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Documents required to open Demat account in Pune

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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 Pune

  • 1

    Stock Market Access

    Effortlessly buy and sell shares electronically, making it essential for online trading on Indian stock exchanges.

  • 2

    Secure and Convenient Holding

    Safely hold your securities, eliminating risks associated with physical certificates like loss, theft, or damage.

  • 3

    Lower Transaction Costs

    Enjoy lower transaction costs and paperwork with modern brokers like Bajaj Broking, enhancing your trading experience.

  • 4

    Easy Tracking and Monitoring

    Easily track and monitor your investments online, making informed decisions based on real-time market data.

  • 5

    Effortless Operations

    Automatic updates for corporate actions such as dividends, stock splits, and bonus issues, simplifying the investment process

  • 6

    Diversified Portfolio

    Access various financial instruments like stocks, bonds, and ETFs, offering broader investment opportunities and better risk management.

Charges to open Demat account online in Pune

Understanding the fees is essential when opening a demat account online in Pune. Bajaj Broking offers free demat account opening with the freedom pack, and the annual maintenance charges (AMC) are waived for the first year.

Explore various subscription packs tailored to your needs. For frequent traders, the Bajaj Professional pack provides trading in all segments at ₹10 per order, significantly reducing brokerage fees.

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 Pune

 

Regular Demat Account:  Ideal for Indian residents, this account enables the holding and trading of equities in a dematerialized format. While it usually comes with annual maintenance charges, the Basic Services Demat Account (BSDA) offers a free option with reduced or no fees, making it more accessible for new investors.

Repatriable Demat Account:  Designed for Non-resident Indians (NRIs), this account is linked to an NRE (Non-resident External) account. It allows for investments in the Indian stock market and facilitates fund transfers back to the resident country, with an annual repatriation limit of one million USD. This account is ideal for NRIs needing a flexible trading account for both local and international transactions.

Non-repatriable Demat Account:  Also for NRIs, this account is linked to an NRO (Non-resident Ordinary) account and restricts fund transfers outside India. It suits NRIs who wish to invest in Indian markets without repatriation needs, simplifying the online demat account opening process for domestic investments.

Things to know before you open Demat account online in Pune

  • Credibility of the Provider: Check the provider's reputation by reviewing ratings and customer feedback.
  •   Security of the Platform: Ensure the platform has robust security measures to protect your investments.
  • Customer Service Quality: Evaluate the quality and responsiveness of customer service through available support channels.
  • Terms for Free Account Opening: Review the terms and conditions for free account openings, noting any future fees.
  •  Brokerage Fees: Choose a broker with low fees to minimize trading costs and maximize returns.
  • Alignment with Investment Goals: Ensure the demat account matches your investment objectives and long-term goals.
  • Effective Management: Understanding these factors helps manage your demat trading account better, leading to more informed investment decisions.

Common Terms of a Demat Account

  • ISIN (International Securities Identification Number): A unique 12-character code assigned to each security for its identification during trading and settlement processes.
  • DP (Depository Participant): An entity that acts as a bridge between the investor and the depository, assisting with services such as opening accounts and converting securities between physical and electronic forms.
  • Dematerialization: The procedure of transforming physical share certificates into electronic format for easier handling and trading.
  • Rematerialization: The process of converting electronic securities back into their original physical form.
  • BOID (Beneficial Owner Identification Number): A unique 16-digit identifier assigned to each demat account holder, used for all transactions within the depository.
  • Corporate Actions: Company-initiated events affecting its securities, like dividend payments, stock splits, mergers, and rights issues, with benefits automatically credited to the demat account.
  • DP Charges: Fees charged by the Depository Participant for various services, such as the custody and transfer of securities.
  • Pledge: The use of securities within a demat account as collateral for securing loans, allowing investors to obtain funds without selling their holdings.
  • Account Nomination: The process of designating a nominee for the demat account to ensure seamless transfer of assets in the event of the account holder's death.
  • Transaction Statement: A regular statement provided by the Depository Participant, detailing all transactions conducted in the demat account, helping investors keep track of their investments and activities.

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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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