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Can I open a Demat account without PAN card? February 19 2021Demat account without PAN card, Share market

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What is Demat account?

Demat account is essential for any kind of activity such as trading in stock market and shares etc as it holds all the records of shares and securities bought by an individual in electronic format. You cannot buy, sell or retain shares without holding a Demat account. The process of opening a demat account is really easy and quick.

Is it essential to have a PAN card for Demat account opening?

It’s essential to hold a PAN card in order to open a demat account. According to the Security Exchange Board of India (SEBI) circular dated April 27,2007 it is mandatory to hold a PAN card to open a demat account irrespective of the size of the investment or objective of an individual.

At the moment of opening a Demat account, the investor needs to reveal the original PAN card. Additionally, a self-attested copy of your PAN card must be submitted. If there are joint holders in the Demat account, PAN is necessary for all the joint holders. With one PAN card, you can open multiple Demat accounts. The number of Demat accounts that one can open has no limits. All these Demat accounts will, however, be linked to the same PAN card.

What are the documents required for opening demat account?

You need to provide some documents as a part of the demat account opening protocol and complete the KYC (Know your Customer) process. So, as per the Official Valid List (OVD) of documents, you need to provide your proof of identity, address proof documents and a copy of your PAN card to successfully open a Demat account.

Open demat account with Indira Securities and start your trading journey with the best full-service providing brokerage firm in Central India.

Also Read - How can I recover my Demat account number?

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201
INDIRA COMMODITIES PVT. LTD. CIN : U65921MH1995PTC089399

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Manoj Bhandari. Email: compliance@indiratrade.com. Call : 0731-4797275

Investors Grievance Email : complaint@indiratrade.com