03-02-2022, 04:36 PM
A Demat account allows you to hold your shares and other securities digitally. It makes the buying and selling process easy. It will help you convert your Physical Securities into electronic forms that will be easy to maintain. You can Dematerialization & Rematerialisation of Securities and other Corporate Benefits. The SEBI has made it mandatory to open Demat accounts who want to invest in the Share Market.
To open a Demat account, you need to submit documents to the service provider. These documents will help you complete your KYC and activate your Demat Account.
For Identity proof, you need to submit any of the following-
Aadhar card.
PAN card.
Voter card.
Driving license.
For Address proof. Any of the following documents you need to submit-
Electric bill.
Telephone bill.
Passport.
A Bank passbook is also required to authenticate your Bank account proof.
According to the Securities and Exchange Board of India (SEBI), PAN Card is mandatory to open a Demat account.
Although several charges start from a Demat account opening to the annual maintenance of the account, you just need to choose the Depository Participant. We also consider factors such as reliability, add-on services, and utility provided by the service provider. So before opening a Demat account, properly research every factor.
To open a Demat account, you need to submit documents to the service provider. These documents will help you complete your KYC and activate your Demat Account.
For Identity proof, you need to submit any of the following-
Aadhar card.
PAN card.
Voter card.
Driving license.
For Address proof. Any of the following documents you need to submit-
Electric bill.
Telephone bill.
Passport.
A Bank passbook is also required to authenticate your Bank account proof.
According to the Securities and Exchange Board of India (SEBI), PAN Card is mandatory to open a Demat account.
Although several charges start from a Demat account opening to the annual maintenance of the account, you just need to choose the Depository Participant. We also consider factors such as reliability, add-on services, and utility provided by the service provider. So before opening a Demat account, properly research every factor.