Demat Services
Demat
What is a Demat account?
The term Demat is short for Dematerialisation which technically means removing the materialistic aspect of an object. In regard to the share market, dematerialisation of shares means converting the materialistic paper shares to electronic form. So, a Demat account is a virtual locker, similar to a bank account, which stores your financial assets like shares, bonds, ULIPs, Sovereign Gold Bonds (SGBs) etc. in electronic form.
What is a Trading account?
The terms Demat and trading account are used interchangeably, but they are not the same. A Demat account can only hold your securities. Whereas a trading account facilitates the actual buying and selling of the assets. So, your trades (buying and selling) take place through a trading account, but the settlement (debit in case of sell order and credit in case of buy order) happens in the Demat account.
How to Open a Stock Demat & Trading Account?
Opening a Trading & Demat account is now Quick and Super Easy
- Enter your mobile number and fill out the online KYC
- Verify personal information - address proof, identity proof, PAN number and date of birth
- Select from payment options for a trading account that is appropriate for you.
- Add your bank account and complete your profile
- eSign the Demat account opening form
- Upon successful verification, your Demat account will be operational within 24 hours and login credentials will be shared on your registered email id.
Open a Demat Account
Opening a Trading & Demat account is now Quick and Super Easy
- Enter your mobile number and fill out the online KYC
- Verify personal information - address proof, identity proof, PAN number and date of birth
- Select from payment options for a trading account that is appropriate for you.
- Add your bank account and complete your profile
- eSign the Demat account opening form
- Upon successful verification, your Demat account will be operational within 24 hours and login credentials will be shared on your registered email id.
