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.

With Motilal Oswal, the documents for Demat account opening that you need to submit is minimal. Here’s the list.

1. Duly filled Demat account opening application form.
2. Duly filled KYC application form.
3. A passport-sized photograph.
4. A photocopy of your PAN card.
5. A photocopy of your proof of identity & address, which can be anyone of the following. (Aadhaar Card, Voter’s ID, Passport or Driving license)

With Motilal Oswal, you don’t have to pay any Demat account charges for opening an account. That’s not all. In addition to being able to open a Demat account for free, you also get to enjoy zero Account Maintenance Charges (AMC) for life. What’s even more exciting is that you can do it online from the comfort of your own home.

With Motilal Oswal, there’s absolutely no requirement of having to put up a minimum amount for demat account opening. You can open a demat account with us 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.

Opening an online Demat account with Motilal Oswal is very easy:

1. Visit our website.
2. Click on ‘Open Demat Account’.
3. Enter the mobile number and submit the OTP you received.
4. Enter the email ID and proceed.
5. Complete the EKYC (Upload all necessary documents like PAN Card, Aadhar Card, Bank Details etc.)
6. Add personal details.
7. After verification perform e-sign in.
8. Demat account activated.

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.