EDELWEISS DEMAT ACCOUNT CHARGES DOCUMENTS AND SERVICES
EDELWEISS 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 EDELWEISS DEMAT ACCOUNT
The Edelweiss Demat Account is offered by Edelweiss which is one of the premier financial service firms in the country and one of the renowned brokerage houses as well. Edelweiss Broking is a leading full-service broker offering online discount brokerage services to its customer.
Edelweiss offers 2 types of account types to suit the varied needs of the traders.
This online trading plan is for customers who are looking for low-cost trading platform and require very little help from the broker on day-to-day basis.
It is a full-service brokerage plan for frequent traders who are looking for privileged service, personalized offerings and proactive advice.
ADVANTAGES OF EDELWEISS DEMAT ACCOUNT
- Opening an account with us is quick, easy and hassle free
- Experienced research team covers more than 200 companies that span over 16 sectors
- Offer competitive brokerage rates and demat charges
- Received multiple awards and recognitions for our achievements in the industry
HOW TO OPEN DEMAT ACCOUNT – EDELWEISS BROKING SERVICES
To trade or invest, you need an account with Edelweiss 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 Edelweiss Demat Account.
The set of documents required are almost basic and go as –
- Aadhaar card
- PAN card
- Passport size photograph and
- Cancelled cheque
- Signature Image (If Signed Cancelled Cheque is not provided)
Follow these steps to open a Demat Account with us
Step 1: Enter your valid E-mail ID
Step 2: Provide your PAN number and DOB for KRA verification
Step 3: Enter your name, address and mobile number. If you are already KRA verified, our systems will automatically fetch your data.
Step 4: Enter your bank details (this account will be linked to your trading account)
Step 5: Provide additional information (education, occupation, etc.)
Step 6: Confirm your brokerage plan
Step 7: Upload your documents via WhatsApp or E-mail
Step 8: Our representative will get in touch with you to complete the in-person verification (IPV) as per regulation.
Upon completion of your IPV and verification of your documents, your account will be ready for trading. The online account can be opened instantly if you are KYC compliant. In other cases, the account is opened within 24 hours of receiving the complete documents.
Edelweiss Broking Account Closure Form
Edelweiss Broking offers 2-in-1 trading and demat account facility. If for some reasons, you don’t need these accounts, then you can close the accounts anytime.
Before you initiate the account closure process, please make sure to do the following things:
- Empty your demat account by transferring all your securities into another account.
- Close all the open positions placed from this trading account.
- Clear all unpaid dues, if any, with the broker.
The trading and the demat account cannot be closed online or through email or phone calls. You will have to fill the account closure form to close your Demat and Trading account with the company. For joint demat accounts, all account holders of the account, need to sign on the account closing form.
The company has gathered a lot of positive reviews as have incorporated the trait of successfully satisfying their customers. They are a pro in a lot of domains, and they provide the best of demat account services, making them an attractive option for newbies in the stock market.
There is no requirement to maintain a minimum balance in your account. You can transfer and withdraw funds from your trading account as per your trading needs. Edelweiss Trading Account offers you a whole world of investment options. There are stocks of NSE, BSE, MCX, and other stock exchanges and commodity exchanges.
With the Edelweiss Demat Account, you can trade any investment options from direct equities to mutual funds.