Sharekhan Blog

What are the Documents Required for Opening an Demat Account?

  • Jul 11, 2023

Documentation is not an easy task; one has to be clear what are all the documents that must be needed at the time of opening a demat account. 

A Demat account is a trading account, and you will discover which papers are necessary to start a trading account. You may also open a demat account over the internet as there are multiple platforms that are offering online methods to open a demat account. You may create a Demat account with a variety of companies and financial institutions. Majority of the companies require the same documents. 

  • Identity proof

    – Identity proof is very crucial when it comes to opening a demat account. A PAN Card is a required document that every applicant must furnish. This document is not necessary for candidates who are excluded from getting PAN cards. Other identity cards, such as the Aadhar card, can also be used in this location as a document for identity verification.
  • Address proof

    - Documents containing valid address information, such as a passport, voter ID, driver's licence, flat maintenance bill, and insurance copy. Passbook or bank account statements, but they shouldn't be older than three months. Even addressing documentation in your spouse's name is acceptable. Identity cards are distributed by organisations like the federal and state governments. Documents serving as proof of address include those produced by bank managers of listed commercial banks, listed cooperative banks, or listed multinational foreign banks, as well as by a gazetteer or notary.
  • Evidence of Income

    - The papers listed below are acceptable as proof of income when opening a Demat account. You can provide a photocopy of your ITR. Photocopies of your yearly reports that have been audited by a competent CA. Proof of income in the form of a wage slip or papers proving your income. A bank account statement that reveals your earning history.
  • Bank Account Documentation

    - One of the documents required to create a Demat account is proof of a bank account. As verification of your bank account, you might present a cancelled cheque leaf. Apart from the above-mentioned documents, one also requires a number of passport size photos. You must upload or send passport-sized photos. If you establish a Demat account online, you must upload a photo to the website.

A demat account is of great importance as people can invest and trade easily. Demat account opening is an easy task if people follow the correct procedure to open their accounts. You can open your Demat account right away here at ShareKhan without facing any issues. ShareKhan offers a user-friendly platform to open a demat account.

These articles have been prepared by Sharekhan and is not for any type of circulation. Any reproduction, review, retransmission, or any other use is prohibited. Sharekhan shall not be responsible for any unauthorized circulation, reproduction or distribution of this material or contents thereof to any unintended recipient. Kindly note that this page of blog articles does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The value of the investments may be affected generally by factors affecting financial markets, such as price and volume, volatility in interest rates, currency exchange rates, changes in regulatory and administrative policies of the Government or any other appropriate authority (including tax laws), or other political and economic developments. Please note that past performance of financial products and instruments does not necessarily indicate the prospects and performance thereof. The investors are not being offered any guaranteed or assured returns. The securities quoted are exemplary and are not recommendatory. While we would endeavour to update the information herein on a reasonable and timely basis, Sharekhan, its subsidiaries and associated companies, their directors and employees are under no obligation to update or keep the information current. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of use of the trading platforms mentioned herein. The trading avenues discussed, or views expressed herein may or may not be suitable for all investors. This information is only for consumption by the client, and such material should not be redistributed.



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