To begin trading, whether in Indian equities, US stocks, commodities, or Futures and Options (F&O), you first need a demat and a trading account. A demat account safely stores your securities in an electronic form, while a trading account lets you buy and sell them on the market.
Many assume these two accounts must be opened separately, but MO Riise allows you to set up both in one go. Backed by the legacy of Motilal Oswal, a SEBI-registered public entity, MO Riise is trusted by more than 40 lakh traders. You enjoy multiple tradable assets, expert-backed research on stocks, unlimited order placement, personalised tools, and a detailed FAQ section. Plus, there are no AMC or admin charges for the first year after account opening.
Quick steps to open a demat and trading account on MO Riise
First, search for “MO Riise” in the Google Play Store or Apple App Store and install it. Then open MO Riise and follow these steps to open a demat account effortlessly:
Enter your full name and mobile number
Your number has to be linked to your Aadhaar card. You will receive a One-Time Password (OTP) for identity verification. Enter the OTP and provide your Permanent Account Number (PAN). The system will match your PAN with government records before allowing you to proceed.
Share your personal details
Fill in your marital status, educational qualification, and occupation. These details allow the MO Riise demat app to maintain accurate KYC records as per SEBI regulations.
Provide financial information
Declare your:
- Income range (e.g., ₹1-5 lakh)
- Investment/trading experience (e.g., 1-2 years)
- Political exposure status (yes or no)
Now confirm your Indian citizenship and accept the terms and conditions.
Add your digital signature
Use your finger or stylus to draw your signature on the phone screen. This signature could be used in all your Know Your Customer (KYC) forms and legal documentation.
Upload your photograph
Select a clear, recent photo taken in good lighting. Make sure it matches your Aadhaar image so that the verification goes smoothly.
Submit income proof for derivatives trading
If you plan to trade in F&O, upload one of the accepted income proofs:
- Latest salary slip
- Last 6 months’ bank statement
- Form 16
- Latest Income Tax Return (ITR) acknowledgement
E-sign your KYC form
Complete the digital signing through eMudhra. This step verifies your signature electronically on the KYC form.
Complete video KYC
Hold your original PAN card and Aadhaar card in front of the camera. Now read out the statement displayed on MO Riise’s screen. This step serves as a face-to-face verification and confirms that the account is opened in your name to prevent misuse.
Aadhaar re-verification
Enter your Aadhaar number once again when prompted. Provide the OTP to link your Aadhaar officially to the demat and trading account.
You are all set to start trading in Indian shares, US stocks, commodities, and more!
To sum up
Opening a demat and trading account with MO Riise is quick and effortless. You can complete the entire process online in about 15 minutes. All you need are your Aadhaar, PAN, and bank details to get started. Its secure and paperless system makes account creation simple even for first-time traders.
MO Riise offers everything you need as a trader, from zero account opening fees to lightning-fast execution and robust research support. Moreover, with StoCoMo, an in-app community of traders, margin trading, learning materials, technical analysis tools, and 24/7 support, MO Riise offers powerful capabilities and a user-friendly experience.
Open your demat and trading account on MO Riise today!
