Demat Accounts
Open Free Trading & Demat Account
Your Gateway to Seamless Investing
Welcome to Chanakya investments your trusted partner in demystifying the world of Demat accounts. Discover how this essential financial tool can streamline your investment journey and empower you to trade with confidence.
- Seamless Trading
- Portfolio Diversification
- Safe and Secure
- Cost-effective
Sign Up Online
Visit our website and navigate to the "Open an Account" section. Provide your basic details such as name, email address, and mobile number to initiate the registration process.
Complete Documentation
Fill out the online application form with necessary information including PAN card details, Aadhaar card, bank account information, and any other required documents.
Verification and Activation
Once you've submitted your application, our team will review your details and initiate the verification process. Your account will be activated within 48 hours.
Common Questions
Most Popular Questions
A Demat account, short for "Dematerialized account," is an electronic account that holds securities such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) in digital format. It eliminates the need for physical share certificates and facilitates seamless trading and investment management.
When you buy or sell securities, the transaction is reflected in your Demat account electronically. Shares bought are credited to your account, while those sold are debited. You can monitor your holdings, track transactions, and execute trades conveniently through your Demat account.
Any individual, including residents and non-residents of India, minors (with a guardian), as well as corporate entities such as companies and trusts, can open a Demat account.
Commonly required documents include PAN card, Aadhaar card, proof of address (such as utility bills or bank statements), passport-sized photographs, and a cancelled cheque or bank statement for linking your bank account.
Yes, Demat accounts may incur various charges such as account opening fees, annual maintenance charges (AMC), transaction charges, and other applicable fees. These charges vary depending on the service provider and the type of account.
Yes, you can have multiple Demat accounts with different service providers. However, it's important to note that maintaining multiple accounts may result in additional fees and administrative overheads.
Securities can be transferred into your Demat account through various methods such as off-market transfers, online transfers, and physical delivery instruction slips. You'll need to provide details of the securities to be transferred along with relevant documents to initiate the process.
Yes, your Demat account is linked to your bank account for seamless fund transfers and settlement of transactions. You'll need to specify your bank account details while opening the Demat account, and transactions will be settled through this linked bank account.
It's important to keep your Demat account details updated at all times. If you change your address or contact details, you'll need to submit a request to update the information with your Depository Participant (DP) along with supporting documents for verification.
Yes, you can close your Demat account if you no longer wish to maintain it. You'll need to submit a written request to your DP for account closure along with any required documentation. Ensure that all securities held in the account are either transferred to another Demat account or rematerialized before initiating the closure process.
