{"id":446,"date":"2023-03-16T23:49:00","date_gmt":"2023-03-16T18:19:00","guid":{"rendered":"https:\/\/localhost:4433\/wordpress\/?p=446"},"modified":"2020-10-10T19:44:56","modified_gmt":"2020-10-10T14:14:56","slug":"what-is-upstox-demat-account","status":"publish","type":"post","link":"https:\/\/localhost:4433\/wordpress\/what-is-upstox-demat-account\/","title":{"rendered":"What is Demat Account ? How to Open Demat Account"},"content":{"rendered":"\n<p>You might have heard of demat account from someone, may be in television, school, college etc. Before we get into this,  let me ask you one question Where do you store your money? Absolutely..! The answer is <strong>\u201cBank\u201d<\/strong> Same if you want to hold shares of companies or other securities in<strong> electronic form<\/strong> that\u2019s where &#8220;Demat Account&#8221; comes forward.<\/p>\n\n\n\n<p class=\"has-very-dark-gray-color has-text-color\"><strong>Demat Account<\/strong> is an account used to store shares and securities in an electronic form its also known as<strong> dematerialisation account.<\/strong> You can hold Such as stocks, mutual funds, bonds, exchange-traded funds (ETFs), etc. in a demat account.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/static.wixstatic.com\/media\/803051_b49656aa3fd84007960cd4890ba5f0bb~mv2.jpg\/v1\/fill\/w_740,h_463,al_c,q_90,usm_0.66_1.00_0.01\/803051_b49656aa3fd84007960cd4890ba5f0bb~mv2.webp\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/localhost:4433\/wordpress\/what-is-upstox-demat-account\/#Lets_Understand_with_an_Example\" title=\"Let\u2019s Understand with an Example:\">Let\u2019s Understand with an Example:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/localhost:4433\/wordpress\/what-is-upstox-demat-account\/#How_and_Where_to_open_Demat_Account\" title=\"How and Where to open Demat Account ?\">How and Where to open Demat Account ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/localhost:4433\/wordpress\/what-is-upstox-demat-account\/#Steps_to_Open_Demat_Account\" title=\"Steps to Open Demat Account\">Steps to Open Demat Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/localhost:4433\/wordpress\/what-is-upstox-demat-account\/#What_documents_are_required_to_open_demat_account\" title=\"What documents are required to open demat account?\">What documents are required to open demat account?<\/a><\/li><\/ul><\/nav><\/div>\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lets_Understand_with_an_Example\"><\/span><strong>Let\u2019s Understand with an Example:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You want to buy Shares of <strong>Reliance Industries<\/strong>. When you buy those shares they will transfer to your demat account under your name. During earlier times physical shares certificates got issued under investor name by stock exchange and this involve lots of paperwork. But now this whole process is migrated to electronic form so when your purchase your shares they get transferred to your demat account and stored in electronic form. This Ensures Investor safety and trust for longer duration<\/p>\n\n\n\n<p>So When you buy shares same get credited to your demat account and when you sell those shares they get debited from your demat account. Your all Stocks and securities Stored in demat account actually held with<strong> National Securities Depository Ltd (NSDL) or the Central Depository Services Ltd (CSDL) <\/strong>they are known as Depositories responsible for managing portfolio of investors. Account number issued by <strong>CDSL <\/strong>carries a 16-digit numerical value, and <strong>NSDL<\/strong> issues a 16 digit numerical code preceded by \u2018IN\u2019.<\/p>\n\n\n\n<p>However there is an intermediary who act as an agent between Investor and Depositories known as<strong> Depositary participant<\/strong>. (Eg. <a href=\"https:\/\/upstox.com\/open-account\/?f=XMLY\" target=\"_blank\" rel=\"noreferrer noopener\"><u>Upstox<\/u><\/a>, <a href=\"https:\/\/zerodha.com\/?c=YP9457\" target=\"_blank\" rel=\"noreferrer noopener\"><u>Zerodha<\/u><\/a>, etc)<\/p>\n\n\n\n<p>Through which you can make your buy sell transactions of stocks and securities. Without Depositary participant it\u2019s not possible to deal with stock exchange.