![Top 3 Difference between Demat & Trading Account [Must Know]](https://aliceblueonline.com/antiq/wp-content/uploads/2022/06/demat-vs-trading-account-1.png)
Aadhar Card
An aadhar card is necessary for identity verification and KYC purposes. It is a 12-digit unique number issued by the UIDAI (Unique Identification Authority of India).
PAN Card
A PAN card is also required for identity verification and KYC purposes. It is a 10-digit alphanumeric number issued by the Income Tax Department of India.
Bank Statement
A bank statement is required to link your bank account with the Trading account. This document will transfer funds to the account for investment purposes.
Income Proof
Income proof is required to show your income level and tax bracket. This helps the brokerages to understand your financial situation and recommend investments accordingly.
How To Transfer Shares To A Zero Brokerage Demat Account.
Offline Method
The offline method to transfer shares to a Upstox Demat account is by submitting the physical share certificates and a duly filled transfer deed at your nearest branch office. The documents required are as follows:
-Share certificates in original
-A properly filled and signed transfer form or request letter
-A canceled cheque leaf of the bank account linked to your Demat account
The advantage of this method is that it is free of cost. However, the disadvantage is that it takes longer for the shares to get transferred into your account, which could be up to 2 weeks.
Online Method
The online method to transfer shares to a Upstox Demat account is by submitting the following documents electronically:
-A scanned copy of the share certificate(s)
-A scanned copy of the completed and signed transfer form or request letter
Once these documents have been submitted, Zerodha will process the request and the shares will be transferred into your account within 3 working days. The advantage of this method is that it is faster than the offline method. However, there is a charge of Rs 50 + GST per scrip for this service.
Conclusion
A zero brokerage Demat account is a great way to save on costs when trading in shares. There are several ways to open a zero brokerage Demat account, but the most popular ones are Zerodha, Upstox, and 5Paisa. The documents required to open a zero brokerage Demat account are Aadhar Card, PAN Card, Bank Statement, and Income Proof. You can use the offline or online method to transfer shares to a zero brokerage Demat account.
Dawit
