How to open a demat account

How to open a demat account
4th August,2009 Aditya Bikram Singh




To open a Demat account, you must contact a DP of your choice some are-ICICI securities, Kotak securities, Reliance money, Religare, Karvy, India bulls etc.
And then collect the relevant forms. The forms must be duly filled and signed by all the account holders.
The nomination facility is also available.
The documents that must be provide with the form areas follows:
• Proof of identity (POI) copy of any one proof
-passport
voter id card
Driving license
Pan card with photograph
Identity card/document with applicant’s photo issued by
central government and its departments
Statutory /regulatory authorities
Public sector undertaking
scheduled commercial bank
Public financial Institution
Colleges affiliated to universities (this can be treated as valid only till the time
The applicant as a student)
Professional bodies such as ICAI, ICWAI, ICSI, bar council etc
• Proof of address (POA) copy of any one proof.
Ration card
Passport
Voter ID card
Driving License
Bank Passbook
Verifying telephone bill/electric bill (not more than two month old)
• Copy of PAN card is mandatory

There are no restrictions on the number of DP account to be opened by an individual.
Once the account is opened, the depository issues a unique 8-digit number if through NSDL. This number is called client ID number or the beneficiary account number or De-Mat account number.
The DP ID starts with in followed by 6 digits.
For CDSL account holders, they are issued 16-digit beneficiary account number. This number is unique for every investor registered with CDSL.