What Documents Are Required to Open a Demat Account

Knowing the documents required for opening a Demat account can help you prepare for the process better. You can keep the paperwork ready and open an account instantly to invest in the stock market without any hassles. 

 

The specific documents required may vary slightly across different Depository Participants (DPs) or brokers. It is ideal to check with your chosen DP about their exact requirements before submitting the application. The key is to have all the necessary KYC (Know Your Customer) documents ready before starting the demat account opening process.

Submitting documents that verify your identity is essential, as they form a part of KYC documents. The majority of the institutions accept any of the following as identity proof: 

• Aadhaar card

• Driver's licence

• Passport

• Voter ID card

• Permanent Account Number (PAN) card 

• Any other document, as notified by the government

• Latest passport-size photographs

This document ensures you are providing the correct contact information when opening a Demat account. It also helps institutions locate the subscriber easily during discrepancies or fraud.

 

The accepted documents as proof of address for a Demat account includes the following:

• Aadhaar card

• Driver's licence

• Passport

• Voter ID card

• NREGA job card

• Utility bills- electricity bill/telephone bill/water bill/piped gas bill

• Statement of a bank account or post office savings bank account

These details help confirm your bank account information for trade transactions. It also helps Depository Participants (DPs) know if you can manage investments and financial obligations, including account charges. 

 

Proof of bank and income documents for a Demat account include the following:

• Cancelled cheque

• Bank statement for the last 6 months

• Salary slips for the last 3 months

• Income tax return copy 

 

However, note that income proof is not mandatory and depends on the institution. You need to submit all aforementioned documents with a completed form mentioning the following particulars:

• Type of account

• Your personal details

• Details of the second holder (if any)

• Guardian details

• Bank account details

• Financial information such as PAN details

• Latest photograph

• Declaration by the account holder

 

Provide these documents to a broker of your choice and open a Demat account without much hassle.

Here are the individuals authorised for attestation:

• Notary Public

• Gazetted Officer

• Manager of public or cooperative bank

 

Any NRI opening a Demat account with an Indian DP can get an attestation from the following:

• Notary Public

• Court Magistrate

• Judge

• Indian Embassy/Consulate General

• Authorised officials of overseas branches of scheduled commercial banks registered in India