Are you planning to invest in any of the upcoming initial public offerings (IPO) including that of LIC? Have you opened a demat account for the LIC IPO? If you have not yet opened any demat account you can do it online on SBI YONO app now. The State Bank of India (SBI) has informed that you can open your demat and trading account on YONO with no account opening charges. In order to apply for the same you will have to login to YONO and go to the Investments section. "Open your demat and trading account on YONO now with no account opening charges & DP AMC completely waived off for the first year. To apply, please login and go to the investments section," SBI tweeted.What is a demat account? For the uninitiated, demat account is an account which is required by you if you want to trade in shares. The shares in which you invest will be saved in an electronic form in your demat account. If you want to open a demat account, you will require the following documents:1. Identity proof Also read Looking for a smartphone? To check mobile finder click here.2. Address proof3. PAN Card4. Proof of Income5. Proof of bank account6. PhotographsHow to open demat account on YONO App?1. Download the YONO App on your smartphone.2. Login into the YONO SBI App using your credentials.3. Go to the Investment section.4. Click on Open Demat and Trading Account.5. Now you will have to provide all the required details.6. After following all the steps mentioned about confirm.Meanwhile if you do not know how to download and register for SBI YONO App, here is all you need to know.SBI YONO App: How to download on Android, iPhoneThe app can be downloaded from Google Play Store on Android devices. iPhone users can download the app from the App Store. The only thing they need to do is visit the store, search for SBI YONO App and click on download. The app will get downloaded and installed on your device.s