how to open demat account?

Question

which bank . capital required.how it works

Answer 1

Hi
For opening a demat account, no capital is required, as many of the Depository Participants(DP's) do it for a nominal charge(even some of them do it free).
Only things you would be requiring are:
1. Proof of Identity
2. Proof of address
3. PAN.

(PAn would work as a proof of id normally). You can approach any of the DP's listed in NSDL or CDSL websites with the above mentioned documents and the first year charge(varies from 100-600 among DPs).

Within 15 days of submitting the form you will be allotted a Unique DP Id-Client Id number which is your account number. You can start applying for shares or transfer in your shares from other DP's or purchase shares from a broker or even apply for mutual funds, bonds etc.

It works almost the same way as a bank account works for cash. Only difference is that here it is securities, where as in a bank account it is the cash.

Answer 2

Open Demat Account Online

Answer 3

Hello,

There are certain mandatory documents required for opening a Demat Account

1.PAN Card (Permanent Account Number): You are required to provide a self attested photocopy of your PAN card.

2.Address Proof: You’d be required to provide proofs of correspondence and permanent address. Your correspondence and permanent addresses could either be same or different. If your correspondence address is different from your permanent address, then you’d have to give a proof for each of the addresses.

However, if you are already KYC compliant then PAN card and Address Proof is not required.

3. Photos: Passport size photos would be required to open an account. The number of photos required will depend on what kind of account you are opening.

4. Cancelled cheque : An original cancelled cheque is required to confirm your Bank Account . A cancelled cheque leaf would look something like this:


Zerodha,India’s Largest Discount Broker offering Equity Investments for Free and Rs.20 or 0.01% whichever is lower per executed order for all other Products (Futures,Options,Commodities and Currencies).Check their Brokerage Calculator.


To open Account in Zerodha, Follow this Link https://www.zerodha.com/open-account

Answer 4

Select a DP of your choice and then, open your Demat Account either online or by downloading an Account Opening Form.



To open your Demat Account, you first need to select a Depository Participant, or DP, of your convenience. CDSL has a host of top-notch DP's spread across the length and breadth of the country. Use our search engine below to find a DP who is located closest to your home or place of work.

Once you make your selection, you will be taken to an informative page of your chosen DP.

Answer 5

Hi,

In India, shares and securities are held electronically in a dematerialized account, instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker). The Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder will have a Dematerialized account for the purpose of transacting shares.For More Details Visit: http://www.rsec.co.in/

Answer 6

Go now to Indian Bank It is opened free of cost for a limited period. PAN card is Mandatory.

Answer 7

It's very simple . Go to any of the reputed stock broking co's like,1.Integrated enterprises(india)ltd-reliable,efficient,guide u properly. .www.iepindia.com
2. karvy stock broking ltd. www.karvy.com
3. i.l.f.s & some of the banks also do it .
u also will have to get ur pan card, which is compulsory for becoming member & trading ,which the above stock broking co's do it . i would suggest Integrated enterprises ,they are specialised in this for so many years.

Answer 8

it is very simple. approach a nationalised bank. nothing to worry

Answer 9

any authorized bank will do it if you have PAN no.

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