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Documents Required to Open Demat Account Online in Rourkela

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PAN Card

Mandatory

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 Rourkela

Opening a Demat account in Rourkela with Bajaj Broking offers numerous benefits. Firstly, our paperless process allows for an eco-friendly and hassle-free experience. The convenience of managing your investments online from anywhere in Rourkela ensures you stay updated and in control. Additionally, our competitive brokerage rates provide cost-effective trading, making it accessible for everyone. Our expert research team assists you in making informed investment decisions, while our diverse range of investment options helps in diversifying your portfolio. Our robust security measures ensure that your transactions and data remain secure, giving you peace of mind.

Charges to Open Demat Account Online in Rourkela

When opening a Demat account online, it’s important to be aware of the fees involved. Bajaj Broking provides free account opening with its Freedom pack. Additionally, the annual maintenance charges (AMC) are waived for the first year. We offer various subscription plans tailored to your specific needs, ensuring you get the best value for your money.

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 Rourkela

  1. Regular Demat Account: Perfect for Indian residents, this account allows you to hold and trade equities in a dematerialized form. While it typically includes annual maintenance fees, the Basic Services Demat Account (BSDA) offers a reduced fee structure, making it more accessible for new investors.
  2. Repatriable Demat Account: Designed for NRIs, this account is linked to an NRE account, enabling investment in Indian markets with the option to repatriate funds. It supports international transactions and offers the flexibility of transferring funds up to one million USD annually.
  3. Non-repatriable Demat Account: Also for NRIs, this account is linked to an NRO account and restricts fund transfers outside India. It’s ideal for NRIs who wish to invest in Indian markets without the need for fund repatriation.

Things to Know Before You Open Demat Account Online in Rourkela

  • Credibility of the Provider: Check reviews and ratings to ensure the provider is trustworthy.
  • Security of the Platform: Verify the security measures in place to protect your investments.
  • Customer Service Quality: Evaluate the responsiveness and quality of customer support.
  • Terms for Free Account Opening: Review the terms and conditions for any hidden fees or charges.
  • Brokerage Fees: Choose a broker with low fees to maximise your returns.
  • Investment Goals Alignment: Ensure the account aligns with your investment 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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