Opening a Demat Account is absolutely easy and simple. You can contact any of our branches to open a Demat Account. Given below are some of the guidelines that will help you open a Demat Account with us.

You can open a Demat Account through any of IDBI branches by filling the account opening form and signing a demat agreement (which should be on a Rs 100 stamp paper).

Following are the types and sub-types of clients who can open a Demat Account (classification done as per the NSDL terminology)

• Individuals
  • Residents - Ordinary, HUFs
  • NRIs - Repatriable, Non-Repatriable
• Corporates
  • Body Corporate - Domestic Companies, Co-operatives, OCB's, NBFC's, Government Companies, Trusts.

• Ordinary resident 
• NRI - repatriable
• NRI - non-repatriable
• HUF
• Others like corporate

• Collect, fill-up and submit a Demat Account opening form
• Submit the necessary documents, along with the account opening form (list of documents supplied with the form)
• Execute an agreement as specified by NSDL (supplied with the form)
• Obtain the exact fee schedule
• Open a savings or current account with us for easy fund transfers

• Duly filled in Demat Account Opening Form. Individuals Form. Corporate Form
• Duly executed and stamped Depository Participant Client Agreement supplied by the Bank
• A photograph of each holder/signatory to be pasted on the form and signed across
• A copy of Passport/ Ration Card/ Voter's ID card/ Bank attestation for identification
• Duly filled in Billing Instruction (form supplied by the Bank)
• Standing Instruction to debit charges to one's Savings/Current Account with the Bank
• Nomination form
• Delivery Instruction Booklet request

A copy of Power of Attorney and the photograph(s) of Power of Attorney holder(s) must be attached if the applicant(s) wishes to register a Power of Attorney.

• Certificate of incorporation
• Certificate of Commencement of Business
• Memorandum and Articles of Association
• Board Resolution for opening of the Demat Account and Board Resolution authorising the signatories to operate the account.

• The HUF accounts should be opened in the name of and operated by the Karta only
• HUF stamp should be affixed on all Demat Account related documents
• HUF mandate letter