Opening a Demat account can be super quick as it is a simple 3 step process, takes less than 15 minutes, the process is completely online and paperless.

Documents required to open a Demat account for an individual

You shall need the following documents to open a Demat account as an individual single holder account:

  • PAN Card
  • Proof of Address – Any one of driver’s license, Aadhar Card, Recent Electricity or telephone bill, Voter ID card or rent/lease agreements
  • Proof of Bank Statement – Cancelled check or your bank statement

How to open a Demat account

  • Step 1 –Fill out your KYC details

    • Fill out your KYC details, like PAN number, income and occupation details, address, email ID and mobile number, bank account number and nomination details.

  • Step 2 – Upload your documents

    • Upload the necessary KYC documents for verification.

  • Step 3 – Sign your application

    • Sign your application digitally using your Aadhar. Once you complete step 1 and 2, you shall be redirected to the UIDAI Aadhar portal and you shall receive an OTP on your mobile and email linked to your Aadhar. Correctly entering the OTP will digitally sign your application.

FAQs on how to open a Demat account

Q
Can I open a Demat account without a PAN Card?
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A
No, you cannot open a Demat account without a PAN Card. This is a mandatory SEBI requirement. In case you do not have a PAN, you must first apply for a PAN Card and then apply for a Demat account.
Q
Why do I need to submit my bank details for opening a Demat account?
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A
It is mandatory to submit your bank account for opening a Demat account since all dividend pay-outs, redemption/extinguishment pay-outs, etc shall be directly credited to your bank account. In case your bank account details are incomplete or incorrect, these payments shall bounce resulting in a loss to investors!
Q
If I already have another Demat account from before with another entity, do I still need to submit all documents for opening a Demat account?
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A
If you have another existing Demat account and your existing intermediary has updated your information on the KRA registry, then you shall be classified as a KRA registered investor. In such cases, you need not submit your PAN, Proof of address and Photo for opening the account. You shall only need to submit your Bank details in such a case.
Q
What if my Aadhar is not linked to my mobile? Can I still open a Demat account online?
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A
In case your Aadhar is not linked to your mobile or email, then you shall not be able to complete an Aadhar E-sign. However, you will still be able to digitally sign your application. After digitally signing your application, you shall be required to collect a single page acknowledgement and then your account shall be processed.
Q
Can Non Individual entities open an online Demat account?
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A
No, non-individual entities cannot open an online Demat account and they shall be required to open a Demat account by submitting a physical form. You can download a physical form from https://www.samco.in/samco-resources
Q
Can a Joint Demat account be opened online?
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A
No, since a joint account needs to be jointly signed by multiple account holders, a joint account cannot be opened online and shall be opened by submitting a physical form.
Q
What happens after I complete the application and sign the Demat account opening form?
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A
After your application is completed, the same shall be verified by SAMCO’s account processing teams and once your application is verified, you shall receive a welcome kit with your account credentials. You shall also receive instructions on how to access your account and initiate transactions. In case you do not receive the same within 48-72 hours of opening the account, please raise a support ticket at www.samco.in/support and we shall get it sorted.

Check out this step by step video on how to open a Demat account

Documents required for opening a Demat account for non individual investors

Hindu undivided family (huf)

  • PAN of HUF
  • Bank pass-book/bank statement of the HUF
  • KYC Details of the Karta of the HUF – PAN, Proof of Address, Photograph
  • In case, derivatives segment needs to be activated for HUF - 6 months bank statement / Latest ITR Copy of HUF

A HUF account cannot be opened online and a physical application needs to be submitted. Download the physical account opening form for an HUF Account from https://www.samco.in/samco-resources

Important Points to note:

  • Signature of all coparceners shall be required on POA page.
  • Signature of Karta shall be required on all pages of the account opening form and across photograph on form.

Partnership firm

  • Comprehensive financial statements for Firm for past 2 years comprising of balance sheet, profit and loss statement and Income tax returns.
  • For Registered Firms – Certificate of registration.
  • Self-Certified copy of Partnership deed.
  • List of authorised signatories along with specimen signatures of letterhead of the partnership firm.
  • KYC documents of all partners – PAN Card, Proof of address, photographs.
  • Bank Proof of Partnership Firm – Statement should be in the name of the firm.

Important Points to note:

  • Signature of all partners shall be required on POA page.
  • Signature of all authorised signatories shall be required on all pages of the account opening form and across photograph on form.

A Partnership firms Demat account cannot be opened online and a physical application needs to be submitted. Download the physical account Demat Account opening form for a partnershipfirm from https://www.samco.in/samco-resources

Companies

  • Comprehensive financial statements for the Company for past 2 years comprising of balance sheet, profit and loss statement and Income tax returns.
  • Certified copy of latest shareholding pattern of the company including details of ultimate beneficial owner (UBO), duly certified by the company secretary/Whole time director/MD.
  • KYC documents of whole time directors/at least 2 directors – PAN Card, Proof of address, photographs.
  • KYC documents of promoters and ultimate beneficial owners – PAN Card, Proof of address, photographs.
  • Certificate of incorporation.
  • Memorandum and Articles of Association.
  • List of authorised signatories along with specimen signatures of letterhead of the Company.
  • Certified copy of Board Resolution enabling investment in securities markets and authorising signatories to operate the account.
  • Latest Bank statement in the name of the company.

Important Points to note:

  • Signature of all authorised signatories shall be required on POA page.
  • Signature of all authorised signatories shall be required on all pages of the account opening form and across photograph on form.

A Companies’ Demat account cannot be opened online and a physical application needs to be submitted. Download the physical account Demat Account opening form for a company from https://www.samco.in/samco-resources