List Of Documents to Open a Demat Account

Opening a Demat account is similar to opening a bank account, but it’s used for holding securities and financial instruments. The process is straightforward and generally the same across different firms. Angel One makes it even simpler with fewer required documents.

Essential Documents for KYC

To open a Demat account, you’ll need to provide proof of identity, proof of address, proof of bank account, and proof of income. Here’s a list of the accepted documents:

Proof of Identity

• PAN Card (mandatory)
• Bank verification letter with photo
• Government-issued photo ID (Passport, Driver’s License, Aadhaar ID, Voter’s ID)

Proof of Address

• Aadhaar Card
• Driving License
• Passport
• Voter ID
• NREGA Job Card (only for offline account opening)
• National Population Register (NPR) letter (only for offline account opening)

Note: Make sure your address documents are current and valid within three months of submission.

Proof of Bank Account

• Latest bank statement showing your account name and number
• Personalized canceled cheque leaf with signature

For online account opening, Angel One verifies bank details via IMPS validation or reverse penny drop verification. Uploading a cheque leaf is a backup option.

Proof of Income

Required only for trading in derivatives like Futures and Options (F&O):

• Photocopy of the Income Tax Return (ITR) acknowledgment slip
• Last six months’ bank statement
• Latest salary slip

Conclusion

Your broker might request additional proof of identity, address, and income. After submitting and verifying all documents, your account will be opened. Ensure all documents are valid for a faster, hassle-free process. Once your Demat account is open, you can explore stocks and mutual funds to begin your investment journey.