Opening a best Demat Account is essential to trade in stock exchanges. It is possible to hold different investment policies like mutual funds, funds, and equity shares under one Demat Account.
There is no possibility of transferring one Demat Account to another but one can transfer shares from Demat Account to another. Added advantage on opening a Demat Account is that you can link your trading account with Demat Account.
If you are an independent individual without any brokers or financial institution help then the first step is that you select the depository participant.
Step – 2
Any process that is done first needs an application form to be filled out. The same way fill up the Demat Account opening form with the required documents and your passport sized photo. Owning a pan card is must to be included in the required documents.
Step – 3
After reading the rules and regulations, the process will be continued with In- Person verification. After all these steps and verifications, you will be provided with a Demat Account number and a client ID and after that you can operate your account online.