🏦 How to Open an Axis Bank Demat Account: A Complete Guide
Axis Bank provides two convenient options for opening a Demat account — through a quick online process or via the traditional offline route. Here’s a step-by-step overview of both methods:
✅ Online Application Process (via Axis Direct)
Axis Bank’s online Demat account service is offered through Axis Direct, making it easy to get started from the comfort of your home.
Steps to Open an Account Online:
- Visit the Axis Direct Website
Go to: digitalaccount.axisdirect.in - Enter Your Details
Fill in your name, mobile number, and email address. - Verify with OTP
You’ll receive a One-Time Password (OTP) on your mobile number to verify your identity. - Provide PAN & Date of Birth
This helps fetch your KYC information. - Enter Bank & Personal Information
Add your address, bank account number, and IFSC code. - Upload Required Documents:
- PAN Card
- Address Proof (Aadhaar, Passport, Voter ID, etc.)
- Bank Proof (Personalized cheque or bank statement)
- Live Photo
- Complete In-Person Verification (IPV)
This is done through your device camera (webcam or mobile). - E-sign the Form
Use your Aadhaar-linked mobile number to complete the e-signature. - Make the Payment
Pay any applicable account opening fees (if any).
⏱️ The process takes around 15–20 minutes.
✍️ Offline Application Process
If you prefer submitting a physical form, you can choose the offline mode.
Steps to Open an Account Offline:
- Download the Application Form
Access it here: Download Demat Form (PDF) - Fill Out the Form
Provide accurate details as requested in the form. - Attach Self-Attested Documents:
- PAN Card (Mandatory)
- Address Proof (Utility bill, Aadhaar, Passport, etc.)
- Identity Proof (Driving License, Passport, etc.)
- Bank Proof (Cancelled cheque or bank statement)
- Visit the Nearest Axis Bank Branch
Submit the completed form along with documents. - Verification by Bank Officials
Your application and documents will be reviewed before approval.
📌 Documents Required
Whether applying online or offline, you’ll need the following:
- Mandatory Documents:
- PAN Card
- Address Proof
- Bank Proof
- Live Photo (only for online)
- Optional (Based on Usage):
- Proof of income (if trading in derivatives)
- Nominee details (if you wish to add a nominee)
💡 Useful Tips
- Link with Existing Axis Account:
If you already have an Axis Bank savings account, you can link it for smooth fund transfers. - Types of Accounts:
Choose between an individual or joint Demat account, based on your need. - Charges:
Be aware of annual maintenance fees, brokerage, and transaction charges.
