Know the account opening procedure in detail by visiting this page.
PAN Card is mandatory for Demat Account Opening.
Aadhaar Card, Passport, Voter ID, Driving Licence.
Bank Statement or ITR (Required for F&O and Currency Trading)
Bank Account Number, IFSC Code Or Cancelled Cheque (that captures the MICR Code)
Upload the photo of your signature, while completing your demat account opening process.
Bank Statement or ITR (Required for F&O and Currency Trading)
Bank Account Number, IFSC Code Or Cancelled Cheque (that captures the MICR Code)
Upload the photo of your signature, while completing your demat account opening process.
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The stock market is an old establishment that has existed since 1875 when BSE was the first the first-ever stock market to be established in Asia, it is evident that in these 147 years of history a lot has changed and one among those changes was the transition of physical paper certificates shares to shares being traded on an online platform This was possible only when in 1996 electronic trading was introduced to the market and since then a Demat account has been the mandatory part of anyone’s investing journey.
If we put it into simple terms we can say that a Demat account is a depository where you can safely store your investments in digital form without the need of paper certificates. A Demat account can not only hold your stocks but can also hold your mutual funds, bonds and ETFs.
Demat account is your safe locker as you don’t live in perpetual fear of losing any shares or investments, the whole process is electronic and you’re away from all kinds of triggers that could force you to make irrational decisions. To dig deeper, you can refer to our indepth guide on Demat account and know all in and outs of a demat account.
As mentioned previously, before electronic trading was introduced into the stock market in 1996 people stored their shares as certificates which were in form of physical paper and due to human errors, it is not assured that those physically held shares are in safe hands.
Therefore keeping convenience in mind, the whole process of trading took an electronic route and since then this trend has followed and it was made mandatory for any investor to open a Demat account to participate in the stock market.Additionally, there are a lot of benefits offered by demat account that make it a convenient way to trade and invest.
You’ve been through all the information that is out there about Demat and you hone enough knowledge to understand that picking a DP is no easy job, you’ll have to consider a lot of factors like charges and the services they provide and if that aligns with your conscience, you opt for them.
But let us present ourselves and tell you why exactly you need to open a Demat account with Choice;