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Home/Basics of Stock Market/Demat Account/Documents Required for Demat Account

Documents Required for Demat Account

  • Created November 9, 2021
  • Author Vibha Tated
  • Category Demat Account
  • Comments 15
  • Reading Time: 3 minutes

In this article

  1. A quick checklist for opening a demat account
  2. List of proofs required
  3. Paperless documentation
  4. FAQs
One of the most common reasons for prolonging investing is documentation for demat account . The only way to combat this problem is to face it with a plan!
documents required for demat account
Here’s a quick checklist for the documents required to open a demat account:

1. Identity proof

  • PAN card – This is mandatory for every investor.
  • Unique Identification Number (UIN) – This could either be Aadhaar card or Passport or Election card.
  • Proof of identity issued by government bodies, PSUs or public financial companies, universities or professional bodies – ICAI, ICSI, etc.

2. Address Proof

Either of these documents can be used as a proof of permanent address:
  • Aadhar card
  • Ration card with address
  • Certificate of address issued from government bodies
  • Water bill in your name
  • Telephone bill in your name
  • Electricity bill in your name
  • Bank statement

3. Bank Proof

Any of the following documents qualify as bank proof:
  • Personalized cancelled cheque
  • Bank account statements for the past six months
  • Passbook

4. Income Proof

Any of the following documents qualify as income proof:
  • Income Tax Returns (ITR) copy
  • A copy of audited annual accounts audited by a qualified CA
  • Salary slip
  • Personalized cancelled cheque
  • Bank account statements for the past six months
  • Passbook
  • Documents substantiating ownership of assets

5. Passport -size photographs 

Once you have gathered these documents, the next step is to fill the Demat account opening form. Along with the Demat form, you are also required to fill the nomination and power of attorney agreements. It is also important to know that a minor cannot be appointed as a joint holder but can be a nominee to a demat account.The Power of Attorney (POA) agreement has your demat account and bank details. Duly note that the POA must be given out in the name of broker and not in any other name. The agreement is given to the broker for transferring securities, settling trade and transferring funds to and from your account.

6. Paperless demat account documentation

Majority of brokers provide paperless demat account opening facility to their customers. The benefit of going paperless is digitisation of information. Everything will be saved on databases and hence recovering data becomes easier. Highly secured and trustworthy systems are less prone to risks. These systems are economical and hassle-free.Now that you are all set with a quick checklist for opening a demat account, why delay further? Open a demat account with Samco today!Samco offers plethora of investing tools like…
  • Reliable and fastest trading app Samco App,
  • Delivery funding and accessibility to ‘buy today, pay in 2 days’ are game changing tools for your investments.
  • Updated research & recommendations along with Samco’s knowledge centre helps you plan your finances better.
  • Trigger alerts and simplified market feed helps to manage investments better and take better investment decisions.
  • World class infrastructure and support assures complete safety and security.

FAQs – Documents Required for Demat Account

  • What is a demat account?
A demat account holds all your securities in an electronic form. It helps mitigate the risk of misplacement and theft.
  • Why does one need to open a demat account?
Demat account with a registered broker is mandatory for buying and selling shares in the stock market.
  • How many people can jointly hold a demat account?
A demat account can be jointly held by three holders. An individual can appoint two joint holders. However, the demat account will be in the name of the primary holder.
  • Why is nomination helpful?
Nomination helps to avoid conflicts between family members in case of the death of the primary holder. Nomination is allowed for accounts with joint holders. In case of the death of joint holders the securities will be transferred to nominee.
Tagged: documents required for demat account

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About The Author

Vibha Tated

The author is graduate from KC College (Mumbai) and a global markets professional from Bombay Stock Exchange. Her beat includes fundamental research in equities. Before becoming a financial writer she has worked at mutual funds and TEDxGateway.

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  • Factors to Consider While Opening a Demat Account
  • Types of Demat Accounts: Regular, Basic Services, and BSDA
  • Facts About Demat Account You Should Know Before Opening One
  • Know about a CDSL Demat Account

15 Comments

  1. Neha Varma
    7 years ago

    Thanks for given nice information about demat account. It is really useful for us. I am very happy read this because I got lots of essential information from your post. I liked it. Thanks for share this useful information.

    Reply
  2. Mukesh
    7 years ago

    Dear sir,please tell me best demat and trading account opening bank with minimum brokage charges

    Reply
  3. C M Joshi
    7 years ago

    i want to know whether two persons with a joint demat account can use their individual trading accounts to trade/invest using the same demat account.

    Reply
    1. Kunal Juneja
      6 years ago

      Hi,
      I am Kunal Juneja from sharekhan if you want to open a demat then contact me.
      Ph. No:- 9810253673.

      Reply
  4. Man Mohan mathpal
    5 years ago

    Dear sir,please tell me best demat and trading account opening bank with minimum brokage charges

    Reply
  5. Dharamveer Singh
    5 years ago

    Dear Sir, I had closed my account 1year ago but I am receiving ledger debit mail from you. How it is possible.

    Reply
    1. SAMCO SECURITIES
      5 years ago

      Dear Sir, sorry for the inconvenience. We’ve raised a ticket regarding the same to our concerned department; our executives shall get in touch with you. Kindly give us a specific time, and we’ll arrange a call as per your convenience. Thank you & have a great day!

      Reply
  6. Ishwar
    5 years ago

    Do you support opening a Trading account for an LLP firm? What are the documents needed for this?

    Reply
    1. SAMCO SECURITIES
      5 years ago

      Dear Ishwar, thank you for getting in touch with us. Yes, you can open LLP (Limited Liability Partnership) account with us. But unfortunately, the entire process for it is limited to physical documentation. Here is the list of Documents required for the same.
      1. Pan Copy
      2. Address Proof.
      3. Bank Proof (Cancelled Cheque, Bank Statement, Bank Passbook- latest 3 months)
      4. Income Proof (Bank Statement, ITR/ Form 16 “Part A & B” of Current Financial Year/ Salary Slip/ Demat holding Statement/ Networth Certificate)
      5. List of Partners
      6. LLP Declaration
      7. Authorized signatories list with specimen signatures (On Page no. 6 of ASL form)
      8. The balance sheet of the last 2 financial years.
      9. Certificate of Incorporation.
      10. LLP Agreement
      11. Annexure Page

      If you have any more queries or issues, feel free to contact us; we’re happy to help you. Thank you for your valuable time. Have a great day ahead!

      Reply
  7. audit
    3 years ago

    Wonderful, what a website it is! This web site gives useful data to us, keep it up.

    Reply
  8. Anup
    3 years ago

    Hi. Can I add my mother as joint holder in my existing demat account?

    Reply
    1. Team Samco
      3 years ago

      Dear Customer,

      With regards to your query, we’d request you to kindly raise a support ticket on https://www.samco.in/support & you shall get a call from our executive soon.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

      Reply
  9. Ashish
    3 years ago

    What is the process and list of documents for opening an account for HUF?

    Reply
    1. Team Samco
      3 years ago

      Hello Sir,

      With regards to your query, we request you to kindly download the Non-Individual form from https://www.samco.in/samco-resources. Also, below is the list of documents that are required for opening a HUF account.

      Kindly courier the filled form along with the required documents on our office address.

      For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.

      Looking forward to serving you soon.

      Thanks & regards,
      Team Samco

      Reply
  10. Vijay kumar
    2 years ago

    How can I know about my Dmat account details

    Reply

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