How to open a Demat account and Document Required.

Posted by Venki

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You have to approach a DP to open a Demat account.

Most banks are DP participants so you may approach them or else you can contact us.

To have latest list of registered DP please visit websites www.nsdl.co.in and www.cdslindia.com.

A broker and a DP are two different people. A broker is a member of the stock exchange, who buys and sells shares on his behalf and also on behalf of his customers.

Following are the documents required to open Demat account.
When you approach any DP, you will be guided through the formalities of opening an account.

The DP will ask to provide some documents as proof of your identity and address.

Below is a list but you may not require all of them.
PAN card

Voter's ID

Passport

Ration card

Driver's license

Photo credit card Employee ID card

IT returns

Electricity/ Landline phone bill etc.

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