Account Opening Process

ABHINANDAN

PROCESS TO OPEN DEMAT & TRADING ACCOUNT OFFLINE

This is the traditional method we have all followed for a long time before online KYC Aadhar authentication was permitted by SEBI. You can either call for a representative from the broker office to visit you or you can go to the broker’s office for offline account opening. Here are the steps to follow for offline demat account opening.

  • Fill out the demat application form and attach proof of identity and a proof of address. These proofs can be photocopies of appropriate documents, but it is mandatory to carry the originals with you for spot verification.
  • The next step is to execute the client agreement with your broker / DP. It outlines your responsibilities and rights as a trader/investor as well as where you stand vis-à-vis your brokerage firm / DP. This is an important document for future reference.
  • Then the broker verifies the documents and if found fit in all aspects, the Beneficial Owner Identification Number (or BOID) and the Unique Client Code (UCC) is allocated. If you are an online trade, the login and password are also given for access.
  • The online demat account opening happens in just less than 2 days while the offline process can take 5-7 days. Demat account opening along with the trading account requires proof of identity, proof of residence, PAN Card, Cancelled Cheque as proof of bank account and bank statement / tax returns as proof of income.

Abhinandan Stock Broking Pvt. Ltd Registered office of 95 Sarat Bose Road, City Point, 3rd Floor, Kolkata – 700029 is a Member of National Stock Exchange of India Ltd (Member Code :14336), BSE Ltd (Member Code :6440) and Depository Participant of CDSL ( DP ID: 82800) and having SEBI registration no. INZ000202134. Name of the Compliance officer : Mr. Aravind Kuamr Prasad Contact number: 033-40055430, E-mail address: akprasad@abhinandangroup.com. Investments in securities markets are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. ASB and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.”


PROCESS TO OPEN DEMAT & TRADING ACCOUNT ONLINE

Currently we are not providing Open Online Demat & Trading Account, We are in process to open online very soon.