Documents Required For Opening Demat Account
To open a demat account you have to provide documents which fulfill the requirements of KYC( Know Your Client) norms.
Here is the list of documents that require opening Demat Account:
1. PAN Card:
A self-attested photocopy of your PAN Card has to be submitted with the Trading & Demat Account opening application form. Self-attestation (Your signatures) are mandatory to be marked as a valid document.
2. Address Proof:
You are required to submit any one of these following documents as an address proof. Please note, that the below list is a requirement as stated by the regulator SEBI, NSE and the KYC registration agencies.
- AADHAR Card
- Driving License
- Telephone bills
- Electricity bills
- Bank Statement
Take a note that you need to mention about your correspondence and permanent addresses in the account opening procedure. In case the correspondence and permanent addresses are the same then only one proof can be submitted. However for the different correspondence and permanent addresses you need to provide a proof for each of address separately.
If you are already KYC compliant then PAN card and Address Proof is not required.
3. Income Proof:
If you wish to trade in F&O or commodities segment then you are required to provide a proof of income. Some examples of income proof include,
- Copy of ITR Acknowledgement submitted to the Income Tax Department.
- Copy of Net Worth certificate duly signed and certified by a Chartered Account.
- Copy of Form 16 or the latest salary slips.
- Bank account statement of last 6 months.
- Demat account holding statement.
You need to provide 1 passport size photographs with account opening application form. If you wish to add a nominee to your Demat accounts then you will have to provide your nominee’s photograph along with his/her proof of identity.
5. Canceled Cheque :
An original canceled cheque is required to confirm your Bank Account. Cheque should be a personalized one or else at least one month of bank statement with IFSC and MICR codes.