InvestorQ : Can I open my demat account online?
Priyanka N made post

Can I open my demat account online?

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Neelam Naik answered.
3 years ago
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Today leading brokers like Indiainfoline are offering complete online demat account opening. The entire account opening process just about takes a few minutes and you can open the account 100% online. You just need three documents in place viz. PAN Card, a copy of Cancelled cheque and your Aadhar Card. Your Aadhar must be updated with your latest address and your mobile number must be mapped to the Aadhar card. Ensure that you map the same mobile number to your demat account too. The online demat account opening system will automatically access your Aadhar details once you authorize the same and all the address and personal details will be downloaded from the Aadhar data bank itself.
For that, you need to ensure that your Aadhar details are updated to date. Also, your mobile number must be mapped to your Aadhar as you will be sent a One Time Password (OTP) to confirm your Aadhar details. Only after you confirm the Aadhar details with the OTP will the data be downloaded on to the demat database. Once again, please ensure that all details are correct and updated as the demat account will use that data to populate your account details. You will be required to upload a copy of your cancelled cheque and your PAN card online. You can do all this online itself. There is one thing to note here. Finally, two things will have to be done additionally. Firstly, you will be required to do in-person verification (IPV) before you can actually activate your account in all respects. This can either be done through a video camera or through a visit to one of the appointed centers. The only physical document you will be required to send is a signed copy of the POA (power of attorney) to enable seamless debits to your demat account for shares sold by you. You are now good to go on your online demat journey!
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