Documents required for demat account

Key Takeaways

• Demat Account stores all your equity, mutual funds and bond investments securely in a dematerialized, i.e electronic form. A Demat Account is mandatory for investing in the equity and bond markets.
• As of December 2025, the Ministry of Finance reported a total of 21.6 crore Demat Accounts, with a remarkable increase in active investors, crossing the 12 crore mark.
• Opening any type of Demat Account primarily requires documents for identity proof, address proof, and income proof (for the F&O segment).
• You can open a Demat Account online with a trusted, SEBI-registered broker who will conduct an e-KYC, bank verification and Aadhaar-linked OTP authentication to create and activate your Demat Account quickly without manual paperwork.

Documents Required to Open A Demat Account

You need to submit documents based on the type of Demat Account you opt for. The following are the documents you need to submit based on the type of Demat Account.

Documents Required for a Regular Demat Account & Basic Service Demat Account (BSDA)

To open a regular/individual demat account and Basic Service Demat Account (BSDA), the following documents are required:

• PAN Card
• Aadhaar Card
• Income Statement (for F&O segment)

Documents Required for a Joint Demat Account

To open a joint demat account, the following documents are required:

• Passport-size photographs of the joint holders
• Self-attested PAN copy of the joint holders
• Self-attested address proof of the joint holders. (Aadhaar, driving licence, passport or voter ID.)
• A bank account proof in the primary holder's name. (Cancelled cheque, a bank statement, or a bank passbook copy with the bank account number)
• Bank statement as income proof to trade in F&O.

Documents Required for a Minor Demat Account

Though a minor cannot independently open a Demat Account, their parents or guardian can open and manage a Demat Account in their name on their behalf until they reach maturity.

• Minor’s PAN card
• Minor’s Aadhaar card or passport for identity and address verification
• Minor's birth certificate or 10th marksheet
• Cancelled cheque or recent bank statement of a bank account in minor's name

Documents Required for a HUF Demat Account

To open a HUF demat account, the following documents are required:

• Pan Card of Karta & HUF
• Address proof of Karta & HUF
• HUF Stamp & List of Coparceners
• Signature Coparcener on POA
• HUF Demat Proof (Trading only)
• Photograph of Karta
• Bank Statement in the name of HUF
• Deed of Declaration & Bank Pass Book in the name of HUF

Documents Required for a Corporate Demat Account

To open a corporate demat account, the following documents are required:

• Account opening annexures
• PAN of the company
• Address proof
• Individual KYC form signed by the executive directors
• Certificate of incorporation
• Articles of Association (AOA)
• Memorandum of Association (MOA)
• Net-worth certificate
• Bank account proof
• Income proof for F&O trading

Documents Required for NRI Demat Accounts

To open a demat account for NRIs, the following documents are required:

• A copy of your passport.
• A copy of your valid visa.
• Overseas address proof and address proof of your workplace.
• A PINS permission letter from an authorised dealer
• A copy of your PAN card.
• Passport-sized photographs.
• Proof of bank accounts.
• PIS approval letter from the Bank
• Cancelled cheque copy of PINS bank account

How to Open A Demat Account with Upstox?

Opening a Demat Account with Upstox is quick and easy.

Step 1: Download the Upstox App or visit the Upstox website. Enter your mobile number, verify it via OTP, and provide basic personal information.

Step 2: Complete your paperless e-KYC process and provide your income proof only if you want to activate the derivatives segment in your trading account to trade F&O.

Step 3: Verify your identity by taking a live photo.

Step 4: Enter and verify your bank account details.

Step 5: Add a ‘Nominee’ to your Demat account. SEBI mandates adding a nominee to your demat account or completely opting out of the facility.

Step 6: Read and accept the terms and conditions of opening a Demat account with Upstox by e-signing.

Step 7: Once all the required details are provided, Upstox will verify and activate your demat account.