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A Beginner's Guide to Opening a Demat Account

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Published date: 2024/08/06
  • Location: India
A Beginner's Guide to Opening a Demat Account
A Beginner's Guide to Opening a Demat Account


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Opening a Demat account is a straightforward process. First, choose a depository participant (DP), such as a bank or brokerage firm, where you want to open the account. Next, fill out the application form, providing necessary details like your PAN card, Aadhaar, and bank account information. Submit required documents for identity, address proof, and a passport-sized photograph. After completing the in-person verification (IPV) process, sign the agreement provided by the DP. Once your documents are verified, you'll receive your Demat account number and client ID, allowing you to start trading and holding securities electronically.

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