Want to seize the best opportunities in the stock market and build a strong portfolio? The first step is to open a demat account, which securely holds your stocks, bonds, and other securities in digital form. Many believe that this process involves endless paperwork, long wait times, and complex procedures, but that's no longer true. MO Riise by Motilal Oswal, a trusted name in the financial industry for over 35 years, simplifies it.
With the app, the entire demat account opening process can be completed within 15 minutes. Learn how in detail below!
Steps to open a demat account on the MO Riise app in 15 minutes
Visit the Google Play Store or Apple App Store. Type "MO Riise" in the search bar and download the app. Once installed, follow these steps to open your demat account online:
Enter your name and mobile number
Use an active mobile number, as you will get a One-Time Password (OTP) for verification. Enter the OTP to proceed.
Enter personal details
The app will ask for some basic information:
- Marital status
- Education qualification
- Occupation
Provide additional information
You will need to answer a few more questions:
- Income range (e.g., ₹1-5 lakh)
- Investment experience (e.g., 1-2 years)
- Political exposure status (yes or no)
Agree to terms and conditions
Confirm your Indian citizenship and accept the terms and conditions. This step is necessary to comply with regulatory requirements.
Provide a digital signature
Digitally sign the application form using your smartphone or tablet.
Upload a photograph
Submit a clear and latest photo for identity verification. The image should match the one on your Aadhaar card.
Upload income proof (optional)
If you want to trade in Futures Options (FO), upload any one of these documents:
- Last 6 months' bank statement
- Latest salary slip
- Form 16
- Latest Income Tax Return (ITR) acknowledgment
E-sign the KYC form
Complete the digital signature authentication process via eMudhra.
Complete video KYC
Hold your PAN card and Aadhaar card, then record a short video while reading the on-screen statement. Your face should be fully visible.
Verify Aadhaar again
Enter your Aadhaar number and the new OTP received on your mobile number. This step will securely link the Aadhaar to your demat account.
Once the eSign transaction is authenticated, your demat account will be successfully created. You can now begin trading stocks, investing in mutual funds, and applying for Initial Public Offerings (IPOs).
Why MO Riise should be your go-to trading and investing app
More than 40 lakh investors and traders trust the MO Riise app because of the following features:
All-in-one investment platform: Invest in Indian and US stocks, mutual funds, futures options, IPOs, and even bonds from a single app.
Margin trading: Trade four times more than your available funds using the Margin Trading Facility (MTF) and maximise returns.
Expert research and insights: Access research on 260+ stocks covering 21+ industries to make calculated investment decisions. Get daily stock recommendations for intraday, options, and long-term trades from research experts.
Pre-apply for IPOs: Secure early access to IPOs with the pre-apply feature and increase your chances of allotment.
Lightning-fast trading: Instant order placements help you capture market movements in real time.
Educational tools and 24/7 support: Read guides, articles, and FAQs to improve market knowledge. 24/7 customer support is also available for assistance.
Key takeaways
If you have been delaying your investment journey because opening a demat account seemed complicated, MO Riise by Motilal Oswal makes it easy. In just 15 minutes, you can complete the process online, which means no paperwork or waiting. Moreover, the app offers access to multiple asset classes, expert-backed research, global trading, an MTF facility, educational resources, and 24/7 support to help you invest and trade with confidence.
Don't wait anymore. Open your demat account on the MO Riise app today and explore endless opportunities in the stock market!
