Home

>

Open Demat Account

Demat Account Opening

close

Unlimited Trading at just Rs.399 Rs.199*

close

Free AMC for first Year

close

Save more with ZERO brokerage plans

Start your investment journey

50years

Enter your mobile number to continue

*By signing up you agree to our  terms & conditions

Count your Savings, Not Charges!

0

Delivery brokerage

0

NSE Future & Options

0

Intraday

0

Currency

How to open a Demat account

STEP 1

Easily verify your mobile number and email ID with the given OTP.

STEP 2

Enter your PAN details

STEP 3

Select a plan that suits your needs.

STEP 4

Complete your registration by securely submitting your bank details to activate your Demat account!

Our Legacy

50+ Years

of Trust

Legacy Card

10 Lakhs +

Total Clients

Legacy Card

30,000* Cr+

AUM

Legacy Card

55,000* Cr+

Equity Average Trade Volume

Legacy Card

*Data as on 31st of March 2024

Save nearly Rs. 50,000 of brokerage in just 6 months!

BlinkXOthers
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

image

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.

image

Zero Brokerage Trading

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

image

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.

image

Free Research Calls

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

image

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.

What customers say about us

Ritu Bhardwaj

Mumbai

The ui is very cool making it easy for beginners to use this app. it's theme adds to the appeal, and the stability makes it an excellent choice.

Ishaank Jain

Delhi

Great Application for all the traders and investors out there. As well as the customer support is really timed and prompt. They also provide good recommendations under the research section inside the application which is really helpful.

Mohit Goswami

Mangalore

The app is really amazing, and with the order management functionality, The portfolio tracking system allows me to view all my investments in one place. In our busy lives, trading becomes easy with these features.

Download app

Access the Swift, Simple and Powerful BlinkX
App

Rated 4.7 on Playstore.

iconicon

Open Demat Account FAQs

Why do we need a demat account?

plus

What are the fees & charges for opening an account with BlinkX?

plus

What do you mean by dematerialization?

plus

What are the types of accounts that I can open?

plus

Who can open a Demat Account?

plus

Do I need to open a Demat Account for SIP?

plus

Do I need a Demat account to apply for an IPO in India?

plus

Can demat accounts be opened in joint names?

plus

What is the brokerage cost of trading in Futures and Options?

plus

Is a Demat account safe to trade?

plus

Can you invest in a stock?

plus

What is CDSL & NSDL?

plus

What are the documents required to open a Demat account?

plus

Is a Demat account the same as a trading account?

plus

Who is eligible to open a Demat account?

plus

How do I transfer from one Demat account to another Demat account?

plus

Can a person have more than one Demat account on his name?

plus