What is a Demat Account?

Just like a bank account that safeguards all your liquid cash, an online Demat Account holds all your financial securities in safe custody. When you open a Demat Account with any SEBI registered stockbroker and do any transaction such as buying a share, the shares bought are held in the depositories. There are two depositories in India NSDL and CDSL. These depositories hold shares in an electronic format, in your dematerialized account. You can hold equities, mutual funds, bonds, exchange-traded funds (ETFs), and invest in IPOs (initial public offerings) seamlessly in one click through your Demat Account.

What are the types of Demat Account available in India?

• Regular Demat Account: This is for Indian citizens who reside in the country.
  


• Repatriable Demat Account: This type of demat account is for non-resident Indians (NRIs) who want to transfer money abroad. It needs to be linked to an Non-Resident External (NRE) bank account.
  


• Non-Repatriable Demat Account: This account is also meant for NRIs, but does not allow fund transfers abroad. It has to be linked to an Non-Resident Ordinary (NRO) bank account.
  

What are the benefits of having an Online Demat Account?

Here are some advantages of having a Demat account.

• Completely paperless


• Works in real-time


• You can buy, sell, hold securities and track your position 24*7


• Helps you to hold various kinds of securities


• Reduced the risks of storing, theft, damage, and malpractices by storing securities in electronic format

Reasons to choose a Dhan Demat Account?

By opening a Free Demat Account with Dhan, you get access to industry first features and multi device / platform support.

• Dhan App on Play Store


• Dhan App on iOS


• Options Trader App by Dhan


• Dhan Web


• Trade on TradingView Charts


• Trading APIs by DhanHQ

Detailed Steps on How to Open Demat Account on Dhan?

• Step 1: Enter your mobile number


• Step 2: Enter OTP


• Step 3: Set a password (6 characters, 1 Alphabet & 1 Number)


• Step 4: Enter your email


• Step 5: Enter OTP

• Step 6: Enter your PIN


• Step 7: Upload your PAN card photo


• Step 8: Upload your live selfie


• Step 9: Upload your signature


• Step 10: Choose your annual income, profession and trading experience

• Step 11: Upload your income proof


• Step 12: Enter your IFSC code and bank account number (Make sure its savings account only)

All your documents are now submitted to our KYC team for verification. Once the KYC is completed you will receive a notification "KYC completed"

• Step 13: Please e-sign now


• Step 14: Login to your application (Verify details in account opening form)

• Step 15: Enter your 12-digit Aadhaar number


• Step 16: Enter OTP

Your e-sign verification is completed. Upon confirming all the above steps, your Demat account is now active.