Documents Required To Purchase Share

Documents Required To Purchase Share

Shares can be bought through either a broker or a sub broker. You can even choose to trade online. For this, you will have to open a trading account with the broker or sub broker as the case may be. In addition, you will need to open a demat account. Demat account is an account where the entries of shares bought and sold are maintained. Your shares are held only in the electronic form. Demat account can be opened with any of the banks or the financial institutions, who are the depository participants.

Depository participants means member of either of two Depositories: National Securities Depository Limited and Central Depository Services (I) Limited

You will need the following documents when you buy shares:

• Application Form duly filled in and signed.
• Cheque for the amount at which you are buying the shares.
• Identification Proof: For this, you will need a PAN card. If you do not have a PAN card, you can apply for it online, or through an agent.
• Address Proof – You have to produce either of the following documents:

Self attested copy (You should sign on the copy of the document) of one of the below mentioned documents:

a) First and the last pages of the Passport
b) Voter’s ID card
c) Ration card
d) Latest Electricity Bill
e) Driving license
f) Telephone bill (should not older than 2 months)
g)Bank Pass Book( The pages containing your name and address and the page on which the last entry is made.)

• Photograph –3 Passport size photos. The photos should be recent.

• Proof of Demat Account – A statement of the Demat Account or a letter from the bank or the financial institution where you have applied for opening the Demat Account

• Proof of Bank – Bank Pass Book copy or the copy of the cheque leaf, if it is personalized.