The updated Angel One features and benefits make it one of the best Fintech companies offering services to one and many Millenials and GenZ clients like you.
Now the question comes that this free account opening is for a 2-in-1 account or Angel Broking 3-in-1 account.
3 in 1 account is the one that provides you the demat, trading, and bank account altogether. Generally, the bank-based stockbrokers offer you the 3 in 1 account thus making the process simpler and easier.
But when it comes to Angel Broking, although you cannot open 3 in 1 account as the broker does not offer you a specified bank account option, however, you can link your bank account directly while processing the account opening with Angel Broking.
In all with Angel Broking demat account, you can secure your shares, trade-in different segments and investment options, track your transactions, etc.
Moving ahead with the all-detailed concept, let’s discuss different types of Demat accounts that you can access by opening Angel Broking 3 in 1 Account.
Now demat account is further classified into three types:
1. Regular Demat Account: Traders residing in India can opt for this account type.
2. Repatriable Demat Account: NRI Indians who want to transfer funds abroad can get it done with this Demat account type. Furthermore, to get access it is essential to link the Demat Account with the NRE bank account.
3. Non-Repatriable Demat Account: Next comes another account for the Non-Resident Indians but here with this account, you cannot transfer funds abroad. To operate this account, you need to link it with the NRO bank account.
So depending upon your location and preference you can opt for any of the demat account types and operate it with Angel Broking.
Apart from the online process, you can apply for the Demat account opening, offline as well. For this, just visit the website to download the form available in the PDF form, or visit the nearest branch.
To get the Angel Broking demat account form, click here.
For the institutional investors, there is a separate link provided that helps you to open and operate the non-individual account with Angel Broking.
Now have a quick glance at the details required to be filled in to open the account offline.
Fill in all the details like Name, Mobile Number, City.
Other than this if you wish to open a joint demat account, then you are provided with an option where you can fill in all the required details of the second account holder.
Next, you can also fill the nomination form provided along with the account opening form.
Attach the self-attested photocopies of documents required to open the demat account.
Send it to the nearest branch or to the head office of Angel Broking.
On validation, the account opens in 3-4 business days.
In general most of the full-service broker charges certain sum. But when it comes to Angel Broking, which is the hybrid stockbroker, you can reap the benefit of the free account opening across segments.
Almost every other individual in India has Aadhar Card. No doubt the document is used to verify details and as valid proof.
Similarly in the demat account, it is one of the basic documents required for an account opening.
One having an Aadhar card linked with their mobile number is mandatory.
But what does it means, that you cannot open an account without Aadhar or if your mobile number is not linked with Aadhar?
Of course not!
You can open it via another method described below:
Apply for the account opening as discussed above.
Only in the step of e-sign where you need to enter the Aadhar and then OTP to validate your details, you need to switch to another option called eMudhra.
Now there are two cases:
Case 1:You do not have an Aadhar card
In this situation, you need to submit any other Government-authorized identity like Voter ID, Driving License, etc.
Case 2: Your Aadhar is not linked with Mobile Number
Here you need to validate your details by going through the in-Person verification process. In this, you have to record a short video with the complete detail of the name and client code. Along with this, you need to show your PAN card to validate the entries.
Once done your account opens in few minutes.
Facing difficulty in opening an account without an Aadhar card? Get in touch with us and open the demat account for FREE without any hassle.
Angel Broking Demat Account Number
Now comes the demat account number which is the 16 digit code. Now since Angel Broking is registered both with CDSL and NSDL thus it is important to know the depository with which you open a demat account.
In the case of the NSDL demat account, the 14 digit code starts with alphabets IN followed by 14 digits. From this 14 digit code, the last 8 digits are your client ID while the first 6 digit is the DP ID.
Next in the case of the CDSL demat account, there is the 16 digit code. The first 8 digit is common and represents the DP ID while the last 8 digit is the client ID.
You can easily find your Demat account number in Angel Broking mobile app or any other trading app.
Just click on your profit and then on Bank and DP Details.
Click on DP ID to know your demat account number in Angel Broking.
Since Angel Broking charges the annual maintenance charges in such a case if you are not using your account currently or have zero balance in your Angel Broking Demat Account, then it is highly recommended to close the account.
It is quite tedious to close the Demat account than to open it.
This is because while opening an account you would get calls from stockbrokers and customer care executive who supports you in every step involved in opening the account.
In case you want to close the account you have to work yourself and need to submit a signed document via courier or by visiting the branch personally.
Angel Broking does not charge any fees for closing the account.
For closing the account download the Account Closure form from the Angel Broking website under the section “Important Documents”.
Fill the form and submit it to the Angel Broking branch.
To check the details of your debit and credit details, you can contact the registered branch.
Before submitting the account closure form, it is good to keep a few things in mind:
Make sure that the account does not contain any share.
There should be no negative balance in the account.
3. How to close Angel Broking Demat Account online?
Angel Broking does not offer any means to close the Demat Account online. However, you can close the account by downloading the account closure form and sending it to the main office address.
Before closing the account, make sure there is no share in your Demat account and no dues to be paid to the broker.
4. How to transfer money to Angel Broking Demat Account?
To execute a trade, it is essential to have enough funds in your trading account. For this, you can use either of the fund transfer methods like NEFT/RTGS, any payment gateway or by paying a margin cheque/DD to the broker.
For instant transfer, make sure the bank is linked with your trading account.
5. Can I open Angel Broking Demat Account for Free?
Angel Broking does not charge any fees for opening a Demat Account, thus you can open the account for FREE.
Along with this, the broker waives off the AMC charges for the first year thus offering you the benefit of opening the Angel Broking free Demat account.
Finally, if you would like to get started with stock market trading or investments in general with a trading and Demat account, let us assist you in taking the next steps forward: