PNB Demat Account Opening Online

Life gets easier when everything is available at a click of a button or tap on a screen. Therefore, it’s no surprise that the PNB Demat account opening online facility is available for all interested individuals.

If you are an existing customer of PNB then you can easily open a Demat account using net banking or PNB ONE app online and link it with the trading account provided by different stockbrokers discussed ahead.

To get started, let’s have a look at the steps involved in opening a PNB demat account online.

How to Open Demat Account in PNB One App?

The case of the PNB Demat account is a very interesting and unique one. With PNB as your choice of broker, you must have a trading account with any of the following stockbroking services:

• SMC Online
• IDBI Direct
• Aditya Birla Capital
• Geojit

Confused!

Let’s make it simpler, PNB offers the demat and bank account services to its clients but at the same time, it does not have a trading platform of its own. This means that you need to have a trading account with any of the above-mentioned stockbrokers to reap the benefit of 3 in 1 demat account.

The existing user of PNB bank can simply open a demat account using the simple steps discussed below:

• Open a PNB ONE app on your smartphone.
• Enter the Client ID and the MPIN.
• Now select the option of Depository and MF
• Click on Demat and then on the option ‘Open Insta Demat Account’.
• Accept the ‘Terms and Conditions and click on ‘Continue’
• Enter your Bank Account number or select it from the Drop Down.
• Once your number is verified, enter your PAN card number.
• Select the demat account number you want to link.
• Click on the ‘Submit’ button.

Your 3 in 1 account number gets activated within a few hours and you can start trading using the PNB demat account right away.

Other than the mobile app, you can also open an account using the net banking portal of PNB internet banking. The steps of PNB demat account opening are given below:

• Login to the PNB net banking service using a device of your choice.
• Next, click on Retain Internet Banking
• Fill in your credentials and click submit.
• Next, you will see a “menu” drop-down from which you have to select the “Demat Account Linking Online” option
• Select PNB Account number.
• Next, select the broker or depository you have a trading account with.
• Also, select the Demat Account BOID.
• As you will click on “Continue”, you will receive an OTP for verification. Complete that too,
• Once this process is complete, you will have successfully linked a Demat account with PNB and can reap the benefit of Government demat account. 

---

PNB Demat Account Opening Documents

Now there are few documents required for demat account with the stockbroker. The same is true for PNB Demat Account.

These documents are:

• Personal Photographs to upload
• PAN card
• ID proof such as: 
  • Adhaar Card
  • Driving License
  • Passport
  • Voter ID
  • Ration Card
  • Telephone Bill
  • Residence Agreement Document

Those who wish to also trade in Future and Options will have to furnish any of these documents in addition to the ones mentioned above:

• Bank Account Statement or Passbook of last three months.
• Income Tax Returns (last 1 year).
• Salary Slips of last three months.

You should note that if any of the above-mentioned documents are found inauthentic then the Demat application will be rejected. So, it would be better to only submit genuine documents.

---

PNB Demat Account Opening Time

As soon as you complete the PNB Demat account opening online process, on validation of details, your account opens within a few minutes to hours. 

In case the account opening gets delayed, you can check the status using the net banking portal or through the mobile banking PNB ONE app.

Generally, the delay in account opening can be due to one of the following reasons mentioned below:

• Your documents are not complete
• The name on the PAN card is not clear
• The photograph on the document is not clear
• Your mobile number is not registered with an Aadhar card.

So make sure you validate your documents before you proceed with the account opening with PNB.

---

PNB Demat Account Opening Charges

There are several charges levied by a stockbroker out of which is the demat account opening charges. Apparently, you don’t have to pay a single penny with the PNB Demat account opening online process.

However, there are account maintenance charges or AMC for demat account charged annually on your Demat account. PNB AMC charges are minimal and are equal to ₹250/- per annum. 

For senior citizens again there is a relaxation and one can pay the amount equal to ₹150/- p.a. as AMC fees. 

The details of PNB charges are given in the table below:

 

The above information indirectly points to the fact that if you open a trading account with brokers such as SMC online, IDBI Direct, Aditya Birla Capital, and Geojit.

---

Conclusion

One shouldn’t shy away from choosing a bank-based broker especially when broking frauds by new companies is everyday news.

With PNB as your broker, you can feel less tense about your hard-earned money and can simply focus on stock market investment.

Want to begin your investment journey? Get started now by opening a demat account online for FREE!

More on Demat Account