Open a Demat Account Today
How to Open a Demat Account?
Know the step by step process of demat account opening with Religare Broking. It is fast & fully secure for all your online investment.
01
Fill the correct basic details - Name, email ID, phone number, address & PAN card number.
02
Add your bank details like - Account number, account type, IFSC code etc.
03
Upload document like - passport photo, address proof & identity proof
04
Verify your identity by esigning through Aadhaar based OTP verification.
On successful verification your demat account will be activated.
Documents Required for Demat Account Opening
-
Proof of identity : Aadhar card, Passport, Voter ID, Driving license or PAN card - Proof of address : Aadhar card, Passport, Voter ID, Driving license or Bank account statement
- Bank account details: Canceled cheque
- Proof of income : ITR return, Recent salary slip, Form 16 or 6 month bank statement
Fees & Pricing
Religare Broking offers affordable & transparent pricing on its demat & online trading offerings with free demat account opening & zero annual maintenance changes for the first year.
| Demat Account Opening | Rs. 0 |
| Demat AMC | Rs. 0 for first Year. |
| Applying for IPO | Rs. 0 (Brokerage will be charged if customer decides to sell the allotted units) |
| Brokerage Charges (Equity, F&O, currency & commodity orders) | Rs. 20 per trade order |
Why Open Demat Account with Religare Broking?
Quick & Easy Account Opening Process
With user-friendly online forms, swift verification, and dedicated support, we make investing hassle-free, allowing you to start trading in no time.
Benefits of 2-in-1 Account
Unlock your online investment potential with Religare Broking's 2-in-1 account - one-stop destination for Demat cum trading account.
Experience Fast & Proactive Online Trading Platforms
Offering you cutting-edge online platforms: Religare Dynami app and web-based trading.
Research
Support
Stay ahead with recent market reports to real-time updates, access to stock screeners, upcoming IPO lists, and personalized research services.
Corporate
Action
Count on us for ongoing support post-account opening. From bonus issues to dividends, we handle corporate actions, ensuring your portfolio stays optimized.
Centralized Dealing Desk & Customer Support
instant customer support for a better experience. Access our centralized dealing desk and dedicated customer support for seamless assistance.
Access to Different Markets
Explore diverse investment avenues with Religare Broking's online trading platforms.
Our Investment Options
Get access to a wide range of security investment options with Religare Broking demat account.
Start Your
Investment Journey
Now with Us
What is a Demat Account?
A Demat Account is an account that allows investors to hold their shares in an electronic form in place of physical form. It is an abbreviation of dematerialization Account. In simple terms, It is similar to a bank account, where you hold your money and respective transaction entries are done in the bank passbook. Similarly, securities too are held in electronic form and are debited or credited accordingly. A demat account can be created with zero balance of shares.
To open a new demat account, you need to upload a few documents & perform simple steps of verification. If your account is created with CDSL you will get a 16 digit demat account number or BO ID (Beneficiary Owner ID) or if created with NSDL, you will get a 14 digit ID prefixed with letters “IN” on completion of process of registration.
Types of Demat Account
Regular Demat Account
Ideal for Indian residents, this account is commonly used by traders and investors.
Repatriable Demat Account
For Non-resident Indians (NRIs). It allows for the transfer of funds abroad if needed, requiring a Non-Resident External (NRE) bank account linkage.
Non-Repatriable Demat Account
This is used by NRIs but comes with limitations on transferring funds to their home country.
Features of Demat Account
Online Trading is convenient
You can easily trade through multiple platforms: Web, mobile and Call & Trade service
Investors can track their investments anytime
Trades are easily accessible; investors can buy and sell securities at any time and anywhere
Investors are able to review all of their options instead of depending on a broker
All the facts and methods to follow a task are stated online and in some simple and user-friendly ways.
Faster and Secure Transactions
A point where physical transfers would take one month or so which has become simplified with a cost-effective method as there are no more stamp duties on transfer of securities.
Hassle-free trading experience
You can easily trade through multiple platforms: Web, mobile and Call & Trade service that lets you have hassle-free and convenient handling.
Benefits of Demat Account
Benefits of Digitalisaiton
It offers dematerialisation service with which you can store your physical shares into electronic form safeguarding it from loss or theft.
