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Demat Account Opening Process | Motilal Oswal

Managing your finances such as equity or debt can be a hassle, given the tasks you perform every day. Thankfully the Depository Act of 1996 has made it easier for everyone to manage their financial securities in a few clicks. Instead of receiving physical copies of shares or other securities, a demat account helps you to leverage the benefits of an online trading platform where you hold your financial security on a standardised electronic system.

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Demat Account Opening Process | Motilal Oswal

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  1. Demat Account Opening Process What is Demat account? demat account opening process

  2. What is Demat account? • A Demat account is a medium by which an individual can convert and also retain the physical shares in their electronic format. Just the way we need a bank account for our online transactions, and to store our money, a Demat account is necessary when you have to trade or hold/store stocks, securities or other capital market-related investments. One can use the Demat account for offline and online buying and selling of shares. Just like our bank account, the Demat account holds all the certificates electronically, of the financial instruments and one cannot trade in the stock markets without opening a Demat account.

  3. Demat Account Opening Process Following are the online demataccount opening process: • Select a Depository Participant: After comparing the features and services provided by several DPs, you may choose the one that best suits your requirements. • Fill the application form: An application form must be completed in order to open a new demat account. You must also submit a number of KYC papers, including proof of identity, proof of address, a PAN card, bank information, and personal information.

  4. Verification process To ensure ethical and legal trading and to allay any concerns you may have about maintaining a demat account and the various purposes it serves, you will be provided with a list of rules and regulations. The DP will verify your identity and your KYC documents in person. All fees related to opening a demat account must be paid by you. The cost is determined by the DP's current policy. The cost varies amongst DPs. •  Final approval Your new demat account will be opened after your documents have been examined and all necessary procedures have been followed. The account's unique identification number will also be provided to you.

  5. Thank You

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