How to Open Demat Account: The Complete Guide to SMC eKYC Login Process

In today’s digital world, everything is at the tips of your fingers, from ordering food online to recharging your mobile wallet. Similarly, investing or trading in the stock market has also become simpler and easier with a Demat account. It is like a bank locker that keeps your share certificates secure and handy. This account works as a storage and settlement system for your investments, making buying and selling shares easy in a few clicks.

Wanted to take the first step in your investment journey, but still not clear how to open Demat account? Read this blog and find out the hassle-free process of opening Demat account with SMC.

Steps to Open Demat Account in the SMC ACE App

Here is the detailed step-by-step guide to open free Demat Account with SMC Global Securities:

Step 1: Install the SMC ACE App

The first step is to install the SMC ACE mobile application from the Play Store or App Store. To safeguard yourself from any fraudulent practices, always download the app from the official app store or the SMC official website.

Step 2: Mobile Number and Email ID Verification

After downloading the same, enter your mobile number and email ID for verification. Fill in the OTP received on your mobile number and click “Confirm OTP.” You need to enter separate OTPs for both mobile and email ID verification.

Step 3: Do the PAN Verification Process

You will be redirected to the PAN verification page, where you have to fill in your PAN card number and date of birth (DOB), and click “Confirm.”

Step 4: Provide Your Occupation and Income Details

In the personal information section, you have to select the checkboxes of occupation, trading experience years, annual income, marital status, and education level.

For identification, enter your mother’s name and father’s name, and tick the other mandatory declarations boxes. After analyzing these details, the SMC ACE App will curate personalized investment opportunities to help you meet your financial objectives.

Step 5: Add Your Bank Account Details

It is mandatory to link your bank account with your Demat account to transfer funds at the time of buying and selling. You can either choose instant verification through UPI or manually upload the bank statement.

Step 6: Click Your Photo

You need to click your photo, and for this, you have to provide access to the camera. This photo verification is done instantly.

Step 7: Add Nominee Details

Enter your nominee details, who is to be the legal heir of your investments held in the Demat account. A nominee is an individual designated to receive the assets held in the account if the Demat account holder dies.

Step 8: Complete with e-Sign

For completing the eKYC process, you can go with eSign by extracting the document from Digilocker. You can either choose to sign in on the screen or upload the signature image.

Lastly, if you want to opt for trading in the F&O segment, then you need to provide income proof by uploading the last 6 months’ bank account statements. After this, your eKYC process is complete, and you can opt to digitally sign your documents required for KYC.

Finally, you will get your Demat account credential details on the registered email ID and mobile number in the next few minutes or an hour.

Documents Required to Open Demat Account

Before starting the Demat account opening process, keep these documents handy with you:

• Aadhaar Card
• PAN Card
• Bank Account Statement/ Passbook/ Cheque Leaf

Benefits of Opening Demat Account with SMC

By opening a Demat account with SMC, you enter the world of a smarter and more seamless investing experience. Whether you are a beginner or an experienced trader, SMC offers tools and features that help you make confident and informed decisions. Here are some of the key benefits and features of an SMC Demat account that you need to know:

1. Zero Account Maintenance Charges

By opening Demat account with SMC, you can stay stress-free from paying any account maintenance charges. AMC is the fee charged by the stockbrokers to manage and cover the costs of handling your Demat account.

2. Up to 4X Leverage with Margin Trading

With SMC’s Margin Trading Facility (MTF), you can trade with up to 4 times your available funds. For example, if you have ₹20,000 in your account, you can buy shares worth ₹80,000. This increases your buying power and helps you take advantage of market opportunities by borrowing funds from the stockbroker.

3. Free Expert Research & Recommendations

With an SMC Demat account, you will get access to research-based stock and options trading calls from market experts. You will also receive other insights via webinars, which can help you prepare short-term trading or long-term investment strategies.

4. Free Algo Trading APIs

SMC provides free algo trading APIs that help you automate, test, and execute trades by creating your own customized trading strategies.

5. Powerful Charting Tools

You will get access to advanced charting tools that help you make data-driven trading decisions and spot market opportunities. These tools help you get detailed insight into stock performance by applying technical indicators of your choice.

6. In-Depth Stock Insights

With the Script Overview feature, you get a complete view of any stock, including performance metrics, news updates, and both technical and fundamental analysis. It covers everything you need to make informed choices across stocks and mutual funds.

7. Option Chain Analysis Tool

The Option Chain Analysis tool helps in simplifying your derivatives trading experience by providing insight into strike prices, premiums, and OI levels on a single tab.

8. Real-Time Market Sentiment with Market Mojo

The Market Mojo Widget keeps you updated with live market sentiment. This will help you spot trends faster and make decisions with confidence using real-time insights.

About SMC ACE App

SMC Global Securities, incorporated in 1990, is an integrated financial services company and brokerage house. It offers a one-stop solution to trade and invest in stocks, ETFs, mutual funds, and F&O. Its SMC ACE App is an easy-to-use and feature-rich mobile application for trading and investing made for both beginners and experienced investors. Whether you are a trader looking to seek real-time data or an investor looking for fundamental takes on markets, all is available on the SMC ACE App.

Frequently Asked Questions – FAQs

1. How to open Demat account?

To open a Demat account, begin by verifying your mobile number, then provide your Aadhaar and PAN card details. Finally, complete the process by e-signing the required documents.

2. Can I open my Demat account online?

Yes, you can open a Demat account online by verifying your mobile number via OTP, uploading the required documents, capturing your photo, and completing the e-KYC process.

3. How to open free Demat account​?

To open a free Demat account, start with OTP verification and complete the e-KYC process using your Aadhaar and PAN details.

4. What is the SMC eKYC process?

The SMC eKYC process involves submitting your Aadhaar, PAN, and bank account details, followed by e-signing your documents to complete verification.

Author: All Content is verified by SMC Global Securities.