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Dhan is a newbie in the stock market, established a year ago in 2021.

However, to everyone’s surprise, this year, it has made a mark in the broking industry with its innovative ideas and products at very reasonable brokerage charges.

In this article, you will read about Demat offerings and how you can open a Demat account with Dhan.

Apart from that, the article will help you understand the different features of the Demat account offered by Dhan and many other crucial details.

Dhan Demat Account

Dhan is one of the Top Demat Account service providers with a discount brokerage house that offers all the Demat and trading services sought by investors and traders. The brokerage house has been providing multiple Demat and trading services at very reasonable costs.

DhanThe brokerage house includes high-quality research and advisory, multiple investment options, great customer support, and much more.

The Demat account of Dhan that you open will be with CDSL, one of the most popular depositories in the country. It offers a high level of security to your holdings in the account.

Even in just one year of operations, Dhan has expanded to 18+ regions with their branches and offered multiple investment services. Dhan Demat’s account can also be used for margin trading.

Features of the Dhan Demat Account

  • Dhan Demat’s account can be opened for no cost. There is no account opening charges, no annual maintenance charges, and no other charges.
  • The brokerage charges are quite low as well. You can trade all the segments for maximum brokerage charges of Rs. 20 per order.
  • While the maximum brokerage per order is Rs. 20, it can be lower than that as well at 0.03% of the transaction/ order value.
  • Being a discount brokerage house, Dhan Demat’s account offerings are way cheaper than other traditional brokerage houses.
  • With a Dhan Demat account, you get free annual maintenance as long as you keep the account.
  • Opening a Dhan account is pretty simple as well, we will discuss this in the later section of the article.
  • Eager to know more about Dhan, we have compiled every aspect of your interest in our Dhan Review section.

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    How to Open Dhan Demat Account?

    The procedure to open a Dhan account is pretty simple. All you need to do is to follow these steps, which are mentioned below –

    1. You have to click on this button “Open Demat Account.”
    2. Fill up that pop-up form that appears on the screen of your device.
    3. Upon successfully receiving the form, the Dhan team will call you and ask for details and documents to complete the e-KYC process.
    4. You must submit the documents for the KYC process – PAN, AADHAAR, Bank Account statement, Income Proof, and Photograph.
    5. You must provide your bank details, like your account number and the IFSC code.
    6. Upon successful verification of the documents and the details provided by you, your KYC will be completed.
    7. You will receive a call from Dhan executives once you complete these two steps.
    8. They will verify your details and guide you about the rest of the procedure.
    9. Once the verification is done, you will receive the welcome mail from the broker with your login credentials for your Demat and trading account.
    10. Then you can start using the accounts by downloading the trading platforms.

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    Dhan Demat Account Charges

    Dhan Demat Charges
    Trading Charges [One Time] Rs 0
    Trading AMC [Yearly] Rs 0
    Demat Charges [One Time] Rs 0
    Demat AMC [Yearly] Rs 0
    Margin Money Not required
    Dematerialization Available Yes

    As you can see in the table above, there are no charges for opening a Demat account with Dhan. You can open it without paying any hefty fees. However, the best part is that there are no annual maintenance charges.

    You do not need to pay any other charges for the trading account. It comes along with the Demat account.

    Dhan AMC or Annual Maintenance Charges

    Dhan Demat account can be maintained for as long as you want without paying a penny.

    As you can see in the table above, there are no annual maintenance charges for the Demat account and trading account offered by Dhan.

    You can open it for free and also use it for free as long as you want. The only charge that this brokerage house charge is the brokerage fee which is also highly reasonable.

    Have a look at Dhan Brokerage Charges for more details.

    Dhan Trading Account

    The trading account of Dhan comes along with the Demat account. A trading account is automatically opened when you open a Demat account with Dhan.

    Dhan trading account offers high leverage for intraday traders. With this trading account, you can avail yourself up to 5 times leverage/ exposure in the intraday segment.

    The trading account is fast and reliable. At the same time, you can assess multiple investment reports, annual reports, and other research reports on the market using your Trading account of Dhan.

    There are daily, weekly and monthly reports, all of which are free of cost. Dhan also offers PMS, robo advisory services, and a lot more with its trading account.

    Apart from that, there are trading facilities across all the investment segments like equity, derivatives, currencies, commodities, and many others. It offers trading platforms across all devices.

    There is Dhan mobile app, Options trading app – Option Trader, Smallcase, Dhan HQ, and much more.

    Dhan Demat Account – Conclusion

    To conclude, we can say that with just a year of experience in hand, Dhan has been doing good by offering one of the top Demat and trading services/ facilities to the traders and investors.

    If you are looking for a reliable, discount brokerage house at a pocket-friendly cost, Dhan can fit the requirement perfectly.

