Top Tips For Free Demat Account Opening

Posted by Shrikant Sharma on July 19th, 2018

A demat account is such an account which every share holder shall possess for the use of business activities. The first and the foremost thing that you shall do is the fill in the application form for opening a demat account. You have to get it either get through email or you can print the application form the portal.

How much time it will take for opening a demat account?

The documents provided by you have to be appropriate with every small detail as directed in the rules of a KYC. Then it will take a maximum of three working days right after the free demat account opening from is received by the company.

How can you change the details?

You will be provided with an option named ‘My profile.’ All you have to do is click that option and see all the details that you can modify, such as – your cell phone number, your email ID, you can change the brokerage plans that you have adopted earlier and you can add secondary bank details too. The moment you ask for the modification of your account with a change in the above mentioned detailed information, an immediate notification along with the confirmation link will be sent to your email with which you have registered. You have to click on the confirmation mail that you have received earlier. You will receive an update once your modification is done and it will take two days for acknowledgement.

Documents required for free demat account opening

Thera are certain documents that will be required to open demat account. These documents are your personal account number, your PAN, you have to give your Bank statements of the recent three months, and your permanent address proof. You shall provide your income tax return statement, KYC details along with Aadhar Card which is a must. In addition, you shall also provide one cancelled cheque of the bank you hold an account, the last thing that shall be provided is colour photos of yours.

Here are some benefits of opening the demat account

• The most convenient way for securities to be held.
• There securities are immediately transferred.
• More safe than a paper share.
• The transaction cost is less
• You can get to work from everywhere without any problems.

The author of this article is a blogger. He is a great researcher and makes the best research before writing down on various topics. He writes about the tips for free demat account opening.