Procedure for opening a Trading Account

Step 1: There are many stock broking companies. Do your research and select the best stock broker
to suit your needs. First, compare charges, supported asset classes, user interface, security, and
other features of multiple brokers and then decide the one that meets your needs.
Step 2: After choosing a stock broker, get in touch with the firm and enquire about the trading
account opening procedure.
Step 3: Next, fill out the trading account opening form and furnish the required documents like proof
of identity, proof of residence, and proof of income. You can use the Aadhar card or passport as
proof of residence and a copy of your Aadhar card or PAN card as identity proof. Note that the PAN
card is compulsory for opening a trading account.
Step 4: After submitting the documents, the brokerage will do a KYC verification by sending a
representative to your house, or you will have to do online verification. 
You can also opt for the e-KYC process if you don’t wish to do it online. Note that for the e-KYC
process, your PAN should be linked to the Aadhar and your bank account. Also, your mobile number
should be the same as the Aadhar card.
Step 5: After verification, you will be given your trading account details. After the verification
process, it usually takes 3-4 days to activate the trading account.

Documents Required to Open a Trading Account
1. Proof of identity: For this, you can submit a passport, voting ID, driving license or Aadhar
card.
2. Proof of address: For this, you can furnish documents like telephone bill, water bill, and
electricity bill.
3. PAN: This is compulsory for opening a trading account.

e-KYC to Open a Share Trading Account
If you do not want to submit physical documents, you can opt for the alternative method –
e-KYC process. For the e-KYC method, you will have to ensure that your Aadhar card ID is linked to
your PAN card and your bank account. The mobile number linked to  Aadhar card should be the
same as the mobile number submitted in the trading account application. The Aadhar verification is
done online through a one-time password. You will also have to upload a copy of the PAN card and a
cancelled cheque. After submitting the documents, you will have to verify yourself through video
conferencing or visit the office of the broker.