A Demat Account is essential for trading and investing in stocks, bonds, mutual funds, and other securities. It stores all your investments electronically in a single place.
🔹 Who is Eligible to Open a Demat Account?
✔ Individuals (Retail investors above 18 years)
✔ Minors (Under guardianship, with a PAN card)
✔ Non-Resident Indians (NRIs)
✔ Hindu Undivided Family (HUF)
✔ Partnership Firms & Limited Liability Partnerships (LLP)
✔ Private & Public Limited Companies
✔ Trusts & Societies
🔸 Note: A minor cannot be a joint holder in a Demat account. There is no minimum balance requirement for holding securities.
📜 Documents Required to Open a Demat Account
🔹 Mandatory for All Applicants
✔ PAN Card (Required for all individuals, NRIs, companies, etc.)
🔹 Identity Proof (Any one of the following)
✔ Aadhar Card
✔ Passport
✔ Voter ID
✔ Driving License
✔ Any valid ID issued by the Central/State Government
🔹 Address Proof (Any one of the following)
✔ Aadhar Card
✔ Passport
✔ Voter ID
✔ Driving License
✔ Ration Card
✔ Utility Bill (Electricity, Water, Gas, or Telephone)
✔ Bank Account Statement (Last 6 months)
🔹 Income Proof (For Trading in Derivatives/F&O)
✔ Current Salary Slip/Form 16
✔ Copy of ITR receipt
✔ Net-worth certificate
✔ Demat Holdings Statement
🔹 Additional Documents for NRIs
✔ Portfolio Investment Scheme (PIS) permission letter from RBI
✔ NRE/NRO bank account details
🔹 Additional Documents for Companies
✔ Certificate of Incorporation
✔ Memorandum of Association (MOA) & Articles of Association (AOA)
🔹 Bank Account Proof
✔ Canceled Cheque
✔ Bank Passbook
✅ Pro Tip: Ensure all documents are self-attested before submission.
