Another Indian Stock Brokerage firm Angel Broking has a membership with the Bombay Stock Exchange (BSE), National Commodity & Derivative Exchange Limited (NCDEX), National Stock Exchange (NSE), and Multi-Commodity Exchange of India Limited (MCX). It was established in 1987 and offer multiple products for trading along with the provision of opening an Angel Broking Demat Account.
Angel Broking’s financial services include online stock broking, depository, commodity trading, and other services.
Talking about its product, it provides different products to the investors that help them to do trading. Some of the popular trading product of the firm are:
Angel Eye (Browser Trading Application)
Angel BEE Mutual Fund App
Angel Speed Pro (Trading Platform Application)
Angel Trade (Online Trading Platform for share investors)
Angel Swift (Trading app for small devices)
Thus it offers the best way to do trading at any point in time using a phone, email or SMS.
Along with this, it uses a machine learning technology that helps in providing detailed reports from experts. The technology helps the firm to manage a portfolio, trade efficiently, track real-time stock updates and in retrieving reports whenever necessary.
Angel Broking Demat Account Opening
A Demat account provides the platform for holding shares and securities of traders in an electronic form. It holds all the bought shares thus helps in making trade easy for the users.
Angel Broking offers the free Demat account services and the overall charges of the Demat account depend on the volume of shares held in the account, type of subscription, and other terms and conditions laid on the customer by the depository like NSDL and CDSL.
Highlighted Features of Angel Broking Demat Account
Angel Broking offers Angel ARQ the flagship product. It is the technology-based tool in which the investor feeds the information and based on a rule of investment, it gives the output of the most viable options for investment.
The brokerage charges are the least that attract many investors.
It does not impose heavy brokerage charges and flat charges.
The minimum brokerage plan is Rs 20 per trade for all segments.
Angel Broking helps investors in saving up to 60% brokerage along with facilities of a full-service brokerage house.
Benefits of Angel Broking Demat Account
Many advantages are associated with the opening of a Demat Account with the Angel Broking. Some of the highlighted are:
Angel Broking is the full-service stockbroker and comes under the top 7 brokers in NSE.
It offers new investment engines, ARQ that help clients in predicting stock information.
It offers a large and wider range of trading and investment products like Equity, Trading, Commodity, Insurance, Mutual Funds, etc.
Has franchise offices and branches at multiple locations.
Offer large brand equity thus gained high trust among the clients.
It provides the complete online process to its member thus offering convenient services.
Angel Broking Demat Account Opening Documents
To open an Angel Broking Demat Account one needs to submit a duly filled account opening application form available on the website.
Along with the form, the person needs to submit the documents of identity proof, address proof, and the recent colored passport size photograph.
For identity proof, you can carry documents like:
For Address Proof, the applicant needs to submit the documents like:
Residential Electricity Bill
Residential Telephone Bill
On verification of the document, the applicant will receive the email with login details that he or she can use to login to the Demat account.
Angel Broking Demat Account Opening Procedure
For opening a Demat Account with Angel Broking you need to contact the registered Depository Participant (DP).
You can either download the application form from the Angel Broking website or can collect it from the Branch office.
Along with the application form, it is essential to submit the documentation necessary for KYC verification like Aadhar card, Pan Card, etc, address proof, bank statement of the last three months, canceled check, passport size colored photograph, income tax returns.
For confirming all the submitted details of the person a phone call is arranged that proves the authenticity of the person.
On the final verification of all the documents, the internet password and transaction password is provided to the customer. The customer can then use it to make transfers and purchase of securities.
Angel Broking Demat Account Opening Charges
After you are done with the essential need and documents required for opening the Angel Broking Demat account the next important step is to consider the Demat Account Opening Charges.
There are many brokers and financial institutions that provide free Demat account to their customers, but many times certain charges are levied on the customer at a later stage that depends on the options they have chosen.
It is always good to choose the financial institution that is authorized DP with NDSL or CDSL as well as registered with SEBI. These companies like the one Angel Broking comes with the Demat account brokerage charges.
