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Frequently Asked Questions

What is Demat Account?

A demat (short for “dematerialized”) account is used to hold shares and securities in electronic form. It eliminates the need for physical certificates and simplifies the process of buying, selling, and holding investments. In India, You need a demat account to invest in stocks, mutual funds, bonds, ETFs, IPOs, and other securities.


Who can open a demat account?

Any Indian citizen above 18 years of age with a valid PAN card and KYC-compliant documents can open a demat account. Minors can also have accounts through their guardians who will operate the account until the minor turns 18. 


Can I have more than one demat account?

Yes, you can open multiple demat accounts with different brokers, but each must be linked to your PAN. However, you cannot have more than one demat account with the same broker.


What is the difference between a demat account and a trading account?

Demat Account: A demat account holds your securities/shares.
Trading Account: A trading account is used to buy/sell them in the stock market.

* The two accounts are linked. Most brokers offer both accounts together as a package. 


What documents are required to open a demat account?

You’ll need a PAN card, Aadhaar card, Signature (digitally or scanned), a cancelled cheque or a recent bank statement.  You may also need proof of income if you plan to trade in the derivatives segment.

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