ANGEL BROKING Demat Account

ANGEL BROKING DEMAT ACCOUNT CHARGES DOCUMENTS AND SERVICES

ANGEL BROKING DEMAT ACCOUNT INTRODUCTION

The very important step to start trading in the stock market is, to have a demat account. If you’re looking to buy& sell securities like shares, mutual funds, digital gold or ETFs online, a dematerialized account is absolutely essential. Dematerialized form is the form where the physical securities are converted into electronic form.

ABOUT ANGEL BROKING DEMAT ACCOUNT

Angel Broking was Incorporated in 1987, in Mumbai, India based Stock Broking and Wealth Management company focused on retail customers.

Angel Broking has largest network of branches, sub brokers and franchisees located across over 900 cities and towns in India. Angel also offers online trading & investment services through its powerful online trading platform.

Angel Broking is member of the Bombay Stock Exchange, National Stock Exchange, NCDEX and MCX. Angel is also registered as a Depository Participant with CDSL.

In the past, Angel Broking worked as a full-service broker and offered a percentage-based brokerage charge to its clients for over two decades. However, in November 2019, they changed their business model from percentage brokerage to flat rates to compete with rapidly growing discount brokers 

ADVANTAGES OF ANGEL BROKING DEMAT ACCOUNT

  1. Provide investment advisory, guidance and recommendations to their clients for investing in the stock market. 
  2. Cheapest full-service flat charge broker
  1. Fast account opening process
  2. Excellent Trading Platform
  3. Free expert research reports & market advisory

The services offered by the Angel Broking are Equity, Commodity, Currency, PMS, Life Insurance, ETFs, IPOs & Mutual Funds.

HOW TO OPEN DEMAT ACCOUNT – ANGEL BROKING SERVICES

To trade or invest, you need an account with Angel Broking. If you are planning to invest or trade in stocks, commodities or currency, you need a trading account. If you are planning to invest in equity (hold the shares you are buying for few days or month), IPO or Mutual, you also have to open an Angel Broking Demat Account.

DOCUMENTS REQUIRED TO OPEN ANGEL BROKING DEMAT ACCOUNT

In order to open your demat account at Angel Broking, you’ll require the following documents. It is recommended to keep the scanned copies of these documents:

  1. Aadhar Card
  2. Pan Card
  3. Bank proof (Cancelled cheque/Account Statement/Passbook)
  4. Webcam on Mobile/Laptop

 

Signup by entering your full name, your city, mobile number, and verifying the OTP. Required to enter your PAN, bank account, Aadhar verification, and personal details to continue with the signup. You’ll need to complete in-person verification using a webcam and e -sign using Mobile OTP to complete the application procedure.

Moreover, you’ll be assigned an angel broking executive once you sign up on the first step. Their details will be sent to you via message. He/She will help you out in the entire account opening process. If you face any difficulties while opening an account online, you can directly reach them out.

 

  1. Go to the Angel Broking account opening page. Enter your Full Name, City, and Mobile Number on the Account opening page. Here, you’ll receive an OTP to verify your phone number.
  2. you’ve to provide your date of birth, PAN Number, email id, Bank account number, and IFSC code. After entering the details, click on ‘Proceed’.
  3. you’ve to provide your date of birth, PAN Number, email id, Bank account number, and IFSC code. After entering the details, click on ‘Proceed’.
  4. You’ve to enter some other personal details. 
  5. Here, you’ve to provide your annual income, occupation, father, and mother’s name, etc. After that, you’ve to upload your PAN card and bank statement on the next page.
  6. After entering details and uploading documents, click on ‘Continue’.
  7. You’ve to upload your documents like PAN Card, Cancelled cheque or Passbook for Bank Verification and Bank Statement (Optional) for F&O Trading.
  8. Next is the e-Sign process which is very simple. Here, you’ve to enter your 12 digit Aadhar card number. After that, you’ll receive an OTP on your registered phone number with Aadhar. Enter the OTP on this page and click on ‘Submit’.
  9. The last step is ‘In-person Verification (IPV)’. Here, you have to make a small video of your face and upload the video file to complete the IPV or self-verification. You can make a video using your phone or laptop. IPV is necessary during the online account opening.

Once you have completed all these steps, your account will be activated within 24 hours and you’ll get the credentials to login in your trading account.

Angel Broking Account Closing Procedure

Angel Broking offers 2-in-1 account which includes trading and demat account. If you are no more making investment or trades though Angel or moved to some other broker, it is recommended to close the account to avoid unwanted penalties or misuse of your account.

Note that most Angel accounts comes with Annual Maintenance Charges (AMC), which are payable even if you use it or now. The AMC keep accumulating every year with very high interest.

Follow below simple steps to close Angel Broking Account:

  1. Visit nearby Angel Broking office.
  2. Clear all pending dues.
  3. Transfer or sell all your demat account holdings with Angel.
  4. Return back all unused offline demat transaction slips.
  5. Fill the Account Closure Form and submit it in the branch. The Angel Broking Account Closure Form pdf can also download from Angel Broking website.

Note:

  • Account closure request is not accepted through Email or Phone call. Person visit and physical form submission is required.
  • If there are multiple account holders on the account, each one has to sign on account closing form.
  • If the closure request is rejected, customer gets an SMS on the registered mobile number.
  • Customers who are out of India can download the form, print it, fill it, sign it and send it to your registered branch in India.

CONCLUSION

To save maintenance charges, it’s recommended to close all your inactive or zero balance demat accounts. One of the oldest stock broking companies in India offers an amazing trading platform, you can open your demat account at Angel broking within an hour if you’ve already got all the required documents.

Happy Learning!

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