A demat account can be opened with a depository participant, which may be a bank or a stock broker who has a license to do so. You must have a PAN card to open a demat account as it is very important for your KYC (Know Your Client), norms.
You also require an identity proof (Voters card or your PAN card itself) and an address proof (Passport or a Drivers license).You have to sign across the copies of the passport and the PAN card and submit them to your depository participant, as part of your know your client (KYC) norms.
Demat account opening fees: This covers the cost of the agreement with the depository participant.
Annual maintenance fees: These fees are charged in advance mainly for the maintenance of the account and the services rendered
Custodian fees: This is mainly charged for the safe keeping of shares in the demat account and is charged based on the number of shares held in the account.
Brokerage fees: Whenever a share is bought or sold, certain transaction or brokerage fees are charged.
Dematerialization fees: In order to convert physical shares to the dematerialized form, certain nominal amounts are charged.
You can open a basic services demat account if you are a first time investor in the stock market. You can also open a basic services demat account, if you already have a demat account and you are the sole (only), holder of this account
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