Why Open Demat Account with TradeSmart?

Faster Transaction made cheaper

Save up to 90% on brokerage, with two low cost brokerage plans to suit your trading needs.

Quick Paperless Account opening

Open paperless demat and trading account in less than 24 hours.

Excellent support

Dedicated support team to answer all your queries via phone, chat, and email

Tech Driven

Enjoy TradeSmart's cutting edge, fast and stable trading across devices.

How To Open Demat Account with TradeSmart?

Step 1

Verify your mobile number and a few personal details.

Step 2

Submit your documents.

Step 3

Welcome to TradeSmart 100% paperless. That's it!

Documents Required to Open Demat Account

  • ID Proof: Pan Card

  • Address Proof: Aadhar Card/ Passport/ Voter ID/ Driving License

  • Bank Details: Bank Statements/ Cheque/ Passbook

  • Signature Proof: Signature on blank white paper.

Brokerage plans to suits you

Choose between the 2 plans that matches your requirements and investment objectives. Start your journey into the world of trading with a plan that suits you

Power

Ideal for large bigger trade size

Rs.15 Brokerage

  • Brokerage: Rs. 15 per executed order, regardless of the trade size or segment
  • Get intraday exposure of upto 5x on Equities, 1x on F&O, Currency and Commodities.
  • Get Margin against shares
  • No minimum commitment

Value

Ideal for smaller trade size

0.007% Brokerage

  • Brokerage: Intraday Cash, Futures, Currency, Commodities » 0.007%, Delivery » 0.07%, Options » Rs 7 per lot
  • Get intraday exposure of upto 5x on Equities, 1x on F&O, Currency and Commodities.
  • Get Margin against shares
  • No minimum commitment

Open FREE* Demat Account

Our Services to Trade by Opening Demat Account

It is one account with multiple benefits. Investors can invest in a variety of asset classes through TradeSmart Demat.

IPO

Begin your stock trading journey by investing IPOs at lowest brokerage rates with TradeSmart. Enjoy the Pre-IPO features and apply into your desired IPO in advance. Trade over UPI-enabled BOX platform and enjoy easier and faster transactions.

Commodity

Invest in commodities with TradeSmart and diversify your portfolio with TradeSmart, through MCX exchanges only.

Currency

Begin currency trading, of your choice, with TradeSmart and get waived off with Security Transaction tax. Currencies are considered as class assets that helps in diversifying your portfolio.

Futures & Options

With TradeSmart, you can invest into Futures & Options and get TradingView and ChartsIQ chart libraries for free. With over 200+ charts to analyze, you get to minimize the risk of unfavorable market fluctuations thereby maintaining high liquidity.

Mutual Funds

Apply for fast, easy and safe online Mutual funds with TradeSmart. Use “Shortlist and Compare” feature that helps you filter the right MF scheme amongst the top ones, and check your portfolio, track returns, view order history, daily NAV on the same platform.

Equity

TradeSmart offers both low and high volume trading brokerage plans, for investing into equity. It enhances clarity, on the basis of your capital available for investment and making the right choice while investing.

Trade on the move!

On the move ? No problem, our mobile platform is there to help you make those trades

Our customers love trading via TradeSmart. Every single day.

What is a Demat Account?

A Demat account is basically a locker for all your digital assets. From shares, bonds, securities, mutual funds to exchange-traded funds (ETF), a Demat account secures your financial assets in electronic form.

Short form of 'dematerialisation', what this means is you no longer have to save hard copies or challans. Dematerialisation is a process that converts the physical proof of your investments to online, safely and reliably.

Put simply, just as your bank account saves and makes transactions with your money, an online demat account allows you to trade stocks, invest in financial assets and for keeping these securities on a digital platform.


Aims and Objectives of Opening a Demat Account

Without a Demat account, the physical share trading required 14 days to complete a settlement cycle. Let’s say you want to open a Demat account, how do you go about it? Now you can apply for demat accounts online and make settlements in just two days!

