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Documents Required to Open Demat Account Online in Rajahmundry

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PAN Card

essential requirement

Identity-and-Address-Proof Identity-and-Address-Proof

Proof of Identity and Address

Voter ID, Driving Licence, Aadhar Card, Passport

Bank Proof Bank-Proof

Bank Proof

Cancelled cheque, Passbook, 6-month Bank statement

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What is a Demat Account?

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An Online Demat Account, short for "Dematerialized Account," is an electronic platform that holds and stores an investor's financial securities in digital format. It allows individuals to buy and hold various financial instruments like stocks, bonds, mutual funds, and government securities electronically, eliminating the need for physical share certificates.
 

Demat accounts transformed India's securities landscape, bringing faster, more secure transactions and reducing paperwork. You can now enjoy the ease of managing your investments conveniently and within the comfort of your own home. Online Demat Accounts have played a crucial role in attracting more retail investors to the Indian share market, thereby contributing to its growth and development over the years. Today, Demat accounts have become an essential part of the Indian financial eco-system, empowering millions of investors to participate in the capital market seamlessly. You can also open Demat account for free!

Advantages of Opening a Demat Account in Rajahmundry

  • 1

    Effortless Trading

    Streamlined electronic management of your shares, reducing the hassle of physical certificates.

  • 2

    Enhanced Security

    Mitigates risks associated with physical share certificates, including loss and damage.

  • 3

    Quick Transfers

    Simplifies the process of transferring securities between accounts.

  • 4

    Reduced Fraud Risks

    Electronic format protects against forgery and fraud.

  • 5

    Convenience

     Online access allows for easy monitoring and management of your investments from anywhere.

Charges to Open Demat Account Online in Rajahmundry

  • Free Opening: Opening a Demat account is free with Bajaj Broking’s Freedom Pack.
  • Annual Maintenance Charges (AMC): No AMC for the first year.
  • Subscription Packs: We offer various packs tailored to different needs.
Type of ChargeCharges
Demat Account Opening ChargesNIL
Demat Annual Maintenance ChargesNIL for 1st Year
Applying for IPONIL (Brokerage will be charged when customer sells the allotted units)
Brokerage Charges (Delivery)NIL
Brokerage Charges
(Intraday, Futures and Options)
Freedom Pack: ₹20/order
Professional Pack: ₹10/order

Types of Demat Account in Rajahmundry

  1. Regular Demat Account: Suitable for Indian residents to hold and trade equities. Annual maintenance charges may apply, but the Basic Services Demat Account (BSDA) offers a no-fee option for newcomers.
  2. Repatriable Demat Account: For NRIs linked to an NRE account, allowing investment in Indian markets with repatriation of funds up to one million USD annually.
  3. Non-repatriable Demat Account: Designed for NRIs linked to an NRO account, limiting fund transfers to within India.

Things to Know Before You Open Demat Account Online in Rajahmundry

  • Provider Credibility: Check reviews and ratings to ensure reliability.
  • Platform Security: Verify security measures to protect your investments.
  • Customer Service Quality: Assess responsiveness and quality of support.
  • Free Account Terms: Review terms and conditions for potential future fees.
  • Brokerage Fees: Opt for low brokerage fees to maximise your returns.
  • Investment Goals: Ensure alignment with your financial objectives.
  • Effective Management: Understand these factors for better management of your account.

Common Terms of a Demat Account

  • ISIN (International Securities Identification Number): A unique code assigned to each security for trading and settlement.
  • DP (Depository Participant): Acts as an intermediary for account services including dematerialisation and rematerialisation.
  • Dematerialisation: Converting physical share certificates into electronic form for easier management.
  • Rematerialisation: Converting electronic securities back into physical certificates.
  • BOID (Beneficial Owner Identification Number): A unique number for each Demat account holder used for transactions.
  • Corporate Actions: Company events like dividends and stock splits affecting securities in your Demat account.
  • DP Charges: Fees for services provided by the Depository Participant.
  • Pledge: Securities can be pledged as collateral for loans.
  • Account Nomination: Appointing a nominee to receive holdings in the event of the account holder’s demise.
  • Transaction Statement: Periodic statements detailing all transactions in your Demat account.

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