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What are the Different Types of Documents Required To Open a Trading Account?

9 Mins 02 Jan 2024 0 COMMENT
Documets required to open a trading account

Trading accounts and demat accounts are two essential components of investing in the stock market. A trading account is used to place buy and sell orders on securities, while a demat account is used to securely hold the assets you own.

In essence, a trading account is your gateway to the stock market. It allows you to execute trades, such as buying and selling stocks, bonds, and other securities. A demat account, on the other hand, is like a safe deposit box for your stocks. It holds your securities in electronic form, ensuring their safety and security.

Thus, to trade in the stock market, you need to have both a trading account and a demat account. These accounts can be opened with a broker or through a bank that offers investment services.

Let's explore the diverse set of documents necessary to open a trading account

What do you need to open a trading account?

Once you have chosen your brokerage firm and familiarised yourself with the trading account opening procedure, you will need to complete a registration form known as Know Your Customer (KYC).

As with the demat account opening process, you are required to submit supporting documentation to establish your identity, address, income, and the validity of your bank account.

The trading account documents required are as follows:

Documents for Proof of Identity (POI):

Proof of identity (POI) documents are essential to verify that you are indeed who you claim to be.

  • Passport: A valid passport is a widely recognized and universally accepted form of POI.
  • Voter's ID card: A voter's ID card issued by the government is another acceptable POI document.
  • Driving license: A valid driving license issued by the government serves as both a POI and a proof of address document.
  • Aadhaar card: An Aadhaar card, issued by the Unique Identification Authority of India (UIDAI), is a multi-purpose ID document that combines POI and proof of address.
  • PAN card: A Permanent Account Number (PAN) card is a tax-related document issued by the Income Tax Department of India. It serves as a POI document and is often required for financial transactions.
  • Valid identity card by the Central or State government with embedded photograph

Documents for Proof of Address:

It is mandatory to provide proof of both your correspondence and permanent addresses. If these two addresses differ, you will need to submit two sets of documents. To verify your residential address, you may submit any of the following documents when opening a trading account.

  • Utility Bills
  • Bank Statements
  • Rent Agreement
  • Resident Indian Passport issued by Government of India
  • Aadhaar Card issued by the UIDAI
  • Voter ID card issued by the election commission
  • Ration card (there are varying opinions on accepting this)
  • Driving license issued by an Indian state RTO

Documents for Proof of Income

Brokers typically do not require income proof unless you intend to activate Futures and Options (F&O) trading. If you want to enable F&O trading, you can submit any of the following documents to demonstrate your financial standing:

  • Salary Slips/ Form 16: Recent salary slips for the gainfully employed, offering insight into your regular income.
  • IT Returns: Copy of Income Tax Return (ITR) filed with the IT Department with acknowledgment
  • Annual income copy audited and certified by a CA
  • Stamped bank account statement of the last 6 months
  • Demat holding statement

Few Additional Points to Remember:

Photographs: Passport-sized photographs are a prerequisite for account opening, ensuring visual identification.

Duly Filled Application Form: This form captures essential details for account setup and compliance purposes.

Initial Deposit: A crucial step in opening a trading account is the initial deposit, often required by brokerages to activate your account and enable trading activities. While some brokerages may not mandate an initial deposit, it is always advisable to have a cheque ready to facilitate a smooth onboarding process.

Can the documents be submitted online?

Yes! Opting for Aadhaar-based authentication when opening a trading account allows you to submit documents electronically, eliminating the need for physical attestation or printed copies. This simplified process, known as Aadhaar-based eKYC, leverages the UIDAI Aadhaar Card database to automatically retrieve your information, provided your mobile number is linked to your Aadhaar card. While document submission is online, an in-person verification (IPV) is still required for complete account activation


It is essential to know the documents required for opening a trading account to begin investing in the financial markets smoothly. Carefully organize all necessary paperwork to expedite the account opening process. For personalized assistance, it is advisable to contact your chosen brokerage firm, which can help you navigate the journey of investing without any hurdles.


Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. AMFI Regn. No.: ARN-0845. We are distributors for Mutual funds. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities markets are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.