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How to Open Demat Account Online with RCSPL Broking

STEP 1

Fill the lead form
from RCSPL Broking
to Open Demat
Account

STEP 2

Enter OTP received
on the registered
Mobile Number


STEP 3

Fill Date of Birth,
PAN details, Email
Address and Bank
Account Details.

STEP 4

Demat Account
Activated Post
Verification


STEP 5

Details of your demat
account are sent to you
on your registered mail address

Frequently Asked Questions on How to Open A Demat Account

What is a demat account and what are the types of demat account?

A Demat account is an account that holds financial securities in electronic form. In India, Demat accounts are maintained by two depository organizations, NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited).

There are 3 types of Demat account:

  • Regular Demat Account: For the investors/traders who reside within India.
  • Repatriable Demat Account: For the NRIs. Funds can be transferred abroad. It requires an associated NRE bank account.
  • Sell Non-Repatriable Demat Account: For the NRIs. The fund cannot be transferred abroad. It requires an associated NRO bank account.

Who can open a demat account?

Any individual resident of India, HUF, NRI, proprietary firm, partnership firm or company can open a Demat and trading account with RCSPL Shares Broking Pvt. Ltd.

What are the benefits & uses of a demat account?

A Demat account helps keep your equity investments, your mutual fund units, bonds, and other financial assets safe and secure in an online electronic environment. With a Demat and trading account, you can not only invest in upcoming IPOs of companies but also start a mutual fund, digital gold and SIP as well.

Here’s a quick look at some of the other uses of a Demat account:

  • Enables easy and quick share transfers.
  • Highly secure storage with zero risk.
  • Can be accessed at anytime from anywhere through the internet.
  • Very less paperwork involved.

What are the documents required to open a demat account?

With RCSPL Shares Broking Pvt. Ltd., the documents for Demat account opening that you need to submit are minimal.

https://www.angelbroking.com/knowledge-center/demat-account/documents-required

Here’s the list.

Account opening with RCSPL Share is a 100% paperless process. Following are the documents that are required for opening an account.

Proof of Identity Documents

  • Pancard
  • Passport
  • Voter ID
  • Driving License

Proof of Address Documents

  • Aadhar Card
  • Passport
  • Voter ID
  • Registered Lease or Sale Agreement
  • Driving License
  • Utility Bills
  • Bank Passbook/Statement/Cheque

What are the demat account opening charges?

With RCSPL Shares Broking Pvt. Ltd., you don’t have to pay any Demat account charges for opening an account. That’s not all. In addition to being able to open a Demat account for free*, you also get to enjoy zero Account Maintenance Charges (AMC) for life. What’s even more exciting is that you can do it online from the comfort of your own home.

What is the minimum amount required to open a demat account?

With RCSPL Shares Broking Pvt. Ltd., there’s absolutely no requirement of having to put up a minimum amount for demat account opening. You can open a demat account with us for free*!

Can a demat account be opened in the name of Joint Holders?

Yes, a demat account can be opened in single or joint names. However, a demat account can have a maximum of three account holders - 1 main holder and 2 joint holders.

Can an NRI open a demat account in India?

Yes, a Demat account can be opened in single or joint names. However, a Demat account can have a maximum of three account holders - 1 main holder and 2 joint holders. Of course. It is certainly possible to open a Demat account for NRIs through RCSPL Shares Broking Pvt. Ltd. But to do so, you will have to possess either an NRO or NRE bank account and submit a Portfolio Investment Scheme letter of approval from the Reserve Bank of India along with your Demat account application form and other supporting documents.

In Nomination facility available in Demat Account?

Yes, nomination facility is available in demat account.
It is advisable for all individual beneficial owners to avail of this facility. Resident Individuals, NRIs presently having or opening new accounts either singly or jointly can appoint a nominee. If the account is held jointly all the joint account holders are required to sign the nomination form. The nomination can be changed or updated as and when required. However, Non-individuals including society, Karta of Hindu Undivided Family, Trust, corporate body or holder of power of attorney cannot nominate.

Can Demat Account be transferred?

Yes, a demat accountc be transferred from one DP to another DP. The investor is required to submit the transfer or closure request to his DP in the prescribed form. The said DP would transfer all the securities and investments presently in the account as per the investor’s instructions to the new DP account.

Is Demat Account compulsory to apply for an IPO in India?

An investor is given the option to apply for and obtain the shares of an IPO in physical form. However, it is suitable to apply for an IPO through the demat form since the shares issued through an IPO are tradeable only in form.

Can I apply for IPO’s using a Demat Account?

To receive delivery of IPO shares a Demat account is a prerequisite.

Investors can open a Demat account by submitting PAN, Aadhaar, Address and Identity proof, along with bank account details.

Since the whole process has become digital, one can open and activate a Demat account within 24 hours. Don’t miss an opportunity to apply for the best IPO offers. Get an RCSPL Share Demat account today!

What are the types of securities one can hold in Demat Account?

Demat account stands for the dematerialised account used for holding any form of financial securities in electronic format. Investors use a Demat account to hold equity shares, bonds, debentures, mutual funds, ETFs, government securities, and more. It facilitates managing and monitoring all financial securities in one place and quickens the buying and selling process.

Do I require Demat Account for SIP?

No, a demat account is mainly for the transaction of shares on the stock exchange. Mutual fund investments of any kind including SIP can be carried out directly by the investor or through a bank or financial institution.

Can I hold Mutual fund in a Demat Account?

Mutual fund investors have the option to transfer MF units to a Demat account. It simplifies the process of managing all financial securities in one place.

Investors can apply to convert mutual fund units into Demat format by availing a conversion request form from the broker or depository (CDSL or NSDL)

Can we withdraw Money from the Demat Account?

Demat account, as such, doesn’t hold money. If you have linked your bank account with the Demat, then the sales proceeds of an asset from the Demat account will be credited directly to your bank account.

PRODUCTS TO TRADE USING RCSPL SHARE DEMAT ACCOUNT

It is one account with multiple benefits. Investors can invest in a variety of asset classes through RCSPL Share Demat

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EQUITY

Investors commonly use a Demat account to receive delivery of company equities. Company equities are common shares issued to general investors in the process to raise capital from the market.

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MUTUAL FUNDS

Mutual funds are another investment instrument that invests in the market through a pooled fund. The fund manager usually collects funds from several investors and invests in a shared goal - track market and trace winning stocks to buy and sell to retain the fund's profitability.

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FUTURES AND OPTIONS

Investors can participate in futures and options trading and get deliveries on their Demat. Futures are great tools to hedge against rising market volatility and limit risk exposure. On the other hand, options give more flexibility to investors with a no-obligation deal.

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CURRENCY

Investors can receive delivery of currency contracts in the Demat account. Currencies as an asset-class help diversify a portfolio. In terms of volume, the currency is the largest market where investors can exchange Forex at a future date, at a specific rate.

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COMMODITY

Commodity trading allows investors to take a speculative position and hedge against changing commodity price. Using RCSPL Share Demat, investors can invest in commodity exchanges like MCX, NCDEX, NMCE, and ACE.

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IPO

IPOs are excellent to invest in quality stocks at a low price. Find and invest in the best IPO offers using RCSPL Share Demat account.

Contact Us

Get in Touch

Email

help@rcspl.net

Address

10,Mill Officers Colony,Opp.Times of India,B/h Old RBI Ashram Road Ahmedabad

Call at

+91 78 05 05 05 05

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