How To Open a Demat Account With Groww - What is Demat Account

How To Open a Demat Account With Groww - What is Demat Account

Friends, stock market investment has always been considered complex Everybody used to think, If you want to invest in the stock market then its a very complex process To open an account, it will take a lot of time and if you want to choose a stock, you will have to go to different places after which you can think of starting your journey in the stock market investment But from the time Groww has entered into the stocks Groww has simplified this whole process.

Other than making it simple Groww has made it efficient so that you can activate your account in a simple and timely manner and start your investment journey as soon as possible Friends, you might have wondered many times on what is a Demat account? and how to open a Demat account to invest in stocks I, EmpireWebInfo, we will talk about so that you can start your investment journey as soon as possible The more quickly you can make an investment and for a longer time your chances of making a better return increases but friends, before starting the post, if you have not subscribed to Groww's channel yet then Subscribe to Groww's Channel Let's start today's post wherein I will explain to you, the step by step process on how to open an account on Groww and how you can invest in stocks from there?

Friends, before telling you the account opening process I would like to tell you the history of what was the process of opening a Demat account till now So friends, the process of opening a Demat account in the past used to be completely offline If I talk about offline, then you had to ask for forms from different brokers and fill it after which you used to sign it at different places after signing, you had to courier the form back to the broker The whole process would take you 10 to 15 days cause the form had to be bought then signed and couriered, then the time it takes to reach there After which when the broker used to open your account, it would take a lot of time in this process And because of such a long time-consuming process It happens that the investor by then has missed out on a good opportunity to invest


But friends, Groww's onboarding process through which you can create your own Demat account it is completely online which means if you want to open a Demat account you wouldn't have to fill up forms and courier it I will tell you how you can open your account, without any couriering Your account will get activated in some time and you can start investing in the same day Friends, first let's talk about what is a Demat account? So friends, If I look at Demat's full form then So what is its meaning?

So friends, If you were investing in the past few years when there was no Demat facility so whenever you used to buy a particular share you used to get a certificate for that on the top, it was mentioned of which company and how many stocks did you purchase which you had to store in its physical form As you know, the process was very tedious of how will you store this certificate In order to solve this, a new initiative came up which was called Dematerialization. So what happens in dematerialization is that Whenever you buy a new share, that particular share in an electronic form is kept in one of your accounts and the account in which it is kept is called Demat Account Friends if you trade money whether its taking money or giving money you use your bank account you keep your money safe in the bank account


When you want to give money to someone, you transfer the money to him and when someone has to give you money then your money gets transferred to your bank account so friends, in similar terms, if I talk about share market so in share market, you have to trade shares Assume, if you want to purchase a particular company's share say if company A's share is of Rs. 100 so its process is very simplified for the user that you gave Rs. 100 and bought a share but friends, after two days, t + 2 settlement of stocks after 2 days, your particular share gets delivered to the broker and that particular share is put into your Demat Account Just like in a bank account, money is deposited and withdrawn Similarly in your Demat Account, stocks are transacted at your authorization means whenever you have sold it, you authorize thus your share is taken out of the Demat account and delivered to the person, you sold it to And when you buy a share, your broker once he receives, puts your share in your Demat account So friends, from this example you can learn how important Demat account is and is a mandatory account if you want to invest in shares


Before buying a single share, it is mandatory to buy a Demat account So friends that were about Demat account Demat account is opened by your broker on your behalf once you give all your details like your signature and bank account to your broker After receiving all this information, your Demat account is opened After opening a Demat account, you receive a mail from your broker which has a CMR copy. The full form of it is Client Master Report Client Master Report tells you all the details regarding your Demat account from your Demat account number to your name, address and the linked bank account details

That is why CMR report is so important for you Friends, It's one more use is whenever you trade share in the market, it helps you there other than that, when you apply for an IPO Assume if any company's IPO is coming, even for that Demat account is required cause till the time, you don't have a Demat account you cant apply for an IPO cause by chance if you get the IPO and you don't have a Demat account then there won't be any place to keep your Demat account so if you even want to apply for IPO, you must open a Demat account So, friends, we spoke about the overall Demat account

