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Demat Account Opening Process | Motilal Oswal

What is a demat account? A demat account helps investors hold shares and securities in an electronic format. This kind of account is also called a dematerialised account. It also helps to keep proper track of all the investments an individual makes in shares, exchange-traded funds, bonds, and mutual funds in one place.

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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 tool that enables one to change physical shares while also maintaining their electronic form. Much as we require a bank account for our online transactions and to save our money, a Demat account is necessary when you need to trade or hold/store stocks, securities, or other investments related to the capital markets. Shares can be acquired and sold using the Demat account both offline and online. Trading on the stock markets requires a Demat account, which holds all electronic certificates of financial products and performs comparable activities to our bank account.

  3. Demat Account Opening Process Following are the online demat account opening process : • Select a Depository Participant: You can select the DP that best meets your needs after analysing the features and services offered by various DPs. • Fill the application form: To open a new demat account, an application form must be filled out. A PAN card, documents proving your identity and address, financial details, and other KYC documents are also required.

  4. Verification process To ensure ethical and legal trading and allay any concerns you may have about maintaining a demat account and the various duties it performs, you will be provided with a set of laws and regulations. The DP will personally verify your identification and your KYC records. The expenses related to opening a demat account must be paid by you. The price is based on the DP's current policy. The cost varies amongst DPs. •  Final approval Your new demat account will be opened once all necessary procedures have been followed and your documents have been reviewed. Also, the account's unique identification number will be given to you.

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