Choose a Depository Participant (DP):
A DP is an organization registered with the Central Depository Services Ltd (CDSL) or National Securities Depository Ltd (NSDL).
Examples include brokers like Zerodha, ICICI Direct, HDFC Securities, etc.
Fill out the Application Form:
You can typically apply online or in person.
You’ll need to provide details like your PAN card, Aadhaar card, bank account details, and proof of identity and address.
In-person Verification (IPV):
Some DPs require an in-person verification (via video call or physical meeting) to confirm your identity.
Sign the Agreement:
After verification, you’ll sign an agreement with the DP that outlines the terms and conditions of the account.
Complete KYC Process:
Know Your Customer (KYC) is a mandatory process to prevent financial fraud.
Account Activation:
Once your documents are verified, your Demat account will be activated