How to Open a Demat Account and Start Investing with Lemonn in 2026
Why Open a Demat Account with Lemonn?
A demat account is mandatory to invest in Indian equities, ETFs, bonds, and IPOs. Lemonn offers a technology-first brokerage with zero brokerage on delivery trades, competitive F&O charges, and unique products like Power SIP and SmartInvest, all on a single platform.
Documents Required
| Document | Purpose | Format Accepted |
|---|---|---|
| PAN Card | Identity + tax identification | JPEG/PDF, original scan |
| Aadhaar Card | Address proof + eKYC | eAadhaar or physical scan |
| Bank Account Proof | Linked bank for funds | Cancelled cheque or passbook |
| Photo | Identity verification | JPEG, recent passport size |
| Income Proof (F&O) | Required for derivatives | Salary slip / ITR / bank statement |
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Step-by-Step Account Opening Process
- Visit lemonn.co.in or download the Lemonn app
- Click ‘Open Account’ and enter your mobile number
- Enter OTP for mobile verification
- Enter PAN details for identity check
- Complete Aadhaar-based eKYC (OTP verification)
- Provide bank account details and verify via penny drop
- Upload income proof if applying for F&O segment
- E-sign the account opening form via Aadhaar OTP
- Account activated within 24–48 hours on working days
Lemonn Brokerage Structure
| Segment | Brokerage | Notes |
|---|---|---|
| Equity Delivery | Zero | No brokerage on CNC trades |
| Equity Intraday | 0.03% or ₹20 (lower) | Per executed order |
| F&O (Futures) | ₹20 per order | Flat fee |
| F&O (Options) | ₹20 per order | Flat fee |
| Currency F&O | ₹20 per order | NSE/BSE currency segment |
| Mutual Funds | Zero (direct plans) | Via Lemonn MF platform |
Getting Started After Account Activation
- Add funds: UPI (instant), NEFT/RTGS (next day), or net banking
- Explore the watchlist, add stocks you want to track
- Set up SIP in mutual funds or Power SIP for equity accumulation
- Use SmartInvest to explore systematic strategy investing
- Set price alerts and GTT orders for stocks on your watchlist
Common Questions
Can I open an account without income proof?
Yes, for equity (delivery and intraday) and mutual funds. Income proof is needed only if you want F&O segment trading access.
Is there an account maintenance charge?
Lemonn charges an Annual Maintenance Charge (AMC) for the demat account as per DP regulations. Check the latest AMC schedule on lemonn.co.in as charges are updated periodically.
Can NRIs open an account?
Lemonn’s primary offering targets resident Indians. NRIs should check the latest NRI account availability status on the Lemonn website.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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