I spoke to you about its importance in detail Now I will tell you, How can you open your Demat account through Groww in a timely and simple manner and how you can start your investment journey with it in the shortest time So friends, on the side, you can see the steps with that, I will keep telling you why is it important to put a particular detail while opening an account so for the new users, who have never used Groww app before today After putting your Email Id, the second important process is

You will have to verify your mobile no. as every information regarding your account goes to this number After verifying the mobile no. the most important thing in the world of investment is having a valid PAN card cause investment is related to your income so if there is anything related to income then its important to have a valid PAN card so the third step here would be to put in your own Pan card details Once you put in the PAN card, Groww will identify the user of the PAN card after which you can verify your PAN card again After which friends, you have to fill in a few basic details after which there is an important step like I told you the use of Demat is done to trade in stocks so whenever you want to buy or invest in a particular share you must have money in the account you will have to transfer that particular amount into Groww as Groww balance

After putting that money in Groww balance, you can invest that money so friends, how will money get transferred to your Groww balance Friends, you need to have a proper bank account for this which you will have to link with your Groww account You can verify your bank account here by putting in the IFSC code and bank account details like your bank account number

Now friends, to open Demat account in the past, people used to ask for cheque so that they can verify your bank details cause the compliance says the Demat account should belong to the owner of the bank account It is not possible that I am opening my investment account and I linked it with my father's bank account so Groww verifies the bank account you added that is of yours and not of someone else's And Rs. 1 is deposited in your account which is called penny drop Via penny drop when Rs. 1 is dropped in your account so the name of the bank account owner and the Pan account holder is matched It is verified that the PAN card belongs to the account holder himself or not Once the bank account is verified, you have to fill up some other details after which you reach the last and the most important step

The next important step to open an account with Groww is to upload your signature done on a white paper Like you can see on the screen, upload signature's option so you have to do your sign on a white paper and upload it, Friends, pay attention that you have to do your own valid signature here after uploading this signature, you reach the last step after which your investment journey would start

This is called e-signature Many people want to know, how is e signature done and what problems does it solve? So friends, your account opening form to trade in stocks in the past, you had to courier the forms after downloading which used to take 7 to 10 days That particular process can be simplified via e-sign The process of doing e-sign is to click here, it takes you to the website of NSDL where you will have to put your aadhar card number After putting aadhar card no., the mobile no. linked with it gets an OTP and if you fill in the OTP there, your process of e-sign gets over But friends, I would like to tell you a small thing When you are taken to another page, where you have to fill your aadhar card no. please make sure you are putting your own aadhar card no.

Now assume, as my aadhar no. is not linked with my mobile no. thus I put in my father's aadhar no. In that case, your account won't get opened and you will have to repeat the whole process So please take care that when you put in the OTP from the registered mobile no. which is linked with your aadhar card After this step, your account opening process is complete After which your investment journey starts in just some time Under stocks, you will find a lot of information you can use it to think of investing intelligently Friends, this whole process is very simple If you try it by yourself, you can complete this whole process in just sometime.

Once this process gets completed, your Demat account gets created After which you will receive an email with a CMR copy, Client Master Report which is very important as it tells you all the details of your Demat account Friends, follow this process and start your investment journey soon One more benefit, you get in Groww is that if you are interested in investing in a particular stock then the financial information, Profit & Loss statement, balance sheet, cash flow statement, competitors of that company are all available on the same page

After taking an informed decision with the information available, you can start your investment I hope, when you are starting to invest, like a good investor you will do your own research after which choose a fundamentally strong company Invest for a long time so that in the future, you can make good returns Other than this, we will keep posting educational videos on this channel so that we can help you in choosing a good stock

We will tell you how you can empower yourself to choose a good stock based on your needs and so that you don't have to depend on others to tell you which stock you should invest in Friends If you liked this video Press Like! Comment and tell us your experience with Groww stocks and if you haven't onboarded yet then start your investment journey soon In the future, we will come up with more videos to educate you on investment If you have not subscribed to our channel yet Subscribe It! so that we can help you to become an intelligent investor Happy Investing!