Write notes on the following: SARAL (Depository)

SEBI has provided for opening of SARAL account for resident individuals. An individual investors can open a trading account and demat account by filling up a Simplified Account Opening Form (AOF) termed as 'SARAL AOF' and will also have the option to obtain other facilities whenever they require, on furnishing of additional information as per prescribed regulations/circulars. Individual investor may submit only one documentary proof of address (either residence/correspondence or permanent) while opening a trading account and/or demat account or while undergoing updation.