Open Demat and Trading Account

Open your trading account with Bajaj Financial Securities within a few minutes from the comfort of your home. The documents required are; PAN card, address proof, identity proof, bank details, your signature and one photograph. Here's what you need to do:

• Click on 'Open Account' to access the form
• Add the necessary details, PAN, mobile number, address, bank details, etc
• Upload the required KYC documents
• E-sign the form and submit the application

You will receive the login and password post account activation.

Here are the benefits of a demat account:

1. Safe storage of shares in digital form that cannot be tampered, stolen or lost
2. Demat account holds multiple investments like shares, bonds, mutual fund units etc
3. It can be accessed from anywhere by simply logging into the online account
4. You can add a nominee
5. Share splits, bonus shares, dividends get automatically updated in the demat account

For opening a demat and trading account with Bajaj Financial Securities Limited, you will need:

• PAN card
• Address proof (passport, driving licence, voter ID, Aadhar card, or bank statement)
• Passport size photo
• Cancelled cheque
  

A depository participant helps the demat and trading account holder access the depositories. A depository is an institution that stores shares and securities in dematerialised form. National Securities Depository Limited (NSDL) and Central Depository Service India Limited (CDSL) are the two depositories in India.

You need to open a demat account with a depository participant, like Bajaj Financial Securities Limited, to access these depositories. Depository participants can be a brokerage firm or a bank, basically who help investors open a demat account and facilitate trade in the stock exchange. They act as intermediaries between the depository and the stock exchange.

Any Indian individual above 18 years can open an online demat and trading account with BFSL. It is mandatory to have a PAN card, a bank account, and documents for identity and address proof like Aadhar card, voter ID, passport or driving license.

A demat account holds a digital repository of shares, equities, bonds, etc., while a trading account has the funds used to trade in the share market. An investor can buy and sell assets as frequently as they want within the same trading session with a trading account.

Both demat and trading accounts are necessary for trading online in the stock exchange. With Bajaj Financial Securities Limited, you can open a demat and trading account in a few easy steps and start trading online.

Let us look at the various types of Demat Accounts:

• Regular Demat Account: This is only for Indian citizens, who reside in India.
• Repatriable Demat Account: This type of Demat account is for Non-Resident Indians (NRI). Once a customer becomes NRI, they need to close their regular Demat account and open a Non-Resident Ordinary (NRO) demat account along with Non-Resident External bank account, which is a must for Non-Resident Indians.
• Non-Repatriable Demat Account: This is a Demat account for NRIs, however, the funds cannot be transferred abroad through this account. Users will also need a NRO bank account for this.
  

Yes, you can open multiple Demat accounts, however, as per the rules you must link your PAN number with all the Demat accounts. Also, you cannot open multiple Demat accounts with the same Depository Participant (DP).

Yes, it is possible to open a joint Demat Account. There can be three members in one Demat account. One primary holder and two joint holders. However, a minor cannot be included in a joint Demat account.

The shares in your Demat Account can be transferred to another person after completing the due process. You can also transfer your Demat Account from one broker to another.

It is not compulsory to have a Demat Account, however, once you get the IPO application, the shares will be added to your Demat Account. So yes, you will eventually require a Demat account, and it is advisable to open one before applying for an IPO.

No, you do not require a Demat account for SIPs in Mutual Funds. You can opt for these SIPs without a Demat account through any asset management company, or your bank or other institutions who offer such services.

A Demat account can hold almost all types of securities like, Stocks, Mutual Funds, Exchange Traded Funds, Bonds, and Government Securities.

Yes, you can hold Mutual Funds in a Demat Account.

No, you cannot withdraw money from a Demat Account. All transactions will happen with your trading account linked to that Demat Account. The objective of the Demat Account is to just electronically store shares.

Yes, you can apply for an IPO using your Demat Account. Online discount stockbrokers have made the process simple for investors if they have a Demat Account. You can apply in just a few clicks.