Note: Guys, if you want to invest in Share Market via Mutual Funds without any brokerage charge then you can use this Groww App. (Most downloaded app on Google Play Store and offers at least 12% return per year on your equity shares)

Hello guys, how are you all doing? Today, we are going to answer to one of the most asked questions in our blog about how to open a Demat account. Now, it’s great that you have finally decided to invest in the stock market and want to be a part owner in big large cap companies like Reliance, Hindustan Unilever, Hero, Maruti Suzuki, Britannia, Nestle etc. But before you can buy any shares of a company, you would require a demat account.

In simple language, you will require to open a demat account in order to buy or sell any shares of any companies in India. Think it like a bank account for your shares. You can add as much money as you want from your bank to your demat account and use that to buy any shares that will be further delivered to your demat account.

Money are saved in banks and shares are delivered in demat accounts.

Now, buying/selling/trading shares in India couldn’t get any easier these days. However, you just need to open a demat account, add some money and start buying and selling shares almost instantly.

In this guide, we will walk you through the whole process on how to open a demat account and buy any share you want.

Requirements to Open a Demat Account –

Documents required to open a demat account is similar to opening a bank account. You will need the following documents –

  1. A valid ID proof.
  2. Adhaar Card.
  3. PAN Card.
  4. A Bank account.

That’s all. I assume you already have all those documents because even if you want to KYC your PayTM wallet, you will require having these documents.

Opening the Demat Account –

Now, there are plenty of brokerage firms that offers to open a demat account but in this tutorial, we will be using Upstox to open our first demat account.

Why should I use Upstox than any other Brokerage firm?

  1. It is approved and licensed by SEBI. (Securities and Exchange Board of India)
  2. Save brokerage cost. (No brokerage cost at all)
  3. Easy account opening procedure. Open account almost instantly.
  4. Super Technology.
  5. Dedicated customer support.

How to open a Demat account with Upstox?

Step 1. Go to Play Store and Download Upstox app. Here’s the direct link of Upstox – Google Play Link (Official App)

Step 2. Open the app and tap on “Create an account”.

Step 3. Enter your email and phone number then tap on “Send OTP”.

Step 4. Now go through the process and fill the application normally and upload the documents for KYC.

Step 5. Account approval process is very simple. It would not take more than 24-48 hours.

Step 6. As soon the account is activated, you may login to the app and start buying/selling/trading stocks.

Step 7. First you will need to add some funds in your account. Tap on “Funds” and add some funds from your bank.

Step 8. As soon the funds are added, you can go to “Watchlist” and buy whatever you want, for instance, TCS, Britannia, Hindustan Unilever, Tech Mahindra, Infosys, SJVN, IRCTC, etc.

Step 9. All the shares will appear on the “Holding” tab.

It’s as easy as that.

However, if you have any issues or queries then please DM me on Instagram @savingseffect.

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