What is a Demat Account?

A Demat account or Dematerialized Account is a digital account that holds your shares and securities electronically. Just like a savings account holds your money, a demat account holds your stocks, ETFs, mutual funds, and bonds.

It is mandatory to have a demat account if you wish to trade or invest in the Indian stock market.

Why Do You Need a Demat Account?

• Buy and sell shares online

• Store securities safely in electronic format

• Avoid risks of theft or loss of physical certificates

• Participate in IPOs and mutual funds

Who Can Open a Demat Account?

Anyone above 18 years of age with valid PAN, Aadhaar, and a bank account can open a demat account. Even students and housewives can open one, provided they meet the KYC requirements.

Benefits of Opening a Free Demat Account

• No physical paperwork required

• Instant online account activation

• Zero brokerage offers available

• User-friendly mobile apps

• Safe and secure storage of investments

Step-by-Step Guide: How to Open a Free Demat Account with Upstox

Want to get started quickly? Use our referral link to open your demat account with Upstox: Click Here to Open Account

Step 1: Click the Link of Demat Account Opening

Visit the official Upstox demat account page using this link: https://upstox.com/open-demat-account/?f=nk9q

Step 2: Enter Mobile Number and OTP

• Enter your mobile number

• Verify using the OTP sent to your number

Step 3: Fill in Basic Details

• Name as per PAN

• Email ID

• Date of Birth

• Gender

Step 4: PAN & Aadhaar Details

• Enter PAN Card number

• Upload a clear photo of your PAN card

• Link Aadhaar via Digilocker

Step 5: Bank Account Details

• Enter account number and IFSC

• Upload a cancelled cheque or passbook

Step 6: Add Signature

• Sign on white paper and upload the image

Step 7: Live Selfie for KYC

• Click a selfie using your webcam or mobile camera

Step 8: eSign via Aadhaar

• Complete eSign process via Aadhaar OTP

Step 9: You’re Done!

• You will receive a confirmation email and login credentials shortly

Note: Most accounts are activated within 24-48 hours.

FAQs About Opening a Demat Account

Can a student open a demat account?

Yes! Students above 18 years with PAN and Aadhaar can open a demat account. Upstox is a great platform for first-time investors.

Is it safe to open a demat account online?

Yes. All SEBI-registered brokers like Upstox use bank-grade encryption and Aadhaar-based eKYC.

Is there any hidden charge for a free demat account?

Most brokers offer zero account opening charges, but some may charge an annual maintenance fee. Upstox has limited-time zero AMC offers.

Can I open multiple demat accounts?

Yes, but each must be with a different broker.

Is a trading account the same as a demat account?

No. A demat account holds securities, while a trading account is used to buy/sell them. You need both, and Upstox provides both together.