You can hold various types of securities, like shares, mutual funds, bonds, and ETFs in a Demat account.

Yes, it is mandatory to have a Demat account to apply for an IPO in India. You need to enter the Demat account number at the time of filling out the IPO application. 

Yes, it is possible to open a joint Demat account. The account holders have to provide the necessary KYC documents (PAN card, address proof and bank proof).

A Demat account with Bajaj Broking has zero account opening charges. However, subscription charges and brokerage charges are applicable depending on the subscription plan chosen by the investor.

No. It is not compulsory to have a Demat account for SIP. However, with increasing avenues to invest, a Demat is a one-stop-shop for trading in all securities including mutual funds and SIP. Having all your investment through the same account can save you the effort and hassle of maintaining multiple logins and accounts. With a Demat account, you can also view your entire portfolio with periodic updates.

Yes, the process of opening a Demat account can now be done online. Bajaj Broking offers online account opening services, allowing investors to complete the process from the comfort of their home.

No, Demat accounts are subject to various taxes. For instance, when you sell securities held in your Demat account, you will be liable to pay capital gains tax on any profits. Additionally, there may be other taxes such as Securities Transaction Tax (STT) or Goods and Services Tax (GST) that you need to pay when buying or selling securities.

Yes, you can choose to close or deactivate your Demat account if you no longer wish to use it. However, before doing so, you will need to clear any outstanding dues or obligations associated with the account.

Yes, you can transfer your Demat account from one broker to another if you are not satisfied with the services or fees charged by your existing broker. To do so, you will need to fill out an account transfer form and follow the necessary procedures dictated by the depository participant and broker.

Yes, the Demat account opening is free of cost. However, there are a few additional charges applicable like account maintenance charges.

Yes, an NRI can open a Demat account. They need to follow specific regulations and provide the necessary documentation as per RBI and SEBI guidelines.

Yes, you can open multiple Demat accounts with different depository participants, but each must be linked to the same PAN.

No, you cannot withdraw money directly from a Demat account. It is used to hold securities, and funds are managed through the linked bank account.

To open a Demat account with Bajaj Broking, you will need the following documents and details:

• PAN card
• Proof of address (such as Aadhaar card, driving licence, or passport)
• A recent passport-sized photograph
• A signature on plain white paper
• Proof of income (for activating the futures and options segment)
• A cancelled cheque or bank statements from the last three months

Any individual residing in India can open a Demat account if they possess valid proof of identity, address, and income. This account allows them to buy and sell securities and other financial instruments via Indian stock exchanges.

To open a Demat account with Bajaj Broking, follow these steps:

• Provide your personal and banking details.
• Select a subscription plan.
• Record and upload a selfie video for eKYC verification.
• Submit the required documents.
• Complete the e-signing process using your Aadhaar card.

A Demat account offers several features, including:

• Transfer of investments
• Dematerialisation (conversion of physical securities into electronic form) and rematerialisation (conversion back into physical form)
• Availing loans against securities
• Access to corporate actions such as dividends, bonus issues, and rights offers
• Freezing the account for enhanced security

Yes, mutual funds can be held in a Demat account. This simplifies managing all financial securities in one place. To convert mutual fund units into a Demat format, investors need to fill out a conversion request form, which is available through brokers or depositories like CDSL or NSDL.