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How to Open Demat Account?

Steps to open a Demat Account

Step 01

Verify your personal details

Step 02

Complete self KYC Process

Step 03

Digitally sign your document with e-signature

Documents Required To Open A Demat Account

Below is a complete checklist of required documents

PAN Card

Mandatory and important document to open a demat account.


Sign on a white paper and upload it. Ensure that your signature matches the one on your PAN card.

Bank proof

As proof of your bank account, enter correct IFSC code and bank account number. Image of a cancelled cheque or your bank statement/passbook for the last six months is required only if Bank verification fails.

Financial document

To trade in derivatives such as F&O, you need to submit the soft copy of the Income Tax Return (ITR) statement, salary slips for three months, bank statement for six months, net-worth certificate, Demat holding statement, or holding report. This is optional and not mandatory.


Open a Demat Account online with ICICI Direct in 10 mins

Things to know before opening a Demat Account

What Is A Demat Account?

Demat account is the short form for Dematerialized account. It is a digital platform for trading of financial securities like Stocks, Mutual Funds, ETF, Insurance, Bonds, and Government Securities. Unlike earlier days wherein physical certificates were issues for trading in share market, Demat account allows the traders to hold their shares in a digital or electronic format for share market trading. As the stocks and securities are stored in an electronic form, it makes buying and selling of shares very easy and transparent and helps the investors or traders easily manage their holdings.

Once the Demat account is opened, the shares that are brought are credited to your Demat account electronically and when sold, they are debited from your Demat account. For example, if you buy 10 Infosys shares, those shares will be stored in your Demat account. If you decide to sell 5 of them, the Demat account will reflect that change. It makes buying and selling investments easy and secure, eliminates the need for physical paperwork.

Types of Demat Account

Before you open a Demat account, understanding the various types of Demat accounts is important so that you can understand your needs and consider relevant factors before selecting the most suitable Demat account.

The types of Demat accounts in Indian share market are:
Type of Demat Account Description
Regular Demat Account Standard Demat account for residents, allowing the holding and trading of various financial securities such as stocks, bonds, and mutual funds.
Repatriable Demat Account Specifically designed for Non-Resident Indians (NRIs), this account allows the repatriation (transfer back) of both the sale proceeds of investments and the capital invested.
Non-Repatriable Demat Account Another option for NRIs, this account also caters to the non-Repatriable category, meaning that funds (capital and profits) must be maintained within India and cannot be repatriated.
Basic Service Demat Account Designed to make Demat account services accessible and affordable for small investors (Students). It comes with certain limitations and concessions to cater to the needs of individuals with fewer holdings.

Features and benefits of a Demat account

  • Invest in various financial products: Besides stocks, Demat account allows you to invest in various other financial products too like Futures and Options, Commodity, Currency, Bonds, Exchange Traded Funds (ETFs), Mutual Funds, etc.
  • Easy Portfolio Monitoring: Since the Demat account is electronically managed and is available at your fingertips, it becomes very easy to monitor, review and modify your investment portfolio from anywhere.
  • One stop storage:Users can track their investments and transactions through a single Demat Account.
  • Safety and Security of assets: As the Demat account is a digital platform it reduces the risk of investment due to no fear of document loss, tampering, theft, etc.
  • Elimination of odd lots: Before Demat account, buying and selling of shares had to be done in fixed quantities. But with the digital platform available for trading, traders can now buy or sell shares in the desired quantities or volumes.
  • Reduced costs: Stamp duty and other handling costs are eliminated due to the digital format.
  • Easy transmission:A joint Demat Account can add a next-of-kin as a nominee to effortlessly transfer assets.
  • Auto transfer of corporate benefits: Get automatic update of corporate actions such as dividends, bonus issues, right shares or stock splits in the Demat account.

Eligibility Criteria to Open Demat Account

Below are two eligibility criteria to open a Demat account:

  • Age Criteria: Individuals who are 18 years or older are eligible to open a Demat account. In some cases, minors can also have a Demat account with a guardian's consent.
  • KYC Compliance: Know Your Customer (KYC) compliance is mandatory. It involves providing identity proof, address proof, and photographs. Documents like Aadhar cards, PAN cards, passports, voter IDs, and utility bills are commonly accepted for KYC.

Demat Account Charges

There are different charges you need to pay for using a Demat account. The actual charge will vary depending on your depository participant.

Demat Account Opening Charges

DPs charge a one-time fee when you open a Demat account. The charge covers the administrative costs of setting up the account.

Annual Maintenance Charges (AMC)

AMC is an annual fee for maintaining the Demat account. It is a recurring charge and varies among DPs. Some DPs offer lifetime free AMC for the first year or for a specified duration as part of promotional offers.

Transaction Charges

Transaction charges are incurred for every buy or sell transaction conducted through the Demat account. These charges may be based on the transaction value or the number of securities traded.

Additional Service Charges

DPs may charge fees for additional services, such as a physical account statement, SMS alerts, or email statements. These charges are usually optional and depend on the investor's preferences.

Various Investment Options with Demat Account

Trade in Equities & Futures and Options

Futures and Options or F&O market refers to the buying and selling of an underlying asset. An individual can participate in the equities as well as the F&O market by opening a Demat account. The Demat account helps traders hold shares and other securities.

Invest in Mutual Funds

A mutual fund is a financial instrument which pools in money from several investors to purchase a diversified portfolio. Systematic investment plan (SIP) and lump sump are the two ways to invest in a mutual fund. With the help of an ICICI Direct demat account, one can invest in a SIP with just one click.

Invest in Exchange Traded Funds (ETFs)

An exchange traded fund invests in multiple underlying assets rather than just one. Investors receive an interest for putting their money in the fund. A Demat account holder can opt for this basket index fund.

