ABOUT DEMAT

Documents required for demat account

A Demat account ensures a simple, seamless, paperless, and genuine trading and investing. However, to maintain the genuineness of the process, you need to provide certain documents for opening a demat account.

OPEN A DEMAT ACCOUNT


Documents Required to Open a Demat Account

Account Opening Form -

  • Duly filled Demat Account Opening Form (Individual/Joint) along with KYC Application Form (Individual/Joint)

  • Photograph of each holder/signatory to be pasted on the form and signed across

Proof of Identity - POI (list of documents admissible)

  • PAN card with photograph (mandatory). Although there are a few exceptions to the PAN Card rule –

    • - Traders relating to specific income slab as per section 139A.
    • - Traders resident of Sikkim state.
    • - Transactions done on behalf of Central or State governments or by officials appointed by Indian courts.

  • The applicant should submit any one of the following:

    • - Unique Identification Number (UID) (Aadhaar)
    • - Passport
    • - Voters ID card - Valid Driving license

  • Identity card/ document with applicant’s Photo, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.

Proof of Address - POA (list of documents admissible)

  • Passport

  • Voters Identity Card

  • Ration Card

  • Registered Lease or Sale Agreement of Residence

  • Valid Driving License

  • Utility bills like Telephone Bill (only landline), Electricity bill or Gas bill - Not more than 3 months old.

  • Bank Account Statement/Passbook — Not more than 3 months old.

  • Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-Operative Bank/Multinational Foreign Banks/Gazetted Identity card/document with address, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.

Other Documents

  • Bank Account Details – An original canceled cheque that bears your printed name, Account number, IFSC Code, MICR code, and Bank and Branch details.

  • It is requisite to provide proof of income or the applicant’s net worth if they want to invest in Derivatives (futures and stock) or the commodities market. This can be provided by either of the following documents –

    • - Form 16
    • - IT Acknowledgement Copy
    • - Bank statement for the last six months
    • - Stock Holding statement
    • - Certificate provided by a verified Chartered Accountant that confirms your net worth.

  • If the primary holder is a minor, then the account opening form should have the details of the parent or guardian along with their signature, personal information, and respective documents.

Account Opening Form -

  • Duly filled Demat Account Opening Form (Corporate) along with KYC Application Form (Corporate)

  • Photograph of each holder/signatory to be pasted on the form and signed across

Proof of Identity - POI (list of documents admissible)

  • PAN card copy of the corporate.

  • The applicant should submit any one of the following:

    • - Unique Identification Number (UID)
    • – Udyog Aadhar of the body corporate or Aadhar of all the signatories.
    • - Passport (of all the signatories)
    • - Voters ID card (of all the signatories)
    • - Valid Driving license (of all the signatories)
    • - Identity card/ document with applicant’s Photo, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.

Proof of Address – POA (list of documents admissible)

  • Document registered with Registrar of Companies along with the Copy challans of payments made to ROC.

  • Bank Statement not more than 3 months old along with an original cancelled cheque.

  • Registered copy of Leave & License agreement, self-attested (by authorized signatories as per Board Resolution)

  • Registered copy of Agreement for Sale, self-attested (by authorized signatories as per Board Resolution)

  • Copy of Telephone bill / Electricity, not more than 3 months old in the name of a body corporate, self-attested (by authorized signatories as per Board Resolution)

Additional documents to be obtained for Corporate over and above the Identity & Address proof:

  • Copy of the balance sheets in the name of a body corporate for the last 2 financial years (to be submitted every year)

  • Copy of latest shareholding pattern of the Body corporate including a list of all those holding control, either directly or indirectly, in the company in terms of SEBI Takeover Regulations, duly certified by the company secretary/Whole time director/MD (to be submitted every year)

  • Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations.

  • Photograph, POI, POA, PAN of individual promoters holding control - either directly or indirectly.

  • Copies of the Memorandum and Articles of Association and Certificate of Incorporation.

  • Copy of the Board Resolution for investment in securities market.

  • Authorized signatories list with specimen signatures.

Other Documents

  • Bank Account Details - An original canceled cheque that bears the printed name of Body Corporate, Account number, Bank and Branch details, IFSC Code, and MICR code.

Account Opening Form -

  • Duly filled Demat Account Opening Form (Individual) along with KYC Application Form (Individual)

  • Photograph of each holder/signatory to be pasted on the form and signed across.

Proof of Identity (list of documents admissible)

  • Passport (mandatory)

  • PAN card with photograph (mandatory)

  • The applicant should submit any one of the following:

    • - Unique Identification Number (UID) (Aadhaar)
    • - Voters ID card
    • - Valid Driving license

  • Identity card/ document with applicant’s Photo, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members; and Credit cards/Debit cards issued by Banks.

Proof of Address (list of documents admissible)

  • Passport (mandatory)

  • Voters Identity Card.

  • Ration Card

  • Registered Lease or Sale Agreement of Residence.

  • Valid Driving License.

  • Utility bills like Telephone Bill (only landline), Electricity bill or Gas bill - Not more than 3 months old.

  • Bank Account Statement/Passbook — Not more than 3 months old.

  • Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks/Scheduled Co-Operative Bank/Multinational Foreign Banks/Gazetted Identity card/document with address, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.

Additionally, the following also need to be explicitly obtained for NRIs:

  • Declaration that he/she has complied and will continue to comply with FEMA regulations.

  • Copy of the RBI approval letter, if any, for acquiring securities

  • RBI reference and date mentioned in the RBI approval letter should be entered according to whether the NRI/FN has ever purchased securities from the secondary market / has been allotted securities in the primary market / or does not hold any securities.

  • While processing De-materialization, receipt, delivery or pledge instructions from NRI Client, the DP must obtain a copy of the relevant RBI approval letter.

Other Documents

  • Bank Account Details – An original canceled cheque that bears your printed name, Account number, IFSC Code, MICR code, and Bank and Branch details.

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