How to open demat account?
Opening a demat account typically involves these steps:
1. Choose a Depository Participant (DP): Select a DP, typically a bank or a brokerage firm, registered with CDSL or NSDL.
2. Fill out the account opening form: Provide necessary details such as personal information, PAN card, Aadhar card, address proof, etc.
3. Submit documents: Along with the form, submit the required documents as per the DP's requirements.
4. Verification: Your documents will be verified by the DP.
5. Sign agreement: Sign the agreement with the DP which includes terms and conditions.
6. Account activation: Once the verification is successful, your demat account will be activated, and you'll receive your account details.
It's advisable to check with your chosen DP for specific requirements and procedures.
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