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Documents Required To Open A Demat Account

A Demat account is similar to any other bank account, except that it is used to hold securities and other financial instruments.

As the procedure to open demats account online is almost the same across different firms and institutions, the list of mandatory documents required to register the account is also the same.

If you wish to trade online, you will need to open a demat account

The different types of documents required for opening a Demat account are:

  1. Account Opening Form -

Duly filled Demat Account Opening Form (Individual/Joint) along with KYC Application Form (Individual/Joint).

  1. Proof of Identity (POI)

PAN card with a valid photograph. This is a mandatory requirement for all applicants except those who are specifically exempt from obtaining PAN (listed in Exemptions/Clarifications to PAN section)

Unique Identification Number (UID) (Aadhaar/ Passport/ Voter ID card/ driving license)

Identity card/document with applicant’s photo, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Member IDs by Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc. and Credit Cards/Debit Cards issued by Banks

  1. Proof of Address (POA)

Passport/Voters Identity Card/Ration Card/Registered Lease or Sale Agreement of Residence/Driving License/Flat Maintenance bill/Insurance Copy

Utility bills like Telephone Bill (only landline), Electricity bill or Gas bill – Not more than 3 months old

Bank Account Statement/Passbook – Not more than 3 months old

Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts

Proof of Address issued by any of the following: Bank Managers of Scheduled Commercial Banks, Scheduled Co-Operative Bank or Multinational Foreign Banks/Gazetted Officer/Notary public/Elected representatives to the Legislative Assembly or Parliament/Documents issued by any Government or Statutory Authority

Identity card/document with address, issued by any of the following: Central/State Government and its Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members

For FII/sub account: Power of Attorney document given by FII/sub-account to the Custodians (which are duly notarized and/or apostilled or consularised) that mentions the registered address

The proof of address in the name of the spouse may be accepted

  1. Proof of Income (For trading in derivatives such as F&O)

A photocopy of the Income Tax Return (ITR) Acknowledgement slip submitted to the Income Tax Department during tax filing

A Net Worth Certificate certified by a Chartered Accountant; alternatively a photocopy of the Annual Accounts duly audited by a qualified Chartered Accountant

Proof of Salary in the form of a recent Salary Slip or relevant document which proves income or net worth like form 16

A statement of Demat account holdings with an eligible Depository Participant

Current bank account statement reflecting the income history of the client for the past 6 months

Other documents that substantiate ownership of assets through self-declaration along with documents supporting the claim

  1. Proof of Bank Account

An original canceled cheque that bears your printed name, Account number, IFSC Code, MICR code, and Bank and Branch details.

  1. PAN Card

  1. 1 to 3 passport size photographs

If the primary holder is a minor, then the account opening form should have the details of the parent or guardian along with their signature, personal information, and respective documents.

Disclaimer-

ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470.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.

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