Read on to know the criteria and documents required to open a Demat account.
Eligibility criteria and documents required
Anyone can open a Demat account with Bajaj Financial Securities Limited if they meet the basic criteria mentioned below. You will need four documents and a photograph handy while opening the account.
Eligibility criteria
- Nationality: Indian
- Age: 18+ years
- Must have an active bank account
Documents required
- PAN card
- Proof of address (Aadhar card, driving license, passport)
- Photograph
- Signature on white paper
- Income proof, for activation of futures and options segment
Frequently asked questions
Is there an option to open a joint Demat account?
Yes, it is possible to open a joint Demat account. The account holders have to provide the necessary KYC documents (PAN card, address proof, and bank proof).
Do I need to pay any fees for my Demat account?
An annual maintenance charge is payable to the Depository Participant (DP) for Demat account.
What are the types of Demat accounts that you can open?
You can register for a Demat account as an individual or a business or in collaboration with another individual. Given below are the different types of Demat accounts that you can open:
- Single holder Demat account
- HUF Demat account
- Joint holder Demat account
- Corporate Demat account
What are the per order brokerage charges with the BFSL Demat account?
The brokerage charges for BFSL Demat account starts at as low as Rs. 5 per order.
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Disclaimer:
Free Account opening is through the Freedom subscription pack, where the yearly subscription charge in the 1st year is nil and 2nd year onwards it is Rs.431 (inclusive of GST).
BFSL is only distributor of Bonds & Sovereign Gold Bonds (SGB). These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.
Investments in securities market are subject to market risk, read all the related documents carefully before investing. As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in rights and obligations statement issued by the TM. Visit our website: https://www.bajajfinservsecurities.in/ Disclaimer: https://bit.ly/3LfJavu
