How To Open *Free Demat And Trading Account Online?
How to open free demat account?
A demat account helps you to hold all your bonds, shares, and other financial securities electronically. That’s why opening a Demat & Trading account is a primary step to start your invetsing and trading career and keep track of all your investment in the share market. TradesApp ( Super-fast Trading Platform) offers you to open a free Demat & Trading account online within 5 minutes.
What is a Procedure to Open Trading & Demat Account?
- Step 1: Choose a Depository Participant.
- Step 2: Submitting a Demat Account Form
- Step 3: Completed KYC (Know Your Customer)
- Step 4: In-Person Verification (IPV)
- Step 5: Signing the Agreement
- Step 6: Get the BO ID number
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Why should you have a Demat Account?
There are many reasons why Demat Account is considered mandatory for trading in shares and securities. Here are few reasons:
- Safety: With a Demat account, you can be assured that the shares and securities you trade are genuine. This avoids the chances of trading fake share certificates.
- Storing: Storing the shares and securities is not an easy task; if they are on paper, the chances of getting ruined or lost are higher. But with a Demat Account, these certificates are stored securely.
- Ease of Access: Since all the shares and securities are stored online in an electronic form, they are easily accessible from anywhere.
What are the Documents required to open a Demat Account ?
- ID Proof: A Scanned copy of PAN Card with Photo
- Address Proof: A copy of any of the following.
- Aadhaar card
- Voter’s identity card
- Driver’s license
- Passport
- Electricity bill
- Ration card
- Bank passbook or account statement (not older than three months from the date of receipt of documents)
- Bank Statements: A copy of the bank account statement, which is not older than three months from the date of filing the form
- Income Proof: Copy of Salary slips and Income Tax Returns.
- Things to remember when opening a Demat Account
- Link your Demat Account to your Trading Account
- Be aware of the charges involved
- Fill in the correct details and ensure all the documents have similar information.
- Do not forget to add a nomination.
For more information call us +91 75739 17841 or mail us on sales@tradesapp.in