How to Open Demat Account Without Aadhaar Card
5paisa Research Team
Last Updated: 10 Jan, 2025 05:26 PM IST

Content
- What Exactly Is a Demat Account?
- How to Create a Demat Account Without Requiring an Aadhar Card?
- How to Open a Demat Account?
- Why is Aadhar Also an Important Document to register a Demat account?
- Conclusion
Not too long ago, trading in financial markets was something only the pros and insiders could do. But then the internet changed everything. Now, more and more Indians can invest in the stock market—no need for fancy certifications or piles of paperwork.
Online trading has made the whole process so much easier and more approachable. If you're ready to dive in, all you really need are three accounts: a Demat account (think of it as your digital vault for stocks and securities), a trading account (to buy and sell), and a bank account (because, well, money).
Now, here’s a common question: What if you don’t have an Aadhaar card? Can you still open a Demat account? Yes, you absolutely can! While Aadhaar is a popular choice for ID verification, there are other ways to prove your identity. So, even if you don’t have an Aadhaar card, you can still get started with online investing.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.
Frequently Asked Questions
Yes, you can open a Demat account without an Aadhaar card by providing alternative identification and address proof documents such as a PAN card, passport, voter ID, driving license, or utility bills.
You need a PAN card (mandatory), and one additional document for address proof, such as a passport, voter ID, driving license, bank statement, or recent utility bill.
Without Aadhaar, KYC is done through manual or video-based verification, where you provide original copies of your documents for verification and complete an in-person or video-based verification.
Yes, the process may take longer compared to Aadhaar-based eKYC, as manual document verification requires more time.
Yes, some depository participants offer video KYC as an alternative to physical verification, allowing you to complete the application online using alternative identification documents.