.

  4. Necessary for online trading: Demat Account is essential for online trading. When you buy a share, it needs a repository to get stored. That storage space is your demat account. Hence it is necessary to have a demat account for trading online.

  5. Easy transfer of shares: Since shares are stored in digital format in a demat account transfer of shares become fast and easier. Unlike physical shares, it cuts down paperwork to zero and makes the transfer of shares extremely convenient.

So, what are you waiting for? Open a Demat Account today and start your investment journey!

*Account opening is free for Freedom Pack, with zero Annual Maintenance Charge (AMC) for 1st year & Rs. 365+GST from the 2nd year.

Disclaimer: Investments in securities market are subject to market risk, read all the related documents carefully before investing. Visit our website for other Terms & Conditions.

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