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A Demat account is an account that holds financial securities in electronic form. In India, Demat accounts are maintained by two depository organisations, NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited). There are 3 types of Demat account:

  • Regular Demat Account: For the investors/traders who reside within India.
  • Repatriable Demat Account: For the NRIs. Funds can be transferred abroad. It requires an associated NRE bank account.
  • Non-Repatriable Demat Account: For the NRIs. The fund cannot be transferred abroad.\ It requires an associated NRO bank account
.

A Demat account helps keep your equity investments, your mutual fund units, bonds, and other financial assets safe and secure in an online electronic environment. With a Demat and trading account, you can not only invest in upcoming IPOs of companies but also start a mutual fund, digital gold and SIP as well. Here’s a quick look at some of the other uses of a Demat account:

  • Enables easy and quick share transfers.
  • Highly secure storage with zero risk.
  • Can be accessed at any time from anywhere through the internet.
  • Very less paperwork involved.

Any individual resident of India, HUF, NRI, proprietary firm, partnership firm or company can open a Demat and trading account with Motilal Oswal.

With Motilal Oswal, the documents for Demat account opening that you need to submit is minimal. Here’s the list..

  • Duly filled Demat account opening application form.
  • Duly filled KYC application form.
  • A passport-sized photograph.
  • A photocopy of your PAN card.
  • A photocopy of your proof of identity & address, which can be anyone of the following. (Aadhaar Card, Voter’s ID, Passport or Driving license)

There are no charges applicable to open a Demat Account with Motilal Oswal. You can open a Demat Account online instantly at 0 cost.