Open Free Demat Account
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Why Open Demat Account with SMC?
Free AMC for 1st Year
Free Research Advisory
Free Webinars
Free Dedicated RM Support
Our Demat Account Opening Process
Fill in Personal Details
Enter PAN & Bank Details
Upload Documents
E-sign Form
List of Documents to be Uploaded
ID Proof
PAN Card
Address Proof
Aadhaar Card / Passport / Voter ID / Driving License
Bank Details
Bank Statement / Cheque / Passbook
Signature Proof
Signature on blank white paper
FAQs on Demat Account
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.
• All your investments are held in an electronic form, which reduces paperwork.
• Eliminates all the risks associated in dealing with physical shares like physical damage or misplacement.
• Ensures the safety of your stocks with no storing risks.
• Supports Quick share transfer.
• Allows faster transaction, resulting in quick credit for investors.
For Individuals, documents required include:
• PAN Card
• Address Proof (Aadhaar Card preferred)
• Proof of Bank Details
• Income Proof (For derivatives & currency segment)
• Signature (on blank white paper)
Note: If bank verification fails, bank proof is mandatory to submit.
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.
If you have applied for an offline A/c opening and sent across your application along with the documents, it generally takes 24 hours for your account to be activated. Any discrepancies in the submitted forms or documents would delay the account opening process.
You can open All-in-one Investment Account. This is the right choice for you if you wish to invest in stocks directly as well as invest in mutual funds. You get a Trading A/c + Mutual Funds + Demat A/c. You can also open Only Mutual A/c, if you wish to invest only in Mutual Funds.
No, Demat account is not needed for Mutual Fund investments of any kind including SIP. It is compulsory only for trading in stock market.
It is advisable to get the allotment of an IPO in demat form as the shares issued are tradable only in the demat form. However, an investor has the option to apply and receive the shares in physical form. In any case, for all IPO of any security of issue size of Rs. 10 crore or more, issues have to be compulsorily be only in dematerialized form.
Yes, a Demat account can be opened in single or joint names. A maximum of 3 names can be added in the joint Demat account- 1 main holder and 2 joint holders.
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Disclaimer:
Investments in securities market are subject to market risks, read all the related documents carefully before investing. This report is for informational purpose only and contains information, opinion, material obtained from reliable sources and every effort has been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, SMC, its employees and its group companies shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means without prior written permission of the SMC is prohibited. Please note that we and our affiliates, officers, directors and employees, including person involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) may trade in this securities in ways different from those discussed in this report or (c) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instrument of the company (ies) discussed herein or may perform or seek to perform investment banking services for such Company (ies) or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect of any recommendation and related information and opinions, All disputes shall be subject to the exclusive jurisdiction or Delhi High Court. *T&C