- Prepare the required KYC documents like Identification Proof and Address
Proof.
- Familiarise yourself with the charges involved, including AMC and
transaction fees.
- Link your Demat account with a trading account for seamless trading.
- Register a nominee to your account for added security.
Account Types: Demat, Trading, and Demat + Trading Account.
Charges: Demat account opening is free, but there are additional
charges like AMC (Annual Maintenance Charge) and
POA (Power of Attorney).
Required Documents: PAN card, Passport, Voter ID, and more.
Types of Demat Accounts:
- Regular Demat Account: The standard option for residents, ideal
for holding and trading various financial securities like stocks, bonds,
and mutual funds.
- Repatriable Demat Account: Tailored for Non-Resident Indians
(NRIs), enabling the transfer back (repatriation) of both investment
sale proceeds and capital.
- Non-Repatriable Demat Account: Another NRI option, serving the
non-repatriable category, requiring funds (capital and profits) to
remain within India without repatriation.
- Basic Service Demat Account: Geared towards making Demat account
services accessible and affordable for small investors (such as
students), offering certain limitations and concessions to meet their
needs.
There is no online journey to open the NRI or corporate
account. If you wish to open the NRI or Corporate account, please contact us
on –
Eligibility Criteria:
- Age Criteria: Individuals aged 18 years or above are eligible to
open a Demat account. In certain cases, minors can also open a Demat
account with the consent of a guardian.
- KYC Compliance: Compliance with Know Your Customer (KYC)
regulations is compulsory. This involves submitting identity proof,
address proof, and photographs. Documents such as Aadhar cards, PAN
cards, passports, voter IDs, and utility bills are commonly accepted for
KYC verification.