How to Open a Demat Account on a Mobile App
To begin the process of opening a Demat account via a mobile app, you'll need to follow these steps. Remember that different stockbrokers may offer varying services, so be sure to choose your broker carefully. In this guide, we'll outline the process using the Share India Demat App as an example:
Choose Your Stockbroker: Select a stockbroker that suits your preferences and requirements. If you decide on Share India, proceed to the next step.
Download the App: Visit the Google Play Store or Apple App Store and download the Share India Demat App to your mobile device.
App Launch and Account Opening: Open the Share India Demat App and locate the "OPEN AN ACCOUNT" option.
Redirect to Share India's Website: Once you select "OPEN AN ACCOUNT," you'll be directed to the Share India Securities website.
Select Account Plan and Provide Details: Choose an account plan that aligns with your needs. For instance, if you're new to trading and under 30 years old, you might opt for a plan with zero brokerage. Provide your name and phone number to proceed.
Verification via OTP: Verify your phone number and email address by entering the OTPs you receive via SMS and email.
Fill in the Form: Enter essential information, including your PAN number and date of birth. Additionally, provide personal, address, and bank details. Bank details are required to link your Demat account with your bank account for fund transfers.
Document Upload: You'll need to upload several documents, including:
A photograph of yourself (taken using your phone's selfie camera).
Your signature, which can be uploaded as a photo, a digital copy, or drawn on the screen and then uploaded.
Front side photo of your PAN card.
If you plan to activate the derivatives segment, you might need to upload your salary slip.
Review and E-Sign: Review the uploaded documents and proceed to the e-signing step. This might redirect you to an authorised platform (e.g., NSDL's website).
Authentication and Completion: Share India will authenticate the submitted documents and details. Once the authentication process is complete, your Demat account will be set up. You'll receive a confirmation indicating that you can now start your investing journey.
Explore the App: After the account is successfully opened, you can access the Share India Demat App to start investing in the stock market. The app provides various features such as stock recommendations, research reports, and market news to support your investment decisions.
By following these steps, you can efficiently open a Demat account using the Share India Demat App and begin your journey as an investor in the stock market.
Download demat app now: https://play.google.com/store/....apps/details?id=com.
