Can I open a Demat account online ?
Friends, if you also want to earn money by investing in the stock market, or if you want to earn money through trading, or if you want to invest in mutual funds and earn through SIPs, then let me tell you that you need to have a Demat account in order to make money from the stock market. You understand that, right? But to open a Demat account, what do you need to do? You need to read this article all the way through. Yes, in this short article, I will explain in very simple terms how you can open a Demat account for free from your mobile phone. Yes, I’ll tell you everything in this article, but you need to remember one thing: in order to open a Demat account, you must have your own PAN card, and you’ll need it for verification. You also need your Aadhar card, and the mobile number linked to it. Because you’ll receive OTPs on that mobile number, you’ll need that too.
If you have these three things, then read this article till the end and follow all the steps I explain carefully. From your mobile, sitting at home, you can easily open your Demat account and start investing in the stock market. You can earn money through daily trading, or you can invest in stocks. I just have one small request: if you learn anything from this article, please give it a like. And if you're new to the stock market and want to learn everything about trading, make sure to subscribe to this channel. Don't forget to click the bell icon and select "All," so you get notified when I upload a new article. Let’s start the article now.
Can I open a Demat account online
I’m your friend Raki, and you're reading our channel "Spread Gyaan." As soon as you click the link in the description, this page will open. Please pay attention, the process is very easy.
Here, you will first need to enter your mobile number. Once you enter your number, an OTP will be sent to your phone. Enter the OTP, and click on the "Continue" button. After clicking on "Continue," this page will open up. Here, you’ll need to enter your full name. After entering your name, click on "Continue." Then, you'll be asked to enter your email address and password, which you can set. I’ll enter my email, and then click "Next." After entering the email, you'll need to create a password and click on "Next."
How to Open a Free Demat Account and Start Earning from the Stock Market
Once you do that, it will confirm that your Demat account will be opened with the details you entered. Now, you’ll need to fill in your PAN card number, which will be verified. After entering your PAN number, click "Proceed to DigiLocker." On the DigiLocker page, you'll need to give permission, so click "Allow." You will then need to enter your Aadhar card number. After entering the Aadhar number, fill in the text shown on the screen, then click "Next."
Step-by-Step Guide to Opening a Demat Account from Your Mobile Phone
You’ll receive an OTP on your linked mobile number. Enter that OTP and click "Continue." Remember to enter the OTP within 10 minutes. Next, you'll need to enter your DigiLocker PIN. If you don't know your PIN, you can click on "Forgot" and recover it. After entering the PIN, click on "Allow" again to proceed.
Now, your documents will be received by the broker, and the bank verification process will begin. You’ll need to make a small payment, typically ₹1, through UPI, which will verify your bank details. After completing the payment, your bank will be verified. Your account details, including your bank name, account number, and IFSC code, will be shown.
After that, you’ll be asked to take a selfie for KYC verification. You’ll need to open the camera, take a selfie, and submit it. Once the selfie is uploaded, you’ll need to sign the document. You can use your finger or a pen to sign. After signing, click on "Submit.
Learn How to Invest in Stocks with a Free Demat Account: A Complete Guide
Once you submit the signature, the system will ask you if you want to activate equity or mutual fund services. If you want to proceed, click "Proceed." An OTP will be sent to your phone, and after entering the OTP, click "Confirm."
Can I open a Demat account online
At this point, you’ll be asked to provide consent, and you’ll receive another OTP to verify your identity. Once you enter the OTP, your consent will be successfully provided. You’ll then be asked for some more details about your annual income, work details, gender, and marital status. Once you've filled in all the necessary information, click "Continue."
If you wish to add a nominee, you can do so at this step. If not, you can skip it for now. After confirming the nominee details (if added), you’ll click on "Proceed to E-Sign.
How to Open a Demat Account in Minutes and Start Earning from Trading
Once you click on "Proceed to E-Sign," you’ll be asked to provide your Aadhar number again. After entering your Aadhar number, an OTP will be sent to your linked mobile number. Once the OTP is verified, your account will be ready.
The entire process may take up to three working days for everything to be fully set up. Once your account is ready, download the Angel One app and log in using the phone number you registered with.
After logging in, you’ll be able to access your account and start using it for trading and investing in stocks, mutual funds, and more. If you want to learn about SIPs in mutual funds, I have a separate article where I explain everything in detail.
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