Know All About Demat Account Opening Here

1. Know All About Demat Account Opening Here! Saving and investing play a significant role in our lives. As more and more people are being educated, they are understanding the importance of investing money for a stable life. In India, we have seen a lot of activity in the stock markets over the previous few years. Technology has included common people who were left out of investing in stocks, making it more accessible to everyone. Are you also considering starting investing? If you haven't started you should start investing today. When we think of financial asset investment, a complex process comes to our mind immediately. However, things have changed a lot lately. Now you can open demat account in just a few minutes. The process is very simple to understand and execute. In this article, we are going to tell you all about Demat account opening exclusively here. Scroll through the whole article, to know how to open demat account. Follow these simple steps and start investing now! 1.Select a Depository Participant (DP): The first thing you need to do is select a Depository Participant. You can find them on the list of registered DPs provided by depositories such as National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL). There are several apps and websites also which provide this facility. You can find them on the Internet easily. 2.Visit the DP's platform: Now that you have chosen a depository participant, visit the website or download the app of the chosen DP and find the 'Open Demat Account' or 'Register' button. 3.Fill up the online application: You have to fill up an online application form for opening an account. The form will ask for your personal details such as name, address, PAN card number, Aadhaar card number, and bank account details. 4.Upload documents: Now you will be asked for the documents mentioned below. You need to upload scanned copies of the following documents for opening a demat account: ●Identity proof: Any identity proof like a PAN card, Aadhaar card, passport, driving license, voter ID card, etc. will work.

2. ●Address proof: You can submit any of these as your address proof: Aadhaar card, passport, driving license, voter ID card, utility bills, bank statements, etc. ●Passport size photographs. 5.E-signature: As you don't require to visit any office, you need to provide your e- signature. You can e-sign by using Aadhaar-based e-KYC or through a digital signature. 6.Video KYC verification: As per SEBI guidelines, a video KYC (Know Your Customer) verification is mandatory for opening an online demat account. The DP will send you a link to initiate a video call for verification. You need to keep your original documents mentioned above ready for verification during the video call. 7. Payment of fees: That's the last step for successfully demat account opening. You need to pay the fees and annual maintenance charges (AMC). The fees vary from platform to platform. Some may charge you high and some charge fairly. 8.Receive account details: Congratulations! Your Demat account has been opened. Soon, you receive a welcome kit. It contains all important account details such as the demat account number, trading account number, and login credentials for accessing the account online. We hope that you find this article useful. Happy Investing!