Demat Accounts
Open Free Trading & Demat Account
Your Gateway to Seamless Investing
With Chanakya Investments, come and learn from us, your trusted partner in deciphering the world of Demat Accounts. This instrument is equally essential in facilitating your investment journey and giving you the position to trade successfully.
- Seamless Trading
- Portfolio Diversification
- Safe and Secure
- Cost-effective
Sign Up Online
Simply go to our portal and find the section named "Open an Account" and enter the needed basic details like your name, email address, and mobile number to commence with the registration process.
Complete Documentation
Ensure that you fill out the online application form including details such as PAN card, Aadhaar card, bank account details, among any others as needed documents.
Verification and Activation
We check your data and start verification once you submit the request. The account will be activated within 48 hours.
Common Questions
Most Popular Questions
The dematerialized account, abbreviated as Demat account, is an electronic account that keeps securities in a digital format, including shares, bonds, mutual funds, etc. It completely puts aside the need for managing the physical share certificates, thus easing the process of trade and investment management.
In your Demat account, transactions regarding securities will be stored electronically. The shares bought will be credited into your account, while the debit shares will be from the sold side. Also, the holdings are tracked, and the transactions are carried out in a Demat account, now made easier to trade using your Demat account.
Both natural persons, residents or non-residents in India, minors (with a guardian), and corporate entities like companies and trusts can open Demat accounts.
Usually, you will be required to furnish PAN Card, Aadhar Card, proof of address (in the form of a utility bill, bank statement), passport-size photographs, and a cancelled cheque or bank statement for bank account linking.
Indeed, in regards to Demat Accounts, there are charges such as account opening charges, annual maintenance charges, transaction charges, and others. Charges vary from service provider to service provider and also vary according to the type of account being opened.
Multiple demat accounts can exist with different service providers. However, keeping many accounts is associated with extra costs and other related administrative hassles.
You may transfer the securities into your Demat account through various methods-off-market transfers, online transfers, or physical delivery instructions. You need to provide details of the securities to be transferred and any relevant documents to get the transfer process started.
Of course, your Demat account is associated with your bank account to facilitate smooth transfer and settlement of the transactions. You will have to mention your bank account information at the time of opening the Demat account, and all such transactions will finally be settled through this bank account.
When you open a Demat account, you will need to mention certain bank account parameters which will allow smooth fund transfers and settlement for transactions in the Demat account because both accounts will be linked.
Updating the details in your Demat account is thus very important at all times. If there has been a change in your address or contact information, you will need to make a request to your Depository Participant (DP) to update the particulars further backed by supportive documents for verification.
Sure, you can close your Demat account as long as you are no longer interested in keeping it open. You will have to submit a written application to your DP for the same along with the relevant documents. Please ensure that all securities held in the account are transferred to another Demat account or rematerialized before starting the closure process.
