How to open demat account online for free may be is a terribly question these days.once ending, the interest of individuals available market commercialism has grownup considerably.
The documents required for opening a demat account online :
1. Identity proof (Voters id, pan card)
2. Address proof (Voters id, ration card, post paid mobile bill)
3. Photographs (2 or more, depends)
4. PAN Card (Mandatory)
5. Bank account details (The one that needs to be linked to the DEMAT account)
The above mentioned docs should be sufficient to open a DEMAT account online .
Why you Need to have Demat Account?
Demat account permits you to control your shares and securities in De-Materialized (Electronic) kind. you wish a checking account to unbroken your cash during a bank within the same means you needed a demat account to unbroken your shares with a broker. A bank can even be a broker.
Easy Share Transfers
Investors can transfer their holdings through a delivery instruction slip (DIS) or receipt instruction slip (RIS) for buying or selling shares.
Faster Dematerialization & Rematerialization of Securities
Demat account holders can provide instructions to their depository participant (DP) to convert physical certificates into electronic form.
Freezing Demat accounts
Demat account holders can freeze their accounts for a certain period, if required. This option can be beneficial if one wants to prevent unexpected debit or credit into one’s demat account
Multiple Accessing Options
Demat accounts are operat electronically, which means these can be access using multiple modes.
Corporate Benefits & Actions
If the companies offer dividends, refunds, or interest to their investors, these benefits are automatically available to the Demat account holders.
Which Company is the best to open demat account online
There are so many i.e. around 10000 brokers in India. Among them Only 10 stands the best demat providers
Some links to open demat account online