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Open demat account online - demat account opening - Motilal Oswal

Demat account opening - Motilal oswal provides us with the best returns on investment.<br>

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Open demat account online - demat account opening - Motilal Oswal

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  1. Learn what is Demat account?

  2. What is a Demat Account? • Shares and bonds were once traded using physical receipts known as certificates. This, however, resulted in a lot of paperwork and wasted a lot of time. In 1996, the process of dematerialisation (demat) of shares was started to combat this and to take advantage of an electronic trading network that was gaining momentum in the West and Asian markets. Physical share certificates were exchanged for electronic securities of the same number and price, which were then credited to the investor's demat account. As a result, trading began in this manner.

  3. How To Open A DematAccount • The process to demat account openingis very straightforward. One must choose the correct depository participant and complete the demat account opening form on time. The following four simple steps can be used to clarify the situation: • Step 1. Select the Depository Participant (DP)Select the location where you want to open a Demat Account, then the Depository Participant with whom you want to open a Demat Account. The service is available from most brokerages and financial institutions. • Step 2. Fill up demat account opening formThen, along with copies of the relevant documents and a passport-sized snapshot, fill out the demat account opening form and submit it. You'll also require a PAN card. Bring the original papers as well, just in case. • Step 3. Read Rules & RegulationsYou will be given a copy of the rules and regulations, as well as the terms of the agreement and the fees you will be charged. • 4. Step 4. In-Person Verification An In-Person Verification will be performed as part of the procedure. A member of the DP's team will contact you to double-check the information you given on the demat account application.

  4. WHAT ARE THE DOCUMENTS REQUIRED TO OPEN A DEMAT ACCOUNT? PROOF OF IDENTITY PROOF OF ADDRESS Ration card, passport, voter ID card, driving licence, bank passbook or bank statement, verified copies of electricity bills, residence telephone bills, leave and licence agreement or sale agreement, self-declaration by High Court or Supreme Court judges, identity card or a document with address issued by the central or state government and its departments, statutory or regulatory authorities • PAN card, voter's ID, passport, driver's licence, bank attestation, IT returns, electricity bill, phone bill, and ID cards with applicant's photo issued by the central or state government and its departments, statutory or regulatory authorities, public sector undertakings (PSUs), scheduled commercial banks, public financial institutions, colleges affiliated with universities, or professional bodies

  5. Conlusion • There are many advantages of having a demat account. You will be able to exchange stocks online. Your records are kept secure, and fraudulent transactions are unlikely. Overall, a demat account provides several benefits.

  6. Thank you!!

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