How to Open a Demat Account?

In today’s digital times, opening a Demat account is just a matter of a few clicks, with the help of online web and application facilities.

Storage of your securities and shares, along with other investments is made quite easy with the help of Dematerialisation accounts or Demat accounts. The best part is that opening a Demat account can be done by filling an online application form. 

Also, the documentation for Demat account opening is very minimal, involving your PAN Card, address proof, proof of identity, and bank proof.

Opening a Demat account requires you to follow simple steps, which are:

• Step 1: Visit Bajaj Financial Securities Limited and search for the Demat account opening link.

• Step 2: After locating the link, complete the application form by providing the mandatory information.

• Step 3: Enter your address, as mentioned on your address proof documents (like your Aadhaar card).

• Step 4: Now, add the details of the bank account which you want to link with the recently opened Demat account.

• Step 5: Next, you need to upload a soft copy of your KYC documents. – like PAN, Aadhaar, photographs, signature, etc.

• Step 6: To complete the in-person verification, record a short video of yourself.

• Step 7: Now, e-sign your application via your Aadhaar linked mobile number and click on ‘Submit’.

• Step 8: Review and submit your application. Ensure you’ve entered your details correctly before you submit your application.

• Step 9: Once your verification is completed successfully, your Demat account will be opened, and you will receive the login credentials in no time.

Investing in the stock market is convenient for you with the help of various facilities provided by a Demat account. Read on for more.

• Storing your investments in digital form is possible with Demat accounts, ensuring safety of your important details.

• Your financial instruments are safe as a Demat account is secure, compared to storing or keeping physical investment certificates at home.

• A Demat account is mandatory for Initial Public Offerings

• You can transfer your existing shares faster and more efficiently with a Demat account, as it is a completely online process.

• Get access to the dematerialisation facility, where your physical shares can be converted to a digital form for storing in your Demat account. Similarly, you get rematerialisation facilities, where your shares are converted back to physical format from e-format, i.e., paper certificates.
  
  
• With the Pledging feature, a Demat account holder can offer existing shares as security and avail of trading limits. 
  

A Demat account typically does not involve any charges, but there are some additional fees and charges that you should know. Here are a few charges applicable on a Bajaj Financial Securities Limited Demat Account:

*The rates and charges in the above table are subject to change as per Bajaj Financial Securities Limited terms and conditions and government regulations.

When you open your Demat account, you get a 16-digit unique numeric code known as the Demat account number. This differentiates your Demat account from other accounts. Keeping this information private and safe is essential.

A Demat Account Number is essential because:

• Acts as a unique representation

• Useful in cross-checking transactions

• Helps in separating and organising transactions

• Required during queries and Redressal 

You have the facility of tracking and maintaining your securities, shares and other investments digitally. It helps to keep all your investments in one place and transact easily on the go.

Disclaimer: Rates and specifics are subject to change as per the service provider’s policies. 

The investment frequency and amount of every investor is different, based on their preferences, method of investing and other factors. Some prefer to buy shares for the long term, while others like to take intraday positions. 

There can be differences in the instrument used for trading, like some prefer equity, while some take more interest in derivatives.

To serve the needs of every customer, Bajaj Financial Securities Limited provides the following subscription packages, each with its own unique features and benefits.

Here are some reasons why opening a Demat account with Bajaj Financial Securities Limited is your best bet:

• Registered DP: Bajaj Financial Securities Limited is a registered DP, i.e., Depository Participant with the NSDL and CDSL. It is a registered stockbroker with BSE and NSE.
  
  
• Brand Name with a Rich Legacy: Bajaj Financial Securities Limited is a 100% subsidiary of Bajaj Finance Ltd – a company that has established its trust and legacy in the market for decades.
  

• Pan India presence:  Bajaj Financial Securities Limited has a wide network of branches in all the major cities of India and is easily accessible to one and all. Apart from the seamless digital platform, customers can also opt to visit one of the nearest branches seamlessly too.