ByIf you want to know what is the exact procedure to open a demat account.
You are on the right page!
Here you will get the complete procedure to open a demat account for free.
Hello, Friends welcome to another fresh article on “Multibaggercalls.com”. Here in this article, I explained the “Procedure To Open Demat Account”.
Here you will get step by step process to open a demat account.
This article is especially for new traders and investors who want to invest in the stock market and want to start investing with little money.
I will also suggest to you which is the best platform to open a demat account.
Before start, you need to understand What is Demat Account is and why you need a demat account.
Also Read:- Top 15 Multibagger Stocks For Next 10 Years.
What Is a Demat Account?
Demat account is like your bank saving account, In a bank saving account, You keep your money in digital form.
As same in the Demat account, You can keep your shares of the company in digital form.
A few years back shares keep in paper form, Which was very difficult to manage.
After digitalization, it’s very easy to keep stocks in demat account in digital form.
You can also use your demat account to keep company bonds, government securities, mutual funds, etc…
Demat account normally comes with a trading account, you do not need to open a trading account separately.
Now let’s take a look at the procedure to open Demat account.
Documents Required For Open Demat Account.
Mainly you need 2 documents (PAN & Aadhar card) to open a demat account but some stockbrokers demand some additional documents.
The list of required documents is given below:-
- PAN card.
- ID Proof. (Addar card)
- Address Proof. (Electricity Bill, Phone Bill, Ration Card, Driving License, etc.)
- Bank account details. (Canceled Cheque)
- A recent Passport Size Photo.
These are the main 5 documents required to open a Demat account, with these documents you can open a demat account with any stockbroker.
Now you can open a demat account online with minimum documents without any delay.
Let’s take a look when you open a demat account easily.
Where To Open Demat Account?
There are lots of stockbrokers available in the market even you banks offering demat account facility.
But never open demat account with banks, because the brokerage charges of banks are very high and trading platforms offered by banks are not user friendly.
You need to choose a platform like “Upstox“.
Upstox is one of the best online platforms to invest in stocks, mutual funds, digital gold, etc…
It comes with attractive features and offers like:-
- Lower commission on trading.
- User-friendly trading platform.
- Lower mainatnence charges.
- Best customer support.
Upstox charges zero commission on investing in stocks and mutual funds, If you planing for investment then Upstox is the best option for you.
Upstox’s trading platform is also available on Web/Desktop, Android, and iOS. which makes it more user-friendly.
Procedure To Open Demat Account.
The procedure to open a demat account with “Upstox” is very easy and simple.
You only need 2 documents to open demat with Upstox:-
- PAN card.
- Adhar card
If your Adhar card is linked with your mobile number then your account opening process will become easier.
You can also watch the below video for the visual experience to open a Upstox demat account.
The account opening process with Upstox is simple as a creating Gmail account, Providing some basic information you can easily complete the demat account opening process.
After submission of your application Upstox team will verify and activate your Demat account within 3 working days.
I hope now you understand what is the procedure to open demat account and where you can open a demat account. If anyone has any queries or suggestions please ask in the comment box.
Gashik