Not only does the shift from physical to digital accounting reduce the settlement time, it helps to prevent theft or forgery, loss or duplication of certificates. Well, time is money, but our goal is to save both your time and money.

On opening a demat account, we can now offer you the convenience of trading from anywhere. This means you can easily invest through your own stock market demat account using just your fingertips!


The Need - Why to Open Demat Account?

While the majority of Indians have a bank account in some form or another, most are unaware of the benefits of having a Demat Account.

According to SEBI data, there were 38.4 million Demat accounts in India as of 2018. When you consider that over 80% of the Indian population has a savings or current account, it's easy to see how Demat accounts fall short.

One of the most important advantages of a Demat account is that it makes trading easier. In reality, opening a Demat Account is the initial step toward stock trading. Even if they have a strong desire to invest in stocks and bonds, many people are unaware of the accounts required to begin stock trading.


How to Use a Demat Account?

One of the most important uses of having a Demat account is having access to relevant information, such as checking live share market updates and analyzing your various assets. It also guarantees that you are kept informed about your assets by providing share market news.

The DP will send out notifications on a regular basis about dividend declarations, earnings, mergers, buybacks, and other important information. To aid in making educated investing selections, you may receive analyst reports based on business performance, financial predictions, and historical data. You can keep track of your portfolio's performance across various investment products.

This gives you the flexibility to adjust your risk profile and return expectations as needed. You may also configure alerts and automated buy and sell orders that will be executed when the stocks hit predetermined prices.


What things should you remember before opening a Demat account?

It is necessary to have a demat account in order to trade on the stock market. With a registered Depository Participant, you must open a demat account. Because there are so many registered depository participants, it's critical to pick the proper one.

Opening a demat account as an investor might present you with a number of advantages. Here are a few things you should know before opening a demat account to assist you make an informed decision.

  • Broker types: Broking firms are divided into two categories. Discount brokerages and full-service brokerages are examples of this. A discount broker executes stock and derivatives transactions according to the investor's instructions. A full-service broker provides services in addition to those provided by a discount broker, such as mutual fund investment, insurance, and initial public offerings (IPOs). Large broking organizations with a strong online and offline presence are known as full-service brokers.

  • Fees: There are fees associated with opening a demat account. Annual maintenance fees, transaction costs, conversion fees, and other fees are among them. Charges differ from one DP to the next. Before creating an account with a registered DP, it's critical to check into these fees.

  • Instant Information: A demat account provides real-time stock market information and current events. You'll also get expert and analytical comments on stock suggestions. Such information is crucial when it comes to purchasing and selling shares at the proper time.

  • Nomination: When opening a demat account, you may want to designate a nominee. This is to ensure that, in the event of your death, all of your assets are transferred to a nominee of your choosing.

  • Software and technology: Examining the trading software of your prospective depository participant is another important element to consider before obtaining a demat account. User-friendly software helps ensure that transactions are completed quickly and smoothly. Select a broker that provides the most up-to-date, yet simple-to-understand user interface for simple investments.


Types Of Demat Account

Essentially, traders may choose from three main sorts of Demat accounts. Trading is available to both Indian residents and non-resident Indians using the demat accounts listed below. Make sure you choose the right form of Demat account for you, based on your location and other factors, since each of these Demat account types serves a particular purpose. When you choose the correct demat account for yourself, your market involvement will be much more relevant. They are:

  1. Regular demat account
  2. Repatriable demat account
  3. Non-repatriable demat account

It is necessary to comprehend the various types of demat accounts and why they are categorized as such. This might lead to greater meaningful engagement in the stock market. It will be easy to pick the sort of demat account that is most suited for you after you have learned the essentials.

1. Regular Demat Account

For investors based in India, a regular demat account is required. The account is perfect for those who only trade in stocks. The shares that are purchased are kept in a digital format in the account. Another advantage of a regular demat account is the ability to swap financial institutions without incurring extra fees. A regular demat account removes several fees associated with physical shares, making it more cost-effective. You may access your regular demat account information at any moment, without any fuss. When compared to real shares, a regular demat account is significantly safer since it removes the possibility of counterfeiting.

