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What are demat accounts?

To hold and trade in shares and securities like bonds, mutual funds, government securities and other holdings, you need a ‘dematerialized account’ or ‘demat’ account. Opening an online demat account makes the entire process of trading, speedy and secure.

Open Free Demat Account

Geojit offers a single demat account for all your investing and trading needs

  1. Zero account opening charges
  2. Zero paperwork
  3. Zero AMC until 31st March 2023
  4. Free research recommendations
  5. Quick onboarding – Open a demat account with just PAN, Aadhaar and eKYC
  6. Easy accessibility – Log in with password and begin trading from Geojit’s website, Android or iOS platforms in just one click
Open Free Demat Account

Reasons why you should open a Geojit demat account

  • Get access to Portfolio Analysis Tool
  • Geojit has prominent promoters: BNP Paribas, C. J. George – Founder and MD - Geojit and Kerala State Industrial Development Corporation (KSIDC)
  • We have multiple client support points and a countrywide network of branches, online, customer care or you can reach us anytime on WhatsApp
  • Get equity research both fundamental & technical and mutual fund recommendations from our in-house research and investment advisory teams
  • Joint ventures in UAE, Oman, Bahrain and Kuwait to help NRI investors
  • Convenient and faster investments are facilitated through our online digital platforms – Selfie, FundsGenie, Smartfolios
GeojitdematAC

How to open an Geojit online demat account?

    It’s simple. Fill, upload and trade.
  1. You can open a demat trading account online with any Depository Participant (DP), such as Geojit. The DP acts as an agent of the depository. DPs are the intermediaries between the depository and the investors.
  2. Visit Geojit’s website -> click on ‘open demat account’
  3. Fill the form – Name, email ID, mobile number, One-time password (OTP), city.
  4. Link your bank account
  5. Upload your documents
Open Free Demat Account

Checklist of documents to open a demat account

  • Photographs: Recent passport size photo
  • PAN Card: A copy of the PAN card with a clear signature by the client. If the current signature does not match the signature on the PAN, additional ID proof with the current signature or a declaration from the bank mentioning the reason for the change in signature must be collected.
  • Identify and Address Proof: Your driving license, voter's ID, Aadhaar card, National population register letter, and passport will be accepted as proof of identity.
  • Bank account proof: As per the NSDL master circular, any one or more of the following documents can be accepted as proof of bank details: a specimen copy of a cheque or cancelled cheque, a copy of a bank statement, a copy of a bank passbook, or a letter from bank. The aforementioned documents must contain the following information to be acceptable as proof of bank details: Name of account holder, account number, bank name, branch address and IFSC/MICR code.
  • Derivative proof and Commodity categorization form (if required): If the client opts to trade in the F&O/CDS segment/commodity segment, then a derivative proof is required. Some of the derivative proofs accepted in the case of individuals are - a bank account statement for the last six months, in the case of salary income - salary slip, Copy of Form 16, net worth certificate, copy of ITR Acknowledgement, copy of demat account holding statement.
  • For 2nd & 3rd holders in demat, CKYC and supporting proofs: Documents required as per the holder's residential status.

Once you complete the Demat account opening process, you will receive the following:

DP ID
DP ID
Beneficiary ID or Demat Account number
Beneficiary ID or Demat Account number

Know your Trading & Demat account

    Buying and selling shares and holdings are hassle-free with an online demat and trading account. Here’s a step-by-step explanation of how a demat account works.
  1. Along with a demat account, you will get a linked trading account. This trading account will have a unique log in ID and password.
  2. You can use this trading account to buy and sell shares
  3. A demat account is then used to hold the bought shares
    4. To buy or sell a particular share, you need to log in to your demat trading account, which is linked to your bank account. Once a ‘buy’ or ‘sell’ request is put in the demat trading account for a particular share, the respective stock exchange such as NSE/BSE is alerted immediately.

Financial instruments you can buy through an online demat account on Geojit

Equities
Equities
  • Geojit offers a specially designed platform – Selfie. This helps you trade seamlessly across segments, through a smartphone, desktop or tablet. Achieve your financial goals with stock recommendations and reports from Geojit. Geojit’s advanced trading platforms like Selfie and TraderX offer cutting edge charting tools and analytics.
E-IPO
E-IPO
  • Say bye to complicated processes to apply for an IPO. Place your bid in a few clicks through Geojit’s e- IPO Platform
  • Retail investments up to INR 5,00,00 are allowed through e-IPO
Derivatives
Derivatives
Derivatives are financial contracts that derive their value from an underlying asset such as stocks, commodities, currencies etc., and are set between two or more parties, where the value of the derivative is derived from price or value fluctuations of the underlying assets. Derivatives can be used to hedge a position, speculate on the directional movement of an underlying asset, or leverage holdings. Geojit offers the platforms TraderX and Selfie for derivative trading. Also, a free tool called Options Lab is provided for back testing your derivative strategies.
Mutual Funds
Mutual Funds
  • Invest from anywhere, anytime through the FundsGenie app, Selfie investment platform, branch network or customer care.
  • Don’t just invest; get access to our high-quality mutual funds-related information through our FundsGenie app
  • Start investing instantly after a smooth, paperless on-boarding process. Discover tax-saving funds easily.
Currency Futures
Currency Futures
Through Geojit, you can invest in all the major currency pairs with ease. Hedging, speculation or arbitrage, we offer quality research and seamless trading experience to all types of investors.
Commodities
Commodities
Geojit’s pan-India presence and experienced staff for delivery and settlement process simplify the commodity trading experience. We are a trading-cum-clearing member of all major commodity exchanges in India. Geojit also offers all commodity-related services ranging from arbitrage and hedging services to broking.
Depository services
Depository services
Geojit’s depository facilities are supported by the pillars of trust, credibility, technology, and prompt grievance redressal. We also offer an integrated customer site, e-services and SMS alerts.
Smartfolios
Smartfolios
Choose Smartfolios, our hassle-free, data-driven platform where equity investments meet intelligence. Smartfolios offer you baskets of stocks curated by experts to help you to invest based on your investment appetite and outlook to achieve your financial goals.

