Demat Account

               

  About Demat account  

                 A demat accout is like an online locker for your shares and securites. Instead of holdig physical stock certificats, which can be lost or damanged, everything is stored electronically. When you buy or sell stoks, the transactons are record in this digital account, making it much easier and safter to manage your investments.

                To open one, you’d go to a financial institution or brokerage, provide some personal document, and complete a few formalties. Once your account is set up, buying, selling, and managing your shares become a lot simpler and faster.

What is demat account                

           demat is a online digital account . it is use for holding invesment shares buy  & sell , bank mutual funds as well as goverment securities , quik Trasfer of Shares .

  Demant account use

               for holding invesment shares buy  & sell , bank mutual funds as well as goverment securities , quik Trasfer of Shares .

          

    Demat account opening process

           No paper work required for opning demat account. it is  online process .

          Step 1: open your Demat account

          Step 2: Provide basic details. 

          Step 3: Add bank details. 

          Step 4: Document upload.

          Step 5: In-person verification. 

           Step 6: E-sign. 

           Step 7: Form submission.

           kYC is most required  for open demat account.

 What is KYC  

 KYC, or "Know Your Customer," is basically a way for businesses, especially banks and financial companies, to check who their clients are. They do this to make sure people is who they say they are and to prevent things like fraud, money laundering, or other illegal activities.

The process usually involve asking for and verifying personal documents, like an ID or a utility bill, to confirm someone's identity. It helps companies stay compliant with laws and keep their operations secure.

   

   Document  Reuired For KYC for demat account   

        1 . adhar card , pan card for [ adress proof ]

        2 . photograph

        3.  white paper signture

        4 . 6 month bank statement or income proof

        5 . fno segment active required.

        

   Top 5 demat account     

         1 Groww Demat Account

         2 5Paisa Demat Account

         3 Upstox Demat Account

         4 Zerodha Demat Account

         5 Paytm Money Demat Account

The Segment of Share Market