how to open free demat account

 Hello all,

I will guide you about how to open free demat account in Groww app

👉👉Referral Link :- https://groww.app.link/refe/akshay12502077     👈👈

• Steps to Open a Demat Account Online

  Step 1 – Visit the official portal of a broker or online investment platform, like Groww.

  Step 2 – Fill the online application form for a DEMAT account; ensure the number you provide is the same as that on your Aadhaar card. 

  Investing in stocks is now super simple

  • Free Demat account
  • Zero maintenance charges

  Step 3 – Furnish the necessary documents. You may also need to upload your signature. 

  Step 4 – Verify your credentials with the OTP received on your Aadhaar-linked mobile number. Depending on the facilitator, in-person verification might be the mandate. 

  Step 5 – Agree to the terms and conditions of the facilitator, and pay the account opening fee if applicable. 

  Voila! You have successfully opened a DEMAT account.

  But, note that, this DEMAT account opening process may vary across brokers and investment platforms. Nevertheless, take a look at the documents you will need to open a DEMAT account in India. 

  Documents Required for a DEMAT Account

  Opening a DEMAT account is a straightforward process, and only requires a handful of documents, such as – 

  • 1. Aadhaar card
  • 2. PAN card
  • 3. Voter ID card
  • 4. Driver’s license
  • 5. Lease agreement
  • 6. Utility bills
  • 7. Income proof, like salary slip or ITR papers
  • 8. Bank account statements of the past 6 months
  • 9. Cancelled cheque

  Please note, you may not be required to furnish all these documents. It depends on the mode of investing and the broker/platform you have selected. 

  However, there’s more to opening a DEMAT account than knowing about the application process and documentation. In the first place, you must understand the necessity of a DEMAT account.