Open Demat Account Online

Opening a Demat account online has become possible today in a few clicks. Several services today are accessible through internet and mobile apps. Stock Trading is no different. Many stockbrokers provide the ease of share market trading through web and mobile applications. It is also much easier to open a Demat Account online through stockbrokers. Demat account opening journey takes 5 to 10 minutes and can be completed from the comfort of home.

To open a Demat account online, stockbrokers give online account opening form, also referred to as EKYC. Here, you enter your personal details, bank information, and esign the form through Aadhar linked mobile number. The form is sent for verification and matched with the details in your proof documents, like PAN & Aadhar Card. In case there is no difference in details, the application is approved and login details for the Demat Account is shared on your registered email id & mobile number. It is suggested to keep the soft copy of documents handy before proceeding to open a Demat account. These documents include proof of address and proof of identity. Also note that to open a Demat account through the online process, you must esign your form by submitting the OTP received on Aadhar linked mobile number.

BFSL Open Demat Account Features

Opening Charges Free*
Brokerage Charges Rs. 5/ order*
Application Process Online within 15 minutes
Demat AMC Free
Trading Products Equity/ Derivatives/ MTF

Although the major advantages of opening a Demat Account with BFSL is outlined above, it will be necessary to highlight the features of BFSL as a product.
Here are a few features to know about BFSL Demat Account:

  • Fully Online

  • BFSL offers Demat & Trading account through 100% online account opening journey

  • Free Account

  • One can open demat account through BFSL’s Freedom Subscription plan

  • Web & App Access

  • An account holder is provided a web platform and an app to access the account details. BFSL’s app is called Bajaj Securities App and is available on Playstore and Appstore.

  • Low Brokerage

  • With BFSL Demat & Trading Account, one gets to enjoy lower brokerage rates in the industry.

  • Margin Trade Financing

  • BFSL Demat & Trading Account holders get the facility of Margin Trade Financing (MTF). This is a feature that makes it possible to buy stocks of higher value than available funds.

  • Multiple Products

  • With BFSL Demat and Trading Account, one can invest in shares, equity Futures and Options, ETFs, Bonds , IPO.

Subscription plans of Bajaj Financial Securities Limited (BFSL)

Every individual has different way of participating in the stock market. Some prefer to buy shares for long term while some like to take positions in intraday. There can be difference in the instrument used for trading as well, like some preferring equity while some taking more interest in derivatives. In any case if a stockbroker provides customised plans that benefit the investors basis different style, it will be of great value. Bajaj Financial Securities Limited provides 3 subscription packs with unique benefits. Below are the details:

Pack Name Brokerage (Intraday & Futures -Options) Margin Trade Funding Interest Rate Subscription Charge
Freedom Pack Rs. 20 per order 18% p.a. Free for 1st year, 2nd year onwards- Rs.431 p.a.
Professional Pack Rs. 10 per order 12.5% p.a. Rs. 2500 p.a.
Bajaj Privilege Club Rs. 5 per order One of the Lowest MTF Interest Rates Rs. 9999 p.a.

Why Open a Demat Account with BFSL?

When it comes to choosing a company to open a Demat Account, one often thinks what the basis should be to make such judgment. There could be several points to consider, however, the foremost point should be whether the company is reputed and has credibility. After all, it’s your hard-earned money that you will invest through their Demat Account.
Here are the key reasons as to why one should open a Demat account with BFSL:

  • BFSL is Registered DP

  • Bajaj Financial Securities Limited is a registered Depository Participant (DP) with CDSL and NSDL & registered with NSE (National Stock Exchange), BSE (Bombay Stock Exchange) and SEBI (Securities & Exchange Board of India) as Stockbroker.

  • 100% Subsidiary of Bajaj Finance Ltd

  • BFSL is a 100% subsidiary of Bajaj Finserv, which has an established legacy of trust and credibility in Indian financial market

  • Robust Customer Support

  • BFSL has a strong customer support ecosystem to help the demat account holders make the best use of their accounts

  • Latest Updates

  • With an inclination to technological innovations, BFSL constantly upgrades its product to offer users the best that is available in the market

  • Nation-wide presence

  • Bajaj Financial Securities Limited has an extensive presence on the ground with various branches in major cities. This gives an additional point of contact to users apart from the existing digital ecosystem.

