FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Dhan Account Opening Review 2024

Rated 3/5 by InvestorGain Team
Dhan Account Opening
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Dhan, the technology-driven brokerage company, offers a 100% paperless account opening process via the Dhan Mobile App. Open an absolutely free Dhan demat and trading account with no account opening fees and AMC charges. Customers just need to download the Dhan Mobile App, sign up and complete the KYC registration process, and the account is opened in minutes. The broker offers zero cost delivery trading and charges a flat fee of Rs. 20 per order for trading in intraday, equities F&O, commodities, and currencies segments. Scroll down further to know how to open a Dhan Demat account online, account opening fees, documents required, and how to close your account.

Dhan account opening fees

Trading Account Opening ChargesFree
Trading AMCFree
Demat Account Opening ChargesFree
Demat AMCFree

Dhan Demat & Trading Account Opening Process

Once your mobile number is registered, you can open a Dhan Demat account either through the Dhan app or the trading website. The online account opening process is really fast and seamless and takes less than 10 minutes to open a Dhan investment account.

Steps to open a Dhan Demat account online;

  • Visit the Dhan App/Web and click on "Open a Demat Account"
  • Enter your mobile number and 6-digit OTP to proceed.
  • Verify your email ID, by entering your email address and confirmation code.
  • Set a 6-digit PIN to log in to your Dhan account.
  • Click on "Finish KYC & Onboarding
  • PAN Verification: upload your PAN card as a mandatory document.
  • Add personal details: Enter the date of birth, gender, and marital status.
  • Upload Address Proof: You can choose between Aadhaar card, driving licence, and passport.
  • Take a live selfie for personal video verification.
  • Next step is to upload your signature as per PAN.
  • Enter details like income, profession/employment, and trading experience.
  • Link your bank account by entering the account number, IFSC code, and branch.
  • Proceed to sign the account opening form through Aadhaar OTP verification.
  • Set a password for your Dhan trading account and that's it!
  • The process is complete; you will receive your Dhan account credentials in the welcome email. Use the credentials to log in to your Dhan account and start investing.

Dhan account opening documents

To open a Dhan investment account, users must submit the following documents for KYC verification;

  • Scanned copy of your PAN card, a valid proof of identity.
  • Proof of address: Aadhaar card, driving licence, passport, etc.
  • Bank Account Proof: Bank passbook or canceled cheque leaf with account holder's name, branch and IFSC code.
  • Income proof: Bank statement for the last 6 months, last pay stub, IT, Form 16, etc.
  • Photo of the applicant.
  • Signature of the applicant on plain white paper. The signature must be matched with the PAN card.
  • Note: Proof of income is only required for trading in the Futures & Options segment.

Dhan Demat Account Closure

To close the Dhan Demat account, one needs to submit the duly filled account closure form to the Dhan Head Office. Alternatively, you can also request account closure by mail from your registered email address.

Clients cannot close Dhan trading and demat accounts online as the broker only allows offline closures. Please ensure the following before closing your Dhan Demat account;

  • No negative balance in the Dhan trading account.
  • No securities in the Dhan Demat account, if any, sell them or transfer them to another Demat account.
  • Withdraw your money and settle all balances due.

Note: There are no fees for closing your Dhan Demat account, in fact, you can close your Dhan account completely free of charge!

Dhan account closure form

Dhan account closure form is available on the website in PDF format. Anyone who wants to close an account with Dhan can visit the "Download Centre" webpage and get the account closure form. Fill in the details such as the name of the account holder's name, reason for closure, address, etc., and send the form to Dhan Head Office by post or courier.

Download Dhan Account Closure Form

Is Dhan Good and Reliable Broker?

Check out the top reasons why you should open a trading account with Dhan or if it is a reliable broker for trading and investing;

  • SEBI, BSE, NSE, and MCX registered brokerage firm.
  • Free account opening and no account maintenance fee.
  • Instant paperless Dhan Investment account opening process.
  • Free equity delivery trading, ETF and IPO investments.
  • Pay a maximum of 20 order fees for intraday and F&O trading.
  • Super-fast and feature-rich Dhan mobile app for super traders and long-term investors.
  • Dedicated platform for options traders.
  • Secure Dhan App with Face ID and fingerprint authentication.

New Account Opening - How to join Dhan?

  • Open instant paperless Dhan account with Dhan mobile trading app.
  • Open Dhan investment account offline
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New Account Opening offers with Dhan

Zero account opening fee + Rs.0 AMC charges + Zero Brokerage Delivery Trading + Flat Rs. 20 Brokerages.

Dhan Promo Code

There is no promotional code available to open a trading account with Dhan brokerage house.

Dhan Referral Code

Dhan operates a referral and earning program where if you refer your friends and family members and they open a Dhan demat and trading account, you will receive a referral reward of Rs. 250 on his first trade.

    In this section we have covered most frequest scenario you have about new account opening. Does Dhan have any promo code? Does Dhan have any special Offers? What are the refferal benefit with Dhan if I refer my friends or family? How can I start my trade with Dhan? Is Dhan good and reliable?


Dhan offers absolutely free Demat and Trading Account at nil account opening charges. You can open an account with Dhan online instantly through the Dhan mobile app or website but the initial registration process can be done only using the Dhan App.

Steps to open Demat Account through Dhan App:

  1. Install the Android and iOS Dhan mobile app.
  2. Enter mobile number and verify it with OTP. Now you can proceed with account opening process through app or website.
  3. Provide PAN card details.
  4. Enter personal details for KYC verification process.
  5. E-sign the Dhan account opening form using aadhaar card number.
  6. Upload mandatory documents like identity proof, address proof, income proof, signature, etc.
  7. Dhan account will gets activated instantly after successful KYC document verification.
  8. Start trading & investment journey in stocks, equity F&O, commodities, and currencies.


If your aadhaar card is linked with your mobile number and you have all the documents handy then the Dhan investment account opening process takes about less than 10 minutes. All you need to do is install Dhan App, register yourself, and complete the KYC process through either app or website. If you are already a registered KYC customer (stock market or MF investor) then the process will be even faster as the KYC details will be automatically fetched.


You can activate F&O (futures & options) trading segment at the time of account opening process or even after. If you already have Dhan equity trading account, then you can find an option to activate the F&O segment under the “Profile” section. Click on the link and submit a valid income proof (latest bank statement, IT return, or salary slip) to start derivative trading.


No, you cannot close the Dhan account online as the broker only allows offline account closure. One can close Dhan investment account by submitting the duly filled account closure form to the broker’s head office. The closure form is available under the “Download Centre” of the website.


Yes, Absolutely free, Dhan the technology-leading discount broking firm charges Rs 0 to open a Dhan trading and demat account. It further does not charge any account maintenance fee from customers. This means, account opening in Dhan is completely free.


Dhan account login requires to enter user ID which is your registered mobile number and password. However, if you forgot your account password, then click on the “Forgot password” option on the login page on the app or website. Follow the process to enter the new password, and now you can login to your Dhan trading account.


Last Updated on 2023-09-14