    It not only offers basic trading and Demat services but high-quality research services and trading tools, making it popular amongst traders and investors.

    Dhan Demat Account FAQs

    Here is the list of FAQs related to the Dhan Demat Account:

    How can I open Dhan Demat Account?

    To open a Dhan Demat account, you need to fill out this form, and then upload the documents which are asked by the Dhan team.

    Then they will verify all the documents and the details, and once your KYC is completed, your account will be live, and the login credentials will be shared with you.

    Is Dhan Demat Free?

    Yes, Dhan offers a completely free-of-cost Demat account. There are no opening account charges for this Demat account or annual maintenance charges.

    What are Dhan Demat Charges?

    The Dhan Demat account comes free of cost. You do not have to pay any charges for opening or maintaining the account. You can use it as long as you want, and there won’t be any cost you have to bear.

    Is AMC levied on Dhan Demat?

    AMC, which stands for annual maintenance charges, is not levied on the Dhan Demat account. There are no such charges that you have to pay annually for maintaining the account.

    You can use it as long as you want, and the maintenance will be done free of cost from the broker.

    Is Dhan’s Demat Account the best?

    Yes, the Dhan Demat account can be regarded as one of the best Demat accounts in the market at present.

    It offers multiple investment options, high-quality research reports, services, and many other facilities. Multiple offers on the Demat account can bring down the cost of trading or investments.

    Does Dhan provide Demat a/c?

    Yes, Dhan offers a Demat account that you can use for holding all your securities. It is associated with the CDSL depository. You can open the account for no charges.

    What Documents are required for Dhan’s Demat?

    The documents you should have to produce for opening the Dhan Demat account are –

    • PAN
    • Bank Statement – Account Number – IFSC code and a canceled cheque
    • Income Proof
    • Photograph
    • Other Id and address proof as required

    Is Aadhaar Compulsory to Open Dhan Demat?

    Yes, producing AADHAAR for opening a Demat account with Dhan is compulsory. As this document is the most legitimate identification proof, you must submit the same to open the account.

    It is also necessary as Dhan does an e-KYC, and it can only be done when you produce the AADHAAR, as the one-time password is sent to the number linked to the AADHAAR, which is required for verification.

    Is PAN required for Opening Dhan Account?

    Yes, Pan is mandatory as it helps the government and IT department track all your financial transactions/ investments.

    Even if you have multiple Demat accounts, your PAN should be the same to let the government have a thorough knowledge of all transactions. It is mainly done to avoid fraudulent activities and money laundering.

    Do they Charge the Demat Account opening Fee?

    No, Dhan doesn’t charge any Demat account opening fee. You can open a Dhan Demat account for zero charges.

    What is the holding amount in Dhan?

    A holding Amount is not a monetary amount but the duration for which an investor holds an asset. This is the time between purchasing and selling the asset for which it is held in the Demat account.

    Is the Demat account and trading account the same in Dhan?

    Dhan offers a Demat account and trading account, but they are different. A Demat account is where all the securities are held that you purchase using the Trading account.

    So, a trading account is used to buy and sell securities. The purpose of both the accounts is different and used for different reasons, and together they complete a whole share transaction.

    What is Margin in Dhan?

    Margin is the Amount you must keep in your trading account to trade. Dhan has no minimum margin requirement, which greatly benefits the traders and investors using the Dhan Demat account.

    Can we delete the Dhan account?

    Yes, you can delete the Demat account you opened with Dhan if you are not using it or in case the account holder has died.

    If you are the holder, you must fill out the account closure form and transfer all the holdings before closing.

    If you are a legal heir or nominee in the case of the deceased account holder, you must take transmission of the holdings in your name and then close the account.

    In how much time has the Demat account been opened in Dhan One?

    It takes hardly any time to open a Demat account with Dhan. You can have your account opened in less than 24-48 hours.

    How many days can we hold margin shares in Dhan?

    You can hold margin shares as long as you need them. If you have exited the position, then you unpledged the shares immediately.

    What is the Pledging of shares in Dhan?

    SEBI introduced Pledging of shares, and Dhan offers the same to its clientele. It means you can take a loan against your holdings in the Demat account and use the money you can trade.

    You pledge the securities in the Demat account to trade or invest in more securities.

    What is a haircut in Dhan?

    The difference between the asset’s market value and the limit investor will receive against the collateral is Haircut in Dhan.

    Is Email address a mandatory requirement for opening an account at Dhan One?

    Yes, a valid email id is required to process your Demat account opening application.

    All information and login credentials are sent to this registered email id, and all communications are also done through email in the first place.

    What is the margin shortfall in Dhan?

    Margin Shortfall is the upfront sum required to be deposited to restart trading. This happens when the Amount you have in the trading account falls below the minimum required margin.

    However, Dhan has no minimum margin requirement.

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