How to open a Demat account online?

Share trading is not a new concept for the potential investors, but what has made the idea even more popular is the demat account. Since the Depository Act, 1996 was introduced in India and it was mandated to open a demat account. With this, the process of selling, buying, and monitoring the shares have become significantly easier and convenient. Demat is a concept where the shares and securities are kept and maintained on a digital platform, eliminating the risk and troubles associated with the paper certificates. Investors can hold and control their investment instruments all at a single place.

However, before you start investing through a demat account, there are few things that you should know about the share market in advance. Investment instruments like equity shares, mutual funds, bonds, and debentures are said to be a great tool to earn high returns within a short-term. Opening a dematerialized account is no cumbersome process and can be opened very easily through https://www.applykaroo.com/demat-account instantly.  

What is required to open a demat account?

1. Bank account – For first and foremost, to open a demat account, it is significant to have a bank account to link it with your online trading account. All your earnings will be credited to the linked bank account for all transactions in the stock market. 
2. Broker – Trading is not everyone’s cup of tea and thus, you may require expert’s advice and guidance to survive in the stock market. A broker serves as the intermediary between the investor and the stock exchange, who has a good knowledge of the market fluctuations. A broker guides the investor throughout the trading process in the share market. Therefore, it is mandatory to open a dematerialized account with a broker registered with SEBI (Securities and Exchange Board of India).
3. Identity proof – It is a must to keep the KYC documents ready to open a demat account in India. KYC documents such as Aadhaar card, voter id card, and passport are required to verify and authenticate the application.
4. PAN card – When it comes to any sort of financial dealings, PAN card is a must have. This is because the government has mandated to link PAN card for any financial transaction. While considering the application, banks and financial institutions verify personal details of the applicant such as name and date of birth.
5. Additional requirements – Apart from the above mentioned requirements, an investor is also required to submit bank statements and cheques. The same can be scanned and uploaded online, which saves a lot of time and energy of the investor. Within 15 minutes of submission, your demat account number will be generated. You can then go ahead with the trading process.