Demat Account: Nowadays there is a huge decline in the stock market and the stock market is constantly in the lower range. In such a situation, there are many heavyweights stocks that you are getting at very low rates. To invest in the stock market, it is necessary to have a demat account and if you do not know how to open it, then here you will get all the information.
How to open Demat account
Any person above the age of 18 years can open a demat account online. To open a demat or trading account digitally, first decide through which company or brokerage firm you want to open this account. Demat account can be opened online or in physical mode. For demat account, you can open an account with a brokerage company or stock broking firm.
what documents will be needed
For this, you will have to submit documents of PAN, a bank account, your identity card and address proof.
Here is the process to open demat account online
Visit the website of the broker you have chosen earlier and fill up the digital form to open an account. In the form, you have to enter name, address, permanent account number and details of the account which is to be linked to the trading or demat account. You will also need to select the most suitable plan for you right here.
Requirements to open a trading account
Scanned copy of Aadhar, canceled check and PAN needs to be uploaded in the form here and scanned signature may also be required along with your photograph. Once the information is submitted, after the scanned document and in person verification, your demat and trading account is opened.
What is SEBI order
SEBI has ordered that for all types of share trading, it is necessary to open a demat account through physical or online mode. To invest money in the stock market, a demat account is required and how it can be opened, you can know here.
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