What are the Documents Required for Opening an Account with Motilal Oswal?
To open an account with Motilal Oswal, you will typically need to provide documents as part of the account opening process. The documents required may vary depending on the type of account you are opening (e.g., trading account, demat account, or both) and your citizenship status (Indian or NRI).
For Indian Residents (Individual Accounts):
Proof of Identity (Any one of the following)
- Aadhar Card
- Passport
- Voter ID Card
- Driver’s Licence
- PAN Card
Proof of Address (Any one of the following)
- Aadhar Card
- Passport
- Voter ID Card
- Driver’s Licence
- Recent Utility Bill (electricity, water, gas, or landline phone bill)
- Bank Statement (issued within the last 3 months)
- Rent Agreement (if applicable)
PAN Card
A copy of your Permanent Account Number (PAN) card.
Passport-size Photographs
Passport-sized colour photographs.
Bank Account Proof A
Cancelled cheque leaf or bank statement that shows your name, account number, and IFSC code. This is typically required for linking your bank account for fund transfers.
Income Proof
In some cases, Motilal Oswal may require income-proof documents, such as salary slips or income tax returns, to assess your financial eligibility.
For Non-Residential Indians (NRIs)
The document requirements for NRIs may vary, and additional documents may be needed.
Proof of Identity: Passport copy with a valid visa page.
Proof of Address: Any one of the following:
- Overseas Address Proof (utility bill, bank statement, or rental agreement)
- Indian Address Proof (if available)
PAN Card
A copy of your PAN card.
Photographs
Passport-sized colour photographs.
Foreign Bank Account Proof
A copy of a cancelled cheque or bank statement from your NRE or NRO bank account.
Additional KYC Documents
Depending on regulatory requirements and Motilal Oswal’s policies, additional Know Your Customer (KYC) documents may be required for NRIs.