Benefits of Demat Account

A Demat account helps to store all the shares and securities, such as Bonds, ETFs, mutual funds, etc. you’ve purchased in the stock market. If you wish to trade and invest in the share market, it is compulsory to have a Demat account. Also, it is mandatory to have a Demat account to apply in IPO.

Mentioned below are some of the benefits of Demat Account, offered to investors in the financial market ecosystem:

  • It helps store Shares, Mutual Funds, ETFs, Bonds, etc. in digital form
  • Financial Instruments remain safe and secure in Demat Account compared to paper-based securities certificate, which have the risk of damage or theft
  • It is faster to transfer shares through Demat Account as the process in fully digital
  • Demat Account holders can apply in IPO (Initial Public Offering). It is mandatory to have a Demat Account to apply in any IPO.
  • Dematerialization - This is the facility where a physical share certificate can be converted to digital mode and stored in demat account
  • Rematerialization – Using this, shares in digital form in demat account can be converted back to paper certificates
  • Off-Market Transfer – Demat Account holders can transfer shares to each other without going through the route of the share market. Such transfers are called off-market transfer.
  • Pledging – Using this feature, a demat account holder can get trading limits by giving shares held in the demat account as security

How to Open Demat Account Online

Now that we are aware about the features and benefits of Demat Account, the next question is how to open one. There are various companies that are Depository Participants where you can open Demat Account. Most of them have the same process however the interface or user experience might vary. The process to online demat account opening entails a user to provide basic details and relevant proof documents. You can open free Demat Account online today within a few minutes.

Here are the steps to Demat Account Opening Online:

Step 1: Select the company for opening a Demat Account and visit their Online Account opening link.

Step 2: Provide your name, email address and PAN details.

Step 3: Add your address proof as per the address proof document.

Step 4: Mention your bank details as this bank will be linked to your Demat Account.

Step 5:Upload the soft copy of your documents like PAN Card, Aadhar Card, Photo, Signature.

Step 6: Record a short video of yourself to complete in person verification.

Step 7: E-sign the application through Aadhar linked mobile number and submit the application.

Step 8: After successful verification, Demat Account will be opened.

Documents Required to Open a Demat Account

Opening a Demat Account is a quick and smooth journey. Now that all companies are providing online account opening, it is just a matter of few clicks. However, if you are going to open a Demat Account for the first time, it might save you time if you have the necessary documents handy. Here we share the list of documents required to open a Demat Account:

  • PAN Card
  • Recent photograph
  • Proof of Address – Aadhar Card, Voter ID, Passport, Driving License (Any one document)
  • Signature on white paper
  • Bank Details – Many brokers do an online validation of your bank account through penny drop process, where Re1 is deposited in your bank a/c to check bank’s active status and verification of account holder name. If this fails, one may have to provide a document for bank proof. Acceptable bank proofs are: Cheque (with account holder’s name printed), passbook, bank statement bearing account holder’s name.

Things to Know About Opening a Demat Account

Opening online Demat Account is a simple and hassle-free process. And every company offering demat account is taking initiatives to make the process even simpler and faster. There are few interesting things that you should know about Demat Account:

  • PAN card is mandatory to open a Demat Account
  • You cannot open two demat accounts with the same Depository Participant (DP) using the same PAN Card
  • When your Demat Account opens, you will receive a DP ID which is your identification number
  • It is mandatory to have a Demat Account to apply in IPO.
  • Technically, a Demat Account is different from. If you just have a Trading Account, and no Demat Account, you cannot buy any shares under delivery trading. However, you can trade in Futures & Options and Intraday.
  • A Demat Account holder can appoint a nominee for his/her demat account

Open Demat & Trading Account

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Frequently Asked Questions On Demat Account Opening

Open Demat & Trading Account online with us for below benefits-

  • Get a free account through Freedom subscription pack
  • Complete online process of account opening
  • Account can be accessed through web and app (Bajaj Securities App)
  • Low brokerage rates
  • Subscription packs to reduce brokerage & Margin Trade Funding interest rate
  • Robust service ecosystem

Demat Accounts can be categorized into various types as below:

-Single Holder Demat Account: A demat account with single account holder, generally an individual

-Joint Holder Demat Account: A demat account with multiple account holders

-Corporate Demat Account: A corporate entity can also open a demat account, their demat account is called a Corporate demat account

Demat Account can be opened for free. Some Depository Participants (DPs) might charge a nominal account opening fee. Along with it, some DPs might charge an Annual Maintenance Charge (AMC). With Bajaj Financial Securities Limited, one can open Demat & Trading Account free of cost through Freedom subscription pack.

