Unlimited Trading at just Rs.399 Rs.199*
Free AMC for first Year
Easy Documentations
General | ||
---|---|---|
Account Opening | ₹0 | ₹200 |
Account Maintenance Charges (AMC) | ₹0 | ₹300 |
Brokerage - Equity / Cash | ||
Delivery Order | ₹0 | Upto 0.55% OR ₹20 |
Intraday Order | ₹0 | Upto 0.19% OR ₹20 |
IPO | ₹0 | ₹4-₹20 |
MTF (e - Margin) | ₹0 | Upto 0.55% OR ₹20 |
Corporate Actions (Buyback / OFS) | ₹0 | Upto 0.55% |
Brokerage - Futures & Options | ||
Derivative Futures Intraday | ₹0 | Upto 0.19% OR ₹20 |
Derivative Futures Carry Forward | ₹0 | Upto 0.05% OR ₹20 |
Derivative Options Intraday | ₹0 | Upto ₹20-₹100 |
Derivative Options Carry Forward | ₹0 | Upto ₹20-₹100 |
Brokerage - Currency | ||
Currency Futures Intraday | ₹0 | Upto 0.19% OR ₹20 |
Currency Futures Carry Forward | ₹0 | Upto 0.05% OR ₹20 |
Currency Options Intraday | ₹0 | Upto ₹20-₹100 |
Currency Options Carry Forward | ₹0 | Upto ₹20-₹100 |
Others | ||
Call & Trade Charges | ₹0 | ₹20 |
Fund Transfer Charges | ₹0 | ₹10 |
Auto - Square Off Charges | ₹0 | ₹30 |
Research Subscription Charges | ₹0 | ₹6 |
To open a Demat account you need to have some essential documents & you can open a Demat account online through your smartphone or laptop.
Enter & verify your mobile number and email ID
Enter PAN & link your bank account
Select plan & eSign
Upload a selfie & signature
Submit documents via Digi locker
A Demat Account is a digital platform that allows users to hold shares and securities in electronic format, facilitating easy trading during online trading. It was introduced in 1996 by the NSE and has significantly digitised the Indian stock trading market, reducing risks of storing, theft, damage, and malpractices. Dematerialisation is converting physical share certificates into electronic form, making them easier to maintain and accessible worldwide. To open a Demat account, investors must open a Depository Participant (DP) and submit all their physical securities with a Dematerialisation Request Form (DRF). Once active, they can convert paper certificates into digital format by mentioning 'Surrendered for Dematerialisation' on the DRF. An acknowledgement slip is received when surrendering share certificates.
Here are the steps to open a Demat account online
Step 1: First, enter your mobile number & email ID & verify it through OTP.
Step 2: Enter your PAN details & link your bank account.
Step 3: Now select plan & eSign.
Step 4: Upload a selfie & signature.
Step 5: Submit essential documents via Digi locker.
To open a Demat account, you need to have some essential documents, some of which are as follows:
You also need to attach bank account details, including your bank account number, and IFSC code and link this account to your bank account for seamless transactions.
Following are a few different kinds of Demat accounts made to meet the unique requirements and tastes of investors:
Indian citizens extensively use this online Demat account to trade stocks, shares, and securities. Linking it to a trading account is necessary for more complex activities like options and futures. The accompanying annual maintenance price, or AMC, differs across suppliers. To cater to smaller investors, SEBI launched the Basic Services Demat Account (BSDA), which reduces or eliminates the AMC depending on the size of the investment, making it more affordable for people with modest assets.
SEBI has created a new variety of Demat accounts. If the holding value of these accounts is less than Rs 50,000, no maintenance adjustments are made. The adjustments range from Rs 50,000 to Rs 2 lakh, or Rs 100. The new account type is intended for novice investors who haven't opened a Demat account yet.
To transfer their profits from the Indian market overseas, non-resident Indian investors register a repatriable account. To open a repatriable account, you must create an external non-resident account to accept payments and cancel your ordinary Demat account in India.
This account is also for non-resident Indians, but it doesn't allow fund transfers to foreign locations.
SEBI has made it mandatory for investors to have a Demat account. If you do not have a Demat, you are unable to trade on the Indian stock exchange. Update yourself on the account opening process, charges, and select a trusted depository participant.
Let’s understand free demat account opening online advantages:
You will frequently see the following terminology when utilising a Demat Account:
as long as they meet the requirements set forth by SEBI. Just as banking services are accessible through branches, depository services are also accessible through DPs.
Delivery brokerage
NSE Future & Options
Intraday
Currency
Demat Accounts make it easier to store, trade, and maintain records for shares. They do away with the requirement for paper certificates and enable investment management from any location at any time using computers or phones.
Open a Demat account online with zero brokerage charges and enjoy unlimited trading at just Rs.199, along with free AMC for the first year and easy documentations.
The act of transferring your physical stocks and shares into digital or electronic form is known as dematerialization.
You can open various types of accounts such as savings, checking, money market, certificate of deposit (CD), retirement (IRA/401k), brokerage, and custodial accounts.
You can trade stocks on the stock market using a Demat account as an adult or as a minor. If you are under eighteen, your parents or a designated guardian may create and manage your Demat account in your name upon the completion of all required paperwork.
No, a Demat account is not required in order to invest in SIPs.
Yes, you typically need a Demat account to apply for an IPO in India as shares allotted are credited directly to the Demat account.
Yes, Demat accounts can be opened in joint names with specific provisions and documentation as per the regulations.
Brokerage costs for trading Futures and Options vary but commonly range from 0.01% to 0.05% of the transaction value.
As per the SEBI guidelines, you need to have a Demat account to invest in the stock market. Opening a Demat account with a broker such as BlinkX provides you with a ton of features & benefits of online trading.
Yes, you can invest in stocks, after you open a Demat & trading account.
The CDSL (Central Depository Services Limited) or the NSDL (National Securities Depository Limited) are the two huge depositories of India. You can open a Demat account in any of these depositories.
BlinkX has a simple onboarding process. You need to share the following information: Proof Of Identity (PAN Card, Aadhaar, Driving Licence), proof of address, and your bank details.
The difference between a Demat and a trading account is that a Demat account holds the shares and securities (bonds, ETFs, mutual fund units, etc.) in digital mode, while a trading account provides the interface to buy and sell shares in the stock market.
Any individual who is a resident of India and 18 years old or above is eligible for opening a Demat account, provided he/she has a PAN card.
The following is the process of transfer of shares from one Demat account to another in brief:
Step 1 - The investor fills the DIS (Delivery Instruction Slip) and submits it to the current broker.
Step 2 - The broker forwards the DIS form or request to the depository.
Step 3 - The depository will transfer your existing shares to the Demat account.
Step 4 - Once all the shares are transferred, the same will be reflected in the investor’s new Demat account.
Yes, a person can hold more than one Demat Account as long as they are all linked to a single PAN.