Demat Account Opening Requirements
Demat account opening requirements’ awareness is a must if you plan to open a demat account, needed for trading and/or investing in Indian stock markets.
Having a PAN card and savings bank account are mandatory requirements for demat account opening. As a security measure your bank details are required as part of demat account opening. The dividend/warrants issued by the companies will have your name printed on it so that it cannot be misused by another person.
It is not a requirement to be major for demat account opening. A demat account in the name of a minor can be operated by a guardian till the minor becomes major.
Procedure of demat account opening Following is the procedure for demat account opening
Now that you are aware of the demat account opening requirements fill out the form to get best offers on demat account opening.
Having a PAN card and savings bank account are mandatory requirements for demat account opening. As a security measure your bank details are required as part of demat account opening. The dividend/warrants issued by the companies will have your name printed on it so that it cannot be misused by another person.
It is not a requirement to be major for demat account opening. A demat account in the name of a minor can be operated by a guardian till the minor becomes major.
Procedure of demat account opening Following is the procedure for demat account opening
- Select a Depository Participant (DP) registered with SEBI based on your convenience and demat account opening charges. Most of the stock brokers & banks provide depository services.
- Fill up your details in the demat account opening form (DAO form) provided to you by your chosen DP.
- Include copies of demat account opening documents as mandated by SEBI.
- Show original PAN card during demat account opening for verification along with a photocopy.
Now that you are aware of the demat account opening requirements fill out the form to get best offers on demat account opening.