Are you looking ahead to earn passive income from the stock market? If yes, then get started with the Edelweiss Demat Account. Here we are with the complete information of Edelweiss Demat Account Open process.
But before diving into the subject, let’s take a quick look at the introduction to Edelweiss Trading.
To know how to get started, know how to open Demat account with Edelweiss.
How to Open Demat Account in Edelweiss?
Edelweiss is one of the latest stockbrokers that offers brokerage services by charging the least brokerage to its clients.
To get started, it offers a simple and quick solution to its clients. You can now apply for the account opening process via both online and offline process and once Edelweiss Demat Account open you can easily trade in the segment that can reap you maximum profit.
In this section of the document, we will scrutinize ‘How to Open Demat Account in Edelweiss.’
Edelweiss Demat Account Opening Online
With the growing advancement in technology, almost every other broker including Edelweiss is offering the online method to open an account.
If you want to experience the hassle-free process of opening an account then here are the steps below:
Enter the valid email ID.
Enter your PAN details and DOB for KRA verification.
Provide your name, mobile number and address to process KRA verification.
Upload the documents required to open a demat account.
Next select the brokerage plan and trading segments in which you wish to trade.
Post this the in-person verification is carried out by the Edelweiss representative and the Demat account opens within 24-48 hours.
Here to escalate the application process we recommend you keep handy the required papers, such as Aadhar Card, Pan Card, and your passport size pictures.
Willing to open the demat account online, fill the form below and callback will be arranged for you in no time.
Edelweiss Demat Account Opening Offline
You can open the Demat Account by opting for the offline procedure. For this, you will have to visit the local branch of the firm with the essential documents.
This is a traditional procedure that takes a longer time as compared to the online procedure.
Under this you can either visit the website and download the form or ask for the demat account opening form by visiting the branch nearby.
Once you download the form, fill the details like name, phone number, email id.
Other than this, enter your PAN Card and Aadhaar Card details.
Post this, you are required to select your brokerage plan and trading segment.
Attach all the documents including your bank statement and passport size photograph.
On verifying your details, the account opens within few days.
Edelweiss Account Opening Charges
To open a Demat Account, you have to pay certain charges. These charges include the account opening fees and annual maintenance charges.
Unlike other full-service stockbroker, Edelweiss charges certain sum of ₹750. This is one time no refundable amount.
However, it relaxes its client from paying the AMC charges and thus does not charge any amount for the first year. From the second year onwards you have to pay the sum equals to ₹500 plus GST.
So, if at any point of time you are not using your account for holding securities any more then it is good to close it without delay. It prevents you from paying the AMC charges.