2. Repatriable Demat Account

Non-resident Indians may open this form of demat account. It enables the movement of wealth from one country to another. Such demat accounts, however, need a Non-Resident External bank account. Any bank, brokerage, or depository participant may create a Repatriable Demat account for you.

You may establish a joint repatriable demat account in the same way as you would a regular demat account. NRI investments in India are regulated and managed by the Foreign Exchange Management Act, unlike those made by Indian citizens. NRIs must be able to establish trading accounts with financial companies that have been approved by the RBI.

In order to route the investment through other channels, NRI investors must have an NRO or NRE account to move their investment through PINS (Portfolio investment NRI Scheme) account, where they are allowed to buy and sell equities through the stock exchange of India.

3.Non-repatriable Demat Account

This is another form of demat account for NRIs. You cannot, however, transfer funds overseas. You must also have a demat account that is connected to an NRO bank account. According to RBI norms, an NRI may own up to 5% of a company's paid-up capital in India.

Even in this case, the NRI must either change his or her existing demat account to the NRO category or establish a new one. NRIs may invest in India under the Portfolio Investment Scheme (PINS). This plan allows non-resident Indians to buy and sell shares and mutual fund units.

  • The dividend amount and interest received are entirely repatriable under RBI standards, however, the principal is not.
  • In a given year, an NRI may transfer up to $1 million.
  • You may open a Non-Repatriable Demat account with any bank, brokerage, or depository.
  • An NRI must complete the Demat account opening form and submit it to the authorized office along with the required documents and account opening fees.

What are the documents required for opening all types of Demat Accounts?

Before opening the above mentioned various types of Demat account, one must have the following documents in priority:

  1. Identity Proof
  2. Address Proof
  3. Income Statement
  4. Bank Account (canceled cheque) Proof
  5. Copy of PAN Card
  6. Copy of Visa (for NRIs)
  7. FEMA declaration (for NRIs)

Simple Steps on How to Open a Demat Account with TradeSmart?

  • Step 1 – Fill the form

    Fill the lead form from TradeSmart to Open Demat Account.

  • Step 2 - Enter the PAN Card details & Date of Birth

    Submit your Permanent Account Number (PAN) card and date of birth details onto the screen and confirm it.

  • Step 3 - Enter your personal details

    Upon confirmation, enter your personal details as enquired, filling all the essential starred fields

  • Step 4 - Upload Signature

    Upon entering your personal details, you have to upload your signature in the next screen and confirm it

  • Step 5 - Upload your clicked selfie

    It's important to share your identity, hence click a selfie and share it in this section.

  • Step 6 - Enter your bank details

    Now this is the most important part of your Demat account opening process. You have to enter your bank details here, so that you will be able to facilitate the money out-and-in flow.

  • Step 7 - Complete email verification

    Upon entering bank details, it's necessary to add your email ID and get it verified - the most important reason behind this is to receive email alerts and get notified of every action that is being executed in your demat account

  • Step 8 - Opt for the right plan

    Now you can enter the right plan for yourself that will suit your trading behavior

  • Step 9 - Activate Derivatives

    You will be given an opportunity to activate derivatives trading where you get to trade in F&O, Currency and Commodities. Select your option and confirm

  • Step 10 - E-Signature

    Enter your E-signature with the help of OTP on your number which is linked to your Aadhar account. If your number is not linked with your Aadhar account, you can call at 022-61208000. Our team will connect back for the support

Upon confirming all of the stages, your application for opening a Demat account with TradeSmart is completed. Now, all of your entered details shall be verified and you shall receive your user ID and password to your registered mail ID.


How to Open a Repatriable Demat Account?

