What are the documents required for trading?

Proof of Income(POI): Trading in the F&O segments requires you to submit documents to verify your income….

• Passport.
• Unique Identification Number (UID) i.e. Aadhaar Card Number.
• Voter ID card.
• Ration card.
• State issued driving license.
• Bank account statement or bank passbook.
• Utility bills. Eg. electricity bill or gas bill.

How can I get demat and trading account?

Account Opening Process: Demat And Trading Account

1. Step 1: Contact any Depository Participant (DP), who is an agent of the depository.
2. Step 2: Fill the account opening form.
3. Step 3: Now you will have to sign an agreement.
4. Step 4: Congratulations!

What is mandatory for demat account?

A broker is needed for opening a demat account. Documents like Aadhar, PAN details and address proof etc are also required. Once the Demat account is opened, make sure to get Demat Account number, DP ID and POA number. Demat Account number is known as ‘beneficiary ID’.

Is bank account necessary for Demat account?

Bank, income details: You will have to part with your Bank Account Number and IFSC code for opening a Demat account. However, there is no cause for worry as the info is safe with the broker. You will also have to furnish your income details.

Is Aadhaar mandatory for Demat account?

One such mandatory document is the Aadhaar card. In fact, it is one of the two required documents needed to open your Demat account, the other one being your PAN card.

Is ITR necessary for Demat account?

As per Income Tax guidelines, it is mandatory to disclose following details of bank accounts while filing Income Tax Return. It is not mandatory to disclose demat account number while filing Income Tax Return.

Can a student open a Demat account?

Yes, a student may open a demat account. Students above 18 years of age, may open both demat and trading accounts. However, like all stock market traders, they need to have a valid PAN card to be eligible for trading.