If you are interested in the stock market, then it is sure that you might have heard the name of Angel Broking. But are you interested in opening an account with them? If yes, then grab complete information Angel Broking account opening documents.
Before jumping to the details, let’s first brief about the broker Angel Broking.
Angel Brokingis one of the leading and the largest full-service brokers in India. Not only do they have a plethora of services, but they also provide them at a very eye-pleasing rate. It is a very safe, fast, and easily accessible platform for every investor.
Angel Broking lets its users open a free demat account that is valid for an entire lifetime. The process is hassle-free and very time-saving.
The best benefit of opening an Angel Broking account is it helps you to trade immediately
So, are you interested in opening a demat account with Angel Broking? Then let us look at the documents required for the Angel Broking account opening.
Angel Broking Demat Account Opening Documents
When talking about the Angel Broking demat account, we can say that it is quite similar to a general bank account in many aspects. The only difference between the two accounts is that the demat account is responsible for holding stocks and securities online in an electronic form.
The process of opening a demat account is fast and convenient at Angel Broking only you have to keep some of the account opening documents handy.
The broad categorization of all the required Angel Broking Account Opening Documents is as follows.
Proof of identity
Bank account details with proof
Around 1-3 passport size photos
Angel Broking Online Account Opening Documents
Now that we know about the documents, briefly let us discuss them in a little more detail.
🔺 Proof of Identity
Several documents are acceptable as an identity proof of an individual. The list of some as part of the Angel Broking Account Opening Documents is given below:
PAN Card- The PAN card should have a clear and valid photograph of the individual wanting to open a demat account.
UID (Unique Identification Number)- This can be shown via Aadhar card, passport, driving license, and Voter ID card.
An identity card with an accurate and clear picture of the applicant. The identity card should be issued by the central government, state government and its departments, public sector undertakings, government schools/colleges, and other authentic sources should be issued the identity card.
You can produce either of these documents like your identity proof and then move further with the process.
🔺 Proof of Address
You also need to produce some address proofs to open a demat account with Angel Broking. The entire list of admissible documents is as follows.
A copy of either your passport or voter’s ID card, ration card, lease/rent/sell agreement of the place of your residence, maintenance bill, or the insurance copy.
You can also produce a copy of not more than three months old utility bills. This can include telephone bills, electricity bills, water bills, etc.
Passbook or a statement of your bank account. This should not be more than three months old.
Sometimes banks, gazetted offices, etc., also give the proof of address.
You can also produce proof of residence in the name of the spouse.
If you want to open a sub-account, you need a power of attorney produced by the sub-accounts to their respective custodians.
By giving the above documents, you can generate proof of your residence.
🔺 Income Proof
When you desire to open a demat account, you also need to produce proof concerning your income. The documents to aid this process are given below.
When you file your income tax return, a photocopy of it is generated. This can be further used as income proof.
A certificate of your net worth. This should be certified by a Chartered Accountant.
Recent salary slip.
Past six months income history slip that is reflected in the bank account.
With these documents, you can deposit a valid proof of income to open the Angel Broking demat account.
Various exemptions are made in some cases as far as the Angel Broking Account Opening Documents are concerned. The particular cases are as follows.
If the transactions are made on behalf of the central government/ state government or all the other officials, the court has appointed.
The residents of Sikkim.
Some UN agencies do not have to fill in taxes in India.
The SIP of Mutual Funds till the range of Rs. 50,000 per annum.
Also, in the cases where there are some institutional clients.
In the above-listed cases, an individual is exempted from producing certain proofs.
Not everyone is authorized to attest the documents. The people assigned to authenticate the documents are as follows.
Gazetted officers, notary officers, and any manager of a bank.
In the case of NRIs, the authorized officials of a bank overseas should be registered in India. The embassy, notary officials, etc., are given the authority to attest the documents.
Similarly, you have to submit the self-attested photocopies of the documents mentioned above to open your account offline.
The process of opening a demat account with Angel Broking is not a tiring, cumbersome, or tiring process. Instead, it is very convenient and can be done in a brief period.
The popularity of online trading in angel broking facilities is on the rise, and therefore, having a demat account works wonders if you want to trade in the stock market.
Having some common documents with you is all that is required to get started with angel broking trading. Hope this detailed review on Angel Broking Account Opening Documents was enough for you to understand the documentation-related formalities.
So open your account now and start investing.
Wish to open a Demat Account? Refer to the form below