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IDBI Demat Account

Opening a demat account is very simple. The customer care services are present for 24*7 to help the customers of the bank.

Anybody that is willing to open an IDBI demat account will have to follow the mentioned steps:

  • The customer should collect, fill up and submit the application form.
  • The necessary documents should be submitted along with the form.
  • The customer then should execute the agreement as stated by the NSDL.
  • The bank authorities will obtain the exact fee schedule from the customer.
  • The customer can even open a savings account for easy fund transfers.

The documents required to be submitted with the application form of IDBI demat account are:

  • Demat account opening form, individuals form, corporate form which ever needed should be filled properly.
  • Photocopies of passport, pan card for identity proof.
  • Photocopies of passport, pan card, voter’s ID card for residence proof.
  • A photograph to be posted on the form and signature should be made across the photograph.
  • Details of the bank account which is to be joined with the demat account.
  • Request of delivery instruction booklet.

The main features of the IDBI demat account are:

  • Access of the account through internet and phone.
  • Affordable fees.
  • Latest statements and updates by emails.
  • Online and fast execution of transactions.
  • Valuation of the portfolio on the statements of the account.
  • Updates of transaction for four times a day.
  • Service at all the branches.
  • Different types of account like, ordinary resident, NRI repatriable, NRI non repatriable, HUF and many more.