Open Demat Account Online

With Bajaj Financial Securities Limited, open free Demat Account and get one of the lowest brokerage rates with multiple unique offerings.

What is Demat Account?

A Demat Account, often known as a dematerialised account, is a one of the prerequisites for trading in securities. It is an account used to hold shares and securities that have been bought or dematerialised, thus facilitating online trading. You can hold a number of securities, like stocks, ETFs, bonds and mutual funds in your demat account.

Benefits of opening Demat Account with Us

It is Free

You can open free Demat and Trading Account through the Freedom subscription pack.

Apply in IPO

With a Demat Account, you can apply in IPO and profit from listing gains.

Access from anywhere

You can securely access your account on desktop and mobile.

How To Open Demat Account Online

The digital process of opening a Demat & Trading account has made trading much easy for all the traders and investors. It is as simple as ordering food online or shopping from any e-commerce site.
To open a Demat account, one needs to select a stockbroker who is SEBI registered and is a Depository Participant at NSDL &CDSL.

Online Demat Account Opening process:

Step 1: Visit the Demat Account Opening Form

Click open an account and start filling your application form to open online demat account. Enter mobile number and email ID and get started.

Step 2: Enter your PAN Number, basic details, address, and Bank details

Update the required basic details like PAN number which is a mandate and bank details to link with your demat & trading account.

Step 3: Upload the soft copies of KYC documents.

Once you fill all the details, you are required to upload your scanned documents for KYC purpose such as income proof, bank details, photograph etc.

Step 4: Complete In Person Verification (IPV)

In-Person Verification is a process where you record yourself for 30seconds with the intention of verifying the authenticity of your documents. While recording, keep your PAN and other documents handy with your as you need to read all the details clear and loud.

Step 5: E-sign the form using Aadhaar linked mobile number.

Do a signature on white background and upload as e-sign in the form where required along with your mobile number linked to your Aadhaar Card.

Step 6: Review & Submit the application

Check the complete application to ensure correct details and submit the application.

Documents required to open demat account:

PAN Card: It’s a mandatory document to open a Demat account. Ensure the picture and signature are clearly visible

Photo: A passport size photograph

eSignature: A running signature on a white background paper

Address Proof: Any one of these documents - Voter ID, Driving License, Aadhar Card, Passport, Utility Bill (not more than 3 months old) or last 3 months bank statement

Bank Proof: Anyone these documents - Cancelled cheque, passbook, bank statement of 6 months. Ensure clear visibility of IFSC code and bank a/c number

Income Proof: This is required only when you want to trade in Futures & Options. You can provide any one of these documents – Bank statements for 6 months,
Net-worth certificate, 3-months’ Salary slips, ITR statement, Demat holding statement or Holding report

Open Demat & Trading Account

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Demat Account FAQs

Demat Account is needed to hold the shares in digital mode. The shares are traded in stock exchange in digital mode only. So, any one who wants to participate in online share trading should have a Demat & Trading Account.

Dematerialization is the process of converting physical share certificates into electronic form.

It is just a change in the form of holding, it doesn’t lead to change of ownership.

There are mainly three types of Demat account –
1) Regular Demat Account - The Regular Demat Account is basically for investors who are Indian residents. This type of demat account doesn’t allow you to trade in F&O as its only for those who deals with requity shares.
2)Repatriable Demat Account – This Demat account allows securities to be repatriated outside the country. It is linked to an NRE (Non-resident external) bank account which allows funds (resulting from selling securities) also to be transferred outside India.
3) Non-Repatriable Demat Account – Here the securities are not allowed to be moved outside the country. This Demat account is linked to a Non-resident Ordinary (NRO) account which also does not allow funds to be moved outside the country. The transfer from NRE account for funds to NRO account is easy but the reverse is not true.

Any Indian individual above the age of 18 years can open an online Demat & Trading Account with BFSL. It is mandatory to have a PAN card, a bank account, and documents for identity and address proof.

BFSL provides you two segments to invest in which is Equities (Delivery & Intraday) and Equities Derivatives (Futures & Options).

BFSL has designed exclusive subscription packs for traders and investors with one of the lowest brokerage rates. Click here to know full details about the packs.

Yes, a Demat account can be opened jointly. It can have maximum of three holders – one main holder and two joint holders.

Yes, you can open multiple Demat accounts provided it is with different Depository Participants.

Yes, NRIs can open a demat account in India with requirement of PIS (Portfolio Investment Scheme) approval from RBI.

No, Demat account cannot be transferred. However, you can transfer the shares from one demat account to another with no change in ownership.

Yes. Demat account is mandatory to apply for an IPO in India as the shares are stored in digital or electronic form only if allotted as per SEBI regulations.

As the whole process to open a Demat account is digital now, it takes 8-12 hours to open the account once the application is submitted successfully and verified.

No, it is not mandatory to have a Demat account to invest in SIP.