Are you looking forward to having an Astha Trade Demat Account? If yes, then you are in the right place.
Here we are with the in-depth information of the Demat Account with Astha Trade.
Before jumping into the account opening process, here is the brief of the broker.
Astha Trade also known as Astha Credit Securities Private Limited is a discount broker. It was incorporated in the year 2003 and is based in Madhya Pradesh.
It has branches in more than 100 cities in India and has been registered with all the major exchanges operating in India like NSE, BSE, NCDEX, etc. Its services can be availed by opening an Astha Trade demat account.
Astha Trade Demat Account Review
Astha Trade is an above-average full-service broker that has been operating in India for more than a decade now. It offers the services of a 2-in-1 account in which clients can open a demat account as well as a trading account within a single account simultaneously.
The demat account is for holding different investments in stocks, mutual funds, etc. On the other hand, the trading account is used for trading of different securities that are held in the demat account.
Having an Astha Trade demat account has its own advantages as well as disadvantages.
Opening a demat or trading account with them is quite simple and can be completed within a few minutes with the right documents by your side.
When it comes to trading platforms and technology parts, there can be a lot of improvement that can be done. They can develop some innovative features in their platform and mobile phone app using their in – house team.
In terms of costs, whether they are related to account opening and annual maintenance charges or their brokerage costs, they are quite good for their clients as compared to other brokers in India. In the case of customer care services, they are above average.
They provide their customer-related services through many channels like email, a phone call on a toll-free number, web support, etc. Also, they make efforts in getting the queries of their clients resolved in a timely fashion.
Astha Trade Demat Account Opening
Opening an Astha Trade demat account is a simple process and can be completed within a few minutes online if you have the necessary documents ready with you to be uploaded.
All you need to do is just go to the website of Astha Trade and click on “Open an Account”. Then, you would be required to fill in some basic details like your name, phone number, and email id.
After this, a one time password would be sent to your email id and phone number. After you fill the OTP, the signup process continues.
After this, you just need to keep on filling the details as being asked on the screen like PAN card number, date of birth, your other personal details along with your financial details. The financial details include your income, bank account number, IFSC code, etc.
Once all these details have been filled in the form and verified by them, payment would need to be done if you want to open a trading account along with the demat account.
Opening Astha Trade demat account alone is free of cost. The payment can be done through online wallets or credit or debit cards, etc.
After this, you would be required to upload all the required documents like PAN card, Aadhar card, etc. They would be specifically mentioned on the website for different types of accounts meant for different kinds of trading purposes across all the segments including equity, currencies, derivatives, commodity, etc.
This step is followed by in-person verification (IPV) which can be done online too.
This is how an Astha Trade demat account is opened. Alternatively, you can follow the offline process in which you would need to procure the account opening form from their office or print out from their website.
You can also call at their number to get a call from their executives to get their account opening form. After this, the filled and signed form along with all the required documents for the demat account would need to be sent to the head office of Astha Trade-in Bhopal.
The online method is more convenient and easy and takes much less effort and time as compared to the offline method.
Want to open a Demat Account
Astha Trade Demat Account Login
Once all the formalities of the account opening process are complete, a username or client id and password would be shared with you.
You need to download the Astha Trade app on your mobile phone or their platforms on your desktop or laptop with an internet connection.
You can log into the app or web-based platforms using the username and password. Once you log in, you will have the option of changing your password. Then, you will be able to access your demat account and manage it.
Astha Trade Demat Account Charges
The Astha Trade demat account opening charges are 0. The annual maintenance charges for the Astha Trade demat account are Rs. 300 plus GST for every year. There are no annual maintenance charges for the trading account for stocks, futures, and options as well as commodities.
The pledge and unpledged charges are higher and are equal to 0.04% or Rs. 50.
Astha Trade Demat Account Charges
Demat Account Opening Charges
Trading Account Opening Charges
Demat Account: ₹300
Trading Account: Nil
0.04% or Rs 50 (Whichever is higher)
0.04% or Rs 50 (Whichever is higher)
₹ 10000 minimum
Astha Trade Demat Account Closure Form
If by some chance, you decide to change your DP or sell off all your holdings, then, you need to formally close the demat account by following the steps of the account closure process. There is an account closure form that needs to be filled and signed.
If there are more than one holders of the Astha Trade demat account, then, all the account holders need to sign the account closure form.
This form then needs to be submitted to their office and once all the formalities are complete at their end, your account will be formally closed.
There are just 2 things that you need to check before closing the account. Firstly, there should be no holdings left in the demat account.
They either need to be sold off or transferred to another DP. Secondly, any negative balances in your account need to be paid off.
The account closure process is necessary to prevent the payments of annual maintenance charges that need to be paid by clients every year whether the account is being used or not.
Astha Trade Demat Account Advantages –
There are both kinds of perspectives of looking at the Astha Trade demat account. Let us discuss some of the advantages of this account first. They are listed here –
1) One of the best things about Astha Trade is its pricing. Their account opening, annual maintenance charges, as well as brokerages, are quite attractive to their clients.
2) Astha Trade also offers better exposure in trading across different segments as compared to some other brokers in India.
3) The customer support services of Astha Trade are quite good.
4) There are no call and trade charges for making trades on Astha Trade platforms. On the other hand, most of the other brokers charge their clients for calling and trading.
Astha Trade Demat Account Disadvantages
Now, let us discuss some of the disadvantages of having an Astha Trade demat account as well. Some of them have been listed here –
1) Astha Trade does not offer the facility of a 3 – in – 1 account. 3 – in – 1 account offers banking services along with trading and demat accounts.
2) There is a scope of improvement in their trading platforms.
Astha Trade demat account is a good option if you are looking for a broker to open a demat or trading account. Both the accounts can be opened together under one account for both demat and trading purposes.
The process of account opening and charges related to it is reasonable.
Before making a final decision of opening an Astha Trade demat account, one should carefully evaluate the different aspects related to the accounts like charges, costs, features, online platforms, mobile phone apps, customer care service, etc.
After knowing about all these details, you should check if these things make a fit with your own requirements and expectations from a demat and trading account.
Frequently Asked Questions
1) What is the process of opening an offline account with Astha Trade?
A call can be made on the number mentioned on their website or an email can be sent to their address to get in touch with a sales executive.
He/she would email the account opening forms to you. Also, the account opening forms can be downloaded from their website.
The account opening form needs to be filled and signed and sent to their address along with the different documents required for opening the Astha Trade demat account.
2) What are the different charges for opening different kinds of trading accounts with Astha Trade?
To open a trading account for investing or trading in stocks and futures and options, a fee of Rs. 500 needs to be paid. Also, a fee of Rs. 500 needs to be paid to open a commodity trading account. The charges for annual maintenance of the demat account are Rs. 300 for every year.