Many people in India are still unaware of the DEMAT account opening process & think of it as a hassle & time taking process. while the ground reality is contrary to that. It isn’t as hard as people tend it to be. In this article, we will walk you through the process of How to Open a DEMAT Account.
DEMAT Account!
Many say the word ‘DEMAT’ sounds like heavy financial jargon. This eventually makes them feel they need to be a financial bigshot to have a Demat account. If you are one of them, this article is the right source for you to gather all the details regarding Free Demat Account Opening.
Just like a bank account, where you keep your money with the option to deposit and withdraw, a Demat account is an account that digitally stores the record of all your transactions in shares, bonds, etc.
Now that we know what a Demat account is, let’s learn how to open a free Demat account online.
How To Open a Demat Account Online?
If your Mobile number is linked with Aadhar, you can open the Demat Account online at Alice Blue.
You only need to follow these 5 simple steps mentioned below:
Step 1: Click on this link, fill in your Name, Email, Mobile Number, and State and click on Open an Account.
Step 2: Upload account opening documents.
Step 3: Provide an IPV (In-person verification) by showing your PAN towards the camera along with your face.
Step 4: E-sign the documents by verifying your Aadhaar with your Mobile Number.
Your account will be activated within 24 hours.
Documents Required To Open a Free Demat Account Online
You need to keep the following documents handy to easily open a free Demat account online:
- PAN Card
- Address Proof (Aadhar Card, Passport, Voter ID)
- Bank Passbook
- Passport Size photo
How To Open A Demat Account Offline?
The offline procedure is longer than the online procedure, but the steps are simple to follow:
Step 1: Download the KYC form ABFSPL.
Step 2: Take a printout and fill up all the details.
Step 3: Attach a self-attested copy of the account opening documents.
Step 4: Sign the KYC form and send the hard copy to Aliceblue Corporate office address.
Documents Required To Open Free Demat Account Offline
Carry the following documents when you go for an offline mode of account opening:
- KYC form ABFSPL
- PAN Card
- Address Proof (Aadhaar Card, Driving License, Passport, Ration Card, etc)
- Income Proof (3 Months Salary Slip, 6 Months Account Statement, Latest Income Tax Return Copy)
- Bank Proof (Canceled Cheque, Passbook Copy or Bank Statement with visible Bank Account Number, MICR, and IFSC code)
Where To Open A Demat Account?
You will find thousands of stockbroking companies to start your investing journey with.
But, before you end up landing anywhere, go through the offers given by Alice Blue.
- Low Brokerage – Flat ₹15/order
- Robust Trading Platform
- Free Lifetime Investing/Equity Delivery
- Trade in Any Segment with Single Margin
- Pan India Multi-lingual Branch Support
- Margin Trade Funding
- ZERO BROKERAGE on investing in Mutual Funds & IPOs with the same Account
- 100% Online Account Opening Process
- Timely Pay-in & Pay-out
- Free Advanced API (Save ₹ 3000 every month compared to other brokers)
Not only this, Alice Blue offers you unique features too. Find out –
Exclusive Access to Trade School & Trade Store
To give you a clear picture, let us learn what a Trade School and a Trade Store are:
- Trade School is an education platform that will help you learn everything about the Stock Market. Whether you are a beginner or an expert, you’ll learn all the concepts here.
- Trade Store provides apps and products to ease the trading and investing experience in the Stock Market. They provide special discounts to Alice Blue clients.
Now that you have all the information on your plate, trading with Alice Blue should be your first choice. Who would not want to enjoy the exciting experience of trading with unique benefits that no other stock broking company is offering? Let’s cut down on your research of finding the best stock broking company.
Start Trading with Alice Blue!
