Opening a trading and/or demat account with a stockbroker requires submitting certain documents for verification and compliance purposes. These documents include identity proof, address proof, and bank account details. With the advent of online account opening, submitting these documents has become easier and more convenient. However, it is important to ensure that the documents are uploaded in the correct format and size to avoid any delays or rejections. In this article, we will discuss the requirements for file size and format for uploading documents for opening accounts with Motilal Oswal.
File Size Requirements:
The file size of the documents to be uploaded should not exceed 2 MB. This means that the scanned copy or photograph of the document should be compressed to a size that is less than or equal to 2 MB. Uploading files that are larger than 2 MB may result in errors or delays in the account opening process.
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File Format Requirements:
The scanned copy or photograph of the document to be uploaded should be in PDF, JPEG, or PNG format. These are the only formats that are accepted by Motilal Oswal for an account opening. It is important to ensure that the documents are saved in one of these formats before uploading them. Uploading documents in any other format may result in errors or rejections.
Documents required for opening an account
Proof of identity: A copy of the PAN card is required as proof of identity. The PAN card should be valid and not expired. The name on the PAN card should match the name provided in the account opening form.
Address Proof: Choose any one of the following documents (self-attested) to establish your address:
- UID Aadhaar
- Passport
- Voter's ID
- Electricity Bill (not more than 2 months old)
- Driving License
- Ration Card
- Bank Pass Book
- Landline Telephone Bill (not more than 2 months old)
Bank Account Details: The bank account details document should be a cancelled cheque or bank account passbook with photograph.
The document should be valid and not expired. The name on the document should match the name provided in the account opening form. The document should be clear and legible, with all details visible.
Latest Photograph: A single copy of the latest photograph is required for account opening. The photograph should be clear and recent. The face of the applicant should be clearly visible.
These documents are essential for identity verification and ensure compliance with regulatory requirements. They help establish your identity, address, and banking information, allowing the financial institution to process your account opening request smoothly and securely.
Remember to provide self-attested copies of the documents, ensuring they are clear and legible. It is advisable to keep the original documents handy for verification purposes during the account opening process.
By preparing these documents in advance, you can expedite the account opening process and start enjoying the benefits and services provided by the financial institution of your choice.
Conclusion:
Submitting the correct documents in the correct format and file size is crucial for a smooth and hassle-free account opening process. Motilal Oswal has clearly defined the requirements for file size and format for uploading account opening documents. It is important to ensure that the documents are valid, clear, and legible, with all details visible. By following these guidelines, investors can ensure that their account opening process is completed without any delays or rejections.