Benefits of a demat account

Safeguard your shares and holdings from loss and theft
Safeguard your shares and holdings from loss and theft
Your shares are held in dematerialized form in your demat account. This means that your shares are protected from damages due to wear or tear, getting misplaced, or stolen.
Protection from fraud and forgery
Protection from fraud and forgery
Earlier, when shares were held in physical form, they were forged, and owners were impersonated using forged documents. With a demat account, your shares and holdings can neither be forged nor can anyone impersonate you in the exchanges.
Provision of loans
Provision of loans
Another major advantage of a demat account is that the shares and holdings in your online Demat account can be used as collaterals for securing loans from banks and NBFCs.
Cost effective
Cost effective
Opening demat accounts is cost effective as they do not require stamp duty charges, registration charges, or handling charges.
One account, multiple investment options
One account, multiple investment options
Why invest through other platforms and financial institutes when you can do it with your online demat account? Yes, with your demat account, you can invest not just in stocks, but also in Equity derivatives, Equity Linked Savings Schemes (ELSS), Unit Linked Insurance Plans (ULIPs), commodities, and currency futures. Demat account also enables tracking and comparing the performance of all your investments on a single screen.
Quicker settlement
Quicker settlement
Did you know that trading, transfer of ownership, clearing of payments takes place with a click of a button? Demat accounts are not only transaction hassle-free, but the settlements are also faster. Due to demat, Indian stock markets now have a T+2 settlement time and is moving to T+1 settlement time which means all settlements are made in 1-2 days after the transaction date. This is a remarkable improvement as opposed to the physical trading days. Some settlements are cleared within 24 hours.

Did you know

Shares were held in physical form until 1996. Traditional methods of buying or selling shares involved requesting an order with your financial broker over an email, phone, or post. Frauds, forgery, long turnaround time for clearances, were some of the risks associated with this age-old method.
To do away with these risks and paperwork, India introduced the demat account system in 1996 for trades on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Today, all demat accounts are easily managed via digital applications.

FAQ

It’s simple. To sell a share, look up the particular share on Geojit’s trading platform and click on sell. For easiness you may visit the portfolio/holdings of the trading terminal and place a sell order.


Yes, of course. The guardian of the minor must provide mandatory documents, such as PAN card, identification proof, address proof, age proof, bank proof and photographs of the minor, to the service provider. The service provider then verifies the documents and captures the PAN card details of the minor in the DPM system after verification. The guardian should also provide his/her identity proof/PAN/Address proof to the service provider. Once the documents are successfully verified, a DMAT account for the minor will be created.


Depending on your internet connectivity, a demat account opening process takes seconds to minutes.


Yes, it is possible. In order to change your address in the demat account, you will have to submit your new address proof, self-attested identity proof of all the account holders and attested proof of new (Correspondence/Permanent) address in the name of the first holder.


There are two major depositories in India - the National Securities Depositories Ltd (NSDL) and Central Depository Services Ltd (CDSL). These depositories hold the shares of depository participants (DP). Other entities involved are demat service providers, authorized stockbroking firm, financial institution, such as the bank, clearing houses, National Securities Clearing Corporation Ltd (NSCCL) under NSE and Indian Clearing Corporation Ltd (ICCL) under BSE, and stock exchange.
Are you looking to open an online demat Account? Click here to get started! Geojit’s superfast Demat account offers you a safe, online, and hassle-free mode to keep track of your investments.


Frequently Asked Questions(FAQ)

How do I sell a share on an online demat account?

It’s simple. To sell a share, look up the particular share on Geojit’s trading platform and click on sell. For easiness you may visit the portfolio/holdings of the trading terminal and place a sell order.


Can minors open a demat account?

Yes, of course. The guardian of the minor must provide mandatory documents, such as PAN card, identification proof, address proof, age proof, bank proof and photographs of the minor, to the service provider. The service provider then verifies the documents and captures the PAN card details of the minor in the DPM system after verification. The guardian should also provide his/her identity proof/PAN/Address proof to the service provider. Once the documents are successfully verified, a DMAT account for the minor will be created.


How long does it take to open an online demat account?

Depending on your internet connectivity, a demat account opening process takes seconds to minutes.


Is there a way to change my address in demat account?

Yes, it is possible. In order to change your address in the demat account, you will have to submit your new address proof, self-attested identity proof of all the account holders and attested proof of new (Correspondence/Permanent) address in the name of the first holder.


Which entities are involved in opening a demat account?

There are two major depositories in India - the National Securities Depositories Ltd (NSDL) and Central Depository Services Ltd (CDSL). These depositories hold the shares of depository participants (DP). Other entities involved are demat service providers, authorized stockbroking firm, financial institution, such as the bank, clearing houses, National Securities Clearing Corporation Ltd (NSCCL) under NSE and Indian Clearing Corporation Ltd (ICCL) under BSE, and stock exchange.
Are you looking to open an online demat Account? Click here to get started! Geojit’s superfast Demat account offers you a safe, online, and hassle-free mode to keep track of your investments.