In today’s digital era, opening a Demat account is a quick and efficient process that can be completed from the comfort of your home in just 10-15 minutes using your mobile phone. Here’s a concise guide:
- Select a depository participant (DP): Choose a reputable DP that aligns with your specific service requirements.
- Provide basic details: Fill out the online account opening form on the DP’s website with your name, phone number, email, address, and PAN Card details.
- Add bank details: Input essential bank details for transactions, such as account number, account type, and IFSC code.
- Document upload: Upload a photo and necessary documents for proof of address and identity.
- In-person verification: Record a brief video of yourself reading the provided script to complete the verification process at home.
- E-signature: Digitally sign your application using your Aadhar-linked mobile number, reducing paperwork.
- Form submission: Submit the form, and your Demat account will be created shortly. Receive account details and login credentials.
