Open FREE^* Demat Account

Frequently Asked Questions

• How do I open a Demat account online?
  You can open a dematerialised (demat) account online in just 3 simple steps:

  a. Enter basic details like mobile number, PAN, DoB
  b. Run through the mandatory KYC (Know Your Customer) processes (includes Aadhaar / Voter ID / Driving Licence upload, Selfie upload, Bank details upload)
  c. eSign via Aadhaar-based OTP

  Open your demat account and complete your demat account registration without any hassles.

  ---

• Is opening a Demat account risk-free?

  Yes, opening a demat account in India is completely risk-free and the process to do so is strictly regulated by the SEBI,

  Our demat account registration is completely SEBI-compliant.

  ---

• Why do I need a Demat account?

  A demat account is required to trade/invest in the stock market, digitally holding shares, mutual funds, bonds, and other securities.

  Open a zero-cost demat account online start your investment journey right away.

  ---

• Can I open a joint Demat account?

  Yes, you can open a joint demat account with up to 3 account holders, including a spouse. All holders must complete KYC. Open your joint demat account to get started.

  Open your joint demat account to get started.

  ---

• What documents are required to open a Demat account?
  You must submit:

  a. PAN Card
  b. Aadhaar Card
  c. Bank Proof

  Complete your demat account opening in just few minutes.

  ---

• How much money is required to open a Demat account?

  The cost varies by broker, but it is often ₹0 or a nominal one-time AMC fee. Open a demat account with Mirae Asset Sharekhan @ ₹0 cost -

  Start your demat account opening and get access to 3 decades of Research at no cost.

  ---

• Can NRIs open a Demat account?

  Yes, NRIs can open a demat account via NRE/NRO Demat accounts or PIS. Repatriable demat accounts allow smooth fund transfers abroad.

  Open your NRI demat account securely.

  ---

• What’s the difference between a Demat and Trading account?

  A demat account holds shares in electronic form; a trading account facilitates buying/selling. You need both.

  Open your demat account @ ₹0 cost now.

  ---

• Can I open a Demat account without trading?

  Yes - useful for investors holding shares long-term without active trading. It works like a passive demat account.

  ---

• How long does it take to open a Demat account?

  If KYC-compliant, opening takes 5-15 minutes on a working day.

  Open your demat account in minutes - 100% online.

  ---

• What is the minimum balance to open a Demat account?

  Demat accounts don't usually require a minimum balance.

  Open your ₹0 online demat account with us now to enjoy zero balance benefits.

• What are the charges for maintaining a Demat account?

  Demat accounts typically involve an Annual Maintenance Charge (AMC) after the first year, along with transaction charges for buy/sell activity. Mirae Asset Sharekhan waives account opening charges and the first-year AMC; subsequent charges apply as per the standard tariff.

• Can I have more than one Demat account?

  Yes, an individual can hold multiple demat accounts, including with different brokers or depository participants (DPs). However, each account requires separate KYC and is linked to a unique client ID.

• How do I convert physical share certificates into Demat form?

  Physical shares can be converted to electronic form through a process called dematerialisation. This involves submitting a Dematerialisation Request Form (DRF) along with the physical certificates to your DP, who forwards it to the depository (NSDL/CDSL) for conversion.

• Can a minor open a Demat account?

  Yes, a minor can hold a demat account, but it must be operated by a guardian (parent or court-appointed) until the minor turns 18. The account requires the minor's and guardian's KYC documents.

• How do I check my Demat account balance or holdings?

  You can check your demat holdings through the Mirae Asset Sharekhan app or web platform under the 'Portfolio' or 'Holdings' section, or via the Consolidated Account Statement (CAS) sent monthly by NSDL/CDSL.

• What is the difference between NSDL and CDSL?

  NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited) are India's two depositories that hold securities electronically. Your demat account will be linked to one of them depending on your broker/DP - this doesn't affect functionality for the investor.

• Can I close my Demat account, and is there a charge?

  Yes, a demat account can be closed by submitting a closure request form to your DP, provided the account has no holdings or pending dues. Most brokers, including Mirae Asset Sharekhan, do not charge a fee for account closure.

• Do I need a PAN card to open a Demat account?

  Yes, a PAN (Permanent Account Number) card is mandatory to open a demat account in India, as per SEBI regulations, since it's used for KYC verification and tax reporting on securities transactions.

• What happens to my Demat account if I don't use it?

  An inactive demat account doesn't get closed automatically, but prolonged inactivity may lead to it being marked 'dormant' by the DP. It can typically be reactivated by submitting a reactivation request and updated KYC, if required.

• Can I open a Demat account for a company or HUF?

  Yes, demat accounts can be opened for corporates, partnership firms, and Hindu Undivided Families (HUFs), in addition to individual investors. These require additional documentation such as a PAN card for the entity, board resolution (for companies) and authorized signatory details.