Documents Required for Opening Demat Account in Choice Broking

Demat is a type of bank account except in a Demat you transact in stocks and securities. The procedure is also the same as opening a bank account.

Open a free Demat account with Choice Broking online which is paperless and with the required documents handy, opening the account does not take more than a few minutes.

We will, however, look at the list of documents in detail for the prep-up, below is an exhaustive list,

1. Proof of Identity (POI) (Eg.: PAN Card or Driving license)
2. Proof of Address (POA) (Eg.: AAdhar or Passport)
3. Proof of Income (For trading in derivatives such as F&O) (Eg.: 6 months Bank statement or Copy of ITR Acknowledgement)
4. Proof of Bank Account (Eg.: Cancelled cheque)
5. PAN Card
6. 1 to 3 passport size photographs

List of Documents Acceptable as Proof of Identity:

• PAN card with a valid photograph.
• Aadhaar / Passport/ Voter ID card / driving license)
• Central/State Government or its departments issued Identity Cards.
• IDs issued by Professional Bodies like ICAI, ICWAI, ICSI, Bar Council, etc
• Credit Cards/Debit Cards issued by Banks

List of Documents Admissible as Proof of Address:

• Passport / Voters Identity Card / Ration Card /Registered Lease or Sale Agreement of Residence /Driving License/Flat Maintenance bill/Insurance Copy
• Telephone Bill (only landline), Electricity bill or Gas bill (Not more than 3 months old)
• Bank Account Statement / Passbook (Not more than 3 months old)
• Central/State Government or its departments issued Identity Cards
• IDs issued by Professional Bodies like ICAI, ICWAI, ICSI, Bar Council, etc
• Proof of address in the name of the spouse may be accepted

Note: Documents having an expiry date should be valid on the date of submission.

List of Documents Admissible as Proof of Income:

• Last 6 months Current bank account statement showing the income history of the client
• Income Tax Return (ITR) Acknowledgement slip photocopy
• Form 16 or recent salary slips as Proof of Salary
• Net-Worth Certificate attested by a Chartered Accountant or photocopy of the Annual Accounts audited by a qualified Chartered Accountant
• Documents that substantiate ownership of assets along with documents supporting the claim are also acceptable for Proof of Income
  

Once you have these documents ready you can simply download and Install the Jiffy App (Android & iOS) or simply visit Choice Broking’s site https://choicebroking.in/open-demat-trading-account the procedure is simple to follow and you will have the keys (passwords / IDs) very soon.