A Demat account helps investors to hold shares and securities in an electronic format. This is also known as dematerialised account. Just as people keep their money in a bank account, similarly people keep their shares in a demat account.
Demat Account: First Step into the Stock Market
It is mandatory to have a Demat Account in order to purchase shares and store them safely. Opening a Demat Account is the first step to purchasing stocks.
Now the question comes that where and how to open demat account ?
Demat account opening is quite simple, nowadays you can open it online. To open it, first you have to select your Depository Participant.
I recommend to go with Upstox, Upstox is famous stock broking company of Mumbai having more than 1 Crore+ active clients. It is funded by Ratan Tata and it is the largest & one of the best stock broking company in India. And where a person like Mr. Ratan Tata Involved, a customer can expect 100% satisfaction.
Upstox provides trading facilities in various segments like Equity, Futures and Options, Commodities Currency. Demat account opening in Upstox is very easy and online paperless process which hardly takes 10 minutes and the best part is that it is completely free.
Benefits of opening a Demat account with Upstox
- ✅ Free Demat & Trading Account
- ✅ ₹0 Brokerage on Mutual Funds and IPOs*
- ✅ ₹0* AMC Charges* Demat Account Maintenance Charges!
- ✅ Trust of 1Crore+ investors
- ✅ One stop solution to invest in Stocks, Mutual Funds, Gold, Bonds, IPOs etc.
Steps to Open Demat Account
- ✅ First Download Upstox App Click Here
- ✅ Provide your email id and mobile number
- ✅ Provide PAN Number (Mandatory)
- ✅ Provide other KYC details
- ✅ Upload KYC Documents
- ✅ Sign it with Aadhaar OTP and you are done
As per the instructions of the government institution SEBI (Securities and Exchange Board of India), everyone who wants to open a Demat account is required to provide KYC Details like Aadhaar, PAN, Active bank account, signature photo etc.
FAQS
Who can open Demat Account?
The following persons are eligible to open a Demat account in India.
- Resident individuals
- Non-resident individuals
- Hindu Undivided Families (HUFs)
- Partnership firms
- Companies
What is required to work in the stock market?
To work in the stock market, it is very important to have a Demat account according to the rules of SEBI.
What exactly is a Demat Account?
To buy and hold stocks in the stock market, you need a demat account, just like you need a savings account at a bank to keep your funds safe.
How to select a Demat Account?
Demat account can be selected based on the trustworthiness of the brokerage firm, minimum brokerage charges and annual maintenance charges.
What is required to open Demat Account?
- Choose Depositary Participant First (Like Upstox)
- Submit & verify PAN and Aadhaar
- Verify your bank & KYC details
- eSign your application with Adhaar OTP
What is a Trading Account?
Trading account acts as a bridge between demat account and bank account which allows us to trade in the market & place Orders. Trading account gets automatically opened while opening demat account.
What else can be kept with shares in Demat Account?
One can keep mutual funds, ETFs, equity shares, bonds etc., which is the safest place.
Is Upstox safe?
Yes, Upstox is the most secure platform.
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