What documents are needed to open a Lakshmishree account?

To open an Individual demat and trading account with Lakshmishree (Shree Varahi), you need to provide the following documents:

  1. PAN Card – Required for identity verification.
     
  2. Aadhaar Card / Passport / Driver’s License – Required for address verification.
     
  3. Bank Verification – This can be done using:
    • Electronic penny drop verification (if supported by your bank).
    • A cancelled cheque, passbook, or a screenshot of your bank account clearly showing your name, IFSC code, branch address, and account number.
       
  4. Income Proof (Mandatory for F&O Trading)- Any 1:
    • Last 6 months' bank statement.
    • Latest salary slip.
    • Latest DP holding statement (not older than 3 months).
    • Income Tax Return (ITR) acknowledgement.
    • Form 16 (for salaried individuals).
       
  5. Your Photograph – A selfie taken during the application process.
     
  6. Signature Proof – A photo of your signature on white paper or digitally captured on a mobile screen.
     
  7. Mobile Number & Email Verification – Required for account activation.
     

Important: As per SEBI regulations, your PAN must be linked with Aadhaar to open an account. If your PAN is not linked, you will need to complete the linking process first.