Demat account is a basic precondition for investment in Indian stock market. Demat Account is just like a bank account where actual money is replaced dionica.Demat account facilitates buying and selling shares, off cumbersome paperwork and delays is nonsense. You have access to internally displaced persons (depository participant), to open a Demat account.
Documents required to open Demat account
Open a Demat account to trade in the Indian market share is as simple as opening a savings bank account. You can open a Demat account with a bank or depository participants (DP). The application, the following documents are required to open Demat account:
• The duly filled application form.
• Photocopies of passport, pan card (optional), driver's license for proof of identity.
• Photocopies of passport, telephone bill, driver's license, voter ID card for proof of residency.
• Photos of the appropriate size of the person's passport.
• Details of bank account that will be associated with a Demat account.
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