An account that permits the electronic holding of shares and securities is known as a Demat account. A resident or a non-resident Indian can open a Demat account through a depository participant. With a fully digital KYC process and a paperless account opening, Paytm Money customers can open a Demat account. Setting up an account and completing KYC compliance will take 24 hours.
Read below for the complete process to open a Demat account on Paytm Money.
Here is a step-by-step process to open a Demat Account on Paytm Money:
1: Install the Paytm Money app on your smartphone.
2: Now, make use of your Paytm login information to access your account.
3: Then, after adding your Pan Card information, submit successfully.
4: Submit an address proof now with your Aadhar Card information.
5: You must provide your bank account information to add and withdraw money from the Demat account.
6: e-sign the AOF document (account opening form).
7: Paytm Money's KYC team will then open your Demat account once you submit all the required information. Once the KYC procedure is over, and your Demat account is set up, you can formally begin investing in stocks.