Documents required for opening an Demat Account: Below is the complete checklist of documents which are needed to open an demat account such as proof of identity, address proof, etc.
Demat account in a way is similar to your bank account. If you would like to open an Demat account online, then you will need to upload PAN Card and Address Proof on any of the brokers website. You will need to submit your Bank Account Number and IFSC code for opening an Demat account and also furnish your income details. Along with the documents submitted for opening an demat account, you will need to provide your Broker your photographs.
Checklist of documents to open an Demat account.
Below is the complete checklist of documents required to open a Demat account.
Proof of Identity (POI): Driving licence, Voter’s ID, UID or Unique Identification Number.
Proof of Address (POA): Passport, Voter’s ID, Aadhaar, ration card etc
Proof of Bank Account: Cancelled cheque leaf can be provided for this purpose.
PAN Card: A PAN card is mandatory for opening a Demat account with any bank or broker
Photographs: Keep three copies of passport size photographs.
List of documents required or accepted as proof of Identity to open Demat Account.
Below os the checklist of the documents which are accepted as proof of identity to open a Demat account.
PAN Card: Mandatory document required for all the applicants.
Unique Identification Number(UID): The list of documents which falls under UID are Aadhaar card, Passport,Voter ID card, driving licence
Identity attesting document issued by any of the below agencies.
a. Central or State Government departments.
b. Statutory/ Regulatory bodies
c. Public Sector Undertakings (PSU companies)
d. Scheduled commercial banks or public financial companies
e. Universities / Colleges affiliated to universities
f. Member IDs professional bodies like ICAI, ICWAI, ICSI, Bar Council among others can issue for their members.
List of documents required or accepted as proof of address to open Demat Account.
Below is the checklist of documents which are accepted as proof of address to open a Demat account.
a. Passport (check for date of expiry)
b.Voters ID card (with valid photograph)
c. Registered sale or lease agreement of the house
d.Driving licence with photograph
g.Utility or telephone bills
h.Electricity bills (older than 3 months are not admitted)
i.Passbook or bank account statement
j.Proof of address attested by bank managers of scheduled banks, scheduled co-operative banks, gazette officer, notary public, elected representatives of legislative assemblies (MLAs), elected members of parliament (MPs)
k.Documents issued by Central or State Government and its departments
List of documents required or accepted as proof of income to open Demat Account.
Below is the checklist of documents which are accepted as proof of income to open a Demat account.
a. photocopy of the Income Tax Return (ITR) acknowledgement slip submitted to the Income Tax Department during filing of income tax
b. Proof of Salary in the form of a recent Salary Slip or relevant document which proves income or net worth like Form 16
c. A Net Worth Certificate certified by a Chartered Accountant
d. Current bank a/c statement of past six months
e. A statement of Demat account holdings with an eligible Depository Participant
f. Other documents that substantiate ownership of assets through self-declaration along with documents supporting the claim
- Cancelled personalized cheque
- Documents to substantiate ownership of assets.
- Bank account statements for last six months
List of people authorized to attest the documents
List of officials authorised for attesting the documents.
Below is the list of authorised officials for attesting the documents required for opening an demat account are:
A Gazetted Officer, Notary Public, Manager of a Scheduled Commercial/Cooperative Bank or Multinational Foreign Banks. Ensure that you have incorporated the Name, Designation and office seal affixed on the copy.