OPEN DEMAT ACCOUNT
STEPS TO OPEN A DEMAT ACCOUNT WITH MOTILAL OSWAL
Step 1
Fill the lead form from Motilal Oswal to Open Demat Account
Step 2
Enter OTP received on the registered Mobile Number
Step 3
Fill Date of Birth, PAN details, Email Address and Bank Account Details.
Step 4
Details of your demat account are sent to you on your registered mail address
WHAT IS DEMAT ACCOUNT?
Like a Bank Account that keeps your physical money safe in the form of digital currency for easier transactions, opening a free DEMAT Account acts as a safe for the shares/stocks that you've bought. Online free DEMAT Account keeps your shares and stocks in a digital format, thus enabling you to keep track of the price movement.
Earlier, shares/stocks were kept in the form of physical receipts. This made it difficult for investors to keep hold of the receipts for a longer time. The advent of the DEMAT account thus made it easy for investors and traders to trade instantly and keep shares for as long as they desire. However, you need to have a trading account for the purpose of doing a sell transaction. Without a trading account you won't be able to sell the shares that you've brought and kept in the DEMAT Account. Opening a Demat Account comes with lots of benefits such as there is no hassle to keep hold of the physical receipts, it saves time and makes it easy for investors and traders to learn and track their portfolio 24 by 7.
With the use of advanced technology, it is now possible for individuals to open a two-in-one account, which can be understood by viewing the video alongside or reading the text below.
Before registering for a Free* Demat Account, remember to keep the following documents handy:-
- PAN Card
- AADHAR Card
- Signed & cancelled blank bank cheque
- BANK Account Statement (for past 6 months)
Step1 - Filling out Personal Details: To begin with, you will have to register with your mobile number and email address, and verify the same via OTP.
Step2 - Submitting necessary documents: To open a free DEMAT Account, you will have to verify your PAN Number, Aadhar Card details, Bank Account Number & IFSC Code with the Broker.
Step3 - Completing E-KYC: To complete your E-KYC, you will have to fill in your personal details such as your income, your marital status, address, nominee, etc.
Step4 - E-sign Aadhar Validation: For the last step, you will have to e-verify your Aadhar. This can be done by receiving an OTP to your Aadhar registered mobile number or by uploading the ‘front’ and ‘back’ side photographs of your Aadhar card.On successful account opening, you will be communicated your User Id and Password via email.
WHY OPEN DEMAT ACCOUNT WITH MOTILAL OSWAL?
2.5 Million+ Happy Demat Account Holders
High tech 4-star apps for traders & investors
30+ Years of Research Expertise
Flat pricing (Rs. 20 Per Lot) on Equity and Currency
Customized Investment Plans with One Click Investment
Wide Choice of Asset Classes to Invest in
Open Free Demat Account in 5 Minutes
Join the family of 2.5 Mn+ Happy Demat Account Holders
BENEFITS OF OPENING A DEMAT ACCOUNT WITH MOTILAL OSWAL
Lowest-brokerage - the new beau
Lost in the search for the lowest-brokerage plan? Now, trade with Motilal Oswal at just ₹20 per lot across segments.
Research-based expert assistance
35+ years of experience in equity trading, highly-rewarding research team, research published for more than 250 stocks covering 20+ sectors.
5+ Million Happy Customers
Strengthening a community of smart investors by inducting our knowledge first philosophy.
No Paper. 100% Online Demat Account
100% paperless process. All you need is to sign-up with us and we will guide you till the last minute. No hurries. No worries.
Multiple products on 1 platform
Whether you need to do an investment in mutual funds or in an IPO or in equities, do it all through only one app - MO INVESTOR
Rewards on the go
Opening a Demat Account online with Motilal Oswal brings a box-full of rewards. ₹0* AMC for the 1st Year, Scratch card rewards up to ₹10,000 and more.
MAKE BETTER INVESTMENTS FOR LIFE WITH MOTILAL OSWAL
Investors can invest in a variety of asset classes through Motilal Oswal Demat Account
WHAT OUR CUSTOMERS SAY
Paperless Online Process
Opening a Demat Account with Motilal Oswal is easy. You don’t have to fill any forms and courier it. Online, hassle-free process!
