Documents required for opening a Demat/Trading Account
In
the share market open your Trading Account, you need to have the following documents:
- Aadhaar Card
- PAN Card
- Cancelled Cheque from Active Account having Applicant Name, and IFSC Code, Account number,
- Documents detailing that the applicant earns a steady income
- Passport-sized photographs of the applicant.
- Last Six Month Bank Statement
What is Demat account?
You might have heard the word 'Demat Account' frequently in the past few years. If you’ve wondered ‘what is a Demat Account’, let’s explain it for you.A Demat Account or Dematerialised Account provides the facility of holding shares and securities in an electronic format. During online trading, shares are bought and held in a Demat Account, thus, facilitating easy trade for the users. A Demat Account holds all the investments an individual makes in shares, government securities,
Demat Account is an account that is used to hold shares and securities in electronic format. The full form of Demat account is a dematerialised account.
In India, depositories such as NSDL and CDSL provide Free Demat account services. Intermediaries, depository participants or stockbrokers.
If you are looking to start your investment journey in the stock market then open your demat account,Now there is not so much trouble, now all the bio-metric system is online, now there are many applications with the help of which you can fill the information step by step and your account will be opened. But use trusted applications.
Short for dematerialisation account, a demat account is like a bank account, but instead of storing or holding your money, a demat account holds your securities in the form of shares, debentures or bonds. This information is stored in a digital format and acts as an alternative to the physical certificates that were used previously. A Demat account provides a digitally secure and convenient way of holding shares and securities.
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