Trade in Commodities

The commodity market deals in raw products rather than manufactured products. It involves buying and selling of goods such as crude oil, gold, coffee, silver, and so on. In order to trade in the commodity market a Demat account is required along with a commodity trading account.

Features of ICICI Direct Demat Account

A Demat Account makes financial transactions easy and convenient. It becomes very important to analyse the best DP to open Demat account and avail all the benefits. Features of ICICI Direct’s Demat account are

Simplified buying and selling of shares

At ICICI Direct, you get the opportunity to have a 3-in-1 account and 2-in-1 account. With the 3-in-1 account, the bank account also gets linked to the Demat and trading account providing a seamless trading experience to the investors.

Accessing multiple options

A user can operate a Demat Account electronically through various devices and modes. The ICICI Direct’s Apps are designed to enhance the user experience and provide all the required information in one go.

Transfer securities electronically

With a Demat Account, users can transfer securities online in seconds. Delivery Instruction Slips [DIS] are used to transfer securities from one Demat Account electronically.

Receive dividends directly

Users can receive stock dividends and bonus issues of shares released by companies directly and safely through a ICICI Direct Demat Account.

Option to freeze the account

A Demat Account can be suspended for a specific period whenever needed. This feature comes in handy when users avoid unexpected debits or credits into their Demat Account. Users can also opt to freeze their Demat Account for a specific number of securities in the account and with an efficient customer support team, the entire process becomes easier.

Easy access to the Indian stock market

Non-Resident Indians can also open a Demat Account and invest in shares in the Indian stock market through their NRE or NRO bank account. ICICI Direct facilitates the opening of a NRI Demat account effectively and efficiently.

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Demat Account FAQs

To know more about the Demat account charges of ICICI Direct Demat account, visit https://www.icicidirect.com/services/brokerage/prime-plan

To open your Demat account with ICICI Direct it takes 10 minutes.

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 a Dematerialized account in which two or more individuals can hold and manage securities (such as stocks, bonds, and mutual funds) jointly with equal rights. These individuals could be, for example, family members, business partners, or friends. ICICI Direct Demat account gives you the facility of opening a Joint Demat account

A 3-in-1 Demat account is an account that combines three essential components into a single integrated package for seamless trading and investing. The three components are:

Demat Account:This is the account where you hold your securities such as stocks, bonds, and other financial instruments in electronic form.  

Trading Account: A trading account is used for buying and selling securities in the stock market. The trading account is linked to your demat account for the seamless transfer of securities during transactions.

Bank Account:The bank account is linked to the demat and trading accounts to facilitate the transfer of funds for buying and selling securities

There is no minimum balance requirement to maintain a Demat account.

The process will vary from one depository participant to another. Here are the steps you need to follow if you have a Demat account with ICICI Direct:

  • Login to ICICI Direct website.
  • Look for the 'Customer Service' page.
  • Go to the 'My Account' section.
  • Scroll down to the 'My Account Details' section.
  • You will find your Demat account number in this section.

The nominee addition details vary from platform to platform. If you have an account with ICICI Direct, you can add nominees through online and offline routes. For the online route, you can log in to your account go to the Settings section, and add the nominee details.

Yes, it is possible to transfer shares from one Demat account to another. This process is known as Demat account transfer.

In general, the option will be available under the 'Fund' section of your account. You can log in to your DP account, look for 'Funds', and under it, you will see the 'Withdraw Funds' (or something similar) option. Click on it and submit the request.

Mutual funds in India can be held in two primary forms: in physical form (paper certificates) or in Dematerialized (Demat) form. Therefore, a Demat account is not mandatory for mutual funds.

Yes, it is possible to have more than one Demat account. You may choose to open multiple Demat accounts for various reasons, depending on your financial needs and preferences.

Yes. A Demat account is generally considered a safe and secure way to hold and manage your financial securities. They are regulated and managed by the Securities and Exchange Board of India (SEBI), which oversees the functioning of Demat accounts and depository participants.

No, a Demat account is not required for investing in Systematic Investment Plans (SIPs) of mutual funds.

As of February 2024, the number of Demat accounts in India are 14.39 crore.

Yes. A government employee, like any other individual, can open a Demat account.

Checking the shares in your Demat account involves accessing your Demat account statement, which provides a detailed overview of the securities held in electronic form. The process may slightly vary depending on your Depository Participant (DP), but here are general steps you can follow:

  • Log In to Your Demat Account
  • Navigate to Holdings or Portfolio Section
  • View Detailed Holdings
  • Filter by Asset Class
  • Check Transaction History

Your Demat account number is not typically directly associated with your PAN (Permanent Account Number) card. The Demat account number is assigned by your Depository Participant (DP) when you open a Demat account with them. To know the Demat account number using PAN card follow these simple steps:

  • Check Demat account statements
  • Contact customer support
  • Check welcome kit or account opening documents
  • Visit DP's Office

Converting physical shares into electronic or Demat form is a process known as Dematerialization. The process involves converting the physical share certificates into electronic form, and the resulting electronic securities are then credited to your Demat account. Here are the general steps to convert physical shares into a Demat account:

  • Open a Demat Account
  • Complete KYC Process:
  • Fill Dematerialization Request Form (DRF)
  • Submit DRF and Physical Certificates
  • Verification Process
  • Cancellation of Physical Certificates
  • Credit to Demat Account

In the context of a Demat account, DP name refers to the name of the Depository Participant (DP) with whom an individual holds their Demat account. A DP is an entity registered with the depository (such as NSDL or CDSL) and acts as an intermediary between the account holder and the depository.