In order to fill a repatriable demat account, here are the following processes which needs to be done;

  • The concerned NRI investor must fill out the Demat account opening form first.
  • Collect the copies of all the necessary documents as mentioned above along with the following documents;
    1. Passport copy
    2. PAN card copy
    3. Visa copy
    4. Overseas address proof
    5. Passport size photograph
    6. FEMA declaration
    7. Canceled check leaf of NRE/NRO account
  • Upon completing the Demat account opening form, they must submit it to the authorized office along with the required documents and account opening fees.

Important Note: An Indian embassy or other competent body should self-attest and notarize the papers provided.


How to Open a Non-repatriable Demat Account?

In order to fill a repatriable demat account, here are the following processes which needs to be done;

  • The concerned NRI investor must fill out the Demat account opening form first and also have an NRO account as well.
  • Collect the copies of all the necessary documents as mentioned above along with the following documents:
    1. Passport copy
    2. PAN card copy
    3. Visa copy
    4. Overseas address proof
    5. Passport size photograph
    6. FEMA declaration
    7. Canceled check leaf of NRE/NRO account
  • Upon completing the Demat account opening form, they must submit it to the authorized office along with the required documents and account opening fees.

Important Note: An NRI can use their demat account through Portfolio Investment Scheme (PINS) as well. It works similarly to an NRE account. But, every NRI must have only one PINS account at a time and cannot maintain multiple lines.

Disclaimer: TSO does not avail or assist any NRI to open their repatriable and/or non-repatriable demat account, by any means. The above steps should be considered as a general information of how one can facilitate and not with respect to any connection with TradeSmart.


Benefits of Opening a Demat Account with TradeSmart

  • Save Up To 90% On Brokerage - Across a range of investments, trades can be made with Rs. 15 brokerage fee per executed order only, without any restrictions on minimum commitment.
  • Innovative and unique trading tools - Cover order, Bracket order & Trailing Stop Loss.
  • Trading, charting, and analysis - All rolled into one next generation desktop platform FoxTrader.
  • Instant fund transfers - Through UPI and Netbanking with more than 24 Banks.
  • Dedicated support team - To ensure the fastest turnaround time for your queries via email/phone.
  • Margin calculator - To help you segregate each and every type of margin required.
  • Margin against shares - Use your long term investments to fund your short term trades.
  • Intelligent mobile app - TradeSmart mobile app is designed keeping derivative traders in mind. It has advanced features Scanners, Strategies, Technical analysis, etc.

Why is TradeSmart better than other stockbroking platforms online?

It’s simple. We just offer the best brokerage plans for you to make the best out of your investment. With TradeSmart, opening a Demat account offers value-added benefits so you can start trading today.

Download the TradeSmart Online app from iOS and Google Play Store and make your moves anytime, anywhere.


Facilities Offered by TradeSmart's Online Demat Account

Invest in IPOs

Once you've opened your online demat account with TradeSmart, log in to our BOX app and you'll find a list of IPOs in the portfolio section. By sorting from active, recent or upcoming IPOs, you can choose to make a bid. Here, you have to enter your UPI ID, investment details and your shares will be allotted in a few simple and easy steps.

Invest in Direct Mutual Funds

Investors can also use the mobile-based online Mutual Fund investment platform, TradeSmart MF. With this, you can buy and redeem Mutual Funds at zero commission to get the most out of your investment.

Accessibility through multiple devices

A Demat Account can be accessed through a variety of media due to its electronic operation. On a computer, smartphone, or other mobile device, you can undertake investing, trading, monitoring, and other security-related operations utilizing TradeSmart's facility.

Freezing account when needed

TradeSmart Demat account holders can freeze their accounts for a set period of time, depending on their needs. This is done to prevent any unexpected debits or credits to the Demat Account. To use the freezing feature, the account holder must have a certain amount of securities in his or her account.

Read more...

