CDSL Demat Account Opening

In the world of the share market, the Demat account is a common and regularly used term. So, if you are looking for the CDSL Demat account opening, here we are with the complete detail of the process.

If you are looking ahead to start investing in the share market, then you should have:

➡️ Bank account

➡️ Trading account 

➡️ Demat account

Opening a CDSL demat account allows you to trade with the brokers registered with the depositories. 

Wondering how to get started? Well! First look for the documents required to open a demat account. 

CDSL Demat Account Opening Documents

To have a look at the CDSL demat account opening documents and to proceed further without hassles, refer to the segment.

 

The documents that are mentioned above are required to open a demat account with the stockbroker.

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CDSL Demat Account Opening Online

Being actively available on various platforms makes an individual relieved to open a demat account with any stockbroker through the online mode. 

Opening a CDSL Demat Account online enables investors to start an investment with the top brokers listed with the depository. So, here opening demat account with depository is possible only through renowned stockbrokers. 

Here is the list of brokers with which you can start trading immediately you open a CDSL Demat Account online. 

• Zerodha
• Angel Broking
• Motilal Oswal
• 5paisa
• Sharekhan

To open a demat account online with the best stock broker it is essential to do some self-analysis. If still confused, refer to the form below and proper guidance will be provided to you:

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Select a Depository Participant

By understanding the goals of your investment, it will become easier for the investor to select the stockbroker.

Go through the necessary information including the charges, background, and many more to make a firm decision of opening an account with a reliable stockbroker registered with CDSL.

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Submit the Account Opening Form

To open a demat account, either you can directly visit the local branch of the stockbroker and fill the registration form 

Or else, apart from this, you can visit the website of the particular stockbroker and then can fill in the demat account opening form.

Many Depository participants allows the opening of both accounts, i.e., a demat account as well as a trading account.

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Understand the KYC Rules

After submitting the opening form, you will be asked to complete the KYC rules. In this, you are required to provide the KYC document’s photocopies which are as follows:

♦ Proof of identity

♦ Bank account statement

♦ Proof of income

Keep the documents along with you before opening the demat account, as it will allow you to work fast and efficiently.

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In-Person Verification 

The ‘In-Person Verification,’ i.e., IPV, is the primary step that is to be completed at the last form opening the demat account.

This step will be done after submitting the account opening form along with the scanned photocopies of the proofs.

This process is basically done for verifying the reliability of the documents that have been submitted by you.

Although, many of the depository participants provides online IPV services with a webcam or smartphones.

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CDSL Demat Account Opening Form

If you are unable to process account opening online, then there is another way round. You can also fill the application offline. 

For this, you are required to follow the steps mentioned below: 

• You can visit the local branch of the depository participant (if available) with whom you want to open the demat account.
• You can also download the form by visiting the DP website. 
• Carry the essential documents as discussed above with a single photocopy along with yourself.
• Fill in the form and submit it in the office, and hence the procedure will carry forward where you will be required to fulfill the KYC norms.

The offline procedure of opening the demat account is more complicated as compared to the online mode.

The procedure is time-consuming and requires patience at the time of opening the demat account.

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CDSL Demat Account Charges

The charges are very important to understand before opening an account with any broker. By keeping this in consideration, the following table provides information on various CDSL stockbrokers.

 

The above table carries the demat account opening charges along with the AMC for Demat Account that is charged by the stockbrokers.

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Conclusion 

The CDSL demat account opening is possible with the stockbrokers or the depository participants who are registered with the depository.

You can activate the demat account via both online and offline methods but make sure you have all the necessary documents handy to avoid any last-minute hassle. 

So start looking for the CDSL registered broker who can offer you valuable services at the least brokerage. 

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Wish to open a Demat Account? Refer to the form below