What is a DEMAT Account?

• The term ‘DEMAT’ is short for ‘Dematerialization’, which technically means removing the materialistic aspect of an object. In regard to the share market, dematerialization of shares means converting the materialistic paper shares to electronic form. So, a DEMAT account is a virtual locker, similar to a bank account, which stores your financial assets like shares, bonds, ULIPs, Sovereign Gold Bonds (SGBs) etc. in electronic form. To Open DEMAT Account with Zero charges please contact B D Shah Securities Ltd. We also offer to Open DEMAT Account Online, please click here to start the process.

What is a Trading
account?

• The terms DEMAT and trading account are used interchangeably, but they are not the same. A DEMAT account can only hold your securities. Whereas a trading account facilitates the actual buying and selling of the assets. So, your trades (buying and selling) take place through a trading account, but the settlement (debit in case of sell order and credit in case of buy order) happens in the DEMAT account. We also offer Zero Brokerage DEMAT Account, terms and conditions apply.

Account opening requirements for individual - 

• Pan card copy (self-attested) of all holders

• Self-attested copy of address proof (AADHAR card, passport, driving license, voter id) of all holders

• One cancel cheque of first holder

• One passport size color photo of all holders

• Latest 6 months bank statement of first holder

• Cheque of rs.472/- as annual maintenance charges of DEMAT a/c and rs.510/- as stamp paper for Power of Attorney (POA), DEMAT Debt and Pledge Instruction (DDPI).