Pay as you goPer Trade Plan
Flat ₹9 per executed order — all segments
- All segments: Equity, F&O, MCX, NCDEX
- Full product suite access
- No monthly commitment
- No brokerage on zero-trade months
₹9Per order
Open Demat Account
Open a free Demat account with InCred Money and start investing through a 100% digital, paperless process.
4.5+ App Ratings
SEBI Registered
Backed by InCred Group
₹9Flat brokerage per order
1.50L+Registered Users
30K+Active users
Why choose us
Why Choose an InCred Money Demat Account?
Everything you need to invest, manage, and grow your portfolio, all in one place.
Trade at ₹9/Order or ₹999 Unlimited
Choose ₹9 per executed order or trade unlimited for just ₹999/month.
All-in-One Investment Platform
Manage your stocks, ETFs, IPOs, mutual funds and more from one place.
₹0 Account Opening Fee
Get started without paying an account opening charge.
1st Year Demat AMC Free
Enjoy zero Demat maintenance charges for your first year.
Secure & Trusted
Invest and trade through a platform backed by the InCred ecosystem.
Built for Modern Traders
A fast, intuitive platform designed to make trading simpler.
Get started
How to Open a Demat Account
Get started with a quick digital onboarding process.
Verify Your Mobile Number
Verify your registered mobile number using the OTP sent to your phone.
Fill in
Your DetailsEnter your basic personal and bank account details to start your demat account application.
Complete
Your KYCComplete your KYC by submitting the required PAN, Aadhaar and other verification details.
Get Your Demat Account Details
Once your application is approved, receive your demat account details and start investing.
What you need
Documents Required to Open a Demat Account
Identity Proof
PAN card is mandatory (Please ensure your photo and sign on the card are clearly visible)
Bank Proof
Bank account statements of last 6 months, cancelled cheque and passbook (Any of these)
Address Proof
Aadhaar, passport, driving licence, voter ID, or bank account statements of last 6 months (Any of these)
Income Proof
Bank account statements of last 6 months, 3 months salary slips or ITR (Any of these)
Signature
Photo of your signature on a white paper (The signature must match the one on your PAN card)
Photograph
One passport size photograph is a must (Provide clearly visible and latest photograph)
Simple. Flat. No Surprises.
Pay only when you trade. No prior commitments, no platform charges, no hidden fees. Ever.
Pay as you go
Unlimited TradingMonthly Brokerage Plan
₹0 brokerage on every trade
- Unlimited trades, flat monthly cap
- Trade Cash, Futures & Options
- Full product suite access
- Change plan anytime via email
₹999Per month
Explore Investment Options
Things to Know About Demat Account
A Demat account allows investors to keep their investments in a digital format. Here is what you should know before you open a Demat account:
- Maintains electronic holdings of securities like shares, debentures, ETFs, and mutual funds.
- Mandatory to trade in shares and exchange traded debentures in India.
- Must be opened alongside a trading account for trading in securities.
- Paper certificates are no longer needed for securities, thus eliminating the risks of losing or damaging paper certificates.
- Allows an investor to hold several investment products in a single account.
- Managed by depository firms such as National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
Types of Demat Accounts
Demat accounts are available in different types to meet the needs of different investors.
- Regular Demat Account: An account designed for Indian residents to hold and trade securities, such as stocks, bonds, ETFs, and mutual funds.
- Repatriable Demat Account: Designed for NRIs to transfer investment proceeds abroad. Linked with a Non-Resident External (NRE) bank account.
- Non-Repatriable Demat Account: Offered to NRIs interested in investing in India without transferring funds abroad. Linked with a Non-Resident Ordinary (NRO) bank account.
- Basic Services Demat Account (BSDA): A low-cost account for retail investors with a limit on the holdings. Offers a discount on the annual maintenance charges.
What Can You Do with a Demat Account?
Once your Demat account opening process is complete and your account is activated, you can:
- Buy and sell listed shares on the NSE and BSE, including large cap, mid cap, small cap, and more.
- Apply for IPOs; allocated shares are credited to your online Demat account.
- Invest in ETFs and index funds that follow indices such as the Nifty 50 and the Nifty Next 50.
- Invest in bonds and NCDs listed on exchanges, including tax-free bonds.
- Keep mutual fund units in Demat format for a comprehensive view of your portfolio.
- Trade futures and options once your derivatives segment is activated.
