To hold shares in electronic form, you need a Demat account. It eliminates paper share certificates. And investors can connect it to a trading account to buy and sell shares.
Today, investors can open a Demat account online. It is a digital process and only takes a few simple steps. You can also do identity checks, submit documents and verify your account online.
What is a Demat Account?
A demat account is an electronic account where shares and other eligible securities are kept.
Shares when bought are credited in the Demat account. When a share is sold off, it leaves it.
Demat accounts are maintained with a depository participant, who is an agent of a depository like NSDL or CDSL.
A Stock Trading App can link the Demat account to the trading account. It can help investors check their holdings, place orders, see prices and track their investments.
Documents for Opening a Demat Account
Prepare yourself with the details you need before you start the process.
Common documents and information:
- PAN
- Aadhaar or accepted address proof
- Mobile number
- Email address
- Bank account details
- Photograph or selfie
- Signature
- Income proof, if required for selected trading segments
KYC is a must at the time of opening a Demat and trading account. This helps to verify the identity and address of the applicant.
How to open Demat account online simple methods
1. Choose a Registered Broker
Choose a SEBI Registered Broker or Depository Participant.
See account charges, platform features, services and terms before applying.
2. Your contact details
Visit the broker’s official website or app.
Enter your mobile number and email i.d. These details will be verified thru an OTP.
3. Complete PAN and KYC Checks
Complete KYC with PAN detail.
Verification through Aadhaar, DigiLocker or other digital means can be followed as per the process of broker.
4. Link your bank account
Enter the details of the bank account you want to link.
You may have to prove to the broker that the bank account is in your name.
- Complete Identity Verification
You may be asked to upload a photo or selfie. Some platforms also require verification thru video.
This helps verify the legitimacy of the person looking for the account.
6. Review & E-Sign
Please check all information before you send the application.
Confirm your name, PAN and contact and bank details. Read terms and charges carefully.
Then you can complete the e-sign process.
7. Wait for Approval
The broker will check the details and documents.
Once approved we will let you know the details of the Demat and trading account. Then you can log in on the broker’s Stock Trading App or website.
How Paperless Verification Works
Paperless account opening means you can do all your documents and identity checks online.
However, security checks still apply.
Use the official website or app of the broker. Never share your passwords, OTPs, PINs, login details with anyone.
It is a good idea to keep the registered mobile number and email id active. Transaction alerts and account updates frequently use these channels.
Bajaj Broking Demat Account Opening Online
Bajaj Broking has a digital way to open a Demat Account.
This includes verification of contact, PAN and Aadhar, bank details, personal information and digital verification.
Its digital platform can also be used by investors for trading and account management.
If you are planning to open an account with Bajaj Broking, you can go thru the charges, services and account terms of Bajaj Broking before you complete the registration process.
Its online process is suitable for investors who want a paperless way to open and manage a Demat and trading account.
Conclusion
Open Demat Account Now Easy Digital Process
Select a registered broker, do KYC, enter bank details, verify identity and e-sign application.
Once your account is activated, you can hold shares, place trades and track your investments on the Demat Account and Stock Trading App at the same time.