EducationalWant to kickstart your investing journey in the markets? You just have to open demat your account! Opening a demat account is now made quick, simple and hassle-free. See how you can go about opening your own demat account below!
What is a demat account?
A demat account is also called a dematerialized account. With a demat account, you can hold securities in an electronic form. These consist of stocks, mutual funds, exchange-traded funds (ETFs), bonds, etc. You can trade them in the markets. NSDL and CDSL support these accounts which are regulated by SEBI. They permit you to store the securities that you buy.
Documents Needed for a Demat Account
• Identity Proof: PAN Card, voter’s ID, Aadhaar card, driving license, or passport.
• Address Proof: Electricity bills, ration card, property tax receipts, passport, bank passbook, telephone
bills, Aadhaar card or voter’s ID.
• Income Proof: Cancelled personalized cheque, latest salary slip, Income Tax Return (ITR) Photocopy, account statement of current bank.
How to Open Demat Account with Walue?
Opening a Walue demat account is easy. Simply follow the steps below.
1. Go to the Walue site or download Walue app from Play store/App store.
2. Fill your mobile number. Next, click on ‘Open account Now’.
3. You’ll get a verification code on your registered number. Next, enter the code.
4. Type your email address and verification code, then click on Verify Account.
5. Input your PAN number & birth date. Click on ‘Proceed’ button.
6. You will be prompted to provide additional personal information and bank details.
7. Complete eKYC process and upload your selfie.
8. Upload scanned copies or clear photos of your PAN card and a signature. Ensure that
the documents are valid and legible.
9. Review the information that you provided and submit the eKYC form.
10. e-sign form & finish your account opening procedure.
Note: For any assistance, kindly contact serviceguru@walue.com
Charges for opening a Demat Account
View the charges to open a Walue Demat account.
What to keep in mind when opening a demat account
- You can access your every investment and statement-the speedy and simple way via net banking.
- Safeguard your investment in a demat account via the electronic mode. This reduces fears of placing your shares haphazardly and provides safety from robbery, or damage.
- A demat account makes investing in the market more simple. It gives you the convenience and comfort that You need.
- Before, transferring stocks was a long procedure. Sending physical stocks to the registrar would take months. This is done super fast with a demat account now.
- By monitoring your portfolio easily, you can save your time and effort.
- Trading involved lots of paperwork and was very time-consuming. But today’s demat accounts have made the process more efficient and affordable.
- Before demat accounts, it was mandatory to stick a stamp to a share certificate and then trade. This was tedious for most people to follow. With demat accounts coming into existence, it’s not necessary to do this anymore. So, trading is more cost-effective and convenient for almost everybody now!
So wait no more! Open your free Walue demat account now.
What are the applicable charges to open a Demat account?
Charges relevant to demat accounts comprise physical statements, AMCs, and costs involved in dematerialisation and rematerialisation.
Which site to visit and open a Demat account?
Go to Walue site to open your demat account for free.
