How to Open Demat Account ?

with 5paisa

Published: 04 Jan 2023

What is a Demat account?

Demat accounts, or dematerialised accounts, allow you to hold shares of a company electronically.

Factors to consider for Opening Demat Account

1. Ease of Opening an Account 2. User-Interface 3. Account opening charges

1. Free account using 5paisa. 2. No brokerage fees, won't have to pay for a Demat account. 3. Easy-to-use interface making best free Demat account on the market.  4. Regular updates on the latest investment opportunities.

Why Open Demat Account with 5Paisa

1.    Visit 5paisa's website to Open a Demat Account.-- Click on link below 2.    Enter your phone number and click on “Open account Now.” 3.    Insert the verification code you received & click on the “Apply Now” button. 4.    Enter your email address & the verification code sent to your inbox.

How to Open Demat Account on 5paisa Website?

5.    Enter your PAN number and date of birth, and click on “Proceed.” 6.    Complete the E-KYC (Know Your Customer) process 7.    Complete the Verification Procedure uploading a selfie in real time. 8.    E-sign the form to complete your account opening procedure.

How to Open Demat Account on 5paisa Website?

Documents Required for Demat Account

●  Proof of identity: Voter's ID, Aadhaar card, PAN card, passport, or driving licence ●  Proof of Address: Ration card, electricity bills, telephone bills, property tax receipts, passport, bank passbook, voter's ID, or Aadhaar card ●  Proof of Income: Photocopy of the Income Tax Return (ITR), recent salary slip, bank A/C statement of the current bank, or cancelled personalised cheque.

What are the charges to open a Demat account?

AMCs, physical statements, and costs involved in dematerialisation and rematerialisation are some of the charges associated with Demat accounts.

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