Updated on: 14 Jul, 2020 05:46 PM
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Step 1: Visit incometaxefiling website & log-in to your account by entering your User ID (which is PAN) and Password. After that, click on tab “My Account” & from the drop down menu, select option “e-Verify Return”.

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Step 2: Now you’ll be able to see the list of ITR(s) filed as shown in the screen below. Here click on “e-Verify” button.

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Step 3: Here, from the options, select Option 2. A box will appear & here select “EVC - Through Demat Account Number”.

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Step 4: If your bank account is not prevalidated then a box will automatically appear asking to “Prevalidate your Demat Account”

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Step 5:Fill the required details like Depository Type (CDSL, NSDL), Mobile Number & Email ID. Once you fill all the information, click on “Prevalidate” button.A request will be sent to the depository to validate it.

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Step 6: Afterwards, click on option Enable EVC. Then just click on option - Yes to generate EVC. Enter the EVC which will come on your mobile number which you have provided in your Depository.You're done with it.

Note : If your Demat account is already pre validated then step 4 and 5 are not for you. Just enter the EVC and your return would be e-verified.

You can also refer:

Frequently Asked Questions

Q- Can a demat account be open in trust name?

Ans Yes if trust is registered then demat account can be opened in the name of trust.

Q- How can I change my name in NSDL demat account?

Ans Following documents are required along with the account modification form with annexure B duly signed by the holder whose name is being changed along with the self-attested PAN copy Required Documents:

  • Change of Name Application From
  • KYC Form
  • Copy of New Name Pan Card
  • Copy of New Name Address Proof
  • Copy of New Name Bank Details (Cancelled Cheque)

Q- Can I have joint demat account?

Ans Yes u can have joint demat account along with two joint holders as demat account can have maximum three account holders i.e. one main holder and two joint holders.

Q- How do you share a demat joint?

Ans First open demat account in joint name then submit the share certificates to broker for dematerialisation then transfer shares from joint holder account to single holder account though Delivery Instruction Slip Book (DIS Book)

Q- Can a company open a demat account?

Ans Yes they can open following demat accounts in India: Resident Individuals Demat Account.or NRI Demat Account

Q- Can a minor have a demat account?

Ans Yes minor can have a demat account but it is operated by guardian till minor becomes major.

Q- Can private limited company open demat account?

Yes. Private Company can open DEMAT Account .Ensure that Private Company’s MOA & AOA support such activity and it complies with RBI regulations.

Q- How do I know what my Demat account type is?

Ans. If Demat Account number starts with alphabets then it is provided by NSDL If your demat account number starts with Numeric then it is provided by CDSL.

Q- How can I open a demat account through online?

Ans First select the Depository Participant you want to demat account with and fill the opening form along with copies of the required documents and a passport-sized photograph.

Q- What documents do we need to have to open a demat account?

Ans Documents required to open a demat account

  • 1. Proof of Identity (Eg.: Driving license)
  • 2. Proof of Address (Eg.: Passport)
  • 3. Proof of Income(Eg.: Copy of ITR Acknowledgement)
  • 4. Proof of Bank Account (Eg.: Cancelled cheque)
  • 5. PAN Card.

Q- How much would it cost to open a Demat account?

Ans Most banks allow investors to open demat account free of cost but Stock broking companies charge an account opening fee.which ranges from 250 to 750.