Can I Open a Demat Account Online Without Visiting an Axis Branch?

Can I Open a demat account online without visiting an Axis branch?

In today’s interconnected world, where time is a precious commodity and digital innovation is redefining the way you conduct your financial affairs, banking services have evolved to meet the growing demand for convenience and accessibility. Axis Bank, a pioneer in the financial sector, has recognised this shift and is at the forefront of providing cutting-edge solutions to its customers.

One such transformative offering is opening an online demat account with Axis Bank without visiting a branch. This evolution in banking simplifies the account opening process and aligns perfectly with the modern lifestyle, where flexibility and efficiency are paramount. But how do you open one? Well, this post will explore the ins and outs of how to open a demat account online with Axis Bank. 

Can I Open an Axis Demat Account Online?

Yes, you can open an Axis Demat account online, and it is a remarkably convenient process for you. Axis Bank offers a user-friendly and secure platform that allows you to initiate and complete the Demat account opening process without visiting a physical branch. 

Eligibility for to Open an Axis Demat Account Online

To be eligible to open an Axis Demat account online, you must meet the following criteria:

  • You must be at least 18 years old.
  • You must have a valid PAN card.
  • You must have essential KYC documentation like valid Bank account proof and Address proof.

Important Documents Required to Open an Axis Direct Demat Account Online

To open a Demat account online, you will need to provide the following documents:

  • A scanned copy of your PAN card.
  • A scanned copy of your Aadhaar card.
  • A cancelled cheque or bank statement to link your bank account.
  • Income proof (only if you want to trade in Futures and options).
  • Latest passport-sized photographs

Fees and Charges Applicable for Opening an Axis  Demat Account

Some charges applicable are for opening an Axis Demat account. Here is a table of those fees and charges:

Fee/ChargeAmount
Account Opening ChargeNil
Account Closing ChargeNil
Annual Maintenance Charge (Axis Bank customers)First year: FreeSecond year onwards:  ₹750
Annual Maintenance Charge (Non-Axis Bank customers)First year:  ₹350Second year onwards:  ₹750
Annual Maintenance Charge (Debt Securities)Holding value up to  ₹1,00,000: No chargeHolding value between  ₹1,00,001 to  ₹200,000:  ₹100Holding value above  ₹200,000: Tariff for regular accounts applicable
Demat Charges₹5 per certificate or₹50 per request, whichever is higher
Remat Charges₹20 for every 100 securities or parts of securities or₹50 per request, whichever is higher

Steps to Open an Axis Demat Account Online

Opening an Axis Direct free demat account online is an easy process. Here is the process:

Step 1: Visit Axis Bank’s Official Website

Go to this website: https://digitalaccount.axisdirect.in/register

Step 2: Fill in the Required Information

You must fill in the required details. Your name and contact details may be included. 

Step 3: OTP Verification

Then, click on “Get OTP”. Your mobile number will receive an OPT. Enter the OTP.

Step 4: Provide PAN Card Number

Now, enter your PAN Card number and Date of Birth accurately.

Step 5: Provide Personal details

Now, you must provide personal details. These include your address, marital status, highest education, financial information, and trading experience.

Step 6: Provide Bank Details

You must provide your bank name, account number and IFSC Code accurately.

Step 7: Make Payment

Now, you have to make the payment. 

Step 8: Upload Documents

The next step is to upload your documents. These include a cancelled cheque, passport-size photo, and address proof (Aadhaar card/driving licence/voter ID/passport).

Step 9: E-Sign

Now, you have to E-sign on your account opening form.

Step 10: Account Activated

You can now use your Axis Demat account.

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Conclusion

Opening a demat account online with Axis Bank aligns with the demands of modern life. It offers you the flexibility to manage your investments from anywhere.

Whether you are a seasoned investor or a newcomer, this approach simplifies investment management, making it accessible and convenient. Embrace this digital evolution to gain control over your investments, all from the comfort of your preferred location. The future of finance is here, and it’s at your fingertips.

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