Your shares are in digital form in the New Demat account. It is used after you have bought shares. A Trading Account has a job of its own. It allows you to place orders to buy and sell. Both can be tied to your bank. This puts all the basic trade flow in one place.

A lot of the setup can be done online now. Digital KYC permitted by SEBI for such accounts. The steps can include a video check and e-sign, web forms and file checks.

Things to Have On Hand

Keep PAN, Aadhaar or other valid proof, bank details and clear sign ready They might also want a recent picture. If you want to trade in F&O, keep income proof ready too. The handy files can assist you to cruise thru each step without having to take a break.

How to open a new Demat account online?

1. Choose a Registered Broker
Step 1: Open a demat and trading account with a stockbroker or Depository Participant (DP). A DP opens a demat account, says CDSL. Verify the broker’s SEBI credentials. Read the fees, terms and product list.

2. Review Your Phone & Email
Enter a valid phone number and email address. You may receive an OTP on each. These are also used for alerts, notes of key accounts.

3. KYC and PAN Complete
PAN is included in the KYC check. Aadhaar or any other valid proof can also be used. Some of the web flows are based on DigiLocker or Aadhaar verifications. Save all files under the same name and other data.

4. Connect Your Bank
Add your bank account number and IFSC code. You might need bank proof. A bank statement, pass book or cancelled cheque may be used. The linked bank is only used if money is coming in or out of the trading setup.

5. Enter Your Personal Data
Put in your name, dob, address, kind of work, income range. CDSL has provided the key KYC fields including name, PAN, address, phone, email and income range. Read each entry closely.

6. Add a Nominee
The form may require a nominee. Read this part before you decide. If you add one, use the name and data on valid proof.

7. Upload the Files
You may be asked to give a sign, photo, bank proof or other files. When you trade in F&O, you will be asked for proof of income. Clear scans or photographs.

8. Complete the Online Check
The KYC step may use a selfie or video check. SEBI rules also provide for online checks to be substituted for a visit when the given terms are met. When you are done, check the form.

9. Sign and e-File the Form
Read the fee sheet, terms, rights and consent notes. Then e-sign the form. The broker will verify the data. After the checks are done, the account can go live.


How a Trading Account Helps

Market Orders are placed using a Trading Account. A demat account is a place to hold shares. Say you buy 10 shares. The order is passed thru the Trading Account. Once the trade is settled, the shares are transferred to the demat account.

This link keeps orders, funds, and shares in one configuration. But, read all charges and terms before you begin.

Prior to Submission

Please reconfirm your Name, PAN, Bank details, Phone and Email. Review the fee sheet. Small data errors could delay checks or lead to a request for a new file.

Bajaj Broking & Online Account Opening

Bajaj Broking has an online process for opening a New Demat Account and Trading Account. Checks for phone and email, PAN and Aadhaar, bank data, sign upload, selfie check and Aadhaar OTP e-sign on its site. It also mentions that one login can be used for both accounts.

If you are looking to open both accounts thru a web-led flow, you may consider Bajaj Broking. You can check out its existing plans, fees, terms and market access before you apply.

Conclusion

Opening a New Demat Account is a straightforward online process. Choose a registered broker. Do complete KYC. Connect your bank. If you wish you can add a nominee. Upload files. Complete the check and sign the form electronically.

The Trading Account is for orders. These shares are kept in demat account. Verify all data before you submit the form. This can reduce risk of errors during the setup phase. Save your final account statement for your records.

Sources

• SEBI Investor – KYC and Account Opening in Securities Market
  https://investor.sebi.gov.in/pdf/reference-material/ppt/PPT-2%20KYC%20Procedure%20%28Opening%20of%20Trading%20and%20Demat%20Account%29.pdf
• CDSL – How to Open Your Demat Account
  https://www.cdslindia.com/Investors/open-demat.html
• Bajaj Broking – Open Demat Account Online
  https://www.bajajbroking.in/open-demat-account
• Bajaj Broking – Open Trading Account Online
  https://www.bajajbroking.in/trading-account