Benefits Of Opening Demat Account With m.Stock
What is a Demat Account and why do you need it?
Millions of Indians have turned to the stock market to participate in its buzz, excitement and change their financial future, for the better. However, before you can trade in the stock market, you must open a Demat and trading account. Contrary to popular belief, Demat and trading accounts are not the same. A Demat account merely holds your financial assets. Whereas a trading account facilitates buying and selling of the stored assets. As per the rules laid down by SEBI, Demat accounts can only be opened through a registered and authorised Depository Participant (broker).
Why should you open a Demat account with m.Stock?
m.Stock is a one-stop investing and trading platform offered by Mirae Asset, a globally renowned financial group with over US $600 Billion in assets under management. With a global lineage across 25+ countries, m.Stock provides unparalleled technology, which allows you to trade faster and make the right decision. But the best part of investing and trading with m.Stock is its unbelievable pricing. With free demat account opening you can invest and trade at Zero brokerage on equity delivery, mutual funds and IPOs. Additionally, the annual maintenance charges on an m.Stock is zero.
Read Also: Demat Account Charges
Benefits of opening a Demat Account with m.Stock
Unmatched pricing with Zero brokerage equity delivery, mutual funds and IPOs.
Intuitive, fast and simple user interface
Advanced technical and fundamental tools and data for better decision making
Benefit from global lineage of 25+ years
Option to invest and trade in multiple products from the same platform, such as stocks, mutual funds, F&O, ETFs, currency, commodities, and so on
Multi-channel availability with multi-screen login.
Best-in-class features and services like Pay Later (MTF), GTT orders, IPO, live news, pre-created index baskets, etc.
Dedicated customer support to resolve your queries
So, enjoy the power of m.Stock and open your Demat account today.
How to open Demat account with m.Stock
Opening a Demat and trading account with m.Stock is very easy, convenient, and quick. In fact, the entire account opening journey can be accomplished in a matter of a few minutes by following the below steps:
Enter your mobile number and verify with OTP.
Enter your email ID and verify using OTP.
Provide your PAN card number and enter your date of birth.
Open free demat account which allows you to trade on delivery, IPO, Mutual Funds etc at zero brokerage.
Upload your selfie.
Upload or draw signature using stylus.
Link your bank account to your trading account.
Enter profile information (gender, occupation, nominee details).
Upload F&O proof like ITR, salary slip, bank statement and other documents.
Upload address details manually or via Digilocker.
Complete In-Person Verification.
Upload PAN.
Finalise the authorisation process with e-sign by authorising OTP received in Aadhaar-registered number.
That’s it. On successful verification, you will receive your Demat account ID and password within 24-48 working hours, using which you can trade on m.Stock trading app and web platforms.
Read Also: Step-by-step Process for Opening Demat Account Online
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FAQ
What types of Demat accounts can I open?
Typically, there are 3 types of Demat accounts that you can open based on the category you fall in.
Regular Demat Account - for resident Indian citizens using an Indian bank account.
Repatriable Demat Account - for NRIs who wish to trade in Indian stock exchanges but want to transfer the funds to an overseas account through a linked Non-Resident External (NRE) bank account.
Non-repatriable Demat Account - for NRIs who wish to trade in Indian stock exchanges but do not wish to transfer funds overseas. A Non-Resident Ordinary (NRO) bank account needs to be linked in this case.
What information is required to open a Demat account?
Opening a Demat account with m. Stock is quite simple and requires only the basic documentation such as:
Bank Details (IFSC code, Account number, Photo of a canceled cheque)
PAN card
Address proof (Aadhaar card, Ration card etc.)
Financial proof and income statements (In case of F&O activation)
Can I have more than one Demat account?
Yes, you can open multiple demat accounts and have them linked to your unique trading account. However, it is important to note that you can only open one demat account online with a single broker.
What is the m.Stock Demat account opening charge?
m.Stock gives you the unprecedented option to open a free demat account. Furthermore, there is also the opportunity to get rid of AMC costs. This free demat account allows you place equity delivery trades, buy IPO and MF at zero brokerage and trade at discounted rates of ₹ 5 per executed order for F&O, Intraday, Currency, etc.