- Access your Demat account statement online anytime, including holdings, transactions, and portfolio movement.
FAQs
We're here to help!
What is a Demat Account?
A Demat (Dematerialised) account is an electronic account that securely stores your shares, bonds, mutual funds, ETFs, and other securities in digital form. It eliminates the need for physical share certificates and makes buying, selling, and holding investments convenient.
Why is a demat account necessary?
A Demat account is necessary because it enables you to hold and trade securities electronically. It offers safe storage, faster settlements, easy transfers, reduced paperwork, and is mandatory for investing in most listed securities in India.
How long does it take to open a Demat account online?
If you apply online, your Demat account can typically be opened within 5 minutes to 24 hours. Aadhaar-based eKYC and video verification help speed up the process, provided all required documents are accurate, complete, and successfully verified.
Why do we need a Demat account?
A Demat account allows you to keep your stocks and securities in digital format. It makes trading easy without having to deal with share certificates physically.
What are the types of Demat accounts?
Three major types are Regular Demat Accounts for Indian residents, Repatriable Demat Accounts for NRIs, and Non-Repatriable Demat Accounts for NRIs.
What is a Basic Services Demat Account (BSDA)?
A BSDA is a low-cost Demat account designed for small investors. It offers reduced annual maintenance charges if your holdings remain within the limits set by the regulator.
How can I check my Demat account number and DP ID?
You can find your Demat account number and DP ID from your welcome e-mail or account statement, or by visiting your broker's application or website.
What types of securities can be held in a Demat account?
Equity shares, bonds, debentures, mutual funds, Exchange-Traded Funds (ETFs), government securities, Sovereign Gold Bonds (SGBs), and Non-Convertible Debentures (NCDs).
Can physical shares be converted into Demat form?
Yes. You can convert physical share certificates into electronic form by submitting a Dematerialisation Request Form (DRF) to your Depository Participant along with the original certificates.
Can a Demat account be opened through a mobile app?
Yes. Many brokers, including InCred Money, allow you to open a Demat account through their mobile app using a fully digital KYC and document verification process.
What is the difference between NSDL and CDSL?
NSDL and CDSL are India's two depositories that hold securities electronically. Both offer similar services but operate independently with different Depository Participants.
Is a Demat account mandatory for trading?
A Demat account is required for holding shares electronically and for equity delivery trades. However, some trading segments, such as certain derivatives, may only require a trading account.
Who is eligible to open a Demat account?
Any Indian resident with valid KYC documents. NRIs, minors through a guardian, and eligible entities can also open Demat accounts.
What are the features & benefits of a Demat account?
Secure electronic storage, faster settlements, easy portfolio management, reduced paperwork, and convenient access to a wide range of investment products.
What are the charges for opening an account? Is it free?
This depends on your broker. InCred Money offers zero account opening charges, allowing you to open a Demat account at no cost. Other charges, such as brokerage or annual maintenance fees, may apply as per the selected plan.
What is the difference between a Demat and a trading account?
A Demat account stores your securities electronically, while a trading account is used to buy and sell securities on the stock exchanges. Both accounts work together for investing.
Can a Demat account be transferred?
Yes. You can transfer securities from one Demat account to another by following the transfer process provided by your Depository Participant.
Is the nomination facility available in a Demat account?
Yes. Most Demat accounts allow you to add a nominee, making it easier to transfer your investments to the nominated person if required.
Can I open multiple Demat accounts?
Yes. You can open multiple Demat accounts with different brokers. However, you cannot have more than one Demat account with the same broker under the same account type.
Can a Demat account be opened jointly?
Yes. A joint Demat account can be opened by up to three holders. All account holders must complete the required KYC process.
Is it safe to open a Demat account online?
Yes, it is safe to open a Demat account online through a SEBI-registered broker.
Is a Demat account compulsory to apply for an IPO in India?
Yes. A Demat account is mandatory for investing in IPOs in India, as IPO shares are allotted and held only in electronic form.
Can an NRI open a Demat account in India?
Yes. NRIs can open a repatriable or non-repatriable Demat account in India, subject to applicable regulatory requirements.
Can a minor open a Demat account?
Yes, minors can open a Demat account with the help of their parents or guardians, who manage these accounts on their behalf.
Can I withdraw money from a Demat account?
No. A Demat account only holds securities. Money from the sale of investments is credited to your linked trading and bank account, from where it can be withdrawn.
