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Documents Required to Open Demat Account Online in Kanpur

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PAN Card

Mandatory requirement Amin

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 in Kanpur

  • 1

    Efficient Trading

    Streamline your trading activities by holding shares electronically, avoiding the hassles of physical certificates.

  • 2

    Enhanced Safety

    Reduce risks associated with physical share certificates, such as loss or damage.

  • 3

    Faster Transactions

    Enjoy quicker and more efficient share transfers with an electronic system.

  • 4

    Cost Savings

    Save on storage and handling costs associated with physical shares.

  • 5

    Convenient Access

    Manage your portfolio and execute trades from anywhere with online access.

  • 6

    Regulatory Compliance

    Meet all regulatory requirements easily with an electronic account.

  • 7

    Ease of Record Keeping

    Maintain accurate records of all transactions and holdings.

  • 8

    Improved Security

    Minimise the risk of fraud with secure electronic transactions.

  • 9

    Versatility

    Access a wide range of financial instruments and services.

  • 10

    Professional Support

    Benefit from expert assistance and guidance tailored to your needs.

Charges to Open Demat Account Online in Kanpur

  • Free Account Opening: Enjoy free demat account opening with Bajaj Broking's Freedom Pack.
  • Annual Maintenance Charges (AMC): AMC is waived for the first year.
  • Subscription Packs: Choose from various plans based on your trading needs and preferences.
Type of ChargeCharges
Demat Account Opening ChargesNIL
Demat Annual Maintenance ChargesNIL for 1st Year
Applying for IPONIL (Brokerage will be charged when customer sells the allotted units)
Brokerage Charges (Delivery)NIL
Brokerage Charges
(Intraday, Futures and Options)
Freedom Pack: ₹20/order
Professional Pack: ₹10/order

Types of Demat Account in Kanpur

  1. Regular Demat Account: Suitable for Indian residents, this account is used for holding and trading equities electronically. It generally has annual maintenance charges, but the Basic Services Demat Account (BSDA) offers a free option with reduced fees for new investors.
  2. Repatriable Demat Account: For Non-Resident Indians (NRIs), linked to an NRE account, allowing investments in Indian stock markets with the ability to repatriate funds up to one million USD annually.
  3. Non-repatriable Demat Account: Also for NRIs, linked to an NRO account, restricting fund transfers outside India. Ideal for investing within India without repatriation needs.

Things to Know Before You Open Demat Account Online in Kanpur

  • Credibility of the Provider: Ensure the provider is reputable by checking reviews and ratings.
  • Security of the Platform: Verify the platform’s security features to safeguard your investments.
  • Customer Service Quality: Assess the responsiveness and quality of customer support.
  • Terms for Free Demat Account Opening: Review the terms and conditions for free account openings and any potential future fees.
  • Brokerage Fees: Choose a broker with low fees to optimise your trading costs and returns.
  • Investment Goals Alignment: Ensure the Demat account aligns with your investment goals and objectives.

Common Terms of a Demat Account

  • ISIN (International Securities Identification Number): A unique code assigned to each security for trading and settlement.
  • DP (Depository Participant): Acts as an intermediary for account services including dematerialisation and rematerialisation.
  • Dematerialisation: Converting physical share certificates into electronic form for easier management.
  • Rematerialisation: Converting electronic securities back into physical certificates.
  • BOID (Beneficial Owner Identification Number): A unique number for each Demat account holder used for transactions.
  • Corporate Actions: Company events like dividends and stock splits affecting securities in your Demat account.
  • DP Charges: Fees for services provided by the Depository Participant.
  • Pledge: Securities can be pledged as collateral for loans.
  • Account Nomination: Appointing a nominee to receive holdings in the event of the account holder’s demise.
  • Transaction Statement: Periodic statements detailing all transactions in your Demat account.

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