High Accessibility
It offers easy access to your portfolio holdings. You can use a smartphone, laptop, tablet, or any other device to log in to your demat account. With enhanced accessibility, you can track your portfolio at all times.
High Security
Your securities are always safe in a demat account. These accounts are protected via several layers of authentication to prevent unauthorized access & password-protected. However, you must not share their passwords with anyone.
Seamless Transfer of Securities
It allows faster settlement of trade. When you purchase securities via the brokerage account, they are credited to the demat account. Similarly, securities are debited from this account when you decide to sell them in the market.
Single Account for Different Holdings
It allows you to hold different types of assets. You can hold stocks, bonds, mutual fund units, or other securities within the same demat account. Since all your holdings are in one place, tracking them and making informed decisions becomes easy.
No Stamp Duty Charges
It saves you from stamp duty charges, as they hold securities in electronic form. Since you aren’t holding physical trade certificates, there will be no duty charges. Annual maintenance charges , custodian, and other charges are also nominal.
Things to Consider Before Opening a Demat Account
Below are the factors that needs to be considered before applying or choosing a demat account provider:
- Trading Account Facility: It is essential to check whether your demat account provider also offers brokerage account facilities.
- Investment Options Available: Choose a demat provider that also offers an investment platform. A trading or investment platform will help with research, analysis, and informed decision-making.
- Account Charges: Consider the associated demat account charges before opening an account. Service providers apply annual maintenance, custodian, dematerialisation, and other charges.
- Account Security: You must consider the security features. Check for password protection, encryption, and other authentication techniques.
- User Interface: Investors usually log in to their holding accounts through trading platforms. Check the platform's user interface for easy access to the holding account.
- Customer Support: Choose a stockbroker or depository participant that offers customer support for issues with demat account.
How to protect your Demat Account Fraudulents?
Protecting your demat account from fraud is paramount in safeguarding your investments. Here are some proactive steps to protect yourself from potential scams:
- Maintain vigilance and keep track of your demat account, especially if you're relocating or not actively trading. Request your depository participant to freeze the account temporarily to prevent unauthorized access.
- Prioritise the security of your login credentials. Refrain from storing them in easily accessible locations and regularly update your passwords to deter unauthorised entry.
- Fortify your account with a strong password, avoiding common phrases or easily guessable combinations. Also, refrain from accessing your Demat account through public or unsecured networks to mitigate the risk of interception.
- Stay vigilant by reviewing account statements diligently and promptly reporting any irregularities to your depository. Ensure your contact details are up-to-date to receive alerts promptly.
- Conduct thorough research on brokerage firms before engaging their services. Verify their credibility, performance history, and market reputation to minimise the risk of fraudulent activities.
How does a Demat Account Help in Buying and Selling for Shares?
You must place an order via your brokerage account to purchase shares. You can place a market order to buy shares at the current market price. You can also place a limit or stop-loss order with the brokerage account. When your order is executed, shares are transferred to your Demat account. Similarly, shares are debited from your dematerialisation account when you decide to sell them. It will be checked whether you have the shares you are trying to sell. After verification, a sale order is placed.
You become the legal owner once shares are transferred to your demat account. They will not be debited from your account until you place a sell order via the brokerage account. After every purchase or sale, you will receive a confirmation. You can check the demat account to confirm your holdings anytime. The settlement of a purchase or sale order will happen automatically and overseen by the stockbroker. Besides stocks, this account helps with the trade of many other securities. You don’t have to delve into technicalities, as investors only place sale or purchase orders.
Our Awards & Accolades
- PFRDA Certificates of appreciation 2022
National Pension System
- Krishi Pragati Awards- 2022
- Krishi Pragati Awards- 2021
- Krishi Pragati Awards- 2020
- NSE Market achievers Awards 2019
Regional Retail Member of the year, North
- Best Broking House- 2019
Bullion by MCX
- Revive & Reactivate Trophy 2018
National pension System
- NSE Market achievers Awards 2018
Regional Retail Member of the year, North
- BSE Commodity Equity Outlook 2017
- NSDL Star Performer Awards 2017
Top performer in New Account opened Non- Bank Category
- SKOCH BSE Award Order of Merit- 2017
Training & Innovation
- NSE Market achievers Awards 2017
Regional Retail Member of the year, North
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>Important Terms for Demat
- Dematerialisation: Physical securities, including share certificates, are converted into electronic form through dematerialisation.
