What are the Requirements for Demat Account Opening?
Understanding your eligibility to register a Demat account is essential if you're considering beginning your investing journey. Modern trading and investing are based on Demat accounts, which let you hold securities in an electronic format, such as shares, bonds, mutual funds, and exchange-traded funds (ETFs). Let's quickly review the requirements for opening a Demat account. What is a Demat Account? You can store all of your securities, including equities, government bonds, mutual funds, and exchange-traded funds (ETFs), digitally in a dematerialised (Demat) account. Without a Demat account, trading in the Indian stock market is not feasible. The National Securities Depository Limited (NSDL) and the Central Depository Services Limited (CDSL) are the two primary depositories in India that oversee and manage Demat accounts. Eligibility to Open a Demat Account Any Indian citizen may open a Demat account through a Depository Participant (DP) under the Securities and Exchange Boar...