Calculate your SIP ReturnsExplore

Joint Demat Account Opening Made Quick and Easy – Now Do It Online!

24 June 20244 mins read by Angel One
Joint Demat Account Opening Made Quick and Easy – Now Do It Online!
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

For those who like investing together, here is some amazing news. The way you open joint demat accounts has been completely changed. It’s now all online! Now you can set it up in just a few minutes.

Joint Demat Account Opening

We have recently enabled customers to have multiple holders for a single demat account against one trading account. Each joint demat account allows for 3-account holders – one primary holder and two secondary holders. With this modification, several investors can collectively hold and manage one demat account.

Making Joint Demat Accounts a Breeze: Key Features and How It Works

We’ve given a new touch to how joint demat accounts are opened making it the fastest and simplest ever! Here’s how this new online process simplifies things for you:

Smoother KYC (Know Your Customer) Verification:

  • Primary Account Holder: Only the primary account holder must submit his/her bank details as well as FNO proofs.
  • All Account Holders: We’ve integrated with DigiLocker and E-Sign for a secure and hassle-free verification process. No more piles of paperwork!

Let’s talk about a few important things to note

Strictly age-bound: Anyone less than 18 with an urge to learn, must get to reading instead of trading. Minors cannot be joint account holders, ensuring compliance with all regulations.

Website Only: This feature is available on the “Angel One” Web Platform only. 

Taxation Made Simple: Taxation for the joint account will be handled solely by the primary account holder.

Step-by-Step Online Process:

Now that you know what a joint demat account is and why you should get started with one, it’s time for you to get on board with the process. Here’s all you have to do:

  • Mobile & OTP Verification: Everyone involved needs a mobile number linked to their Aadhaar card for verification.
  • PAN and Aadhaar Steps: Forget hunting for documents! We use DigiLocker/Digio for easy submission of PAN and Aadhaar details.
  • Selfie and Signature Verification: A quick selfie and a signature confirmation ensure everyone’s identity is verified.
  • E-Sign Step: A mandatory step for everyone to ensure a secure and authenticated process.

Get Started Today

We are committed to providing a seamless and efficient experience for all our users. The new joint demat account opening process is designed to be user-friendly, secure, and fully compliant with regulatory standards. Start your journey today by visiting our dedicated joint account opening portal.

Disclaimer: This blog has been written exclusively for educational purposes.

Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link
Open Free Demat Account!
Enjoy Zero Brokerage on Stock Investments.