Now experience the change in trading services by opening a Demat account in IDBI. Being a bank-based stockbroker, it offers a reliable, secure, and technologically advanced platform to trade and hold your shares in dematerialized form.
Currently, with more than 20K active clients, and the least number of complaints, this stockbroker is making its way to the stock market with an objective of offering a smooth beginning of the trading journey to its clients.
So without any further delay, let’s know the opening process and other related information:
IDBI Demat Account Opening
Growing technologically advanced, this bank-based stockbroker now comes with the complete online process for account opening.
Unlike other bank-based stockbrokers, IDBI provides an Insta KYC process.
Wondering what is it?
Well! It is a completely online process that makes account opening with the broker effortless.
So no more hassle of visiting the branch and waiting for hours to get your account activated.
Just a few clicks and steps and you get your account opened and registered for trading and investing in the stock market.
Just make sure you fulfill the eligibility criteria like the applicant:
AMC charges in the IDBI is ₹350 per annum. However, for senior citizens, these charges are reduced to ₹250 per annum.
Also, these charges are free for the First Year and need to be paid from Second Year. These charges are deducted from the trading account from Second Year onwards.
IDBI AMC Charges
₹350 per annum for individual between 18-60 year
₹250 per annum for senior citizen
How to Use IDBI Demat Account?
You opened an account and now comes the question of how to use an IDBI Demat account.
To operate the Demat account all you need is login credentials. These login credentials are provided to you via email or through SMS in your registered email id and mobile number respectively.
For the efficient use of the Demat account, it is recommended to download the IDBI Direct 1.4 mobile app.
IDBI Demat Account App
IDBI Demat Account app, IDBI Direct 1.4 is the best way to use and operate your Demat account seamlessly.
It is intuitive and gives you an easier way to invest in equity and IPOs.
The app offers you the option to invest in mutual funds and other important investment options.
With live charts, market updates, and technical indicators, it makes the overall journey of a trader from fund transfer to picking up the stock, to analysis and buying and selling online simplest than ever.
There is a web and desktop app that allows you to trade using the widescreen of a desktop or laptop.
IDBI Demat Account Login
To use the feature of the app, you need to log in with the credentials provided.
The credentials contain the USER ID and PASSWORD.
You can reset your password after the first login. Make sure you make your Demat account extra secure by providing a strong password containing a combination of alphabets numbers, and special characters.
IDBI Demat Account Number
The Demat account number is the 16 digits unique code or client id provided to you once you open an account with the stockbroker.
This 16 digit number consists of two parts: the first 8 digits is the DP ID while the last 8 digits are the unique client ID.
Since IDBI is registered with both NSDL and CDSL, the first eight-digit would be either IN300079 or 12084000 for NSDL or CDSL Demat accounts respectively, depending upon with which broker your Demat account is registered.
So, if your Demat account number is 1208400012345678, then this 16 digit is the Demat account number, and the number following DP ID, 12345678 is your unique client code.
IDBI Demat Account Customer Care
Most of the time the client gets stuck either in the account opening process or post account opening.
Some of the common queries of the customers include:
How to do Insta KYC via the web?
What are the documents required to open a Demat account with IDBI?
What if one already has a bank account with IDBI, what will be the process to open the account?
To solve all such queries and to provide the best response, you can reach out to the customer care executive, between 8:30 AM to 7:00 PM (Monday to Friday) and 8:30 AM to 2:30 PM (Saturday).
Here are the contact details of IDBI Direct Demat account customer care:
IDBI Demat Account Customer Care
IDBI Demat Account Customer Care Number
1800-22-3366, 022-3913 5001, 1800 200 3388
IDBI Demat Account Customer Care Email
Demat Account Related Queries
Demat Account Related Grievances
IDBI Demat Account Advantages
Although we have covered all the benefits and features of the IDBI Demat account. To summarize the advantages, let’s have a quick look at few pointers:
Not registered with MCX or NCDEX thus zero opportunity to trade in commodities.
Opening a Demat account with IDBI offers a new and unique experience to the clients. From the benefit of offering free Demat account opening to the complete online process, you can have your account registration within a few minutes.
Further, the stockbroker asks for the least documentation making it easier for clients to take its services and step into the world of stock market trading and investing.
So, why wait for more, open the account now, and start trading without any further delay.
Why wait for more, gain the experience of trading now by opening a Demat account online for FREE!