Don't have ITR or salary slips? You can still open a Demat account with just PAN + Aadhaar. Here is the complete guide for students, housewives, retirees, and freelancers.
What You Need (Minimum)
- PAN Card - mandatory
- Aadhaar Card - for e-KYC
- Bank account - cancelled cheque/statement
- Signature on white paper
That's it. No salary slip, no ITR, no Form 16.
What You CAN Do Without Income Proof
- Buy and sell stocks (equity delivery)
- Invest in mutual funds
- Apply for IPOs
- Hold ETFs, bonds, NCDs
- Do intraday trading
What You CANNOT Do Without Income Proof
- Futures & Options (F&O) - income proof required by SEBI
- Currency derivatives
- Commodity futures
- Margin trading (MTF)
How It Works
During account opening, you skip the F&O segment. If you want F&O later, upload income proof anytime from account settings - activation in 24 hours.
Income Proof Options (If Needed Later)
- 6-month salary slip
- Latest ITR acknowledgement
- Bank statement (6 months showing regular credits)
- Form 16
- Net worth certificate from CA
Who This Works For
Students (18+)
PAN via school/college. Aadhaar should have mobile linked. Invest pocket money from Rs.500 SIP.
Housewives
If PAN + Aadhaar available, open in your own name. Invest independently.
Senior Citizens / Retirees
Pension counts as income for F&O activation. But for simple equity/mutual funds, not needed.
Freelancers / Gig Workers
Bank statement showing regular income can serve as proof when you want F&O later.
Zerodha Account Without Income Proof
Zerodha lets you open equity account instantly with just PAN + Aadhaar. F&O activation is optional and done later. Click below to start.
