Want to start investing in the stock market? The first thing you need is a Demat account.
But what documents are needed to open one?
Here’s a simple list of the documents you’ll need to open a Demat account in India.
Proof of Identity (POI):
You need to show who you are. Any one of the following will work:
- PAN card (this is mandatory for all applicants)
- Aadhaar card
- Passport
- Voter ID
- Driving license
Most brokers prefer Aadhaar and PAN together. These two cover both identity and address in many cases.
Proof of Address (POA):
Next, you need to show where you live. Use one of the following:
- Aadhaar card
- Utility bill (electricity, water, gas) – not older than 3 months
- Passport
- Driving license
- Voter ID
- Bank statement with your current address
Make sure the details match what you gave during sign-up.
Proof of Income (Only for trading in derivatives):
Planning to trade in Futures and Options (F&O)? Then you need to submit income proof. You can use:
- Last 6 months’ bank statement
- Latest salary slip
- Income tax return (ITR) copy
- Form 16
If you’re only investing in stocks, you don’t need this.
Photograph and Signature:
You’ll need a passport-size photo and your digital or scanned signature.
Some brokers ask for a selfie during online KYC.
Bank Account Proof:
You must link your bank account to your Demat account. Submit a cancelled cheque, bank passbook, or bank statement with your name and IFSC code.
Final Words:
Opening a Demat account is now quick and fully online. Just keep these documents ready before you start.
Many brokers like Zerodha, Groww, Upstox, and Angel One offer a smooth digital process.
In most cases, you can get verified within a day!
Now that you know what’s needed, you’re all set to open your Demat account and start investing.
Click Here >> Open Free Demat Account
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