How to Open a Demat Account Online

A Demat account is an account that holds your shares and securities in an electronic format. It is very convenient to use a Demat account as it eliminates the need for paper certificates and makes buying and selling shares very easy. If you are looking to open a Demat account, this blog post will guide you through the process of how to open demat account online.

What is a Demat account?

A Demat account is an account that holds your securities in electronic form. It is similar to a bank account, where you can hold your money. A Demat account is linked to your trading account and allows you to buy and sell shares electronically.

There are many benefits of having a Demat account. Some of these benefits include:

– Reduced paperwork: Since all your securities are held electronically, there is no need for physical paperwork. This reduces the hassle and makes it more convenient for investors.

– Quick and easy transactions: All transactions happen online, which means they are quick and easy to execute.

– Safe and secure: Your securities are stored in a Demat account, which is much safer than keeping them in physical form (e.g. in a locker). In case of theft or natural disasters, your securities will still be safe in your Demat account.

– Lower costs: There are no stamp duty charges on buying or selling shares through a Demat account, which can save you money on transactions.

How to open a Demat account online.

An Indian resident who is above the age of 18 and has a PAN card is eligible to open a Demat account.

What are the documents required to open a Demat account online?

The following documents are required to open a Demat account online:

-Aadhaar Card

-PAN Card

-Bank Statement or Passbook showing proof of address

-Cancelled cheque leaf or bank statement with pre-printed name and account number

How to open a Demat account with Upstox.

Upstox is another popular online stockbroker that offers Demat and trading services at low charges. To open a Demat account with Upstox, follow these steps:

-Visit the Upstox website and click on the ‘Open an account tab.

-Fill in your personal details and PAN number.

-Choose the type of account you want to open – individual or joint.

-Enter your bank details and upload the required documents.

-Once your application is processed, you will receive an email with your login credentials.

Section Comparison Table.

Demat account charges

Opening a Demat account is free of charge. However, there are annual maintenance charges (AMC) that are levied by the depositories.

Upstox charges Rs 400 as AMC while 5Paisa charges Rs 500 per annum.

In addition to the AMC, there are also other charges such as transaction charges, custody charges, and so on.

Custody charges are levied by the depositories for holding your shares in the Demat account. Currently, Which is the best Demat account?


Upstox is a good choice for those who are looking for a low-cost Demat account with no minimum balance requirements. It offers free account opening and zero brokerage charges on equity delivery trades. Upstox also has a large selection of mutual funds and ETFs, making it a good choice for investors who want to invest in these instruments.


A Demat account is an essential investment tool for anyone looking to invest in the Indian stock market. It offers a convenient and safe way to hold your securities and provides numerous benefits such as easy transfers, quick settlements, and reduced paperwork on how to start trading.

Opening a Demat account online is a simple and straightforward process. You can open an account with Upstox, and all you need are some basic personal details and documents. Charges for maintaining a Demat account vary depending on the broker you choose, but Upstox offers competitive rates.

So, which is the best Demat account? Upstox? All three brokers offer great features and charges, so it really depends on your individual needs and preferences. Whichever broker you choose, you can be sure that you’re getting a good deal.