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 
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  • 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