Why choose a Demat account

Your Muthoot FinCorp Demat Account provides you with a multitude of benefits

  • Save Tax:
    No TDS for NCD holding in Demat Account.
  • Comfort & Security:
    Safe and convenient way to hold on to your shares, debentures, and more.
  • Convert to Physical:
    A choice to hold your shares in the physical form if required.
  • Device Agnostic:
    With a centralized e-account, multiple access options open up automatically.
  • Prompt Transfer:
    It allows for immediate transfer of your debentures/securities.
  • Automatic Credit:
    Your allotted bonus/right shares are credited into your account.
  • Easy Trading:
    Buying and selling financial instruments is now simple and seamless.
  • Minimal Documentation:
    Open a Demat Account easily with little documentation involved.
  • Secure your loans:
    You can pledge your financial instruments as collateral for a loan.
  • Cost-Effectiveness:
    Lower transaction costs when compared to physical transactions.

Steps to open a Demat account

  • step 1

    Visit our website and click on 'Open Demat Account'

  • step 2

    Enter the mobile number & email ID and proceed

  • step 3

    Complete the EKYC & add personal details

  • step 4

    After verification, Demat account activated

Muthoot Demat Account Benefits

  • Risk-Free Trading

    No risk of losing or misplacing physical certificates.

  • End-to-end Digital Process

    From account opening to viewing statements, all information is available online.

  • Amplify your Knowledge

    Whether mutual funds or gold traded shares, track all your investments from a single account.

Contact Us

Escalation Matrix

Details of

Contact Person

Address

Contact No

Email Id

Client Servicing

Mobin Mohan

Muthoot Fincorp, Poothoppil building, Punnen road, trivandrum - 001

0471 4083249

mobin.km@muthoot.com

Head of Client Servicing

Ramesh R

Muthoot Fincorp, Poothoppil building, Punnen road, trivandrum - 001

0471 4083236

ramesh.r@muthoot.com

Alternative Compliance Officer

Hariharan K

Muthoot Fincorp, Poothoppil building, Punnen road, trivandrum - 001

0471 4083221

k.hariharan@muthoot.com

Compliance Officer

Ajay Kanal

Muthoot Fincorp, Muthoot Centre, Punnen road, trivandrum - 001

0471 4911622

ajay.k@muthoot.com

We are part of Muthoot Blue

The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth, spanning decades in the field of business, is a legacy built on our Core Values. With trust as the bedrock, Group’s core values are Integrity, Collaboration and Excellence which has led us to become one of the top business houses of india today.

  • Over 4,200 Branches across India

  • 134+ years of legacy

  • Over 24,000 employees serving millions of customer

  • Walk in of over 1,00,000 customers per day

Frequently Asked Questions

A Demat account is an account that holds financial securities in electronic form. In India, Demat accounts are maintained by two depository organisations, CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited). There are 3 types of Demat account:

  • Regular Demat Account: For the investors/traders who reside within India.
  • Repatriable Demat Account: For the NRIs. Funds can be transferred abroad. It requires an associated NRE bank account.
  • Non-Repatriable Demat Account: For the NRIs. The fund cannot be transferred abroad. It requires an associated NRO bank account.

A Demat account helps to keep your equity investments, your mutual fund units, bonds, and other financial assets safe and secure in an online electronic environment. Here’s a quick look at some of the other uses of a Demat account:

  • Enables easy and quick share transfers.
  • Highly secure storage with zero risks.
  • Can be accessed at any time from anywhere through the internet.
  • Very little paperwork involved.

The documents for the Demat account opening that you need to submit is minimal. Here’s the list.

  • Duly filled Demat account opening application form.
  • Duly filled KYC application form.
  • A passport-sized photograph.
  • A photocopy of your PAN card.
  • A photocopy of your proof of identity & address, which can be any one of the following. (Aadhaar Card, Voter’s ID, Passport or Driving license)
  • Your account proof (Cancelled copy of name printed cheque leaf/ recent bank statement/ passbook copy with name IFSC and account no printed in it)

Opening an online Demat account with Muthoot FinCorp is very easy:

  • Visit our website.
  • Click on 'Open Demat Account'.
  • Enter the mobile number and submit the OTP you received.
  • Enter the email ID and proceed.
  • Complete the EKYC (Upload all necessary documents like PAN Card, Aadhar Card, Bank Details etc.)
  • Add personal details.
  • After verification, perform e-sign in.
  • Demat account activated.

Yes, a Demat account can be opened in single or joint names. However, a Demat account can have a maximum of three account holders -

  • 1 main holder
  • 2 joint holders.

The key difference between a Demat and a Trading account is that a Demat account is used to hold your securities, such as your share certificates and other documents in electronic format. In contrast, a Trading account is used for buying and selling these securities in the stock market. The combination of Trading, Demat and savings account is known as a 3-in-1 account in the stock market.

For any information or grievance redressal, please write to: wealth@muthoot.com

Reg. Address: Muthoot FinCorp Ltd, Muthoot Centre, Punnen Road, Trivandrum-695039

License Number: IN-DP-409-2019