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To open a demat account in India, investors must complete the KYC (Know Your Customer) process by submitting specific documents that confirm their identity, address, PAN details, and income (for derivatives trading). These requirements ensure compliance with SEBI regulations and promote transparency.
Key documents include:
Proof of Identity (e.g., Aadhaar, PAN, Passport)
Proof of Address (e.g., utility bills, rent agreement)
Proof of Income (for trading in derivatives like F&O)
PAN Card (mandatory for most applicants)
Bank details (cancelled cheque or passbook)
Photographs
The document requirements may vary slightly based on the broker (e.g., Close Friends Traders) and whether the process is online or offline, but the core criteria remain similar.
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