How to Open a Demat Account Online: Step by Step

Documents you need

• PAN card (mandatory)
• Aadhaar linked to your mobile number (for e-sign)
• Bank proof – a cancelled cheque or bank statement, or a penny-drop verification
• Signature on white paper (photo) — some brokers use a digital signature pad
• Income proof – only if you want to trade F&O or commodities (bank statement, ITR, salary slip, etc.)

Steps

1. Choose a broker – compare charges and platforms in our best demat account list.
2. Register with your mobile and email; verify with OTP.
3. Enter PAN and date of birth; the broker checks KYC records with the KRA.
4. Complete Aadhaar-based eKYC through DigiLocker or similar.
5. Link your bank account.
6. In-person verification (IPV) – usually a short selfie or video.
7. Choose segments – equity, F&O, commodity, currency. F&O needs income proof.
8. Nomination – add a nominee or opt out explicitly.
9. E-sign the account opening form with Aadhaar OTP.

Accounts are commonly activated within one to a few working days after verification.

After activation

• You receive a client ID for the trading account and a BO ID (16 digits) for the demat account.
• Add funds from your linked bank account via UPI or net banking.
• Set up two-factor authentication and review the consolidated account statement each month.

Tips

• Read the tariff sheet before signing.
• Do not share OTPs or give anyone "power of attorney" style access to your trading account.
• Keep your mobile and email updated — exchanges and depositories send alerts directly to you.