28 Jun 2022 | 9:21 AM

Religare Online Demat Account

What is a Demat account?

A Demat Account is an account that allows investors to hold their shares in an electronic form.
Stocks in Demat account remain in dematerialized form. Dematerialization is the process of converting physical shares into electronic format. A demat account number is required to enable electronic settlements of all the trades. Demat account functions like a bank account, where you hold your money and respective entries are done in bank passbook. In a similar form, securities too are held in electronic form and are debited or credited accordingly. A demat account can be opened with no balance of shares. You can have a zero balance in your account.

Why should you have a Demat Account:

As it is difficult to hold shares in physical forms because it involves a lot of paperwork, long process and risk of fake shares. So, for simple and seamless trading and investing, Demat account is must to trade in India’s stock exchanges. Although the Securities and Exchange Board of India (SEBI), has allowed trades of up to 500 shares to be settled in physical form but this option is not preferable any more. A demat account holds the certificates of financial instruments like shares, bonds, government securities, mutual funds etc. So, it involves the process of converting physical shares into electronic form and credited to investor’s demat account.

How does Online Demat Account work:

There are two Depositories in India – the National Securities Depositories Limited (NSDL) and the Central Depository Services Limited (CDSL), through whom the shares are held by the various depository participants. When you buy or sell shares, respective DP credits or debit your account accordingly.

Following are the documents which are required for opening a demat account:
  • PAN Card
  • Identity Proof
  • Proof of Residence (acceptable documents includes electricity bill, phone bill, ration card, driving license etc.)
  • Bank account details (A cancelled cheque for capturing MICR)
  • A recent passport size photograph

How to open a Demat Account with Religare Online:

  • For opening demat account, you need to reach to DP (Depository participant) and fill up the account opening form and submit it along with necessary documents and a recent passport size photograph. You must carry original documents for verification.
  • The DP will provide you with the rules and regulations and terms & conditions for opening the account along with the charges for the same.
  • A member from the DP will contact you for In-Person Verification and check the details provided in the account opening form.
  • Once the application is processed, The DP will provide you with an account number and client ID. You can now access your demat account online with specified details.
  • There are two ways for opening a Trading Account with Religare Online:
      • Click here to open your own online demat account.
      • Alternatively, you can also call us on 1860-25-88888 from 8:00 a.m. to 8:00 p.m.
        Further, you can also mail us on wecare@religareonline.com

Benefits of opening an online Demat account with Religare Online

  • Zero* account opening charges
  • Enjoy margin facility to trade on existing demat holding
  • Keeps a track of all investments- Equity, Mutual funds, Gold ETFs, Preference shares etc. at one place which makes it easier for individuals to know their overall portfolio.
  • No separate DIS slips required for selling or purchasing stocks in case POA activated
  • Facility to avail life time AMC free account with Rs.2500 as one time AMC charges under BANDHAN GREEN plan
        *First year AMC not applicable and Annual AMC fees Rs.500 applicable from 2nd year onwards

        *T&C apply

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