Investing in stocks is a great way to build wealth over time. In this article, we’ll walk you through the steps on how to open a demat account online.
To invest in stocks you’ll first need a demat account. A demat account is a digital account that electronically holds your shares and securities.
Creating a demat account is the first step towards investing in stocks. If you’re from India, there are a lot of online discount brokers like Zerodha, Groww, Upstox, etc. Here is a step-by-step tutorial on how to create a demat account:
To open a demat account, you must submit certain documents to the DP. For our guide, the account opening is a completely online and paperless process.
The documents you’ll need include:
Besides documents, you’ll need Mobile number verification while creating the account. Upon creation in order to add funds to the account, you’ll need to link your Bank account.
Groww Demat account opening processes are completely free as of now, and there are no account maintenance charges on Groww as well.
|Demat Account opening||Rs. 0|
|Trading Account Opening||Rs. 0|
|Yearly Account management||Rs. 0|
|Equity Brokerage||Rs. 20 or 0.05%|
(whichever is lower)
Groww account opening is an instant process and takes no more than 24 hours to get access to your demat account. Click on the link to download the Groww app from the Google play store.
Install and open the app.
Hurray! your account has been successfully created.
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