A Demat account is ‘must have' for any individual looking at investing in the stock markets. One cannot begin his/her investment journey without an active Online Demat account. To reduce the risks associated with share trading in paper format, the Dematerialisation of shares was introduced in the Indian Financial Markets. A Demat account provides the user the facility to hold shares in electronic format. Opening a Demat account can be done simply by approaching a leading stock broker and following an easy process. To open free demat account with Nirmal Bang, click here.
Below are the steps to open demat account online.
1. Fill the Demat Account opening form
2. Enter Mobile Number (Your mobile number will be the first point of contact).
3. Email Id
4. Upload a photo or a scan copy of the below mentioned documents. Maximum size of the image is 4 MB · Permanent Account Number (PAN) Card
· Aadhaar Number
· Address Proof
·Cancelled & Signed Cheque,
·Photograph
· Bank Statement
5. Segment selection6. FATCA Details7. Basic Details8. Address9. Bank Details10. Client E-sign11. In-Person Verification (IPV)
Below is the list of documents which can be used to open demat account online.
· PAN card
· Voter ID
· Passport
· Driver’s licence
· Income Tax returns
· Electricity bill
· Ration card
· Telephone landline bill
· Bank passbook
