How to Open a Demat Account in Motilal Oswal?

If you want to start investing in the stock market, the first step is to open a Demat account. A Demat account is like a digital locker where all your shares and securities are stored safely in electronic form. Motilal Oswal is a popular and trusted broker in India that offers an easy and quick way to open this account. In this blog, you'll learn how to open a Demat account in Motilal Oswal.

What is a Demat Account in Motilal Oswal?

A Demat account (Dematerialised account) is where your shares are stored in digital form. Long ago, when people bought shares, they got paper certificates. Now, with a Demat account, everything is kept safe online, no more worry about losing papers.

For example, let’s say you buy 10 shares of Tata Motors. Instead of getting paper certificates, those shares sit safely in your Demat account, just like your photos stay safe in your phone gallery.

Documents Needed to Open a Demat Account

Here’s what you need. Keep these ready to avoid delays:

Document	Example
ID Proof	PAN card (mandatory)
Address proof	Aadhaar, Voter ID, Passport, or Driving License
Bank proof	Cancelled cheque or latest bank statement
Photo	Passport-size photo

Note: Make sure your mobile number is linked to your Aadhaar. You’ll need it for OTP verification.

Who Can Open a Motilal Oswal Demat Account?

You can open a Motilal Oswal Demat account if:

• You are 18 years or older
• You are an Indian citizen with valid documents
• You are an NRI (Non-Resident Indian) (extra documents needed)

Whether you’re a student, a housewife, or a retired person, you can open one. It’s for anyone who wants to start investing safely and easily.

Steps to  Open a Demat Account in Motilal Oswal

Here are the steps to open a demat account in Motilal Oswal:

1. Open the Motilal Oswal app.

2. Tap on the “Open a free demat account”.

3. Enter your “Full name” and “Mobile number”, and then tap the “confirm” button.

4. Enter the “OTP”.

5. Select the “Google ID”.

6. Enter your “PAN card number” and “DOB” and tap on “proceed”.

7. Choose the bank account verification.

8. Tap on the “proceed” button.

9. Tap on the “yes” and then tap on the “proceed” button.

10. Select all your “personal details” and “additional details” and tap on the “proceed” button.

11. Now it's your choice, you want to “add fund or “skip”.

12. Do an “e-signature” and tap on the “proceed” button.

13. Take your photo.

14. Select your income proof if you want, then upload, and if not, then skip.

15. Now tap on the “Proceed to Aadhaar E-sign”.

16. Enter your “Aadhaar Number”, and tap on the “box”.

17. Enter the “OTP” and then tap the “perform e-signature”.

18. Your account is created, now you can trade by tapping into trade, but you need to log in first for trading.

Benefits of a Motilal Oswal Demat Account

Here’s why many people choose Motilal Oswal for their Demat account:

• Free research reports: You get detailed reports that tell you which shares may do well. This helps you decide what to buy or sell, even if you’re new to the stock market.

• Easy-to-use app and website: The app and website are simple. You can buy or sell shares, check your investments, or read reports easily on your phone or computer.

• No hidden charges: What you see is what you pay. They are clear about their charges, so you don’t get any surprises later.

• Personal advisor support: If you ever feel confused or want help, their advisor team is ready to guide you.

• All investments in one place: You can buy shares, mutual funds, apply for IPOs, and more, without opening different accounts or using different apps.

Conclusion

In Conclusion, opening a Demat account with Motilal Oswal is a smart and simple step for anyone looking to start investing. Their online process is quick, and you get good support and useful tools. Whether you want to invest in companies like Reliance, Tata, or Infosys, or try IPOs, this account is your first step.