Table of content

Benefits of Demat Account Opening with m.Stock

Table of content

Benefits Of Opening Demat Account With m.Stock

What is a Demat Account and why do you need it?

Millions of Indians have turned to the stock market to participate in its buzz, excitement and change their financial future, for the better. However, before you can trade in the stock market, you must open a Demat and trading account. Contrary to popular belief, Demat and trading accounts are not the same. A Demat account merely holds your financial assets. Whereas a trading account actually facilitates buying and selling of the stored assets. As per the rules laid down by SEBI, Demat accounts can only be opened through a registered and authorised Depository Participant (broker).

Why should you open a Demat account with m.Stock?

m.Stock is a one-stop investing and trading platform offered by Mirae Asset, a globally renowned financial group with over US $600 Billion in assets under management. With a global lineage across 25+ countries, m.Stock provides unparalleled technology, which allows you to trade faster and make the right decision. But the best part of investing/trading with m.Stock is its unbelievable pricing. With a one-time fee of Rs 999, you can trade for free across products for life. You can also opt to make your annual maintenance charge free for life, by paying an additional Rs. 999.

Benefits of opening a Demat Account with m.Stock

  • Unmatched pricing with zero brokerage across products for life
  • Intuitive, fast and simple user interface
  • Advanced technical and fundamental tools and data for better decision making
  • Benefit from global lineage of 25+ years
  • Option to invest and trade in multiple products from the same platform, such as stocks, mutual funds, F&O, ETFs, currency, commodities, etc.
  • Multi-channel availability with multi-screen login.
  • Best-in-class features and services like margin trading facility, GTT orders, IPO, live news, pre-created index baskets, etc.
  • Dedicated customer support to resolve your queries

So, enjoy the power of m.Stock and open your Demat account today.

How to open Demat account with m.Stock

Opening a Demat and trading account with m.Stock is very easy, convenient, and quick. In fact, the entire account opening journey can be accomplished in a matter of a few minutes by following the below steps:

  • Enter your mobile number and verify with OTP
  • Enter your email ID and verify using OTP
  • Provide your PAN card number and enter your date of birth.
  • Pay the account opening fee of ₹999 in case you are opening the lifetime Zero Brokerage account or you can also opt for the Free Delivery Account at zero account opening cost.
  • Upload your selfie
  • Upload or draw signature using stylus
  • Link your bank account to your trading account
  • Enter profile information (gender, occupation, nominee details etc.)
  • Upload F&O proof like ITR, salary slip, bank statement etc.
  • Upload address details manually or via Digilocker
  • Complete In-Person Verification
  • Upload PAN Card
  • Finalise the authorisation process with e-sign using Aadhaar OTP

That’s it. On successful verification, you will receive your Demat account ID and password within 24-48 working hours, using which you can trade on m.Stock trading app and web platforms.

Frequently Asked Questions

Typically, there are 3 types of Demat accounts that you can open based on the category you fall in.

  1. Regular Demat Account - for resident Indian citizens using an Indian bank account.
  2. Repatriable Demat Account - for NRIs who wish to trade in Indian stock exchanges but want to transfer the funds to an overseas account through a linked Non-Resident External (NRE) bank account.
  3. Non-repatriable Demat Account - for NRIs who wish to trade in Indian stock exchanges but do not wish to transfer funds overseas. A Non-Resident Ordinary (NRO) bank account needs to be linked in this case.

Opening a Demat account with m. Stock is quite simple and requires only the basic documentation such as:

  • Bank Details (IFSC code, Account number, Photo of a canceled cheque)
  • PAN card
  • Address proof (Aadhaar card, Ration card etc.)
  • Financial proof and income statements (In case of F&O activation)

Yes, you can open multiple demat accounts and have them linked to your unique trading account. However, it is important to note that you can only open one demat account online with a single broker.

m.Stock gives you the unprecedented option to open a Zero Brokerage account for life, at a one-time demat account charge of ₹999 only. Furthermore, there is also the opportunity to get rid of AMC costs, for life, by opting to pay another one-time fee of ₹999 only. Alternatively, you can open a Free Delivery demat account at zero cost, which allows you place equity delivery trades, buy IPO and MF at zero brokerage and trade at discounted rates of ₹20 per executed order for F&O, Intraday, Currency, and Commodity etc.

More Related Articles

Opening NRI Demat Account

04 June,2024

NRI Demat Account Opening Process

Starting your investment journey in the Indian stock market as a Non-Resident Indian (NRI) opens up an array of possibilities. Before investing in stocks, funds, and bonds, it is essential to understand the first step: creating an NRI Demat Account. This account serves as your digital entrance for securely storing and managing your varied assets. In this article, we'll walk you through the steps on how to open an NRI Demat account, ensuring you know how to manage different aspects of the Indian stock market. Currently, m.Stock account opening is not available for NRI & Non-Individual accounts.

Benefits of Corporate Demat Account

04 June,2024

Corporate Demat Account - Features, Benefits, and Eligibility

A Corporate Demat Account provides a foundation for firms dealing with the complexities and opportunities of the stock market. It offers a secure and efficient system for trading and investment activities, opening up a range of opportunities for business organisations. This article is a detailed guide designed specifically for Indian businesses, explaining what a Corporate Demat Account is, its features, benefits, eligibility requirements, and required documentation.

Demat Account for NRI

04 June,2024

What Happens to Your Demat Account When You Become an NRI?

Transitioning from a resident Indian to a Non-Resident Indian (NRI) involves several financial changes, with your demat account being a key factor to consider. Understanding the impact of this transformation on your investments is important to successfully continue your financial journey. In this guide, we will shed light on what happens to your demat account when you become an NRI, focusing on key aspects such as the different types of demat accounts available, regulatory requirements, and practical implications.

View All

Open your Lifetime Free Brokerage Account

  • +91
    Have a partner code?
    T&C and privacy policy

Power your investments with our smart trading platforms

mobilefooterimg
  • app_download_icon_img
    10 million+
    App downloads
  • 1_Click_icon_img
    1-Click
    Order Placement
  • higherreturns_icon_img
    2,203 Crore+
    Average Daily Turnover
Download App
App_Download_QRCode