There is a more convenient way of opening a demat account. Equipped with only a computer/laptop/tab/smartphone, you can open your demat account in a few minutes.

Here are the steps to open a Demat account online:

1. Head to the official website of your preferred DP www.growmudra.com
2. Fill out the simple lead form asking for your name, phone number and city of residence. You will then receive an OTP on your registered mobile number.
3. Enter the OTP to get to the next form. Fill in your KYC details such as date of birth, PAN card details, contact details, bank account details.
4. Your demat account is now open! You will receive details such as demat account number on your email and mobile.

List of accepted KYC documents

In order to open a demat account, you will require certain documents. You will need one proof of identity and one proof of address. Here is a list of accepted documentation that can serve as:

Proof of identity

1. passport
2. driver's license
3. voter's ID
4. IT returns
5. Verified copy of electricity/phone bill
6. PAN card
7. Bank attestation
8. A photo ID card issued by a central or state government body
9. ICAI, ICWAI, ICSI, bar council etc, issued identification card with photograph

Proof of address

1. Voter’s ID
2. Ration card
3. Passport
4. Driving license
5. Bank passbook/ bank statement
6. Leave and license agreement/ agreement for sale,
7. Verified copies of residential telephone/ electricity bills
8. Self-declaration by High Court/Supreme Court judges
9. A photo ID card with address issued by a central or state government body
10. ICAI, ICWAI, ICSI, bar council etc., issued identification card with photograph and address.