- Depository Participant (DP): A Depository Participant (DP) is an intermediary registered with a depository that offers Demat account services to investors.
- Beneficial Owner: The beneficial owner is the individual or entity that ultimately owns securities held in a Demat account. They enjoy the rights and benefits associated with the securities, such as receiving dividends and participating in other corporate actions.
- International Securities Identification Number (ISIN): ISIN is a unique alphanumeric code assigned to each security, enabling its identification on a global level. A Demat account's securities can be tracked and identified with the use of the ISIN.
- DP ID (Depository Participant Identification): DP ID is a unique identification number assigned to each Depository Participant. It, along with the client ID, is used to identify and differentiate Demat accounts maintained by different DPs.
- Client ID: Client ID is a unique identification number assigned to an investor by the Depository Participant. It helps identify and distinguish individual Demat accounts within a particular DP.
- Nominee: A nominee is a person designated by the Demat account holder to receive the securities in case of the account holder's unfortunate demise.
- Demat Statement: A Demat statement is a document provided by the Depository Participant containing detailed information about the securities held in a Demat account.
- Power of Attorney (POA): POA is a legal document that grants authority to a designated person (often the DP) to manage and operate the Demat account on behalf of the account holder. It facilitates smoother transaction execution and other operational activities.
FAQs
A: There are two main types of demat accounts: Regular and Repatriable (NRI). Regular accounts are for residents of India to trade in the Indian stock market. NRI accounts cater to Non-Resident Indians, allowing them to buy and sell Indian securities while complying with RBI regulations.
Any Indian resident, Non-Resident Indian (NRI), or Foreign Institutional Investor (FII) can open a Demat account. Additionally, minors can have an account with a guardian. It's a crucial step for trading and holding securities in electronic form in India's financial market.
Yes, you can open multiple Demat accounts. There's no restriction on the number of accounts one can hold. However, ensuring compliance with SEBI guidelines and providing accurate information during account opening is important. Managing multiple accounts may require additional attention to prevent any confusion or discrepancies.
Yes, linking a bank account with your demat account is mandatory. This facilitates seamless funds transfer for buying securities and crediting the proceeds from selling securities directly to your linked bank account.
There’s usually no stipulated ‘minimum balance’ of securities that you must maintain in your demat account. However, some brokers might charge a fee if your account remains inactive or holds no securities for a specific period.
To open an NRI/NRO demat account with Religare Broking, you must submit an account opening form and necessary KYC documents, including proof of identity, address, and income. The process might also require a PIS (Portfolio Investment Scheme) letter from RBI for certain transactions.
Completing the Know Your Customer (KYC) process is mandatory before opening a demat account. KYC involves submitting and verifying identification documents like PAN cards, Aadhaar cards, and proof of address. It helps prevent financial fraud and ensures the safety of your transactions.
Religare Broking offers free demat account opening service with zero annual maintenance charges (AMC) for 1 year. To know more, contact customer care for other information on these charges.
Yes, a demat account is generally safe. It’s regulated by the Securities and Exchange Board of India (SEBI) and managed by Depository Participants (DPs) like CDSL and NSDL. However, like any financial account, its safety depends on how securely you handle your login credentials and personal information.
You can contact Religare Broking customer care via their toll-free number or email support. You can also request a callback by filling out the form on their website. Their representatives should be able to guide you through the account opening process. .
If you suspect unauthorized access to your dematerialised account, change your login credentials immediately. Contact our cyber attack helpline number or email us. Below are the details:-
Helpline Number – +91 806-871-3310
Email Id – rblsocteam@religare.com
If you’re experiencing login issues, try resetting your password or clearing your browser cache. If the problem persists, contact Religare Broking’s customer support for assistance.
If you’re facing difficulties while opening a demat account, reach out to the customer care team of your chosen broker. They can assist you in understanding the process, filling out the form, and submitting the necessary documents.
The customer care number for Religare Broking is 1860-25-88888 / 08068713412. It’s recommended to use this number for any queries or issues related to your demat account for accurate and timely assistance.
Have more queries ? Checkout Demat Account FAQs