Account opening form for a trading account

We’ve previously discussed the things you should keep in mind before opening a demat account and why you should open a trading account in the first place. It’s an obvious decision really, once you’ve understood what a demat account is .

A trading account is equally essential - it is used to place buy and sell orders in the stock market whereas a demat account holds all the securities you transact. As with any other registration, opening a demat account and trading account requires you to fill a form - the account opening form.

Procedure to open a demat/trading account

If you haven’t had a look at our demat account opening procedure guide , or our trading account opening procedure guide , get yourself up to speed. The basic steps involve selecting a broker that works best for you - likely to be a discount broker.

This is followed by registering either online (using online demat account opening form) or via an offline account opening form.

Once you’ve filled in the details, attach the required documents and submit. That should be enough to get started!

• e-KYC method (paperless method): You don’t need to deal with any paperwork if you’ve got your mobile number linked to your Aadhaar card. Using Upstox’s online demat account opening and eKYC registration, your credentials can be verified online and you should be good to go, all paperless.
• The traditional method is done in an old-fashioned way. Your broker will hand you a demat account opening form and KYC (Know Your Client) form or you can download those forms. These forms are to filled by you and submitted personally, along with the required documents we’re listing out below.

The Documents You Will Need

• A Proof of Identity(POI), which can be:
  1. PAN card
  2. Unique Identification Number (UID) (Aadhaar Card)
  3. Passport
  4. Voter ID card
  5. Driving license
  6. Any identity card which is issued by the Central or State government.
• Proof of Permanent and Correspondence Address , which can be:
  1. Passport
  2. Unique Identification Number (UID) (Aadhaar Card)
  3. Voter ID card
  4. Ration card
  5. State issued driving license
  6. Bank account statement or bank passbook
  7. Utility bills. Ex. electricity bill or gas bill
• Proof of Income(POI), which can be:
  1. A copy of ITR submitted to the Income Tax Department.
  2. A copy of annual income audited by a chartered accountant.
  3. Bank account statement of last 6 months
  4. Demat account holding statement with a depository participant

Fields that are to be filled in the account opening form

1. Type of account (Ordinary, NRI, NRI-Non-Repatriable or HUF)
2. Account holder information (name, address, telephone no., email id etc.)
3. Second holder details
4. Guardian details
5. Extra information for NRIs (foreign address, RBI reference no. and RBI reference date)
6. Bank details (Account no. , account holder’s name etc.)
7. Financial details (PAN no. , district or ward no.)
8. Photograph
9. Declaration (Holder’s name and signature)