Any student above 18 years of age can open a demat account by providing necessary documents.
If you are going to start investment in the stock market, then you have to open the first step in your investment and trading. In this, all your securities (stock, bonds, mutual funds, etc.) are kept in the same integrated electronic format. It is very important for the new investor to understand the conditions and eligibility criteria required for the demat account. There are some of your terms and conditions to open a demat account.
Who is the character to open a demat account
According to Groww, individual retail investors aged 18 or above can open this account. Minors with PAN cards can also open a demat account under the supervision of the guardian. In addition, NRIs can open the NRI (NRI), (HUF), partnership firm, limited liability partnership (LLP), public limited companies, private limited companies, trusts, society demat accounts.
Which documents will be needed
PAN card (compulsory)
For NRI, a portfolio investment scheme (PIS) permission letter is required from the Reserve Bank of India, and the demat account must be connected to the NRE/NRO bank account.
For companies, incorporation certificate, memorandum of Association (MOA), and association articles (AOAs) are essential.
Voter ID
Driving license
Passport
Aadhar card
Any valid identity card issued by the central or state government
Voter ID Card
Driving license
Aadhar card
Passport
Ration card
Bank account details or passbook
Utility Bill (electricity, water, gas or telephone)
Bank account details of last 6 months
Current Salary Slip/Form 16
ITR receipt copy
Demat holdings details
Net-rate certificate per
Canceled check or bank passbook for bank account proof.
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