How To Open Demat account?

How To Open Demat account?

Have you ever wondered what is a demat account? And how does it work? You must have seen many articles and posts on the internet about it, but you will not get information in Hindi on any website. Through this post, we will make you aware of what is a demat account and its benefits.

People can buy or sell shares in the stock market only through Demat account. You must have a PAN card to open this account. Without PAN card you will not be able to open Demat account.

A few years ago, whenever you used to buy shares of a company, that company used to send you some papers related to those shares. Those papers used to be proof that you have invested in that company and keep buying shares in that company, but everything has changed since the advent of Demat Account. So let us know what is this demat account and why it is so important, its complete information in detail.

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What is Demat Account – Demat Account in Hindi
Demat account is used by people to buy or sell shares. Just as people keep their money in a bank account, similarly people keep their shares in a demat account.

What is Demat Account

Whenever we withdraw money from our bank account, we get it in physical form. But as long as it is in the bank, it is a digital currency. Whenever we make payment from debit card anywhere, we also use a form of Digital Payment i.e. Electronic Money Transfer. Similarly, when we have shares in Demat account, we can digitally transfer them to Demat account of any other person. In such a situation, we do not need to keep the shares in physical form.

As I told earlier that whenever you used to buy a share in the old times, the company used to send you the documents related to that share. That was proof that you have invested in the stock. But whenever you used to sell that share, first of all that document would go to the company’s office. There it was seen by the company that when you sold the shares, what was its value and accordingly you used to get money. The process was time-consuming as well as complicated. That’s why most people avoided investing in stocks.

But in today’s time, the world has made a lot of progress. As soon as you buy the share, it will come in your account after some time. And if you sell a share, then its money will be given to you in a short time. Nowadays you do not even need a computer to buy or sell shares, you can do all this from your mobile.

You need a password to access demat accounts and you have to enter the transaction password for the transaction.

How to open your Demat and Trading account in Zerodha?
Documents required to open a demat and trading account in Zerodha.

Documents that are needed:
Below you will get information about the documents required to open a Demat and Trading account in Zerodha. Before applying or applying for Demat Account, I should keep ready photocopy or e-copy of all these documents:

Pan Card / Pan Card
Aadhar Card / Aadhar Card
2 passport size photographs
Canceled Check / Savings Bank Account Passbook
How to Open Demat Account in Zerodha?
Here I will provide you people with information about the method of opening demat account in Zerodha, which you can follow yourself. Before that, definitely read how to earn money from share market.

Step 1: Visit the Zerodha website and click on ‘Open an account’ or Open an account.

Step 2: Fill the details- Here you fill up all the things like your full name, mobile and email and click on ‘call me’.

Step 3: You will receive a call from the Zerodha local representative, and will book an appointment with you to sign the account opening form and collect the documents from you. Which you have to decide when you will be able to give time for this.

Step 4: You have to pay the account opening fee using netbanking or card. The information of which will be given by the representative.

Step 5: After submission of documents, your Demat and Trading account will be opened in 4-7 days.

If you are submitting the form online then you have to send the filled application to the given address (official address of Zerodha).

If you want to invest your money in Share Market, then you can create your account on Discount Broker “Zerodha”. In this very soon and easily you can open Demat Account and buy shares in it. Its link is given below.

Zerodha Account

How much does it take to open a demat account?
If you are thinking that you will have to spend a lot of money in opening a Demat account, then you are wrong. You can open Demat Account very easily in just 300 to 700 ₹.