If you plan to invest in the Indian stock market to leverage the wealth generation potential of stocks, commodities, bonds, ETFs, or mutual funds, the preliminary task is to open a Demat account with a SEBI registered stockbroker like Motilal Oswal. So without any further delay, let’s have a quick look at the process of Motilal Oswal demat account opening online.
How to Open Motilal Oswal Demat Account Online?
In this world of digitalization, brokers like Motilal Oswal have made the process of opening a demat account simpler and easier.
Before we explain the step-by-step procedure of Motilal Oswal account opening let’s see the documents required for a Motilal Oswal demat account online.
Address proof like PAN Card, Aadhar Card, Voter ID Card, Electricity or Telephone Bills.
Bank Account Statement for the past 6 months as proof of your income.
In the Motilal Oswal website, click on the “Open Demat Account” option in the upper right corner.
Register your mobile number verify them via OTP.
Similarly register your Email ID and verify the details.
Enter your PAN Card details and Date of Birth to verify your personal details.
Fill in your personal details such as your income, marital status, address, nominee, etc., and verify your PAN Number, Aadhar Card details, Bank Account Number & IFSC Code to complete the e-KYC process. Also, you can add nominee in Motilal Oswal Demat Account by clicking on the option “Add Nominee” and filling the required details.
Add funds to your trading account. This step is optional so you can skip the same at the time of account opening.
Upload your signature and enter your Aadhar card number or e-verify your Aadhar via OTP on your registered mobile number.
Finally, click on the “Submit” button and wait for approval from MO.
On the successful validation of data and documents, you’ll receive your unique User ID and Password from MO via your registered email ID within few hours.
To simplify the process, you can get in touch with us and we will assist you in opening your account with the broker.
Whether you’re a beginner in market participation or an experienced trader, you need a good stockbroker who can provide you with a plethora of benefits to assist in trading. To leverage best trading practices and execute informed profitable transactions, a full-service broker should be your best choice.
Motilal Oswal is a credible stockbroking company with over 30 years of client-serving experience and 50,00,000+ satisfied customers as of now. They have a competent in-house team to provide you with the necessary market insights and trading support. Moreover, the organization provides you with the following benefits if you choose to open a Demat account with them :