Demat Account Opening

  • Zero Brokerage Charges

    Unlimited Trading at just Rs.399 Rs.199*

  • Zero Brokerage Charges

    Free AMC for first Year

  • Zero Brokerage Charges

    Save more with ZERO brokerage plans

Start your investment journey

50years

Count your Savings, Not Charges!

0

Delivery brokerage

0

NSE Future & Options

0

Intraday

0

Currency

How to open a Demat account

To open a Demat account you need to have some essential documents & you can open a Demat account online through your smartphone or laptop.

STEP 1

STEP 1

Mobile & Email Verification

STEP 2

STEP 2

Enter PAN & Choose Plan

STEP 3

STEP 3

Submit Bank Account & Documents via Digilocker

STEP 4

STEP 4

Upload Signature & Selfie

STEP 5

STEP 5

Nomination & eSign

Our Legacy

50 Years

of Trust

10 Lakhs +

Clients

88000 Cr +

AUM

38000 Cr +

Equity Average Trade Volume

50 Years

of Trust

10 Lakhs +

Clients

88000 Cr +

AUM

38000 Cr +

Equity Average Trade Volume

Save nearly Rs. 50,000 of brokerage in just 6 months!
BlinkX
Others
General
Account Opening₹0₹200
Account Maintenance Charges (AMC)₹0₹300
Brokerage - Equity / Cash
Delivery Order₹0Upto 0.55% OR ₹20
Intraday Order₹0Upto 0.19% OR ₹20
IPO₹0₹4-₹20
MTF (e - Margin)₹0Upto 0.55% OR ₹20
Corporate Actions (Buyback / OFS)₹0Upto 0.55%
Brokerage - Futures & Options
Derivative Futures Intraday₹0Upto 0.19% OR ₹20
Derivative Futures Carry Forward₹0Upto 0.05% OR ₹20
Derivative Options Intraday₹0Upto ₹20-₹100
Derivative Options Carry Forward₹0Upto ₹20-₹100
Brokerage - Currency
Currency Futures Intraday₹0Upto 0.19% OR ₹20
Currency Futures Carry Forward₹0Upto 0.05% OR ₹20
Currency Options Intraday₹0Upto ₹20-₹100
Currency Options Carry Forward₹0Upto ₹20-₹100
Others
Call & Trade Charges₹0₹20
Fund Transfer Charges₹0₹10
Auto - Square Off Charges₹0₹30
Research Subscription Charges₹0₹6

Why Open Demat Account with BlinkX

No Hidden Charges

BlinkX prioritizes clear and upfront pricing. Our "No Hidden Charges" policy ensures you can invest with confidence, knowing all associated costs are readily available.

Zero Brokerage Trading

By subscribing to one of our flexible plans, you'll enjoy seamless trading experiences without incurring brokerage fees.

Zero AMC

Enjoy a full year with zero AMC (Annual Maintenance Charges). Start your journey hassle-free and without additional fees for the initial year.

Free Research Calls

Access research calls and additional perks with no extra cost! Unlock valuable insights and benefits to make informed decisions.

50 years of expertise

Benefit from 50 years of expertise from JM Financial. Trust the legacy of excellence and knowledge to guide you towards financial prosperity.

What is a Demat account?

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.

What are the Steps to Open a Demat Account?

Here are the steps to open a Demat account online

Step 1: Mobile & Email Verification

Step 2: Enter PAN & Choose Plan.

Step 3: Submit Bank Account & Documents via Digilocker

Step 4: Upload Signature & Selfie

Step 5: Nomination & eSign

Documents required to Open Demat Account

To open a Demat account, you need to have some essential documents, some of which are as follows:

Proof of Identity (POI)

  • Aadhaar card
  • Passport
  • Voter ID card
  • Driver's license
  • PAN card (Permanent Account Number)
  • Any government-issued photo ID

Proof of Address (POA)

  1. Aadhaar card
  2. Passport
  3. Voter ID card
  4. Driver's license
  5. Utility bills (electricity bill, water bill, gas bill, etc.) not older than three months
  6. Bank account statement (can use recent three-month statements)
  7. Rent agreement (only for residential addresses)
  8. Passport-size photographs: You will need to provide a few recent passport-sized photographs as per the DP's requirements.

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.

Types of Demat Account

Following are a few different kinds of Demat accounts made to meet the unique requirements and tastes of investors:

Regular Demat Account

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.

Basic Services Demat Account

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.

Repatriable Demat Account

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.

Non-repatriable Account

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.

Advantages of Opening a Demat Account with BlinkX

Let’s understand free demat account opening online advantages: 

  • Convenience: BlinkX Demat account allows you to conveniently hold your shares & trade in the share market. This makes it easy to manage your portfolio. 
  • Better Speed: Online trading is much faster than traditional paper-based trading. You can buy and sell shares in real time during market hours.
  • Competitive Brokerage Charges: BlinkX trading platform offers lower brokerage fees and other charges compared to traditional brokerage houses. 
  • Calculate the brokerage charges using BlinkX Brokerage Calculator.
  • Ease of tracking: You can easily track your portfolio performance and valuation on a real-time basis through the BlinkX trading app. You also get regular account statements on your register.
  • Safe environment: Get a safe & secure environment for online trading. Holding shares in an electronic demat format eliminates the risk associated with your physical certificate storage like theft, forgery, damage etc.
  • Investing in IPOs:  Having a demat account makes you eligible to apply for IPOs online through the BlinkX stock trading app.

Common Terms of a Demat Account

You will frequently see the following terminology when utilising a Demat Account:

  • Depository: Currently, CDSL, the Central Depository of Securities Ltd., and NSDL, the National Depository of Securities Ltd., are the two depositories registered with SEBI. These depositories hold your demat account on your behalf, a task akin to what a bank would do.
  • Depository Participant(s)(DP): Through an agency, all investors transact with the depository (CDSL/NSDL). A DP can be registered by financial institutions, scheduled commercial banks, foreign banks that have their operations in India approved by the Reserve Bank of India (RBI), stock brokers, Share transfer agents, NBFCs, state financial companies, clearing houses, etc.

 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.

  • Portfolio Holding: Each time a transaction is made, you may examine your investments in your portfolio through your demat account. Every sale and buy is meticulously documented, including the exact amount, quantity, date of purchase, and price, due to the automated nature of the process.
  • Unique ID: A unique verification identity number is assigned to each and every demat account. This helps the firms identify and credit the securities in the investor's account during transactions. This 16-digit number is distinct; the DP ID is represented by the first eight digits, and the client ID (investment account) by the last eight.
  • Demat Account Statement: A statement sent by the DP each month to account holders showing the holdings and transactions during that period. 
  • Delivery Instruction Slip (DIS): This is an authorization slip issued by the investor to the DP to debit or credit shares to the trader’s Demat account for transactions.
  • Pledge: The process of pledging Demat account shares with a lender to avail loans against shares.
  • Settlement: The process of transferring shares and funds between the buyer's and seller's Demat account after a trading transaction.

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Open Demat Account FAQs

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.