How to Open a Demat Account in Angle One?

Opening a demat account is a simple and easy process if you have the right documents with you. So, what are you waiting for? Take control of your financial future today by opening a Demat account with Angle One and embark on your journey toward financial freedom.

Why Do You Need to Open a Demat Account in Angle One?

  • Electronic storage: A demat account stores your investments electronically, which is safer and more convenient than having physical certificates. This eliminates the risk of loss, theft, or damage.
  • Trading and investing: You need a Demat account to buy and sell shares in the stock market as well as other investments like bonds and mutual funds.
  • Simplified ownership transfer: Transferring ownership of securities is much easier with a demat account.
  • Easy monitoring: You can easily track your investments in real time with a demat account.
  • One Account for Everything: Streamline your finances with One Account for Everything. Simplify your banking, investing, and more in a single, convenient platform.
  • Low Brokerage Charges: Enjoy competitive brokerage rates for your investments. Benefit from low charges while maximizing your returns in the stock market.
  • Free Stock Market Course: Unlock the secrets of the stock market with our free course. Learn essential strategies, analysis techniques, and investment principles to succeed in your trading journey.
  • Zero Charges For Accounts Opening: Investors have the option to open a Demat account with no initial balance requirement.

Angel One is a private brokerage firm that offers demat accounts along with other services such as online trading platforms, research, and advisory services.
Therefore, if you are interested in trading stocks and other investments in India, you will need to open a demat account with a broker like Angel One.

One Account for Everything

Low Brokerage Charges

FREE Stock Market Course

Zero Charges for Account opening

What is Demat Account ?

A Demat Account, also known as a Dematerialized Account, allows individuals to hold shares and securities electronically. When trading online, shares are purchased and stored in a Demat account, streamlining the trading process for users. The Government of India implemented provisions for demat accounts under the Depository Act, 1996 with the objective of reducing fraud, improving market efficiency and simplifying trading procedures. According to the Stock Exchange Board of India (SEBI), having a demat account is mandatory for anyone involved in trading financial securities.

You can also Open a Demat Account in Angle One.

Why Open A Free Demat Account
Online With Us?

₹20

Flat Brokerage on Intraday

Paper Less Account Opening

Free Call for Trade Facility

Free Premium Telegram Group

How to Open Demat Account In 4 Steps

Step 1

Fill up your information on the signup form

Step 2

Enter OTP received on the registered mobile number

Step 3

Enter KYC details &  15 Second Face video

Step 4

Get Demat Account details on the registered Email ID

Open a Demat Account in Angle One - Angel One Account Opening Documents

Opening a Demat account marks the initial stage of embarking on an investor’s journey. However, to start trading, you will need a bank account, a Demat account, and a trading account. A Demat account serves as a depository for holding securities during trading activities. Meanwhile, a business account is essential to execute actual transactions, while a bank account is necessary to store the cash used in transactions.

Steps To Open Demat Account in Angel One

  • Demat Account Number (DAN): This is a unique identifier for your demat account, similar to the account number of your bank account. You will use this number for any communication or transaction related to your Demat holdings.

  • Demat Service Provider (DSP): This is the intermediary between you and the depository where your securities are held electronically. The DSP acts on your behalf to deposit and withdraw securities from the depository. In simpler terms, the DSP is like a broker who provides you access to the demat system.

  • Depository: This is a specialized institution that electronically holds and manages securities on behalf of investors. In India, there are two main depositories – National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

  • Nomination facility: This allows you to designate a beneficiary to inherit your holdings in case of your demise. This ensures a smooth transition of your investments to your nominee.

  • Account statement: A Demat account statement provides details about your holdings, transactions, and charges. It’s similar to a bank statement but for your demat holdings. This helps you keep track of your investments and monitor activity in your account.

How to Open a Demat Account in Angle One Online?

The online process offers a more convenient way to open a Demat account. With just a computer, laptop, tablet, or smartphone, you can complete the process and have your Demat account ready in a matter of minutes.

You can easily open a demat account with Angel One online. Here’s a breakdown of the process:

  1. Head to Angel One’s website: Go to the Angel One website (https://www.angelone.in/open-demat-account).
  2. Fill out the online form: Provide your basic details like name, mobile number, and city. You’ll then receive OTPs for verification on your phone and email.
  3. Complete eKYC: Angel One uses Aadhaar for eKYC verification. This simplifies the process by electronically verifying your identity.
  4. Upload documents: You’ll need to upload scanned copies of documents like PAN card, address proof, and identity proof.

eSign and account activation: Once you’ve submitted all the documents, you can e-Sign the agreement electronically. After verification by Angel One, your demat account will be activated.
Here are some additional points to keep in mind:

  • Ensure you have a valid Aadhaar card linked to your mobile number for eKYC verification.
  • Have scanned copies of the required documents ready beforehand to expedite the process.
  • Carefully review the terms and conditions before submitting your application.

Note: By following these steps, you can conveniently set up your demat account with Angel One and start trading online.

