If you are going to start investing in the stock market, then the first step in your investment and trading is to open a demat account. In this, all your securities (stocks, bonds, mutual funds, etc.) are kept in a single integrated electronic format. It is very important for a new investor to understand the necessary conditions and eligibility criteria for a demat account. Opening a demat account has its own terms and conditions.

Who is eligible to open a Demat account

According to Groww, individual retail investors aged 18 years or above can open this account. Minors with PAN card can also open a demat account under the supervision of a guardian. Apart from this, Non-Resident Indians (NRIs), (HUF), Partnership Firms, Limited Liability Partnerships (LLP), Public Limited Companies, Private Limited Companies, Trusts, Societies can open demat accounts.

Which documents will be required

PAN Card (Mandatory)

For NRIs, Portfolio Investment Scheme (PIS) permission letter from Reserve Bank of India is required, and the demat account must be linked to an NRE/NRO bank account.
For companies, Certificate of Incorporation, Memorandum of Association (MOA), and Articles of Association (AOA) are required.

• Voter ID
• Driving License
• Passport
• Aadhar Card
• Any valid identity card issued by the Central or State Government
• Voter ID Card
• Driving License
• Aadhar Card
• Passport
• Ration Card
• Bank Account Statement or Passbook
• Utility Bill (Electricity, Water, Gas or Telephone)
• Last 6 months bank account statement
• Current salary slip/Form 16
• Copy of ITR receipt
• Demat holdings details
• Net-worth certificate
• Cancelled cheque or bank passbook for bank account proof.

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Hence the name of this special service was given as Doorstep Banking Service. However, this facility is not available to everyone and one has to apply for it. Also, some fee has to be deposited as well. Senior citizens, differently-abled, suffering from dangerous diseases, blind, account holders with KYC registration, single or joint account holders and people living within 5 km radius of a bank branch can apply for this service.

SBI has told in a tweet that 3 doorstep banking facility will be given to the disabled customers in a month. A video related to this has also been released in the tweet, with the help of which customers will be able to know about this service easily.

What is Doorstep Banking Service

1. How to take advantage of this service on YONO App
2. Open SBI YONO App
3. Now go to Service Request Menu
4. Select Doorstep Banking Service
5. Place a request for check pickup, cash pickup or other service

Apply for SBI Doorstep Banking

For this, customers of State Bank of India will have to register. State Bank has given toll numbers for this, on which you can register for doorstep banking by calling. You can register for SBI Doorstep Banking by calling 1800 1037 188 or 1800 1213 721.

These facilities are available in doorstep

SBI offers many facilities in doorstep banking. It is divided into three different categories, such as pickup service, delivery service and other services.

1. cash pickup
2. cash delivery
3. check pickup
4. check receipt slip pickup
5. Form 15H Pickup
6. draft delivery
7. Term Delivery, Advice Delivery and Term Deposit Advice Delivery
8. life certificate pickup
9. KYC document pickup
10. Registration at home branch

what happens in this service

Doorstep banking facility is provided only at the home branch of the bank. In doorstep banking, a maximum deposit of Rs 20,000 and withdrawal can be made only up to Rs 20,000. The service charge is Rs 60 plus GST for non-financial transactions and Rs 100 plus GST for financial services. Withdrawal form including check and passbook can be used to withdraw money

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