Quick Opening an Account
If you want to open an instant Demat Account, Motilal Oswal is the right choice. All process is online and it only takes 5 minutes to process.
Good Guided Assistance
Employees of Motilal Oswal guided me so well during the entire account opening process that it took me less than 20 minutes to finish.
FAQS ON DEMAT ACCOUNT
A Demat account is an account that holds financial securities in electronic form. In India, Demat accounts are maintained by two depository organisations, NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).
There are 3 types of Demat account:
- Regular Demat Account: For the investors/traders who reside within India.
- Repatriable Demat Account: For the NRIs. Funds can be transferred abroad. It requires an associated NRE bank account.
- Non-Repatriable Demat Account: For the NRIs. The fund cannot be transferred abroad. It requires an associated NRO bank account.
A Demat account helps keep your equity investments, your mutual fund units, bonds, and other financial assets safe and secure in an online electronic environment. With a Demat and trading account, you can not only invest in upcoming IPOs of companies but also start a mutual fund, digital gold and SIP as well.
Here’s a quick look at some of the other uses of a Demat account:
- Enables easy and quick share transfers.
- Highly secure storage with zero risk.
- Can be accessed at any time from anywhere through the internet.
- Very less paperwork involved.
Any individual resident of India, HUF, NRI, proprietary firm, partnership firm or company can open a Demat and trading account with Motilal Oswal.
To open a DEMAT and Trading Account with Motilal Oswal, individuals are required to hold the following documents handy:
- PAN Card.
- Aadhaar Card (Linked with Mobile Number).
- Bank Account Statement or Cancelled Cheque.
There are no charges applicable to open a DEMAT Account with Motilal Oswal. You can open a DEMAT Account online instantly at 0 cost.
There is no minimum amount required to open a DEMAT Account with Motilal Oswal. You can open your DEMAT and Trading account with Motilal Oswal for Free.
Of course. You can open multiple Demat accounts under your name as long as the Demat accounts are not with the same Depository Participant (DP). For instance, if you already have a Demat account with another DP and wish to open another one with Motilal Oswal, you can do so.
To open an online DEMAT Account with Motilal Oswal, you are required to follow the given below steps:
- Download and install the MO Investor application on your mobile phone.
- Register with your mobile number and verify it with an OTP.
- Register with your email id and verify it with an OTP.
- Add your PAN Card details.
- Add your Bank details.
- Add your Aadhaar Details.
- E-sign through Aadhaar-based OTP verification.
- Complete your DEMAT Account Activation.
Alternatively, you can also log in through web, by clicking on www.motilaloswal.com/open-demat-account/ and performing the same steps as above.
Your Demat Account credentials will be sent to your registered email id once the account is activated successfully.
Yes, a demat account can be opened in single or joint names. However, a demat account can have a maximum of three account holders - 1 main holder and 2 joint holders.
Yes, a Demat account can be opened in single or joint names. However, a Demat account can have a maximum of three account holders - 1 main holder and 2 joint holders.Of course. It is certainly possible to open a Demat account for NRIs through Motilal Oswal. But to do so, you will have to possess either an NRO or NRE bank account and submit a Portfolio Investment Scheme letter of approval from the Reserve Bank of India along with your Demat account application form and other supporting documents.
No. You cannot hold a Demat Account without a Trading Account. A Demat Account is only an account to hold your shares. If you intend on selling the shares, you will need a trading account.
Yes. If you intend to sell the shares that you hold, you will need to link your Demat account with your Trading account.
Just like a Joint Bank Account, a Joint Demat Account is a shared Demat account in between two or three individuals. Only one demat account holder is registered as the primary account holder, while the other account holders become secondary account holders.
It takes only 15 minutes to open a Free* Demat account with Motilal Oswal.
Yes. If you intend on applying for an IPO in India, it is mandatory to hold a Demat account. However, the choice for a trading account is optional.
Yes. You can add and withdraw funds from your Demat account anytime.
To check your funds on MO INVESTOR, follow the below given steps
- Login to the app
- Go to ‘Menu’
- Select ‘Fund Transfer’
- The screen will display ‘Available Margin’ which will be your Demat Account Balance
No, it is not mandatory to hold a DEMAT Account to invest in SIP Plans. However, if you wish to start Stock SIP, you will need to have a DEMAT Account.