Documents required to open Demat account

Demat accounts are very similar to other bank accounts, except that this account is used to hold securities and other financial instruments. Procedures to open this account online is pretty much same across various firms and institutions. 

Here is the list of documents required for opening a Demat account:

A. Proof of Identity (POI):

  1. PAN card/Aadhaar/ Passport/ Voter ID card/ driving license)

B. Proof of Address (POA):

  1. Passport/Voters Identity Card/Ration Card/Registered Lease or Sale Agreement of Residence/Driving License/Flat Maintenance bill/Insurance
  2. Utility bills that are not more than 3 months old
  3. Bank Account Statement/Passbook that is not more than 3 months old

 C. Proof of Income:

  1. Photocopy of the Income Tax Return (ITR) 
  2. Net Worth Certificate certified by a Chartered Accountant, a photocopy of Annual Accounts duly audited by a qualified Chartered Accountant
  3. Proof of Salary in the form of a recent Salary Slip or Form 16
  4. Demat account holdings statement with an eligible Depository Participant
  5. Current bank account statement for the past 6 months
  6. Other documents that prove ownership of assets 

D. Proof of Bank Account

E. 1 to 3 passport size photographs

Browse more