Know the details about the Documents Required To Open A Demat Account In Angel Broking List, List of Document Needed to Open Demat Account Angel Broking

Documents Required to Open a Demat Account in Angel Broking: A Comprehensive Guide

Opening a demat account with Angel Broking is a straightforward process. However, it requires certain documents that you must provide for verification purposes. Here’s everything you need to know about the documents required to open a demat account in Angel Broking.

Documents Required To Open A Demat Account In Angel Broking List

The List of Documents

1. Proof of Identity (POI): This could be your Aadhaar card, PAN card, driving license, or passport.
2. Proof of Address (POA): Any official document such as your Aadhaar card, passport, or utility bill that displays your address can be used.
3. Proof of Income: This is usually required for trading in derivatives segments like futures and options, currency, or commodities. You can submit your salary slip, ITR (Income Tax Return) acknowledgement, 6-month bank statement, or Form-16.
4. Bank Proof: A cancelled cheque or bank statement that shows your account number and IFSC code.
5. PAN Card: Mandatory for any financial transactions and for opening a demat account.
6. Photographs: You also need to provide 1-3 passport-sized photographs.

Documents Required To Open A Demat Account In Upstox List

Step-by-Step Procedure to Open a Demat Account in Angel Broking

1. Visit the Angel Broking website: Start by visiting the official website of Angel Broking or download their app.
2. Fill out the application form: Fill up the online application form with your personal details.
3. Upload the necessary documents: Scan and upload all the necessary documents mentioned above.
4. In-person verification: Once your application and documents are submitted, an in-person verification will be scheduled where a representative from Angel Broking will verify the details provided.
5. Account Activation: After successful verification, your demat account will be activated, and you will receive your account details.

Points to Note

• Ensure that all the documents are valid and up-to-date. Expired documents won’t be accepted.
• The name on all documents should match the name provided in the application form.
• If the address on your POA document is different from your current address, provide a document that verifies your current address.

Things to Know

• The process of opening a demat account with Angel Broking is 100% paperless.
• Angel Broking may charge account opening fees. Check their website or contact their customer service for detailed information.
• You can also nominate someone when opening your demat account. In such a case, you need to provide the nominee’s details and their relationship with you.

FAQs

Q: Can I open a demat account without a PAN card? A: No, a PAN card is mandatory to open a demat account in India.

Q: How long does it take to open a demat account with Angel Broking? A: Once all required documents are submitted, the account is usually activated within 48 hours.

Q: What if I don’t have proof of income? A: Proof of income is generally not required for equity trading. However, it’s required if you wish to trade in derivatives.

In conclusion, opening a demat account with Angel Broking is a simple process, provided you have all the necessary documents ready. It’s a gateway to the world of investments, enabling you to buy and sell shares, mutual funds, and other financial instruments with ease. Happy investing!