What Documents are Required to Open Sharekhan Demat Account?

Sharekhan is India’s third-largest full-service stockbroker. The firm has a branch of sub-brokers and franchisees pan India and despite a higher brokerage, it has managed to be very popular among its retail clients.

Many people still wonder why to have a Demat account? But with the Demat account, traders can “buy”, “store”, and “sell” shares in an electronic form. All this happens in a dematerialized form, just like a bank account.

Thus Sharekhan allows its customers to reap the benefit of Opening Sharekhan Free Demat Account.

A Sharekhan Demat account not only makes investing safer but also saves a lot of time. However, investors are required to follow some guidelines. 

Documents Required to Open Demat Account in Sharekhan

Following are the documents required to open an individual/ joint  Sharekhan Demat account:

1. Account Opening Form

The foremost thing required to open a Demat account is a duly fill the “Demat Account Opening Form” along with the “KYC Application Form”

Remember that the Sharekhan Demat account opening pdf can not be downloaded i.e, it is not available online. To avail of the account opening form, you must visit the local branch.

2. Photograph 

A photograph of the holder or holders (in case of a joint account) must be pasted on the form and signed across.

3. Identity Proof (Any One Of These)

• PAN card (with your photograph)
• Unique Identification Number (UID) / Aadhaar Card
• Passport
• Voter ID card
• Valid Driving license

All these identity card/documents with the applicant’s photograph must be issued by any of the following: 

• Central Government or State Government, and its Departments
• The Statutory and Regulatory authorities, 
• Public Sector Undertakings
• Scheduled Commercial Banks
• Public Financial Institutions
• Colleges affiliated to Universities 
• Affiliation of Professional Bodies to its members – ICAI, ICWAI, ICSI, Bar Council 
• Credit and Debit cards issued by banks.

4. Address Proof (Any one Of These)

• Passport
• Voters Identity Card
• Ration Card
• Registered Lease / Sale Agreement of Residence
• Valid Driving License
• Utility bills – telephone landline bill, electricity bill, a gas bill  (All these should not be more than 3 months old)
• Bank Account Statement/Passbook (not more than 3 months old)

The above-mentioned documents must be issued by any of the following:

• Bank managers of scheduled Commercial / Co-Operative Banks (with gazetted identity card/document with address)
• Central or State Government and its departments 
• Statutory/Regulatory Authorities
• Public Sector Undertakings
• Scheduled Commercial Banks 
• Public Financial Institutions 
• Colleges affiliated to Universities 
• Professional Bodies – ICAI, ICWAI, ICSI, Bar Council

5. Other Documents

Bank Account Details (an original, canceled cheque with the account holder’s name, account number, IFSC Code, MICR code, and branch details).

6. Income Proof 

The proof of income or net worth is mandatory if you wish to invest in Derivatives (futures and options) and commodities. 

Either of the following documents can be provided for the same:

• Form 16
• IT Acknowledgement Copy
• Bank statement (for the last six months)
• Stock Holding statement
• An attested certificate from a verified Chartered Accountant confirming your net worth

In case the “primary account holder” is a minor, then the account opening must contain the details (personal information, respective documents) of the parent or guardian and should be attested with their signature.

If you are interested in trading and want to know the details, you can read How to open minor Demat Account? and Sharekhan Trading Account Opening Charges.

Also, know about Sharekhan Demat Account AMC Charges and Sharekhan DP ID.

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Conclusion

Sharekhan’s personalized customer services, investors’ education programs, and an advanced trading platform have made it a highly desirable broker among the masses.

Talking about the documents for a Sharekhan Demat account, note that the account forms can only be availed of by visiting the local branches.

If you were not sure of the documentation and requirements, this article must have cleared it all. 

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Looking forward to opening the Demat account

 

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