Here is a quick glance at Angel Broking Demat Account Charges.
1. Account Opening Fees
Many authorized DP levied nominal charges for opening a Demat Account. Many banks provide the account completely free if you set up the 3-in-1 account with them that implies saving a bank account, a trading account, and a Demat account.
Angel Broking does not charge any account opening fees and offers a great as well as seamless account experience by providing the online platform. Although the account is opened for free sometimes the additional fees like stamp duty, GST, and other statutory charges as per the SEBI are being charged.
2. Annual Maintenance Fees
The Annual Maintenance Fees are charged annually and are meant for maintaining the account. Angel Broking charges Rs. 300 /year to offer various services to its members. Some of the services include:
Transfer of funds online
Advisory based on Analytics and AI
For trading ideas derivatives.
3. Custodian Fees
Custody fees are the one-time fees that are charged annually by DP and is usually paid directly to the depository.
Angel Broking waive off the custody fees and thus provide relaxation to its member.
4. Transaction Fees
Transaction fees also called Demat account brokerage charges is charged against every transaction completed by the DP. There are some DPs that charge a particular percentage over the value of transactions while the other DPS implements the flat fee per transaction.
The Angel Broking charged a zero brokerage for Equity Delivery Trading while for intraday, currencies & commodity, and F&O charged a flat brokerage of a sum of Rs. 20/order.
Some other charges imposed by the Angel Broking for account opening includes:
taxes and cess
rejected instruction charges
delayed payment, etc.
Here is the list of Angel Broking Demat Account Charges
Scheme-Lifetime free AMC
One Time Upfront Fee
Annual Maintenance Charges
Charges for Pledge Creation or Closure
₹25 per ISIN
Charges for applying for corporate benefits
10 per certification and ₹30 per DRF for postage charges plus ₹30 per rejection
CDSL charges plus ₹30 postal charges per request
Additional DIS Requisition
Additional Request for Account Statement or Holding with valuation, freeze and unfreeze
Deliveries/ Debit Transactions
₹11 per ISIN
₹21 per ISIN
Angel Broking Demat Account Number
Every Demat account has a 16 digit unique account number.
In the case of CDSL, the account number is 16-digit number while in NSDL the Demat Account starts with IN followed by the 14-digits number.
Many investors consider the DP ID and Demat Account number similar but in reality, they differ.
On one hand, where DP ID is a number allocated to the Depository Participant like the broking firm, a Demat account is the combination of both DP ID and the customer ID of the Demat account holder.
The last 8-digits of the 16-digits is the Customer ID.
Angel Broking Demat Account Closure
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 opening 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.
The member should submit the unused delivery instruction booklet slip back to the DP.
Once you ensure that all the steps are done, courier the form or submit it by visiting the nearest branch.
Angel Broking Demat account is closed within 3-5 days after completing all the formalities.
Few important points that one should go through before placing a request for closing an account:
No email or online request is accepted to close the Angel Broking Demat account. It is essential to submit the physical request for closing the account.
If you have a joint Demat account with Angel Broking then it is essential to get the application signed by all the members.
Do not skip filling any relevant information essential for closing the account.
Before closing the Angel Broking Demat account the client should clear all the debit in all the segments,
Transfer your shares to other currently operating Demat account or sell them before closing the account.
Opening a Demat account with the registered DP like the Angel Broking offer many benefits like reduced paperwork, lower transaction settlement time, cost savings, and security.
Learning the right technique to operate the Demat account can offer you such advantages. Along with the Demat account, the investor needs to open a trading account to carry out the purchase or sale of shares.
The trading account, on one hand, reflects the buying and selling in a specific account while the Demat account is meant to hold the shares and securities similarly like the money in your bank account.
So, the Angel Broking Demat account helps the trades to purchase shares and also for the delivery of stocks.
Angel Broking Account Opening
If you wish to open an account with this stockbroker, you can get in touch with any of the closest branches near your city or town.
You may also choose to fill up the below-displayed form and a callback will be arranged for you:
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: