Documents Required for Opening Trading Account 

Thinking of opening a trading account, so you must have essential documents with you. Wondering what documents required for opening trading account.

A trading account is an investment account which includes securities, cash, or other holdings. Basically, a trader account is referred to a day trader’s primary account. It also includes the tax deferred retirement accounts. 

There are two types of trading accounts :

1. A security/standard trading account.
2. A commodity trading account.

Now, let’s discuss about the documents required for opening trading account in India: 

1. Proof of Income : you can use any of the documents as a proof of income :

• Salary slip of the latest month.
• Statement of bank account that shows the income history of 6 months.
• Photocopy of Income Tax Return Acknowledgement slip that is submitted to the Income Tax Department.
• Photocopy of the annual income slip sanction by CA.
• Any document that shows the ownership proof of the asset as self attested.

     2. Proof Of Identity : you can submit any of the documents as Proof of identity :

• PAN card that has a clear and valid photograph.
• Adhaar card/ driving license/voter ID card/passport.
• Identity card that is issued by the state or central government having valid photographs, Public Financial Institutions, University affiliated colleges, credit or debit cards issued by banks.

    3. Proof of Address : you can submit any of the following as a proof of address :

• Utility bills like telephonic bills, gas bills, electricity bills not old more than 3 months. 
• Bank passbook which is not older than 3 months. 
• Passport, voter identity card,ration card,driving license. 
• Address proof in the name of spouse. 
• Address proof authorized by the bank manager of Gazetted officer, Notary public, Member of parliament. 
• In case of new address, self declaration of new address authorized by the judges of high court or supreme court. 

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Conclusion

So, whether you choose a full-service stockbroker or a discount broker in india it is good to keep these documents handy to open an account without delay. 

Apart from this, contact your stockbroker to know any other document essential to open a trading account. 

Wish to Open a Demat Account? Please refer to the below form

 

Know more about Demat Account