• Register on the official website of Prabhat Finance by providing your name, email address, and phone number. Alternatively, you can also contact us to get the best offers for a Demat account in Prabhat Finance.
• After details are submitted to Prabhat Finance, a representative will call you to assist in opening your Demat and trading account.
• You need to download the required forms, sign them, and courier them back to Prabhat Finance.
• You also need to provide documents for identity such as Aadhaar Card, pan card, etc. Also, documents for address proof and income proofs are required, such as Bank Statement, Cancelled cheque, etc.
• The best part is that you will be entirely guided by the representative who handles your account opening process. After completing the Demat account opening process, you will receive a username and password (over email and SMS) to login to Prabhat Finance trading platforms.

Prabhat Finance charges an account opening fee of Rs.100 in general for opening a Demat and a trading account. Please note that account opening charges can differ depending on the asset class. A Demat account is technically different from a trading account. Many people don't quite understand the difference. Prabhat Finance Demat account holds the investments, while the trading account enables you to buy and sell shares. So, a Demat account is almost always accompanied by a trading account. Some banks provide a 3 in 1 account, a combo of a savings account, trading account, and Demat account.

The other import charge related to the Prabhat Finance Demat account is the Demat AMC charge. Demat AMC charge refers to the annual maintenance charge that you need to pay for maintenances of the Demat account. Prabhat Finance charges Free as Demat AMC charge.

A trading AMC charge is a separate charge from a Demat account AMC charge and refers to the annual maintenance charge you pay to maintain your trading account at Prabhat Finance. Prabhat Finance charges Rs.299 per Annum as trading AMC charge.

Prabhat Finance Demat account is maintained at CDSL & NSDL. By depository, we mean a financial institution that holds your certificates and securities. Prabhat Finance is a depository participant, or in other words, an agent of the depository. Prabhat Finance charges Demat AMC from you and pays it back to the depository source.

Prabhat Finance Demat account can be one of the three types

• Regular Demat Account : This is for people who are Indian citizens residing in India.
• Repatriable Demat Account : This is for Non-Resident Indians, also referred to as NRIs. A repatriable Demat Account has to be linked to an NRE bank account.
• Non-Repatriable Demat Account : This is similar to repatriable Demat Account as it is also applicable for NRIs. However, the difference is that funds cannot be transferred abroad and it has to be linked to an NRO bank account.

Prabhat Finance charges Rs.100 for trading and Demat account opening. There seems to be confusion regarding Demat account opening charges. A depository participant such as Prabhat Finance combines both the Demat account and trading account charges into a single charge called account opening charge. Even if the Demat account is free, you need to pay a small amount to open a trading and Demat account together in Prabhat Finance.

Prabhat Finance Demat account requires documents such as an Aadhaar card, pan card for identity proof. You also need to submit documents for address proof and income proof. So it's good to keep documents such as bank statements, a canceled cheque ready. Apart from documents, you might need to provide passport size photographs.

Yes, the Aadhaar card is one of the most important documents which serves as identity proof for Prabhat Finance Demat account. You might need to sign the Aadhaar card digitally.

Yes, a pan card is mandatory for opening Prabhat Finance Demat account. SEBI enforces this. Whether you plan for a small or big investment, you are bound to provide a pan card for opening Prabhat Finance Demat account.