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In today’s digital times, opening a Demat account is just a matter of a few clicks, with the help of online web and application facilities.

 

Storage of your securities and shares, along with other investments is made quite easy with the help of Dematerialisation accounts or Demat accounts. The best part is that opening a Demat account can be done by filling an online application form. 

 

Also, the documentation for Demat account opening is very minimal, involving your PAN Card, address proof, proof of identity, and bank proof.

Steps to Open a Demat Account

Opening a Demat account requires you to follow simple steps, which are:

 

  • Step 1: Visit Bajaj Financial Securities Limited and search for the Demat account opening link.

  • Step 2: After locating the link, complete the application form by providing the mandatory information.

  • Step 3: Enter your address, as mentioned on your address proof documents (like your Aadhaar card).

  • Step 4: Now, add the details of the bank account which you want to link with the recently opened Demat account.

  • Step 5: Next, you need to upload a soft copy of your KYC documents. – like PAN, Aadhaar, photographs, signature, etc.

  • Step 6: To complete the in-person verification, record a short video of yourself.

  • Step 7: Now, e-sign your application via your Aadhaar linked mobile number and click on ‘Submit’.

  • Step 8: Review and submit your application. Ensure you’ve entered your details correctly before you submit your application.

  • Step 9: Once your verification is completed successfully, your Demat account will be opened, and you will receive the login credentials in no time.

Facilities Offered by a Demat Account

Investing in the stock market is convenient for you with the help of various facilities provided by a Demat account. Read on for more.

 

  • Storing your investments in digital form is possible with Demat accounts, ensuring safety of your important details.

  • Your financial instruments are safe as a Demat account is secure, compared to storing or keeping physical investment certificates at home.

  • A Demat account is mandatory for Initial Public Offerings

  • You can transfer your existing shares faster and more efficiently with a Demat account, as it is a completely online process.

 

  • Get access to the dematerialisation facility, where your physical shares can be converted to a digital form for storing in your Demat account. Similarly, you get rematerialisation facilities, where your shares are converted back to physical format from e-format, i.e., paper certificates.

  • With the Pledging feature, a Demat account holder can offer existing shares as security and avail of trading limits. 

 

Demat Account Charges & Fees

A Demat account typically does not involve any charges, but there are some additional fees and charges that you should know. Here are a few charges applicable on a Bajaj Financial Securities Limited Demat Account:

Type

Charges

Account opening

Nil

AMC – Annual Maintenance Charge

Nil

Off-market transfer (within Bajaj Financial Securities Limited)

₹30 or 0.0002% of the transaction value (whichever is higher) + applicable taxes

Off-market transfer (outside Bajaj Financial Securities Limited)

₹30 or 0.0002% of the transaction value (whichever is higher) + applicable taxes

Pledge/Closure/Unpledged/Invocation

₹35 + applicable taxes

Physical CMR/DIS request

First request is free. Thereafter, ₹50 + ₹100 (courier charge) + applicable taxes

Dematerialization request

₹50 per request + ₹50 per certificate

Rematerialization request

₹35 per certificate or 100 shares and part (whichever is higher), and ₹25 per restate of account redemption statement

*The rates and charges in the above table are subject to change as per Bajaj Financial Securities Limited terms and conditions and government regulations.

Unique 16-digit Demat Account Number

When you open your Demat account, you get a 16-digit unique numeric code known as the Demat account number. This differentiates your Demat account from other accounts. Keeping this information private and safe is essential.

 

A Demat Account Number is essential because:

 

  • Acts as a unique representation

  • Useful in cross-checking transactions

  • Helps in separating and organising transactions

  • Required during queries and Redressal 

Features & Benefits of Opening a Demat Account with Bajaj Financial Securities Limited

You have the facility of tracking and maintaining your securities, shares and other investments digitally. It helps to keep all your investments in one place and transact easily on the go.

 

Demat Account Opening Charges

Free*

Brokerage Charge

₹20/ order*

Application Process

Online within 15 minutes

Demat AMC

Free

Trading Products

Equity/Derivatives/Margin Trade Funding

Disclaimer: Rates and specifics are subject to change as per the service provider’s policies. 

Additonal Features and Benefits you get when you Open Demat Account Online with Bajaj Financial Securities Limited:

Paperless journey

You can open a Demat account with an end-to-end online process. There is no need to get into excessive paperwork which saves customers a lot of time.

Online access

Opening a Demat account online with Bajaj Financial Securities Limited will give you access to your account on a web platform and mobile application. You can access it from anywhere, anytime, and conti Read Morenue seamless trading on the go. Read Less

Free account

With the Bajaj Financial Securities Limited Freedom subscription plan, you can open a free Demat account online.