To open a Demat Account, below documents are required:

- PAN Card

- Recent photograph (some brokers will ask for LIVE photograph)

- Cheque (if online validation of bank account is successful, this may not be required)

- Proof of Address document – It can be any one from these - Aadhar Card, Voter ID, Driving Licence, Passport

Basis on whether you want to register as an individual or a corporate or in partnership with another individual, you can open below types of Demat Accounts:

-Single Holder Demat Account

-HUF Demat Account

-Joint Holder Demat Account

-Corporate Demat Account

To open a Demat Account with Bajaj Financial Securities Limited, one must meet the below criteria:
  • An Indian citizen resident in India
  • Be above the age of 18 years
  • Have a valid PAN card
  • Have valid proof of address

Yes, nomination facility is available in Demat Account. Every Depository Participant (DP) provides the feature to add nominee to Demat Account. Nomination is voluntary and non-compulsory. A Demat holder can change the nominee anytime by contacting the DP and completing the necessary formalities.

Yes, you can open multiple demat accounts but only under the below conditions:
  • You can open one demat account with a DP only once using the same PAN card
  • You can open multiple demat accounts with each with a different DP using the same PAN card

Yes, joint demat accounts can be opened with any Depository Participant. The account holders have to furnish the necessary KYC documents.

In the present time, all companies offer Demat and Trading Account. However, technically speaking, if there is a separate Demat Account and Trading Account of the same user, the same can be linked by following the necessary formalities.

Yes, technically, it is possible to open a Demat Account without opening a Trading Account. However, most companies today provide Demat & Trading Account.

The shares held in a demat account can be transferred to other demat account. The ownership of a Demat Account cannot change. A Demat Account holder can appoint a nominee to his/her demat account, who will be entitled to receive the assets held in demat account in case of a demise of the account holder.

Yes, it is compulsory to have a Demat Account to apply for an IPO in India. While filling the IPO application, it is mandatory to enter the Demat Account number to submit the application.

Demat Account is not required for an SIP in mutual funds. However, if you want to initiate a stock specific SIP, which is a facility being provided by many stockbrokers today, you will need a Demat Account.

Demat Account can be used to hold various types of securities, like- shares, mutual funds, bonds, ETFs.

Yes. In Demat and Trading Account, there is a ledger which holds the money transferred from bank account to the trading account. This money can be withdrawn by placing a withdraw fund request on the demat and trading application. Basis the broker, the fund transfer might take some time as it is subject to clearance from Risk Management team. In case you have some outstanding payments to make, you might not be allowed to withdraw fund until the outstanding is settled.

Yes, you can apply for IPOs using a Demat Account. In IPO application, one has to enter the Demat Account number to submit the application.

Yes, it is possible for an NRI to open a Demat Account in India. However, they need to have a Portfolio Investment Scheme approval from SEBI. The PIS helps NRIs to purchase and sell shares on the stock exchange in India.

One of the major reasons to have a Demat Account is to hold your investments electronically.Other than this, there’s also some aims and objectives for opening a Demat account.

  • Easy transfer of shares – For easy buying and selling of shares through a Demat account.
  • Safeguarding securities – There’s often a risk attached to physical share certificates of getting damaged or misplaced. A Demat Account negates that risk and allows you to safely store your securities.
  • Safeguard from frauds – Unlike physical share certificates that could be subject to forging and fraud, digital share certificates are safe from such risks. This makes share trading safer.

A Demat account is the abbreviated form of dematerialized account. It is used to hold your shares and securities in an electronic form. It is mandatory to have a Demat account in India if you wish to trade and invest in the share market.