Documentation On Opening An Individual / Corporate Demat Account

Having a demat account is the primary requirement to trade or invest in the Indian stock market. With time, the process of opening a demat account has become very easy. You may either open a demat account online all by yourselves or you may seek assistance from a broker who can open it for you. Whichever way you choose, the procedure and basic documentation to open a demat account is fairly uniform and remains the same across different financial institutions. There are a standard set of documents that are required before you apply for a demat account.

Here is a complete checklist of all the documents required to open a demat account.

Documents Required for Opening an Individual Demat Account:

Opening an individual demat account is a simple and easy task. The investors can now even opt toopen a demat account online. All they need to do is follow the correct steps and submit the necessary demat documents to the respective authorities. The following are the documents that are required to open an individual demat account.

  • Copy of PAN card (it is compulsory for all investors to submit a PAN card copy expect those listed in Section D)
  • Passport size photographs
  • Proof of identity (Aadhaar Card, Driving License, etc.)
  • Proof of address (Aadhaar Card, Passport, etc.)
  • Proof of income (Copy of ITR Acknowledgement)
  • Cancelled personalized cheque

If you are opening a joint demat account, you must submit the below mentioned documents.

  • Copy of PAN cards of all the account holders (it is compulsory for all investors to submit a PAN card copy expect those listed in Section D)
  • Aadhaar card copy of all the account holders
  • Cancelled personalized cheques of all account holders
  • Passport size photographs of all the joint account holders

While submitting the documents of an individual or joint holders, the dues of the applicants must be cleared. The forms must be signed and correctly filled. In the case of joint holders account, all the holders must sign the documents.

Let us now learn about the documents required while opening a corporate demat account.

Documents Required for Opening Corporate Demat Account:

Indian financial market is open to all for trading and investing purpose. Corporate houses, companies, organisations, partnership firms, etc. can also open a demat account. The process of opening the demat account is simpler than ever. The demat documents required for opening corporate demat account are as follows:

  • Correctly filled demat account opening form
  • Correctly filled KYC details of each holder
  • Passport size photograph of each holder. It must be signed across the photograph and the form.
  • PAN card copies of all the holders and company
  • Address proof of the holders and company
  • Aadhaar card copy of all the account holders
  • Cancelled personalized cheques of all account holders
  • Balance sheet copy of the last 2 financial years
  • Correctly filled annexures
  • FATCA Declaration

If you need a demat account, you may consider a reputed broker like Kotak Securities who can help you open a demat account with ease and in minimum time.

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