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You can open an account through two depositories in India. These are the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). Both NSDL and CDSL provide various services, from holding securities and tracking transfers to settling transactions. 


The primary market for an NSDL Demat account is the National Stock Exchange (NSE). With this account, you can hold and trade securities electronically. NSDL offers a range of benefits and ensures safe transactions for investors.

Features and Benefits of an NSDL Demat Account

Opening an NSDL account could help make your trading experience seamless and allow you to conveniently invest in the stock market. Here are some of the key characteristics and advantages of an NSD Read MoreL Demat account: Read Less

Online Access

It allows you to monitor investments, view your portfolio, and make transactions without visiting the depository or the broker's office

Secure and Safe

These accounts offer multiple layers of protection and have robust security protocols to prevent unauthorised access

Cost-effective

Transactions through your NSDL Demat account eliminate the need for paying stamp duty and may lead to lower transaction fees

Hold Multiple Assets

You can hold various types of securities, including equities, bonds, mutual funds, and other financial instruments

Reduced Paperwork

You can submit documents online, eliminating the need to deal with the hassle of paperwork

Lower Risk of Theft or Loss

Since your securities are held electronically, there is less risk of someone accessing your holdings and this ensures that your investments are protected

Faster and Smoother Transactions

You do not have to wait for the delivery or processing of physical securities, leading to faster settlement times and a more efficient trading experience.

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Documents Required to Open an NSDL Demat Account

When applying for an NSDL Demat account, you need to furnish certain documents as proof of identity and residence. Here is what you may need to submit: 

  • Identity proof

  • Address proof

  • Identity proof

  • Passport-size photographs

  • Cancelled cheque

Procedure for opening an NSDL Demat Account

Opening an NSDL Demat account on Bajaj Markets is a simple process. Here's a step-by-step guide:

  1. Click on ‘OPEN ACCOUNT’ on this page

  2. Enter your name, mobile number, email address, and other details 

  3. Accept the terms and conditions and click on ‘GET OTP’ and enter it

 

Then, you will be redirected to the Bajaj Finserv Securities Limited website to continue opening a Demat account.

Frequently Asked Questions

What documents are required to open an NSDL Demat account?

To open an NSDL Demat account, you must submit identity proof, address proof, income proof, and a passport-sized photograph. You may also need to provide a cancelled cheque or bank statement.

How much does it cost to open and maintain an NSDL Demat account?

The cost of opening an NSDL Demat account varies as per the depository participant. Most providers charge a one-time account opening fee, an annual maintenance fee, and transaction charges. Transaction charges are based on the value of the securities traded and the type of transaction (buy/sell). 

What are the benefits of having an NSDL Demat account?

An NSDL Demat account offers several benefits, including convenient online trading and secure holding of securities. Additionally, it eliminates the stamp duty charges and other paperwork associated with physical certificates.

Can I convert my physical share certificates into an NSDL Demat account?

Yes. You can easily convert your physical certificates through dematerialisation. To do this, submit the physical certificates along with the DRF form to your Depository Participant (DP). The DP will initiate the process, and once it is complete, the securities will be credited to your NSDL Demat account in an electronic form.

Is NSDL Demat account a specific type and are there other Demat account variants?

This is a type of Demat account provided by one of the major depositories in India, National Securities Depository Limited. You could browse other types of Demat accounts, such as joint accountminor account, and  NRI account, among others.

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