Documents Required To Open Demat Account
If you wish to trade online, you will need to open a demat account. A demat account is an electronic storehouse of all your trade-related documents. This article gives you a list of mandatory documents required to open a demat account.
You can link your third-party savings account to the 2-in-1 trading account and kick start your journey on the stock market. Here are the banks whose savings accounts can be linked to the 2-in-1 stock trading account:
Documents required to open demat account
Here is a list of the paperwork you will have to submit when opening a opening a demat account
- Identity proof: Any government-registered document that has your photograph will suffice.
- Address proof: Submit any government-issued card that bears your address. You could also submit a utility bill.
- Income proof: You can submit your salary slips or income tax returns, for example.
- Bank account proof: A cancelled bank cheque will be required for this.
- PAN card
- Passport-sized photographs
List of documents required for demat account as proof of identity
As mentioned above, you can use any of the following government-issued cards for this:
- Passport
- Driving licence
- Voter’s identity card
- Aadhaar card
- PAN card
- Ration card (only if it has your photograph)
Carry any of these as your identity proof when opening your demat account.
List of documents admissible as proof of address
Next, you need to submit any one of the following as address proof:
- Ration card
- Passport
- Voter’s identity card
- Driving licence
- Bank passbook or bank statement
- Utility bills such as electricity bills or landline phone bills
- Leave and license agreement or agreement for sale.
You will need any one of these to prove your place of residence.
List of people authorised to attest demat documents
You may need to get your documents attested before you submit them. Listed below are the people who can attest the documents for you:
- For Indian residents: If you are an Indian citizen, you can get your attestation done by any bank manager, notary public, or gazetted officer.
- For non-resident Indians (NRIs): If you are an NRI, you will need to get the documents attested by the bank manager of a public sector Indian bank located in your area of residence. You can also get them attested by any notary public, judge, court magistrate, or an official of the Indian Consulate in your country of residence.
Conclusion
Keep these pointers in mind when you decide to open your demat account. As you can see, the account opening process is now quite simple. Just follow the steps and keep your documents handy. You can soon start trading through your new demat account.
Click here to open a demat account .
Also read:
- Linked savings and trading accounts
- Secure fund transfers
- Seamless trading
