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Demat Account Opening Services


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Open a trading and Demat account online and start investing With Money Magnet.

What is Demat Account?

Demat accounts are used for the dematerialisation of shares. It's primarily used for investing in shares and securities in an electronic form that's more accessible with a Demat account. Specifically, these accounts are meant to convert share certificates from physical to electronic format, thereby providing greater availability for account holders.

For the accessible and hassle-free process of opening a Demat account, you must have some essential documents. Here's a collected list of required document given below
  • ● Proof of identity with a photo, such as your Aadhaar card, PAN card, Voter ID card, driving license, etc.
  • ● Provide substantiation of your residence, similar as registered parcel agreements, motorist's licenses, passports, landline telephone bills, electricity bills, apartment conservation bills (if applicable), dupe insurance, gas bills,etc.
  • ● Your bank's passbook or account statement will serve as your evidence of bank account (must be no further than three months old).
  • ● Payslips or taxes ( obligatory for the currency and derivations member). This is your evidence of income.
  • ● Choose Trading Account Platform
  • ● Fill up your all information in the form
  • ● Upload your photo & documents and e-sign your application via Aadhaar OTP

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Money Magnet is to democratize digital payment solutions, ensuring accessibility and viability for all. Our suite of products and services is designed to streamline both B2B and B2C transactions, prioritizing safety and efficiency above all else.

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