What is a demat account?
A demat account is like a bank account but for your shares and assets. It allows you to safe-keep your shares, IPOs, exchange-traded funds, bonds, NCDs, mutual funds and government securities in electronic form.
You trade shares, which means buy and sell stocks, through your trading account and they are stored electronically in your demat account. Earlier, individuals had to hold physical share certificates and send them physically to the broker for settlement. But now all transactions and settlement of stocks happen electronically through a demat account.
What is Dematerialization?
Dematerialization is the process of transferring physical certificates into electronic ones. It makes the documents available at your fingertips. Holding physical shares is a cumbersome process, dematerialization helps you with seamless tracking and monitoring and quick buy/sell. It helps convert physical shares to electronic form.
How can I open an account with Arihant?
You can open a trading and demat account with Arihant in two ways:
Online: You can kickstart the account opening process at ekyc.arihantcapital.com. If you have a phone number linked with your Aadhar card and some basic documents available, this process will not take you more than 7 minutes. If you have any questions you can check here.
Offline: You can visit your nearest Arihant branch, and submit the “Account opening” form with the required documents. You can visit this page for more details on the process.
What are the charges for opening an account with Arihant?
Opening an account with Arihant is absolutely free! There are some minor charges which are required for regulatory requirements.
Stamp charges for Power of Attorney- ₹100 (optional)
KRA charges- ₹59
For your first trade in each segment you will be charged a processing fee of ₹50 plus taxes.
What investments can I make through Arihant account?
Through your Arihant trading account, you can invest in equity, mutual funds, IPOs, ETFs, currency, derivatives, and sovereign gold bonds. Additionally, we also help you invest in fixed income products like Bonds, NCDs, and insurance.
Who can open a trading account with Arihant?
You can open an account with Arihant if you are
an 18+ resident of India
A minor (under 18 years) resident of India
Resident Indians over 18 years can open their account online in just a few minutes.
If you want to open an account for a minor, please leave your details with us in the sign-up section, and we will contact you to open your account. If you are an NRI and wish to open an account, click here.
Which depository am I using to open an account with Arihant?
When you open an account with Arihant, we create a depository account in Central Depository Services Ltd (CDSL).
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