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What is a Demat Account?

A Demat Account (short for Dematerialised Account) allows you to hold shares and securities in digital form. You can buy and sell shares via a single Demat Account, making it an easy and convenient way of investing. A Demat Account can hold all the investments you make in shares, exchange-traded funds, government securities bonds, insurance and mutual funds in one place.

With a Demat Account, the risks concerning owning a physical certificate like theft, forgery, loss and damage are eliminated. Buying and selling of shares are quick, secure and convenient using a Demat Account. Moreover, you receive shares automatically into your account in the event of stock bonuses, mergers, etc. You can easily access your information and check all the activities by simply logging in to your Demat Account anytime, anywhere. You can also connect your Demat Account with your trading account, making it easier to access all your holdings and to check your balance while trading. Since there are no stamp duties involved in transferring shares, a Demat Account allows you to benefit from the reduced transaction costs.

Intraday Trading Brokerage Charges

₹20

Intraday Trading Brokerage Charges (Unlimited per order)

Sell stocks and get money within 30 mins

30 mins

Sell stocks and get money within 30 mins

Margin Funding interest rate to buy stocks

8.9% P.A.

Margin Funding interest rate to buy stocks

  • ₹0

    Futures trading charges

    01
  • ₹20

    Options & Intraday trading (Unlimited per order)

    02
  • ₹20

    Commodity & Currency Derivative (Unlimited per order)

    03

How To Open Demat Account?

  • Enter your mobile number
  • Link your bank account
  • Identify yourself by validating Aadhaar
  • Enter personal details & Upload documents
  • Verify your Live Photo & E-Sign documents

Benefits of Demat Account

One-stop storage

One-stop storage

You can track all your investments and transactions through a single Demat Account.

Safety and security of assets

Safety and security of assets

There is no fear of loss, theft or damage to the stocks and securities owing to their digital format.

Elimination of Odd-lots

Elimination of Odd-lots

Buying and selling of single units are possible with a Demat Account.

Reduced costs

Reduced costs

Stamp duty and other handling costs are eliminated due to the digital format.

Easy liquidation and monetisation

Easy liquidation and monetisation

A Demat Account offers easy liquidation of assets.

Effortless KYC Updation

Effortless KYC Updation

You can easily update the change in your address, mobile number or nominee details via a single Demat Account.

Swift settlements

Swift settlements

The settlement cycle is reduced considerably, saving you time and effort.

Easy Transmission

Easy Transmission

By holding a joint account or adding a next-of-kin as a nominee, you can effortlessly transfer your assets.

Features of Demat Account

Having a Demat Account can make financial transactions so much easier. Let's look at some of the features of Demat Account

Simplified buying and selling of shares

Simplified buying and selling of shares

With the help of your Demat Account, you can easily buy and sell shares online. Formally, to transfer shares physically would take anywhere between a fortnight to a month. Your Demat Account ensures a simplified process with reduced costs. Besides, holding your securities in the electronic form does not require stamp duty when transferring them.

Transfer securities electronically

Transfer securities electronically

With your Demat Account, you can transfer your securities online in a fraction of a second. You can also use online Delivery Instructions Slips [DIS] when transferring securities from one Demat Account account to another electronically.

Loans on your securities

Loans on your securities

When you choose an online Demat Account opening initiative, you also get the benefit of taking a loan on your securities. By pledging your securities that you hold in your online Demat Account account as collateral for a loan, you can obtain the necessary funds during emergencies.

Receive dividends directly

Receive dividends directly

Through your Demat Account, you can receive stock dividends and bonus issues of shares released by companies directly and safely.

Quicker dematerialization and rematerialization

Quicker dematerialization and rematerialization

By providing instructions to your Depositary Participant [DP] you can choose to convert your physical certificates into electronic form whenever needed. At the same time, you can also convert your certificates in its physical form electronically if required.

Option to freeze the account

Option to freeze the account

You can also freeze your Demat Account for a specific period, whenever required. This feature comes in handy if you are looking to avoid unexpected debits or credits into your Demat Account. You can also opt to freeze your Demat Account for a specific number of securities in the account.

Accessing multiple options

Accessing multiple options

You can operate your Demat Account electronically through multiple devices and modes. You can access your Demat Account through a computer, laptop, and other smart devices through the Internet.

Easy access to the Indian stock market

Easy access to the Indian stock market

If you are a Non-Resident Indian, you can also open a Demat Account and invest in shares in the Indian stock market through your NRE or NRO bank account.

Documents Required to Open Demat Account

To open a Demat Account requires specific documents. Below is a complete checklist of documents to open Demat Account.

  1. Proof of identity [POI]

    These could include your driving license, voter identification, Unique Identification Number [UID].

  2. Proof of Address (POA)

    As a document proof for address to open Demat Account online, you will need to provide passport copy, ration card, voter identification, driving license with photograph, maintenance bill, insurance papers, utility our telephone receipts, electricity bills not older than three months, bank account statement or passbook, Aadhaar etc.

  3. Proof of income

    If you're looking to trade in derivatives such as futures and options, you need to provide a copy of your Income Tax Returns [ITR] acknowledgment, proof of salary, current bank account statement, as part of the Demat Account opening process.

  4. Proof of bank account

    You will need to furnish a canceled personalized cheque leaf.

  5. PAN Card

    This is a mandatory piece of document that is important when opening a PAN Card.

  6. Recent photographs

    Ideally, you may be asked to provide three copies of recent passport size photographs to open a Demat Account.

  7. Power of attorney [POA]

    You will also need to sign an agreement papers such as the power of attorney, in addition to the required documents when opening your Demat Account. A POA helps a broker transfer securities and several margins, unsettled trades and transfer funds from your account. The POA document must be given in the name of the brokerage company and not any employee within the brokerage firm as it contains your Demat Account number and bank account details.

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FAQ

What are the charges of demat account?

To know more about its charges, visit

https://www.icicidirect.com/services/brokerage/prime-plan

To open your demat account, it typically takes 2 to 5 working days — depending on the kind of account.

After submitting your demat account application form, the Depository Participant [DP] will carry out the necessary verification of the information you provided in the form. On successful verification, you will be provided with your login details. In the event that your application is not processed, due to any missing information, you will be notified by our representative.

A joint demat account is one a primary account holder can hold the same account another holder. In a joint demat account account, there can be a maximum of three account holders, with one primary holder. However, a joint demat account cannot be opened with a minor.

Yes. You need to link the two accounts for seamless and hassle free transactions.

Yes. You can open multiple demat accounts as long as you open them with different Depository Participants [DP]. That means, you cannot open more than one demat account through the same depositary participant.

Typically, there are three different types of demat accounts: a regular Demat Account, Repatriable Demat Account and Non-Repatriable Demat Account.

Yes. You can open a demat account without a trading account. To convert your physical shareholdings and hold them into the dematerialized format, a demat account works as a repository that does not require a trading account.

As part of a three and one account, you get the combination and benefits of a savings bank account, trading account and the demat account. All these three are linked to one another for seamless online investments and trading in the stock market.

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. AMFI Regn. No.: ARN-0845. PFRDA registration numbers:  POP no -05092018. I-Sec acts as a Composite Corporate agent having registration number –CA0113. Investments in securities market are subject to market risks, read all the related documents carefully before investing.Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Please note, Mutual Fund, Corporate Fixed Deposits, Bonds, IPO and Loans related services are not Exchange traded products and I-Sec is acting as a distributor to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. 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 mentioned are solely for informational and educational purpose.

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