Introduction:
The first stage in investing in the Indian stock market, mutual funds, exchange-traded funds (ETFs), initial offerings of stock (IPOs), and even commodity is creating a Demat account. The good news? It only takes a few minutes and is now entirety done online.
This website will show you how to obtain an excellent broker, what documents you’ll need, and how to open a Demat account online in India.
1.What is a Demat Account?
A Demat (Dematerialized) account holds your financial securities in digital form. Just like a bank account holds your money, a Demat account holds your shares.
1.Documents Required:
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- To open a Demat account online in India, you’ll need:
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- PAN card (mandatory)
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- Aadhaar card (linked with mobile for OTP)
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- Bank account details (cancelled cheque or statement)
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- Passport-size photo (digital)
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- Signature (on white paper)
2.Step-by-Step: How to Open a Demat Account Online:
1.Choose a Depository Participant (DP):
Popular options include:
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- Zerodha
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- Groww
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- Upstox
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- Angel One
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- ICICI Direct / HDFC Securities / Kotak Securities
2. Visit the Website or Download the App:
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- Go to the broker’s official website or app.
3. Sign Up with Mobile & Email:
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- Enter your phone number and verify with OTP.
4. Enter PAN & Personal Details:
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- Insert your date of birth, PAN, and other KYC details
5. Add files:
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- Upload scanned copies of your signature, photo, Aadhaar, and PAN.
6. Verification in Person (IPV):
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- SEBI needs yourself to record a little video or take a live call.
8. Approval for Account:
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- In one to two business days following verification, you will receive an email with your Demat and trading account details.
3.Types of Charges to Expect:
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- Account Opening Fee: Usually ₹0–₹500
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- Annual Maintenance Charge (AMC): ₹0–₹300/year (depends on broker)
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- Brokerage Charges: Vary by broker and type of trade
4.Advice for Finding the Best Broker:
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- Low brokerage and fees
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- A user-friendly platform
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- Excellent client service
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- Several investing options(stocks, mutual funds, IPOs, commodities)
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- Good brand that complies with rules
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- Bonus: Do You Also Require a Trading Account?
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- Yes! Your shares are held in a Demat account, but you require a trading account (often combined) to buy or sell them.
Conclusion:
Online Demat account opening is easy, quick, and safe. Having a Demat account is necessary whether you’re investing in stocks, mutual funds, or commodities.
