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How to open a demat account

A simple, step-by-step guide to opening a demat and trading account online in India.

Getting started6 min readBy ROAR

How to Open a Demat Account

What you need before you start

Opening a demat account online is fully paperless for most residents. Keep these ready:

  • PAN card — mandatory for any investment account.
  • Aadhaar linked to your mobile number (for OTP-based eKYC).
  • Bank account details — a cancelled cheque or bank statement.
  • A photo and signature, and for the derivatives segment, income proof.

Step-by-step: opening your account

The process takes about 10 minutes for most people.

  • Enter your mobile and email and verify them with an OTP.
  • Complete Aadhaar eKYC — verify your identity and address digitally.
  • Add your PAN and bank details, then your personal and nominee information.
  • Upload a photo and e-sign the application with an Aadhaar OTP.
  • In-person verification (IPV) via a short selfie video, where required.
  • Account activation — you receive your login once verification is complete.

Demat vs trading account

You need both, and they are opened together. A demat account holds your shares in electronic form with the depository (NSDL/CDSL); a trading account is used to place buy and sell orders on the exchange. ROAR opens both in one paperless application.

Charges to know about

Account opening on ROAR is free. Ongoing, you may see standard, clearly-disclosed charges such as annual demat maintenance and the statutory levies on trades. Brokerage is ₹0 on equity delivery and ₹20 flat on intraday and F&O. See the full pricing.

How long does it take?

For most residents with Aadhaar linked to a mobile number, account opening is fully online and activates in about 10 minutes to a working day. Once active, you can add funds via UPI and place your first order.

Frequently asked questions

What documents are needed to open a demat account?

PAN, Aadhaar (linked to your mobile for OTP eKYC), bank account proof, a photo and signature. Income proof is needed to activate the F&O segment.

Can I open a demat account online for free?

Yes — on ROAR account opening is free and fully paperless using Aadhaar-based eKYC.

How long does it take to open a demat account?

Usually about 10 minutes to one working day for residents with Aadhaar linked to their mobile number.

Can I have more than one demat account?

Yes, you can hold demat accounts with more than one broker, though each may have its own maintenance charges. Many investors keep one primary account for simplicity.

Open your free account in minutes.

Enter your mobile number to get started — then download the ROAR app to finish KYC in about 10 minutes.

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