List of Accepted KYC Documents - Open a Demat Account in Angle One

In order to open a demat account, you will require certain documents. You will need one proof of identity and one proof of address. Here is a list of accepted documentation that can serve as:

Proof of identity

  1. Passport
  2. Driver’s license
  3. Voter’s ID
  4. Bank verification letter with photo
  5. A photo ID card issued by a central or state government body
  6. ICAI, ICWAI, ICSI, bar council, etc, issued identification cards with photograph

Types of Open a Demat Account in Angle One

There are primarily three types of demat accounts in India, categorized based on residency status and repatriation of funds:

  1. Regular Demat Account: This is the most common type of demat account, suitable for Indian residents. It allows you to hold and trade various financial instruments like stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
  2. Repatriable Demat Account: This account is designed specifically for Non-Resident Indians (NRIs) who want to invest in the Indian stock market. It facilitates the repatriation of funds back to their overseas accounts. NRIs must link this account with a Non-Resident External (NRE) bank account.
  3. Non-Repatriable Demat Account: Another account type for NRIs, but it doesn’t allow for repatriation of funds outside India. NRIs need to link this account with a Non-Resident Ordinary (NRO) bank account.
Here’s a table summarizing the key differences:

Account Type

Residency Requirement

Repatriation of Funds

Linked Bank Account

Regular Demat Account

Indian Resident

Not Applicable

Resident Bank Account

Repatriable Demat Account

NRI

Allowed

NRE Bank Account

Non-Repatriable Demat Account

NRI

Not Allowed

NRO Bank Account

Apart from these, there’s also a category called Basic Service Demat Account (BSDA) introduced by SEBI (Securities and Exchange Board of India). This account is targeted towards small investors and offers lower account maintenance charges for those with smaller holdings

Things to Remember when You Open a Demat Account in Angle One

If you are new to the market investor, you need to be mindful of certain essential pointers while you open a Demat. Here are some of those.

  • Linking is essential: Opening Demat is only half of the job. To start trading, you need a trading account and must link it with the Demat. Without a trading account, a Demat account is merely a depository account to store your investments.
  • Be aware of charges: You must already know that charges vary widely between brokers, depending on their types and the nature of services offered. Based on the style and frequency of your trading, you need to select between a discount broker or a full-service broker.
  • Update correct data: When opening the account, double-check the details provided by you. Any error in your application will get it rejected. Also, if you want to change your mobile number or email ID, update the same information with your DP to keep receiving regular updates on your account.
  • Add nominee: Naming a nominee is something we ignore, but it is absolutely essential. Adding a nominee to your Demat will help you eliminate lots of hassles in the future, like transferring shares. While opening a Demat it is mandatory to add a nominee at the beginning.
  • Be vigilant: Nowadays, most DPs will send you regular transaction/activity updates on your account through SMS and emails. Demat accounts are safe but not protected from fraudulent activities, and so, the responsibility comes to the investor to keep a check on the activities happening in the account and take timely action.

FAQ’s - Open a Demat Account in Angle One

A Demat Account is one of the basic requirements to trade online. A Demat Account allows investors to convert physical shares into the dematerialized format and hold them in electronic form. Apart from shares, the Demat Account can also hold bonds, ETFs, mutual funds, gold bonds, and other similar assets with a unique ISIN number.

If you are opening an online A/c with us, then once your documents are successfully verified and e-Sign is done, your A/c will be activated within 1 hour. You would receive a welcome email to your registered email id once your account is activated.

 

  • Regular Demat account- Traders who reside in India use this type of account.
  • Repatriable Demat account – This account is useful to the Non-Resident Indians as it allows fund transfers abroad. It requires an associated NRE bank account.
  • Non- Repatriable Demat account – This account, too, is for the Non-Resident Indians. However, in this case, funds cannot be transferred abroad, and this account requires an associated NRO bank account.
  • Account opening with Angel One is a 100% paperless process. Following are the documents that are required for opening an account.

    Proof of Identity Documents

    • Pancard
    • Passport
    • Voter ID
    • Driving License

    Proof of Address Documents

    • Passport
    • Voter ID
    • Registered Lease or Sale Agreement
    • Driving License
    • Utility Bills
    • Bank Passbook

Any individual who is a resident of India with the required proof of identification, proof of address, proof of income can open a demat account to purchase and sell securities and other instruments through the stock exchanges in India.

  • Less paperwork since securities held in electronic form & no hassle for the customer.
  • Secure and convenient way to keep track of shares
  • Quick transfer of shares
  • Easy holding no storage risk – Unlike paper certificates dematerialized stocks and shares can’t be stolen or damage or forged.
  • Yes, an NRI can open a demat account; however, rules of FEMA – Foreign Exchange Management Act will be applicable.

    As per Reserve Bank of India (RBI), an NRI can only own up to 5 % of the paid – up capital in an Indian registered company. An NRI can invest in IPOs – Initial Public Offers, however, it is based on a repatriable basis using the NRE demat funds through their NRE (Non-Resident External) Rupee bank account. Nevertheless, if the NRI invests on a non-repatriable basis, then their NRO (Non-Resident Ordinary) Rupee account and NRO demat account will be operated.

    Through the PINS – Portfolio Investment Scheme an NRI is permitted to transact in shares and mutual funds through their account in India.

  • Yes, multiple demat accounts can be opened by an investor. An investor can open more than one account in the same name with the same DP as well as with various other DPs. However, for all accounts, the investor is required to strictly comply with the KYC regulations and provide Proof of Identity, Proof of Address and other documentation proofs as stipulated by SEBI. The PAN card of the investor is mandatory and is required to be furnished at the time of setting up the account

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