Many investors in Dombivli want to start investing in the stock market. The first step is to open a Demat account to hold shares in electronic form. This guide explains the process in simple steps. (Note: A SEBI Registered Research Analyst (RA) does not open Demat accounts or recommend brokers. For account opening, you must contact a SEBI-registered stock broker / Depository Participant.)
Demat vs Trading Account
Demat account holds your securities (shares, ETFs, bonds). Trading account is used to place buy/sell orders through a broker. Both are linked to your bank account.
Step-by-Step: How to Open a Demat Account
1) Choose a SEBI-registered Broker / DP
- Check SEBI registration and whether the DP is with NSDL or CDSL.
- Compare charges: account opening fee, annual maintenance (AMC), brokerage, DP charges on sell.
- Prefer easy support (online or a nearby Dombivli branch).
2) Keep Documents Ready
- PAN card (mandatory)
- Aadhaar with mobile number for OTP e-KYC (or alternate KYC as allowed)
- Address proof (Aadhaar/Passport/Utility bill, etc.)
- Bank proof (cancelled cheque or passbook copy)
- Recent photo and your signature on white paper
3) Fill the Application (Online or Branch)
- Enter personal details, PAN, bank, and contact information.
- Complete e-KYC and email/mobile verification.
4) In-Person Verification (IPV)
Do a short video IPV (or visit branch). Keep PAN/Aadhaar handy and follow on-screen instructions.
5) Sign Required Forms
- KYC and account opening forms
- Rights & Obligations of BO (beneficial owner) and DP
- Nomination (optional but recommended)
- DDPI (optional authorization replacing traditional POA) to allow the broker to debit securities when you sell
- Most brokers offer secure e-Sign via Aadhaar OTP
6) Get Your Client Details
After approval, you receive your Demat/Client ID and login credentials. Enable depository email/SMS alerts for extra safety.
7) Link Bank & Start
- Link bank account and set up funds transfer (UPI/Net-banking).
- Log in to the trading platform, create watchlists, and place orders when ready.
Charges to Check Before You Open
- Account Opening Fee & Annual Maintenance (AMC)
- Brokerage (delivery & intraday), platform or call-and-trade charges
- DP charges on sell/transfer, pledge/un-pledge charges (if using margin)
- Other statutory charges and taxes as applicable
Safety Checklist
- Never share OTP, passwords, or login links with anyone.
- Avoid unverified market tips and “sure-shot” calls.
- Check contract notes and Demat statements regularly.
- Update email/mobile with your DP and enable alerts.
Where a Research Analyst Helps
A SEBI Registered Research Analyst does not open Demat accounts or recommend specific brokers/funds. An RA provides research reports, market outlook, and educational insights to help investors take informed, disciplined decisions after their account is opened.
Contact – FinKuber Capital (Dombivli)
FinKuber Capital
SEBI Registered Research Analyst
Registration No: INH000019062
Phone/WhatsApp: +91 7678041498
Email: finkubercapital@gmail.com
Disclaimer: Investments in securities market are subject to market risks. This content is for educational purposes only and is not an investment advice or personal recommendation. The research reports, views, and insights are based on analysis of publicly available information and are shared on a uniform basis with all readers/subscribers. Investors should carefully read all related documents before making any investment decision.
