What is a Demat Account?
Demat Account facilitates the holding of shares and securities in electronic format. A Demat Account holds all the investments of an individual whether shares, ETFs, mutual funds, etc in one place. Initially, opening a Demat Account was a time-consuming process, but with Angel One (formerly known as Angel Broking), it is easy and hassle-free. Open a free Demat Account with Angel One today and enjoy a wide range of benefits.
Open Your Free Demat Account
In 5 Minutes
- Mobile number and email
- PAN and bank details
- Aadhaar number and link it through Digilocker
- Take a selfie
- E-sign the form
Like a Bank Account that keeps your physical money safe in the form of digital currency for easier transactions, opening a free DEMAT Account acts as a safe for the shares/stocks that you’ve bought. Online free DEMAT Account keeps your shares and stocks in a digital format, thus enabling you to keep track of the price movement.
Earlier, shares/stocks were kept in the form of physical receipts. This made it difficult for investors to keep hold of the receipts for a longer time. The advent of the DEMAT account thus made it easy for investors and traders to trade instantly and keep shares for as long as they desire. However, you need to have a trading account for the purpose of doing a sell transaction. Without a trading account you won’t be able to sell the shares that you’ve brought and kept in the DEMAT Account. Opening a Demat Account comes with lots of benefits such as there is no hassle to keep hold of the physical receipts, it saves time and makes it easy for investors and traders to learn and track their portfolio 24 by 7.
With the use of advanced technology, it is now possible for individuals to open a two-in-one account, which can be understood by viewing the video alongside or reading the text below.
Before registering for a Free* Demat Account, remember to keep the following documents handy:-
- PAN Card
- AADHAR Card
- Signed & cancelled blank bank cheque
- BANK Account Statement (for past 6 months)
To open a DEMAT Account, follow the following given steps:-
Step1 – Filling out Personal Details: To begin with, you will have to register with your mobile number and email address, and verify the same via OTP.
Step2 – Submitting necessary documents: To open a free DEMAT Account, you will have to verify your PAN Number, Aadhar Card details, Bank Account Number & IFSC Code with the Broker.
Step3 – Completing E-KYC: To complete your E-KYC, you will have to fill in your personal details such as your income, your marital status, address, nominee, etc.
Step4 – E-sign Aadhar Validation: For the last step, you will have to e-verify your Aadhar. This can be done by receiving an OTP to your Aadhar registered mobile number or by uploading the ‘front’ and ‘back’ side photographs of your Aadhar card.On successful account opening, you will be communicated your User Id and Password via email.
Start Process Click on link below:
For Angel Demat Account
If want to open in Other Broker House click on create free Demat Account.