Features
How to Open a Demat Account?
Step 1: Visit the official website and navigate to the Demat account section.
Step 2: Choose the type of Demat account you want to open.
Step 3: Enter your personal details and provide your bank account number, IFSC code, and a cancelled cheque. If the penny drop fails, you need to upload bank proof manually.
Step 4: Submit scanned copies of your PAN card and Aadhaar card and a photograph of your signature on white paper.
Step 5: Complete the KYC verification process online using Aadhaar-based e-KYC or by submitting physical documents at the nearest branch.
Step 6: Use the Aadhaar-based OTP to e-sign the application form.
Step 7: You will receive an acknowledgement receipt with a reference number to track your application status.
Step 8: Once your application is processed and verified, you will get your Demat account details via email and SMS.
Features of Demat Account
- Secure Holding: It safely holds shares, bonds, mutual funds, and other securities, eliminating the risk of theft or damage that comes with physical certificates.
- Easy Transfer: You can electronically transfer shares, allowing faster and more efficient trades.
- Nomination: A Demat account allows you to nominate someone who will inherit your securities in unforeseen circumstances.
- Consolidation: It helps consolidate all your investments in one place, making it easier to manage your portfolio.
- No Stamp Duty: Since securities are in digital form, there’s no need to pay stamp duty on transfers.
- Loan Collateral: Securities in your Demat account can be pledged as collateral for loans.
- Online Convenience: The entire Demat account opening process is conducted online, eliminating the need for any physical paperwork.
- Investment Monitoring: Monitor your investments and access account statements at any time through NetBanking or the mobile application.
- Diverse Investment Options: Your Demat Account can hold an array of securities, such as stocks, mutual funds, bonds, ETFs and non-convertible debentures.
*Open your Demat account with just a few clicks through HDFC SKY or InvestRight