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    How to Open Demat Account

    Open a Demat account through Profitmart, if you are looking forward to investing in the share market. We offer attractive brokerage plans, transparent transaction, advanced mobile trading application and expert guidance.

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    Fill and Verify your personal details

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    Complete all your KYC Process

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    Digitally sign your documents with e-Signature

    Step By Step Procedure To Open A Trading & Demat Account Online

    To open a new account, simply follow these steps:

    Step 1: Visit Website -click on Button “Open Demat Account”. Step 2: Fill in Your Details -Fill in your Mobile Number, Email, and Name, then click on Generate OTP. -The first three digits of OTP are sent to your Mobile number and the last three digits are sent to your Email ID -Copy that OTP and enter OTP Box Step 3: Complete Your KYC Process -Fill in your PAN Card details and Date of Birth -If your KRA is already registered, then it will show the existing data with the respective KRA. If there is no change in existing data, then your account will activate after the proper validation. -If your KRA has not been done before you will get NOT Verified by KRA Massage -Validate your Aadhaar with the help of DigiLocker -Select option of the “Fetch Address from Aadhaar” -Then click on the button Fetch From DigiLocker -While authenticating Aadhaar with DigiLocker, you will be asked for a 6-digit PIN Code post-OTP verification. -After completing the KYC Process, then Enter the last 4 digits of your aadhaar card number and Click on the “Save and Continue” Button. Step 4: Fill in Your Personal Details -Your Address is automatically fetched here -Please read the client Undertaking note and click on the “Checkbox” then click the “OK” button -Now Select the Segment and Select AMC Scheme -Enter Nomine Details if you want Step 5: Fill in Your Bank Account Details -Enter your bank account number and IFSC Code. Step 6: Upload Mandatory Documents -Pan Card, Aadhaar Card, signature in JPEG Format under 20KB, Last 6 months’ bank statement.

    Step 7: Select Brokerage Plan
    -Make Payment online for AMC Charges

    Step 8: Complete Your E-Signature Process
    -Click on the Esign button
    -Now Provide an IPV (In-person verification).
    You will get IPV Link on your Email and Mobile Number. Please open that link and complete your IPV process by showing your face.
    along with ID proof to the camera and click to submit.
    -Now again click on the Esign button and E-sign the documents by verifying your Aadhaar with your Mobile Number.
    -If you are non-KRA, then you should complete the E – Sign stage twice.

    Step 9: Now Congratulations You are successfully completed your account opening process
    your account will be activated as soon as possible

    What is a Demat Account?

    Most of you may be thinking as to what is a Demat account? Demat is a short form of Dematerialized account. In the world of trading and investment, the term Demat account is commonly used.
    A Demat account or a dematerialized account that holds financial security including debt and equity in an electronic form. There is two depository organization in the country, where you can open your Demat account. The two depository organizations are:

    National securities depository central

    Central depository services limited.

    what is a demat account
    benefits open demat account

    Benefits of Demat account from Profitmart?

    In India, Profitmart is one of the leading stock broker in India. One gets several benefits when one opens a Demat account through us. And some of the benefits are mentioned below:

    Fastest account opening process

    Attractive Brokerage

    Advanced Mobile Trading App

    Dedicated Relationship Manager

    Documents required for opening a Demat account

    Getting exposed to the basics of a Demat account, you should know about the documents required to open a Demat account. Here’s the list of documents that are required to open a Demat account

    Identity Proof

    To open a Demat account online you must have proof of Identity (POI) such as PAN card, Driving license, Aadhar card, Voter ID card, identity card issued by the State government or its department, etc

    Address Proof

    The acceptable documents include a voter ID card, ration card, passport, telephone/electricity/gas bill, Bank account statement or passbook, driving license, flat maintenance bill, flat insurance copy, etc

    Income proof

    You must have proof of income (For trading in derivatives such as F&O) such as a Copy of ITR Acknowledgement, salary slip, Bank account statement it of last 6 months, etc

    Bank Account Proof

    You should also have proof of bank account like a Bank account statement for the last 6 months, cancelled cheque, and a passbook.

    Signature

    Take a photo of your signature on white paper and ensure that it matches the signature on your PAN card

    Photograph

    To open a Demat account One Passport size photograph is a must. Make sure that the photograph is clearly visible and is the most recent

    Why you should open a Demat account?

    There are a plethora of reasons that necessitates opening a Demat account. Few of the reasons are
    Now you can only buy or sell equities in a digitalized form. The SEBI has made it compulsory for all the investors to buy or sell their stocks in a digitalized form. Thus, you need to open Demat trading account if you are a new investor.
    The cash balance can be tracked out from your Demat account. get track of news updates, announcements
    You can invest in a large number of securities including mutual funds of all types and from all the AMC’s (asset management companies), fixed deposits, bonds offered by Government and private entities, gold-related financial instruments, IPOs, etc
    A Demat account enables you to access the live market data. Also, you can make an in-depth analysis of your investments.
    These are a few important reasons why you should think about opening a Demat account online. At Profitmart, we make the process simple, offering dedicated assistance to help investors every step of the way.

    FAQs about Opening Demat Account

    What is demat account?
    A Dematerialised or Demat account is a form of holding financial securities such as shares in electronic format with a registered Depository Participant also knows as DP. National Securities Depository Limited and Central Depository Services Limited are two key depository services provider in the country. Seamless, hassle-free Demat account opening process is at the core of ProfitMart’s key business growth strategy.
    What to consider before opening demat account?
    It is imperative to know certain factors associated with the opening of Demat account which include the changes, annual maintenance fee, ease of access. The demat account opening process is nowadays completed through digital platform. Hence, the brokers should be able to carry out the entire e-KYC, verification and documentation process online. At ProfitMart, the technology ensures a seamless Demat account opening services.
    What facilities you can avail by opening demat account?
    Numerous facilities can be availed through Demat account; they are: tracking portfolio, transfer of shares, avail loan against shares, conversion of securities into different forms, availing corporate benefits such as dividend, interest or refund.