A demat account is a digital account for holding shares, securities & bonds electronically. Know the step by step process of demat account opening with Religare Broking. It is fast & fully secure for all your online investment.
Fill the correct basic details - Name, email ID, phone number, address & PAN card number.
Add your bank details like - Account number, account type, IFSC code etc.
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
Securities and Exchange Board of India (SEBI) has made it mandatory for stockbrokers to verify KYC documents before offering services. KYC (Know Your Customer) is a process through which we verify your identity, address, and other details. Here are the documents you must upload online to open a demat account
tick Proof of identity : Aadhar card, Passport, Voter ID, Driving license or PAN card
tick Proof of address : Aadhar card, Passport, Voter ID, Driving license or Bank account statement
tick Bank account details: Canceled cheque
tick Proof of income : ITR return, Recent salary slip, Form 16 or 6 month bank statement
Why Open a Demat Account with Religare Broking?
There are many demat account providers in the market. Here’s why Religare Broking stands out:
Some Depository Participants might not offer brokerage accounts with the demat accounts. Religare Broking is a one-stop solution for both brokerage and demat accounts with our 2-in-1 account for online investment. A trading account will offer access to a wide range of securities for trading. On the other hand, the dematerialisation account will hold digitalised securities.
Religare Broking also offers several online trading platforms for investment along with research and analysis data. You can rely on Religare Dynami, a new-age trading app as well as you can choose our web-based trading platform for enhanced trading and research. These platforms will extend access to the Demat cum trading account. Not to forget, you can browse, compare and analyze the historical performance of different securities and funds on our trading platform.
Investors need constant support from the stockbroker after they open a demat account. They often require support for corporate actions like bonus issues, stock splits, or dividends. We manage these corporate actions on your behalf and adjust the portfolio accordingly.
You will have access to different markets for trading. You can trade commodities, currencies, mutual funds, stocks, bonds, derivatives, and other securities with us. It will help you build a diverse portfolio and achieve your financial goals.
Our Investment Options
Get access to a wide range of security investment options with Religare Broking demat account.
You can invest in stocks of different companies to build a diverse portfolio. Our trading platform lets you find and invest in blue-chip, junk, high-growth, undervalued and other stock types with ease.
Mutual Funds & ETFs
Religare allows you to browse different mutual fund schemes and choose the right one. Investing in a mutual fund scheme can compound your returns and build substantial wealth. Invest a lump sum amount in a mutual fund through the trading platform.
Derivatives are financial contracts whose performance depends on the underlying assets. Investors can speculate on future prices of securities through financial contracts. Religare Broking offers access to many futures and options contracts.
Religare Broking facilitates commodity trading. Investors can trade raw materials, metals, and other commodities through financial contracts.
Investors can make profits on price movements of currencies. Currency pairs are traded on the foreign exchange market. Religare Broking provides everything you need for currency trading.
Demat account opening can help you apply for IPOs (Initial Public Offerings). You can invest in an IPO to purchase shares of a newly-turned public company. As the company grows with time, you can get higher returns on your investment.
Debt and Fixed-Income Securities
Debt or fixed-income securities can help individuals with a steady source of income. They represent loan or debt obligations by government and corporate entities. These entities issue debt or fixed-income securities to raise capital.
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What is a Demat Account?
Before you open a demat account, it is essential to understand its purpose. A Demat or dematerialisation account is used to hold securities in electronic form as long as you want. It facilitates the process, through which securities are digitized or dematerialised. People used to carry physical trade certificates before the launch of this service in 1996 in India. Since carrying and storing trade certificates is challenging, you can now open demat account online with Religare Broking to start your investment journey.
Features & Benefits of Demat Account
A demat account allows you to build diverse portfolios. Stocks, derivatives, bonds, mutual fund units, and other securities are stored in this account. An investor is allowed to have multiple demat accounts for trading. However, ensuring that should be linked with the brokerage/trading account. Here are some benefits of demat account opening you must consider:
t is essential to dematerialize financial securities. You cannot always depend on physical trade certificates issued by stock exchanges. Physical certificates can get lost or stolen. With a demat account you don’t have to worry about anything, as securities are stored in digital form.
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.
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 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
The parent company of Religare Broking has won many accolades over the years. REL (Religare Enterprises Limited) has won more than 70 awards between 2008 and 2021. Religare Commodities Limited, Religare Securities Limited, and other subsidiaries have won many awards. Here are some awards won by Religare Broking:
‘Regional Retail Member of the Year – North’ – NSE Market Achievers Awards 2018
‘Pension Champion Trophy’ in 2018 for achieving targets under the National Pension System (NPS) campaign (Non-Bank Category)
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Why You Should Invest in Share Market
After the Demat account opening, you are ready to invest in the share market. Here are some reasons to invest in the share market:
Stocks can help you build a diverse portfolio and spread risks. You can invest in stocks of diverse companies belonging to different industry sectors. You can also invest in startups and established companies to spread the risk. Many investors choose stocks of small, mid, and large-cap companies in their portfolio for diversification.
Many companies offer a part of the profit to existing shareholders. The profit distributed to shareholders is known as a dividend. You might earn dividends by investing in stocks of dividend-giving companies.
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, an NRI (Non-Resident Indian) can open a Demat account in India. It allows NRIs to trade in the Indian stock market and hold securities electronically. The process involves providing the designated depository participant with necessary documents, such as proof of identity, address, and status as an NRI.
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.