In case you want to know about the Motilal Oswal Demat Account opening process then we are here to help you out with this.
There are many full-service brokers in India and Motilal Oswal is one of the good ones right now. A full-service broker is recommended for those who want other services along with trading and Demat account services from a broker like advisory services, etc.
One more important thing if you go with this stockbroker then you can take Motilal Oswal Orion Lite Demo where you will get its important services on a single platform.
In order to gain the facilities provided by this broker, you need to do think about Motilal Oswal’s account opening first.
If you want to start investing and trading in stocks, you need to have a Motilal Oswal Demat Account with one of the registered brokers in India. There are two types of accounts. A Demat account is for holding your stocks and other financial instruments.
On the other hand, a trading account is for trading in the stocks you hold, etc. You can open a Demat account as well as a trading account together with Motilal Oswal to start generating returns by investments in stock markets.
There are two main ways in which Motilal Oswal Demat account opening can be done. The first way is the conventional way of the offline method.
And the other way is an easy and very convenient method of online Motilal Oswal account opening, which is the online way. By opening an account with the online mode you will get the Motilal Oswal login id to start your trading.
Let us discuss some of the details of these methods one by one.
Motilal Oswal Account Opening
Having a Demat account is an important step for the beginning of the investment in the stock market. There are various benefits of the Demat account with Motilal Oswal, but before registering yourself with the firm it is good to check the Motilal Oswal charges details.
There are two methods that you can adopt to open a Demat account with Motilal Oswal. Here are the details of the process to open an account from which you can choose according to your convenience.
Motilal Oswal Account Opening Online
The online method of Motilal Oswal account opening is a paperless method where you do not have to go through the hassles of many documents and spend a lot of time and energy in getting the account opened.
There are some steps that need to be followed for the open Demat account online.
Let us discuss these steps here –
- The first step is to go to the website of Motilal Oswal and click on “Open an account”. You will be required to fill in some basic details there like your name, choose your city, phone number, etc.
- Then, you would be required to fill the complete Motilal Oswal account opening form and attach copies of all the required documents. The Motilal Oswal Account Opening Documents that are generally needed for the account opening process are address proof, income proof, and identity proof.
- A copy of PAN card, voter id, passport, driving license, Aadhar card, bank account statements, passport size photographs of the account holder, etc. are required to be scanned and attached online.
- After that, the mandatory in-person verification process happens and after that, the account gets opened.
- When it comes to Motilal Oswal Account Opening, the broker offers a free demat and trading account in India.
- Apart from this, it offers a lifetime free Demat account as it does not charge any AMC Charges but there are dp charges in Motilal Oswal which are levied while debiting shares from the account. The trading account can also be opened for free with Motilal Oswal.
Also, for more information on this, You can refer to the Motilal Oswal Free Demat Account review.
Motilal Oswal Offline Account Opening
This process is more time-consuming. Most of the steps remain the same in the offline method. You just have to procure the account opening form from either the website of Motilal Oswal or by visiting Motilal Oswal near me branches.
After you are done with submitting the account opening form and all the documents required for Demat account mentioned above, your account will be opened.
After a while, a welcome kit would be sent to your registered address. This contains the user id and password to start logging in to your Motilal Oswal account.
Whenever you want to access your Demat and trading account, this login information is required. You can check your account and make any changes to it now.
Thus once you have decided about opening a Demat Account, you can refer to Motilal Oswal AMC Charges.
While opening an account with Motilal Oswal, the first thing that you would need is the account opening form. You can get it from either of the below-mentioned ways –
- You can visit a Motilal Oswal branch and get an account opening form from their office.
- You can go to the website of Motilal Oswal and download the account opening form from their downloads section.
It contains all the basic details about an individual that needs to be recorded in the accounts of his / her broker. For the Motilal Oswal account opening, this form needs to be completely filled, signed and submitted.
After opening an account, with Motilal Oswal Intraday Charges and Motilal Oswal Intraday Margin, you can reap the benefit of a high margin as compared to other broking houses.
When opening an account, it is important to consider the opening fees as well. Motilal Oswal being a full-service stockbroker charges certain fees for account maintenance commonly known as AMC fees, however, there is no charge for opening an account.
The AMC fees also vary according to the plan or margin you maintain in your trading account. Here opting for the Motilal Oswal Value Pack of ₹3000 or more gives you the benefit of a free Demat account as you are relaxed from paying AMC fees.
The details of the Demat account opening fees with Motilal Oswal is provided in the table below:
Opening a Demat account with Motilal Oswal also gives you the benefit of one-month of free trading.
Motilal Oswal is a good option for full-service broking. The Motilal Oswal Demat account opening process can be done online and also through an offline method. The process is simple and can be completed with just a few basic documents.
Before having a Motilal Oswal account opening, you should check all the features of their accounts along with their charges for their services.
After doing the homework of studying different aspects related to the Motilal Oswal account, you can compare your expectations with them and reach a conclusion.
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