Want to invest in share market? Here's who to create Demat account
An investor who wants to invest in stocks or shares or even trade online would have to create a Demat account.
How to Create a Demat Account Online or Offline? How to invest in the stock market? How to invest in the Groww app? How to invest in the share market? How to invest in mutual funds? Well, these are some of the queries that people usually have about the Demat account and stock market.
Various types of accounts are available, from savings to fixed accounts to NRI accounts to Demat accounts. What is a Demat Account? Let's find out. A Demat Account is also known as a Dematerialized Account which allows you to keep shares and assets electronically. Through a Demat account, people purchase shares and store them besides trading them online. A Demat Account combines an individual's interests in stocks, government securities, exchange-traded funds, bonds, and mutual funds.
An investor who wants to invest in stocks or shares or even trade online would have to create a Demat account with a Depository Participant (DP).
How to Create a Demat Account Online?
- Step 1: Choose a safe and secure DP Website
- Step 2: Choose the 'Open Demat Account' option
- Step 3: Fill the Demat Account Opening Form with Proper Details and Submit it
- Step 4: You Will Get an OTP
- Step 5: Submit the Required Documents such as PAN card and Banking details.
- Step 6: Finish the E-KYC Process and Get Your Demat Account Number
How to Create a Demat Account Offline?
- Step 1: Choose a Depository Participant (DP), which may be a licensed bank, financial institution, or a broker with whom you want to create a Demat Account.
- Step 2: Be ready with the required documents
- Step 3: Sign & Submit A Contract That Details All of the Requirements, Limitations, and Rights Related to Having A Demat Account
- Step 4: You will be provided with the unique Client ID
- Step 5: You will get instruction sheets that can be used for depository services like transfer, purchase, and so on.
How to Create a Demat Account via Groww App or how to invest in it?
Demat account can also be opened on Groww App which is one of the most used applications these days. It provides you with simple and easy steps post-download. You only have to fulfill all the required information, step by step.
(For more news and updates apart from 'How to Create a Demat Account Online or Offline?', 'How to invest in the stock market?', 'How to invest in groww app?, 'How to invest in share market?', 'How to invest in mutual funds?' stay tuned to Rozana Spokesman)