Documents Required to Open a Demat Account - The Only Dull Task of Investing Mad

1. Documents Required to Open a Demat Account - The Only Dull Task of Investing Made Easy To most investors, investing is an adrenalin-pumping activity. But opening a Demat account can be a tedious process. This is because of the countless forms that you have to fill in and documents that you will have to arrange. Opening a Demat account can really get boring and irritating when you don’t have a list of the documents required to open a Demat account. So, the only way to make opening a Demat account easy and fun is to be prepared with a list of documents required to open a Demat account. [Read More: How to Open a Free Demat Account] But before we proceed further, let us quickly understand why you must open a Demat account? A Demat account is compulsory if you want to buy or sell shares in the stock market. But a Demat account is not only for shares. It also stores other financial assets like – Equities Mutual funds Corporate bonds Government securities Exchange Traded Funds • • • • • With the interest rates on bank fixed deposits not even beating inflation, it becomes essential for you to open a demat account. Investing offers multiple investment options for all types of investors. A conservative investor can choose a balanced approach and invest in debt and equity. This would safeguard the capital and generate inflation beating returns. If you are an aggressive investor, then you can trade in stocks using a Demat account. [Read More: 4 Best Investments to Beat Inflation & Earn Higher Returns] With the basics covered, here’s a quick checklist to find out the list of documents required to open a demat account. 1.PAN card – This is mandatory for every investor. 2. Proof of Identity Aadhaar card, or Passport, or Election Id. • • • 3. Proof of Address Aadhaar card Ration card with address Telephone bill in your name Electricity bill in your name • • • • 4. Proof of bank Bank account statements for the past six months Passbook • •

2. 5. Income Proof Income Tax Returns (ITR) copy Salary slip Personalized cancelled cheque Documents substantiating ownership of assets • • • • 6. Passport-size photographs