How To Open Demat Account?

How to open Demat Account?

Where and how to open the DEMAT account,
In this post we will know-

DOCUMENTS required to open DEMAT account

What is the DEMAT account fee,

DEMAT Account Nomination

Let's first see-

 DEMAT account is said to be opened,
According to the Guidelines made by SEBI in India, the Demat Account service is given by two major institutions, these are both institutions,

NSDL (The National Securities Depository Limited)
CDSL (Central Depository Services (India) Limited)
If you have paid attention, you will know that PAN CARD is mainly created by NSDL in both of these organizations, and you may have heard NSDL's name first about the PAN card,

Well tell that the way you create an online application with the help of an agent to create a PAN card, and in some days your PAN card becomes,

Similarly, to open a DEMAT account, you do not need to go directly to NSDL and CDSL, and you can do the application of opening a DEMAT account with any major bank and stock broker,

And if you talk to the stock broker, then all the major stock brokers give you the facility to open a DEMAT ACCOUNT along with TRADING ACCOUNT,

To open a DEMAT account, you do not need to do anything differently, just go to a stock broker or bank and give the application, which allows you to open a DEMAT account,

List of some major banks and stock brokers which facilitate the opening of DEMAT and trading account -

Bank List to OPEN DEMAT ACCOUNT

ICICI SECURITIES LTD

STATE BANK OF INDIA

HDFC SECURITIES LTD

AXIS SECURITIES LTD

KOTAK SECURITIES LTD

And the major stock broker where DEMAT account can be opened,

ZERODHA

SHAREKHAN LTD

ANGEL BROKING PVT LTD

These lists are very small because as of now all banks are offering facility to open DEMAT and TRADING accounts,

You can find out about it by going to your nearest bank or stock broker at your convenience,

So far, you have come to understand that to open a DEMAT account, you have to go to a bank or a stock broker which facilitates opening DEMAT account,

And he has to give you the necessary documents to apply for the application and application of the account,

Now let's talk -

DOCUMENTS required to open DEMAT ACCOUNT
Whatever document document you have given along with the bank account opening form to open your bank account, the same document you have to pay for the DEMAT account also,

List of documents to open DEMAT account

Photo
Pan Card
Aadhar Card
PAN card and now the Aadhar card has been made mandatory,

Along with this you can also give other documents to confirm your address -

Employee ID

driving license

Voter id

Electricity Bill / Landline Bill

Passport

Ration card

IT Returns

Bank statement

In this way you do not have to give all the documents, for the Demat Account you will be asked for a PAN Card and Aadhar card, and if you need it, you will have to give some of the other documents, not all.

Demat Account Opening Fees

There are some fees to open a demat, which is charged by different banks and stock brokers as separate amounts, as well as after opening the Demat Account, it also has its Annual Maintatnce Charge, which will give you a demat account Instead of serving one year every year,

Whenever you go to a bank or a stock broker to open a demat account, then you need to know about the fees so that you do not have to pay an extra charge.

DEMAT ACCOUNT NOMINATION
Whenever you go to open a Demat Account, you have to enter Nominee's name on the application form, it is necessary to enter the name of the Nominee person, in the event of any accident, to transfer the nominee to the deposits in the demat account. .

If you have opened the account and have not named the nominee, then you have your bank or stock broker where your account is, contact them and fill the nominee form, in case of any accident occurring in the future. Will be very beneficial ..

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