Did you know that India’s total number of demat accounts reached an impressive 175.4 million as of September 2024? A demat account, short for “dematerialised account,” is crucial for seamless trading and investment in the stock market. It safely holds your shares, securities, and mutual funds electronically to make trading and investing hassle-free.
The RISE app by Motilal Oswal takes this convenience even further by simplifying the process of opening a demat account. Find out the step-by-step details below!
Open a demat account on the RISE app in 4 easy steps
Step 1: Register with your mobile number
Open the app and tap on “Open Demat Account.” After that, enter your full name and mobile number to start the registration process.
Step 2: Verify OTP
Enter the One-Time Password (OTP) in the app to verify your identity. If you do not receive the OTP within a few minutes, check for network issues or request the OTP again.
Step 3: Upload documents
Next, you will need to upload your Aadhaar card and PAN card to comply with the mandatory Know Your Customer (KYC) regulations.
Step 4: E-sign with Aadhaar
The final step in the demat account opening process is the e-signature, which you can quickly complete using your Aadhaar. Post verification, your account will be activated instantly. You will obtain your demat account number and client ID to start trading in stocks without delay.
Benefits of opening a demat account
Opening a demat account with RISE offers several advantages for investors, including:
Invest in multiple asset classes
With the RISE app, you get access to 10 different asset classes in one platform. These include equities, mutual funds, Futures and Options (F&O), US stocks, fixed-income products, and insurance. This helps you diversify your investments without switching platforms.
Fast and reliable trading with advanced features
This is one of the best trading apps because it offers advanced tools such as:
- Dedicated F&O page for derivatives trading
- Advanced option chain to analyse options with data like Open Interest (OI) change and Greeks
- Dynamic charts with tradingview integration for in-depth technical analysis
- 4x margin with Margin Trading Facility (MTF) for trading on leverage
These features enhance trading efficiency and help you grab market opportunities quickly.
Expert-curated investment portfolios
RISE offers Intelligent Advisory Portfolios (IAP) and smallcase solutions. These ready-made baskets focus on popular themes and sectors, curated by market experts. It saves you time while offering well-researched options for long-term growth.
Quick access to IPOs and NFOs
When you open a demat account online on the RISE app, you can:
- Use the ‘Pre-Apply’ option to skip queues and secure shares in trending Initial Public Offerings (IPOs) before public opening.
- Invest in New Fund Offers (NFOs) with expert-backed analysis and advice and seize emerging mutual fund opportunities.
Learning support and 24/7 customer assistance
You can learn about the stock market with beginner-friendly videos and resources through EDUMO (RISE’s educational portal). Moreover, the app provides:
- Round-the-clock customer support via chatbots, email, and ticketing systems
- A huge collection of FAQs, user guides, and articles to resolve queries instantly
With such tools and support, you can invest in mutual funds and explore stocks or other alternatives more confidently.
Key takeaways
As you can see, setting up a demat account on RISE is as simple as it gets. With just your mobile number, Aadhaar, and PAN, you can complete the entire process in minutes. The app’s user-friendly interface offers you a hassle-free experience, allowing you to trade or invest in no time.
Whether you are trading stocks, exploring mutual funds, or diversifying into other financial instruments, the RISE app offers you the crucial tools and insights needed to make informed decisions. So, don’t wait any longer and open a demat account online on the RISE app today!