Multiple products

Invest in various products such as shares, bonds, IPOs, and more with your Demat account.

Regular Updates

Bajaj Financial Securities Limited’s app is constantly updated with the latest technological innovations in the market. Account holders can enjoy several benefits and the latest features on the online Read Moreplatform. Read Less

Low brokerage

Enjoy competitive brokerage rates using the Demat account of Bajaj Financial Securities Limited.

Customer support

If you have any queries or need further clarity with your investments, you can easily reach out to Bajaj Financial Securities Limited’s customer care team.

Alternatively, you can visit the self-service portal, designed to empower you to make changes in your contact details, linked bank account, segment addition or subscription pack upgradation.

Subscription Plans of Bajaj Financial Securities Limited

The investment frequency and amount of every investor is different, based on their preferences, method of investing and other factors. Some prefer to buy shares for the long term, while others like to take intraday positions. 

 

There can be differences in the instrument used for trading, like some prefer equity, while some take more interest in derivatives.

 

To serve the needs of every customer, Bajaj Financial Securities Limited provides the following subscription packages, each with its own unique features and benefits.

Pack Name

Brokerage (Delivery)

Brokerage (Intraday & Futures -Options)

Margin Trade Funding Interest Rate

Subscription Charge

Freedom Pack

₹0 per order

₹20 per order

18% p.a.

Free (1st year), ₹431 p.a. 2nd year onwards

Professional Pack

₹0 per order

₹10 per order

12.5% p.a.

₹2,500 p.a.

Bajaj Privilege Club

₹0 per order

₹5 per order

Lower Interest Rates

₹9,999 p.a.

Reasons to Choose Bajaj Financial Securities Limited to Open a Demat Account

Here are some reasons why opening a Demat account with Bajaj Financial Securities Limited is your best bet:

 

 

  • Registered DP: Bajaj Financial Securities Limited is a registered DP, i.e., Depository Participant with the NSDL and CDSL. It is a registered stockbroker with BSE and NSE.

  • Brand Name with a Rich Legacy: Bajaj Financial Securities Limited is a 100% subsidiary of Bajaj Finance Ltd – a company that has established its trust and legacy in the market for decades.

 

  • Pan India presence:  Bajaj Financial Securities Limited has a wide network of branches in all the major cities of India and is easily accessible to one and all. Apart from the seamless digital platform, customers can also opt to visit one of the nearest branches seamlessly too.

FAQs on Demat Account Opening

What are the charges for opening a Demat account?

Usually, you can open a Demat account for free. However, some DPs charge an account opening fee, Maintenance Charges, or processing fees. With Bajaj Financial Securities Limited, you can open a Demat & Trading account completely free by opting for the Freedom subscription pack.

What are the documents required for opening a Demat account?

To open a Demat account online, here is a list of basic documents you must have handy - PAN Card, recent photograph, proof of address, i.e., Aadhar Card, Voter ID, Passport, Driving Licence (Any one document), signature on plain paper, and your existing bank account details.

Who can open a Demat account?

Any citizen of India who is 18 years of age and above can open a Demat account online by providing a valid PAN card, address proof and a bank proof, such as, the copy of cancelled cheque for registering the bank account

Is the nomination facility available in a Demat account?

Yes, you get the facility of adding a nominee. This facility is provided by your Depository Participant or DP. Remember, this is a voluntary feature and not a compulsion for every account holder.

Can the Demat account be transferred?

Shares held in a Demat account can be transferred to another Demat account, however, the ownership of a Demat account cannot change. 

 

Adding a nominee can help you transfer the funds to another account in case of unfortunate demise of the original Demat holder. The nominee gets the assets conveniently which can help them in challenging financial times.

Can we withdraw money from the Demat account?

Yes, you can withdraw money by placing a fund withdrawal request on your Demat and trading application. Fund transfer can take time as the Risk Management teams of various brokerage houses have to sign off the clearance.


Can I apply for IPOs using a Demat account?

Yes, an investor must hold a Demat account to place a request for applying in an IPO, i.e., Initial Public Offering.

Can I open a Demat account online?

Now, you have the facility of opening a Demat account online, along with online KYC and account linking.

What is the minimum bank balance to open a Demat account?

You are not required to maintain any minimum sum requirement for opening a new Demat account.

How can I open a Demat account for beginners?

You can open your Demat account and start investing very easily. Simply, send in your Demat application online along with the required documents and complete the KYC process. All this can be done online at the comfort of your home.

 

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