DEMAT Account: How to Create A Demat Account? Documents Required For The Account Opening Process


A demat account holds your shares and other securities whereas a trading account proves to be useful while buying and selling them. While having a demat account is essential to trade or invest in the stock market, you must know about the charges associated with it. The demat charges include AMC, custodian fees, account opening charges, and transaction charges. To open a demat account you need the assistance of a SEBI-registered broker. 


Compare the brokerage, get an idea about their UI through user reviews, and analyse their support services, and credibility before opening a demat account. It is possible to open a demat account online by visiting the website of a broker. After visiting the website, you can fill an online account opening form and submit the necessary documents along with it. The broker will verify your documents via video conference or schedule an in-person verification round. 


Once the documents are verified, you will be asked to sign the contract documents. Go through them carefully as the duties and rights of both investors and brokers are detailed in them. Sign the contract documents online by uploading your digital signature and once all these formalities are over, your demat account number or BO (Beneficiary Owner) ID will be sent on your registered email address. 



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