Documents Required to Open Demat Account Online

pan-card pan-card

PAN Card

Mandatory requirement

Identity-and-Address-Proof Identity-and-Address-Proof

Identity and Address Proof

Voter ID / Driving License / Aadhar Card / Passport

Bank-Proof Bank-Proof

Bank Proof

Cancelled cheque / Passbook / 6-month Bank statement

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What is a Demat Account?

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An Online Demat Account, short for "Dematerialized Account," is an electronic platform that holds and stores an investor's financial securities in digital format. It allows individuals to buy and hold various financial instruments like stocks, bonds, mutual funds, and government securities electronically, eliminating the need for physical share certificates.
 

Demat accounts transformed India's securities landscape, bringing faster, more secure transactions and reducing paperwork. You can now enjoy the ease of managing your investments conveniently and within the comfort of your own home. Online Demat Accounts have played a crucial role in attracting more retail investors to the Indian share market, thereby contributing to its growth and development over the years. Today, Demat accounts have become an essential part of the Indian financial eco-system, empowering millions of investors to participate in the capital market seamlessly. You can also open Demat account for free!

Advantages of Opening a Demat Account

  • 1

    Simplifies Access to the Share Market

    A Demat account simplifies entry into the stock market, allowing Indian investors to buy and sell shares electronically. It's essential for online trading on Indian stock exchanges.

  • 2

    Safe and Secure Holding

    It offers a secure and convenient way to hold securities, eliminating risks associated with physical certificates like loss, theft, or damage.

  • 3

    Reduced Transaction Costs

    A Demat account lowers transaction costs and paperwork, while modern brokers like Bajaj Broking offer low fees and enhanced trading experiences.

  • 4

    Simplified Tracking and Monitoring

    Investors can easily track and monitor their multiple types of investments online, helping them make informed decisions based on real-time market data.

  • 5

    Streamlined Operations

    Corporate actions like dividends, stock splits, and bonus issues are automatically updated, simplifying the process for investors.

  • 6

    Diversification of Investment Portfolio

    A Demat account enables investors to diversify their portfolio by providing access to a wide range of financial instruments like stocks, bonds, ETFs, and more, thus offering broader investment opportunities and better risk management.

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Frequently Asked Questions

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Can I open multiple demat accounts?

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Yes, you can open multiple demat accounts but only under the below conditions:

  • You can open only one demat account per DP using the same PAN card.
  • You can open multiple demat accounts with different DPs using the same PAN card.

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