Documents Required to Open a Demat Account

You need to have a soft copy of the following documents while opening a demat account online:

• Identity Proof (PAN Card Mandatory)
• Address Proof (Aadhar, Voter ID, Passport, etc)
• Passport Size Photo
• Income Proof (Latest six month’s bank statement, Latest ITR copy, Three month’s salary slip)
• Scanned copy of the signature

What Is Demat Account?

A Demat account is like a digital bank account for your investments in stocks, bonds, and other securities. It replaces paper certificates with electronic storage, making buying and selling shares faster and more secure, and simplifies managing your investment portfolio.

For example, purchased shares are directly credited to the Demat account, and similarly, shares are debited when sold. Comparable to a bank account, but specifically for securities like shares and bonds, it simplifies investment processes and portfolio management.

Eligibility to Open  Demat Account

Both residents and non-residents can open Demat accounts, with minors under 18 having theirs operated by guardians. Post-18, individuals must submit KYC documents to transition their account for independent stock market dealings, allowing direct participation in investments from a young age.

Demat Account Opening Documents

You need the following documents to open a demat account online:

• Identity Proof (PAN Card Mandatory)
• Address Proof (Aadhar, Voter ID, Passport, etc)
• Passport Size Photo
• Income Proof (Latest six month’s bank statement, Latest ITR copy, Three month’s salary slip)
• Scanned copy of the signature

You need the following self-attested copy of documents to open an account offline:

• KYC form ABFSPL.
• Identity Proof (PAN Card Mandatory)
• Address Proof (Aadhaar Card, Driving License, Passport, Ration Card, etc)
• Income Proof (3 Months Salary Slip, 6 Months Account Statement, Latest Income Tax Return Copy)
• Bank Proof (Cancelled Cheque, Passbook Copy or Bank Statement with visible Bank Account Number, MICR, and IFSC code)

Procedure For Opening A Demat Account

To open a Demat account, visit a broker’s website, provide personal details, PAN card, address, link a bank account, upload documents, select a profile and plan, complete IPV, e-sign with Aadhaar, and expect activation within 24 hours.

1. First, visit a broker’s website and click on Open an Account.
2. Fill in your Name, Email, Mobile Number, and State and click on Open an Account.
3. Fill in your PAN Card details and Date of Birth. (DOB should be as per PAN Card)
4. Select the products you want to trade-in.
5. Enter your permanent address details. 
6. Link your bank account to the trading account.
7. Enter your personal and financial details.
8. Upload account opening documents. 
9. Select the Demat Profile and Brokerage Plan.
10. Provide an IPV (In-person verification) by showing your PAN towards the camera along with your face.
11. E-sign the documents by verifying your Aadhaar with your Mobile Number.
12. Your account will be activated within 24 hours.
13. You can check the Account Activation Status here.

Documents Required To Open NRI Demat Account

Documents Required to Open a Demat Account – Quick Summary

• To open a Demat account online, you’ll need soft copies of your PAN Card, address proof (like Aadhar or Passport), passport-size photo, income proof (bank statement, ITR, salary slip), and a scanned signature.
• A Demat account digitally stores securities, replacing physical certificates, facilitating secure and swift stock trading transactions. Essential for electronic management of securities.
• Residents and non-residents are eligible for Demat accounts. Minors under 18 require guardians to operate their accounts. Upon turning 18, they can submit KYC documents for independent stock market participation.
• To open an offline Demat account, you need self-attested copies of KYC form ABFSPL, PAN card, Aadhaar/Driving License/Passport (address proof), 3 months’ salary slip, 6 months’ account statement, and bank proof (cancelled cheque/passbook/bank statement).
• To open a Demat account, visit a broker’s website, provide personal details, PAN card, address, link a bank account, upload documents, select a profile and plan, complete IPV, e-sign with Aadhaar, and expect activation within 24 hours.