Common questions

FAQs: Demat Account

  1. It is mandatory if you wish to invest in stocks.
  2. It takes away the risks associated with storage of physical documents – theft, damage, forgery, loss, etc.
  3. It makes the process of trading, holding stocks and monitoring faster, secure and more convenient.
  • The process is simple and hassle-free. You can even opt for the 100% paper-less opening process.
  • Open a trading and demat account in just one working day.
  • TradeSmart offers tech-enabled trading and demat account. Innovative and advanced trading tools to give you a rewarding and delightful trading experience.
  • Instant fund transfer.
  • Experience of over 25 years and successfully managing 50k happy customers.
  • Dedicated support team along with chat,email and call facility for quick redressalof all queries.

Yes. You can open multiple demat accounts with different brokers.

Yes. In a joint demat account, maximum three account holders are permitted (one primary and two joint holders).

The difference lies in their functionality. A demat account holds the stocks and securities in an electronic form. A trading account is the account which is used to place the buy and sell orders for stocks.

All Indian residents (with the required documentary proof) can open a demat account with TradeSmart.

FAQs: How to Open Demat Account

With TradeSmart, the Demat Account opening procedure is simple and hassle-free.

Online application

You can also opt for E-KYC in which along with the Aadhar Number, you only need to provide supporting documents for address and identity proof, PAN Card, cancelled cheque and 6-months bank statement. For EKYC, it's very important that your email id and the mobile number are linked with Aadhar

Offline for opening

  • Self-downloaded form You can download and take a printout of the account opening form from TradeSmart’s website.
  • Courier request If you are unable to access a printout, you can also request for the physical form through courier at some nominal charges

TradeSmart does not charge any fees for Demat account opening. You can open your Demat account for FREE, and start investing with TradeSmart!

  • Self-attested Copy of PAN Card.
  • Self-attested Copy of any of the following documents as Address Proof
  • Driving License
  • Passport

Read More...

If all your documents are proper as per the KYC norms, it normally takes 24 hours after receiving your account opening form Read More...

In case you are not able to provide the bank account statement, please provide the self-attested photocopy of the welcome letter received from the bank which mentions your account no. and Read More...

FAQs: Investment Options

Yes, you can get started with Intraday Trading on TradeSmart. To answer broadly, there is no limit as to how much you can invest. It entirely depends on your appetite for risk and budget.

To invest directly in equity, you need to open a stock market Demat account. For most investors, there are two main equity options to invest: Equity shares and equity mutual funds. While investing in equity, the aim should be to invest over a long period of time.

Yes, you can invest in commodities such as Gold, Silver, Aluminum etc. While the best way to invest in commodities is through the futures market, opening a Demat account allows you to do so through stocks and ETFs also.

Yes, you can invest in Derivatives with a Demat account online. TradeSmart offers investors a chance to manage risks and benefit from sharp movements in the prices of shares.

Yes, you can invest in ETFs with a Demat account. Now you can diversify your portfolio with expert-recommended investments across a variety of sectors and industries.

FAQs: Trading Tools

That's right, TradeSmart provides an automated trading feature upon opening a Demat account. This allows you to copy the trades or trading strategies of experienced traders. This also gives you an opportunity to trade with fewer risks and as a complete beginner.

Yes, TradeSmart provides a mobile app for trading. You can now open a Demat account and make investments effortlessly using our mobile-optimized platforms on iOS and Android.

Yes, you can avail the use of a brokerage calculator with TradeSmart. You can pay the lowest investment brokerage charges on opening a Demat account and use the calculator for options, futures and equity trading.

A Margin calculator will help you segregate various margins required like Span, Exposure, VaR, ELM and Net Premium etc., to help you know the amount of margin investment needed to build a portfolio.

FAQs: Customer Service

Yes, TradeSmart offers customer support service over the phone. TradeSmart helpline number: 022-61208000/42878000.

Yes, TradeSmart has a customer support chat option. You can visit our website for more details.

Yes, you can contact us via email.

New customers: contactus@vnsfin.com

Existing customers: support@vnsfin.com

General query: info@vnsfin.com

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Open Demat Account With TradeSmart
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