Mirae Asset Sharekhan Account Opening Guide

Opening a demat account with Mirae Asset Sharekhan, formerly known as Sharekhan by BNP Paribas, can be done through a simple process. As Mirae Asset has acquired Sharekhan, the services are now offered under the name Mirae Asset Sharekhan. You have the option to open an account online or by visiting one of their branches.

Here's a step-by-step guide on how to open a demat account with Mirae Asset Sharekhan:

Method 1: Online Account Opening

1. Visit the Official Website: Go to the official Mirae Asset Sharekhan website. Click on "Open Demat Account".
2. Start the Application: Click on the "Open Demat Account". You will be directed to an online application form.
3. Enter Basic Details: Fill in your basic information as requested in the initial part of the form. This includes your mobile number; you will get an OTP for verification.
4. Complete KYC (Know Your Customer): The process will guide you through the KYC verification. This usually involves providing and uploading scanned copies or clear pictures of your essential documents.
5. Upload Required Documents: Be ready to upload the necessary documents. These typically include:
   • Identity Proof: PAN Card is mandatory.
   • Address Proof: Aadhaar Card, Passport, Voter ID, Driving License, or utility bills (not older than a few months).
   • Income Proof (for trading in derivatives): Bank statement for the last 6 months, salary slip, or IT Return.
   • Bank Account Proof: A cancelled cheque or bank statement showing your account number and IFSC code.
   • Signature Proof: A scanned copy of your signature.
   • Passport Size Photographs: Recent photographs.
6. In-Person Verification (IPV): Depending on the regulatory requirements and Mirae Asset Sharekhan's internal process, you might need to complete an In-Person Verification. 
7. E-sign the Application: You will need to e-sign your application form using Aadhaar OTP or other digital signature methods.
8. Account Verification and Activation: After you submit the application and documents, Mirae Asset Sharekhan will verify the details. Once verified, your demat and trading account will be opened and activated.
9. Receive Welcome Kit: You will receive a welcome kit via email or post containing your account details, login credentials, and information on how to access their trading platforms (website, mobile app, desktop terminal).
10. Fund Your Account: Once your account is active, you can transfer funds from your linked bank account to your trading account to start investing and trading.

Method 2: Offline Account Opening

1. Visit a Branch: Locate the nearest Mirae Asset Sharekhan branch. You can usually find branch details on their website.
2. Collect Application Form: Obtain a physical demat account opening form from the branch.
3. Fill the Form: Fill out the application form accurately and completely.
4. Attach Documents: Attach self-attested copies of all the required documents mentioned in the online process (Identity Proof, Address Proof, Income Proof, Bank Account Proof, Photographs). Remember to carry the original documents for verification.
5. In-Person Verification (IPV): Complete the In-Person Verification process at the branch with a Mirae Asset Sharekhan representative.
6. Submit the Form: Submit the filled form along with the attached documents to the branch.
7. Verification and Activation: The branch will process your application and documents. After verification, your demat and trading account will be opened and activated.
8. Receive Welcome Kit: You will receive a welcome kit with your account details and login information.
9. Fund Your Account: Once the account is active, you can add funds to begin trading or investing.

Opening a demat account is the first step to start your investment journey in the stock market. Choose the method that is most convenient for you and follow the steps carefully.

Documents List

- A scanned copy of your PAN card,
- A scanned copy of Aadhar Card,
- Cancelled Cheque/Bank statement to link your bank account,
- A scanned copy of your signatures - Income Proof (Only required if you wish to trade in Futures & Options).

Additional terms and conditions

- You must have an active mobile number linked with your Aadhaar card. This is to complete the eSign process which requires OTP verification. 
- Make sure that the bank statement you are uploading has your Name and Account number, IFSC and MICR code printed on it. If these are not clearly visible, then your application may be rejected.
- The cheque must have your name clearly inscribed on it along with IFSC Code and bank account number.
- Signature should be done with a pen on blank paper and should be clearly visible. Use of pencils, sketch pens or markers will get your application rejected.
- You can submit any of the following documents as income proof:
Form-16,
Latest 6-month Bank statement,
Latest salary slip,
Networth certificate from a CA,
Income Tax Return Acknowledgment.