Open a Demat Account in Minutes,
100% Online, Zero Paperwork
Hold stocks, bonds, ETFs, and mutual funds digitally with a Demat account.
- SEBI-Registered Depository Participant
- Account Activated in 24 Hours
- CDSL-backed Trusted by Traders Across India
What is a Demat Account?
A demat account is like a digital locker for your investments. It can hold shares, ETFs, bonds, mutual funds, government securities and other eligible securities. You do not need to keep paper certificates. Your holdings are stored electronically.
In India, demat accounts are maintained through CDSL or NSDL. A SEBI-registered depository participant helps you open and manage the account.
Why Open a Demat Account?
A demat account is essential if you want to invest in shares and many other market-linked securities in India. It makes buying and selling investments smooth, speeds up transactions, and helps you receive benefits like dividends, bonus shares, and stock splits directly into your account. It also keeps your investments organised, making them easier to track and manage.
Benefits of a Demat Account
A demat account is useful because it keeps your investments in one place and makes them easier to track.
No paper certificates
Paper certificates can get lost or damaged. They can also be delayed. In a demat account, your holdings are stored electronically.
Faster settlement
Most equity trades in India follow a T+1 settlement cycle. This means settlement usually happens on the next working day after the trade date.
Many investments in one account
You can hold different eligible investments in one demat account. These may include shares, ETFs, bonds, mutual fund units and sovereign gold bonds.
Needed for listed shares
If you want to buy or sell listed shares in India, you generally need a demat account. It is usually linked to your trading account.
Corporate benefits are updated
Bonus shares and stock splits are updated in your account. This is done based on company, registrar and depository records.
Pledging may be possible
You may be able to pledge eligible securities for funding. This depends on the security, broker, lender and current rules.
Demat Account Charges & Brokerage Pricing
Opening and maintaining your account with Shriram Financial Services involves no hidden costs. Account opening is free for individual clients, annual maintenance is charged transparently by scheme, and brokerage across delivery, intraday, F&O and commodities is kept low and stated upfront - so you always know what you are paying before you place a trade.
Account Opening & Maintenance
Charge
Amount
Applies to
Account opening - individual client
NIL
Resident individual accounts, one-time
Account opening - corporate
₹540 + GST
Non-individual accounts, one-time
Account opening - NRI
₹1,000 + GST
NRE and NRO demat accounts, one-time
Annual maintenance - Scheme 1
₹200 per annum
Standard demat accounts
Annual maintenance - BSDA
NIL up to a trade value of ₹4 lakh
Eligible Basic Services Demat Accounts
Brokerage
Segment
Brokerage
How it is charged
Equity delivery
30 paisa or 0.3%
Whichever is higher
Equity intraday
3 paisa or 0.03%
Whichever is higher
Equity futures
3 paisa or 0.03%
Whichever is higher
Equity options
₹50 per lot
Flat, per lot
Commodity futures
10 paisa or 0.1%
Whichever is higher
Commodity options
₹100 per lot
Flat, per lot
Margin Funding & Pledge
Charge
Amount
Notes
MTF interest
15.99% per annum (0.043% per day)
Charged daily on the funded amount only, not on your own margin
Margin pledge charge
₹10 per transaction
Charged on pledge activation and release
Brokerage is charged as whichever is higher between the flat amount and the percentage shown. Charges are exclusive of statutory taxes, stamp duty and regulatory fees unless stated otherwise, and are subject to change - please confirm current rates before trading.
Documents Required to Open a Demat Account
The following are some of the usual documents that are required to open a demat account. However, please note that the documents may change based on your account type.
Document
Why it is needed
Accepted format
PAN card
Used as IT Proof for KYC and securities-market transactions.
Clear digital copy of the PAN
Aadhaar card
Used to verify your identity and address. It should be linked to your mobile number.
Digital copy or UIDAI-verified details
Bank account proof
Used to link your bank account for Dividend payouts and MF redemption payout.
Cancelled cheque, passbook copy or recent bank statement (However, if your UPI verification or Penny-drop bank verification is successful during the online application, you often do not need to manually upload any physical documents)
Photograph
May be needed for offline or non-Aadhaar applications.
JPEG, PNG or passport-size photo
Income proof
Needed only if you want to activate F&O or derivatives trading.
ITR, salary slip, Form 16 or recent bank statement
How to Open a Demat Account Online
You can complete the application of a demat account on a phone or laptop. Keep your PAN, Aadhaar-linked mobile number and bank proof ready.
Verify mobile number
Generate OTP from mobile number linked with your Aadhaar.
Fill PAN and Aadhaar
Enter your PAN & the OTP sent to your Aadhaar-linked number.
Personal & bank info
Fill name, DoB, bank details and other required fields.
Upload documents
Upload your bank proof and income proof (if applicable).
Add nominee details
Add nominee details or choose to skip.
Sign online
Review the application and complete Aadhaar e-sign.
Wait for activation
You’ll receive login details via email/SMS within 24 hours.
Am I Eligible to Open a Demat Account?
Answer these questions to understand which account type may suit you.
Quick Reference: Who Can Open What
Applicant type
Account type
Main requirement
Resident Indian aged 18 or above
Regular demat account or BSDA, if eligible
PAN, Aadhaar and completed KYC
NRI: repatriable account
NRE demat account
NRE bank account and FEMA-related documents
NRI: non-repatriable account
NRO demat account
NRO bank account and KYC documents
Minor under 18
Minor demat account
Operated by parent or legal guardian
Joint holders
Joint demat account
PAN and KYC for all holders
Got Questions?
View All FAQsHere are simple answers to common questions.
It is an account that holds securities in electronic form. It can hold shares, ETFs, mutual funds, bonds and other eligible investments.
If your documents are ready, the form may take around 5 to 10 minutes. Activation depends on KYC and document checks. In many cases, account details are shared within 24 hours.
You will usually need your PAN card, Aadhaar card, Aadhaar-linked mobile number, bank proof and basic personal details. Income proof is needed only for F&O or derivatives.
For resident individuals, PAN-Aadhaar linking is generally required for KYC where applicable. If your PAN is not linked, the application may be delayed or rejected.
Need A Clearer Direction?
Let's get in touch on a 15-Minute call where we would be able to answer any questions you may have. Our Advisor will additionally help map your wealth mix and demonstrate what a dedicated advisor would do differently.