An investor can easily open a demat account online with a DP of their choice. NSDL has displayed a a list of DPs with whom investors can open a demat account online. Here are the easy steps
By nikhiluat, 30 April, 2024
Open Demat And Know Your DP Section
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Verify your mobile number and Email ID through OTP sent on your mobile number and email ID.
The mobile number provided as part of KYC should preferably be the one seeded with Aadhaar to facilitate e-Signing of the document.
In case the KYC document is available on KRA, the same can be relied and downloaded. In case investor is new to market then Aadhaar based KYC.
The OVD documents comprising Proof of Identity and Proof of Address can be downloaded from DigiLocker. Normally digitally signed Aadhaar is commonly downloaded from the Digilocker.
SEBI registered NSDL DP verifies your PAN details including the status of PAN seeding with Aadhaar using the Income Tax Database.
SEBI registered DP verifies your Bank account details using Penny Drop mechanism or any other mechanism using API of the Bank or You may upload copy of signed cancelled cheque.
Enter details such as details of spouse, income range, Nomination / opt-out of nomination etc.
Take a live photograph.
In Person Verification / Video In Person Verification is not required in case
- OTP based e-KYC
- Biometric based e-KYC
- Offline verification of XML file
- Offline verification of Aadhaar QR Code
- OVD’s downloaded from Digilocker
- KYC downloaded from KRA and client consent by OTP
- Documents from any other source which could be verified online.
Upload picture of your signature on white paper. The signature can be cropped from signed cancelled cheque or signature on a white paper submitted by the client.
eSign the entire KYC document using electronic/digital signature including Aadhaar eSign.