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How to Open a Demat Account Online in 2 Easy Steps

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klevertrade
How to Open a Demat Account Online in 2 Easy Steps

Investing in equities has become the new norm in the Indian economy. More people are showing interest in opening a Demat Account than ever before. And why shouldn’t they? The rate of profit, growth, and opportunities are only rising! SEBI - The Securities & Exchange Board of India, is responsible for regulating the Indian securities market. The authority has put significant efforts, funds, and time over the recent decades to bring digitalization to the investment process. At present, you can simply buy and sell shares from your phone or laptop in a few minutes. What you need is a Demat account to start trading.

 

In this article, we will discuss how to open a Demat account online in a few easy steps. Keep reading to get started!

 

 

How to Open a Demat Account online:

 

The world has gone digital and there’s no surprise the trading market has gone with the shift too. Now you can open a Dematerialization account easily on the web and start buying and selling securities whenever, wherever you want. Here’s how:

 

Step 1: Select a DP and Visit Their Website

 

All you need to get started is, visit your chosen DP’s website and click on the 'Open a Demat Account’ option.

 

You will be asked to submit the following details:

 

●     Your Name

●     Your Registered Email ID

●     Your Mobile Number

●     One-time password (OTP) you will receive on the provided phone number

●     Location (City)

 

Your DP will communicate with you and ask you to complete the formalities shared above for opening a Demat account online.

 

Step 2:- Get the Required Details:

 

Once you have filled out the form and submitted it successfully, you will receive the following details from your Demat service provider:

 

●     Your DP ID

●     Demat Account Number or Beneficiary ID

●     Your Power of Attorney (POA) Number

 

If you are planning to apply for an IPO ( Initial Public Offer), these details will be quite useful for you.

 

And that’s it!

 

That is all you need to open a Demat Account. If you are looking for help with getting started with the shares, account, or trading, consider professional help! You can research your options and choose a trading platform that ensures you a safe, transparent, and seamless online mode to track your investments and operate easily.


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