Documents Required for Opening a Demat Account

Proof of Identity

In proof of identity, a person who is willing to open a Demat account can submit either of the below documents:

PAN card also being proof of identity is a mandatory document to open a Demat & Trading Account

• Unique Identification Number (UID) (Aadhar, Passport, Voter ID card, Driving License)
• Your ration card and it should have your photograph.

Proof of Address

With respect to address proof, you can submit any one of the below documents. However kindly discuss with your chosen broker regarding the address proof documents required by them at the time of submission.

• Passport (If the document is expired, it will not be valid)
• Voters ID Card
• Bank Passbook or Cheque or Account statement
• Driving License. (If the document is expired, it will not be valid)
• Your ration card
• An insurance copy
• Any registered lease/sale agreement of your current residence

Proof of Income

Income proof needs to be submitted to trade in the Futures and Options segment. You can submit any of the below documents:

• Latest 6 Months Bank Statement, with the account holder name account number and IFSC code mentioned on the statement.
• Latest 3 Months of Salary Slip
• Net-Worth Certificate
• Demat Holding Statement/Report
• ITR Statement
• Photograph
• Cancelled Cheque
• Signature on White Paper

Attestation of Documents Needed to Open a Demat Account

Given below is a list of people who are authorized to attest to your proof:

1. Authorized officials of overseas branches of scheduled commercial banks which have an Indian registration.
2. The branch manager of any public sector Indian bank that’s situated near your residence.
3. A notary public.
4. Any court magistrate
5. A judge
6. An Indian Embassy/Consulate General in the country where you reside.

Kindly note, an NRI wanting to open a Demat Account with an Indian DP needs to choose between non-resident external/non-resident ordinary. There is a separate list of documents needed for the same.

Conclusion

Once you have these documents ready, you can open a Demat and trading account and start your investment journey.

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