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/static.wixstatic.com\/media\/803051_0dd992528de3407bb15ede2d86de6000~mv2.jpg\/v1\/fill\/w_740,h_429,al_c,q_90,usm_0.66_1.00_0.01\/803051_0dd992528de3407bb15ede2d86de6000~mv2.webp\" alt=\"Demat account\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"viewer-dk2j1\"><span class=\"ez-toc-section\" id=\"How_and_Where_to_open_Demat_Account\"><\/span><strong>How and Where to open Demat Account ?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Opening a demat account is quite simple, nowadays you can open it online. To open it first you have to select your depositary participant.<\/p>\n\n\n\n<p>I recommend to go with Upstox, its India\u2019s fastest growing discount broker with 1 Million+ Clients. To know more refer to this <a href=\"https:\/\/localhost:4433\/wordpress\/top-reasons-to-choose-upstox-for-opening-demat-and-trading-account\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u>article.<\/u><\/a><\/p>\n\n\n\n<p><strong>Step 1<\/strong>: Fill the account opening form<\/p>\n\n\n\n<p><strong>Step 2<\/strong>: Submit documents<\/p>\n\n\n\n<p><strong>Step 3: <\/strong>Finish the in-person verification (IPV)<\/p>\n\n\n\n<p><strong>Step 4:<\/strong> Get an account number\/ID<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"viewer-9btkp\"><span class=\"ez-toc-section\" id=\"Steps_to_Open_Demat_Account\"><\/span>Steps to Open Demat Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><a href=\"https:\/\/upstox.com\/open-account\/?f=XMLY\" target=\"_blank\" rel=\"noreferrer noopener\"><u>Click Here to Signup<\/u><\/a> for Demat Account<\/li><li>Provide your email ID and Mobile<\/li><li>Provide PAN Number (Compulsory)<\/li><li>Provide Other kyc details<\/li><li>Upload kyc documents<\/li><li>Esign it with Adhaar otp and you are Done<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"viewer-191v3\"><span class=\"ez-toc-section\" id=\"What_documents_are_required_to_open_demat_account\"><\/span>What documents are required to open demat account?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>Proof of address (Ration card\/Passport \/ Rent Agreement \/ Recent Electricity or Telephone Bills)<\/li><li>Proof of identity (Aadhaar Card\/Passport\/<\/li><li>Driver\u2019s License)<\/li><li>Bank Statement or Cancelled Cheque<\/li><li>PAN CARD<\/li><li>Photographs and Signature<\/li><\/ol>\n\n\n\n<p>Learning is an never ending process you can start your journey of stock market by just <strong>opening your demat account. <\/strong>if you are <strong>interested in opening demat accoun<\/strong>t We are recommending you best Discount Stock broker, To open your free demat account just click the link mentioned below or <a rel=\"noreferrer noopener\" href=\"https:\/\/upstox.com\/open-account\/?f=XMLY\" target=\"_blank\"><strong><u>CLICK HERE<\/u><\/strong><\/a><\/p>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-bottom\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;446&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;9&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;1.4&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;4&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;1.4\\\/5 - (9 votes)&quot;,&quot;size&quot;:&quot;22&quot;,&quot;title&quot;:&quot;What is Demat Account ? How to Open Demat Account&quot;,&quot;width&quot;:&quot;34.4&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 34.4px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 17.6px;\">\n            1.4\/5 - (9 votes)    <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>You might have heard of demat account from someone, may be in television, school, college etc. Before we get into &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What is Demat Account ? How to Open Demat Account\" class=\"read-more button\" href=\"https:\/\/localhost:4433\/wordpress\/what-is-upstox-demat-account\/#more-446\" aria-label=\"More on What is Demat Account ? How to Open Demat Account\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"table_tags":[],"_links":{"self":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/posts\/446"}],"collection":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/comments?post=446"}],"version-history":[{"count":0,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/posts\/446\/revisions"}],"wp:attachment":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/media?parent=446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/categories?post=446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/tags?post=446"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/table_tags?post=446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}