Gone are the days of cumbersome paperwork! With the advent of Demat Accounts in 1996, physical share certificates were converted into electronic form, making trading quicker and more efficient. Now, let’s delve into the perks of having a Demat Account:

Convenience: Trade various investment options through a single Demat account with zero paperwork.
Restrictions with Offline Trading: Say goodbye to the hassle of maintaining and tracking physical share certificates.
Auto Sync: All transactions reflect in real-time, ensuring seamless tracking of your investment portfolio.
Security: Bid farewell to worries about the safety of physical shareholdings or fraud in offline trading.
Accessibility: Easily track and access your portfolio with just a few clicks.

1. Depository: Entities like CDSL and NSDL hold your Demat account on your behalf, similar to a bank.
2. Depository Participant (DP): Interact with depositories through agents like financial institutions, banks, or stockbrokers.
3. Portfolio Holding: Track your investment portfolio’s performance and details in real time.
4. Unique ID: Each Demat account has a unique 16-digit verification identity number for seamless transactions.

If you are opting for online KYC, it takes less than 24 hours for your demat account to become active.

1. Prepare the required KYC documents like Identification Proof and Address Proof.
2. Familiarise yourself with the charges involved, including AMC and transaction fees.
3. Link your Demat account with a trading account for seamless trading.
4. 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.