Tradejini, a Banglore based stock-broker comes into the role with the objective of offering services at low brokerage fees. To avail its services and increase your profit margin in trade, it is good to open a Tradejini Demat Account.
Tradejini incorporated in 2012 and is now is one of the dependable discount brokers as it offers great services and a secure online platform, NEST and NSE NOW to its customer.
Also, the broker offers flexible plans thus offering varied options for its clients.
Want to open the Demat Account with Tradejini, here is a full pack of information that helps you in making the right decision.
Tradejini Demat Account Review
You can reap innumerable benefits of trade with the Tradejini discount broker. Offering a secure platform and the access to Jiniversity, the online resource to learn the trade, the broker has gained a good hold as the brokerage firm.
Coming to its Demat Account facility, the broker offers simple and streamlines processes to open the account.
With the Demat Account, you would be able to secure your shares, bonds, and other holdings in an electronic form. This helps share trading easy for the trader.
In all, the dematerialization of shares (converting physical shares into electronic form) the trader can track and monitor their holdings without facing any hassle.
Along with the Tradejini Demat Account or any Demat Account helps you to transfer your shares online and can share their holdings to any other active demat account without paying any additional charges.
Tradejini Demat Account Opening
Opening a Demat account with Tradejini proves to be beneficial as the broker has a vast network of branches spread all over the country that helps the potential traders to avail the services easily.
Other than this the secured trading platform, minimal brokerage charges, and the best management of account and account holders offer the traders a unique experience.
You can open the Demat Account with Tradejini using both online and offline methods.
Call the customer support and ask them to send the form to your address.
Once you received the form, fill it and send it back to the registered office of the firm.
Want to open a Demat Account
Tradejini Demat Account Opening Documents
To open any demat account, the customer has to submit a few essential documents to validate the information you added in the account opening form.
Here is the list of documents you must keep handy while applying for the account opening process.
Electricity bill or any other latest utility bill
Last 6 months Bank Statement
Passport Size Photograph
To trade in derivatives, you have to submit the additional documents of income proof that include, ITR, Salary Slip, Form-16.
*Submit the self-attested photocopies of all the documents mentioned above.
Tradejini Demat Account Opening Status
In general, Tradejini takes 48 hours to open the account once the application form is being revived by them. In case, you want to know your account opening status with the firm, you can directly call the Tradejini customer support services.
Tradejini Demat Account Login
Once the account opens, you will get the notification and a confirmed email at your registered email address. The email will have the login credentials i.e. the username and password.
You can then login to the trading account and can monitor the real-time stocks. Also, it simplifies the process of trade in different segments including commodity, futures, options, equity, currency, etc.
After you first log in with the company’s credential you can change or reset your password with the 2FA password.
Tradejini Demat Account Charges
Unlike any other discount brokers, Tradejini charges a minimal fee as the account opening charges. To open the Tradejini Demat Account, you have to pay a one-time fee of ₹300.
Other than this, the Annual Maintenance charges are also applicable. Tradejini imposes the AMC charges equal to ₹300 per annum for the Demat Account while for the Trading Account there is zero AMC.
The biggest benefit of opening a Demat Account with Tradejini is the firm does not demand any Margin money for executing a trade. Thus, the trader can reap the privilege of higher savings.
Tradejini Demat Account Charges
Demat Account Opening Charges
Demat Account: ₹300
Trading Account: Nil
Tradejini Demat Account Closure Form
For any Demat Account, which is not active or in use for months, should be closed without any second thought. This will prevent you from paying the AMC charges.
Vacant your Demat Account before placing the closing request.
Close all the F&O position
Clear all the dues with the broker, if any.
Also, here it is important to note that the Tradejini does not offer any way to close the account online. Thus, you have to submit the form physically and make sure that all the account holders sign the closing form, in case of joint Demat Account.
Tradejini Demat Account Closing Process
Here are steps you must follow to close the Tradejini Demat Account:
Visit the website and download the form PDF from the Download Section.
Take a print and fill it.
Attach the required documents.
Send it to the Tradejini Office.
Before closing, the company will transfer all the balances to the bank account. You can take the follow-ups by getting in touch with the Tradejini Customer Support.
Tradejini Demat Account Advantages
You can reap the multiple benefits with the Tradejini Demat Account. Here are some of the highlighted advantages:
It offers the least brokerage charge of ₹20 per order.
The firm offers a highly robust and secure trading platform.
It does not charge any margin money to trade.
Tradejini Demat Account Disadvantages
Along with the advantages, there are many disadvantages associated with the Demat Account of Tradejini. Here are some drawbacks enlisted below:
The traders have many complaints against it among which they fail to resolve some of the customer queries.
The company lacks the consistency of a trader in terms of the overall experience of the customer.
Thus, the Tradejini Demat Account comes with own pros and cons. The trustable depository participant adds-on the security features.
So reap the advantage of least brokerage charges and the simple and quick process of account opening.
Frequently Asked Questions
1. In how much time, Tradejini opens the Demat Account?
In general, the firm takes 48 hours after receiving the application form to open the account. For follow-up and to know the status you can contact the customer care team.
2. What documents should I submit to open the Tradejini Demat Account?
To open the Demat Account with Tradejini you have to submit documents to validate your information.
Some of the documents are:
Proof of Address
Bank Statement of the last 6 months
Passport Size Photograph
3. What is the minimum balance to be maintained in the Tradejini Trading Account?
For the Tradejini Trading account, you don’t have to maintain any balance. You can transfer to the balance to the trading account at the time of the trade.
4. When does it require to open both Trading and Demat Account with the Tradejini?
Well, if you want to trade in derivatives you can open only the trading account while for the trader in stocks, commodities, the currency you must apply for both demat and trading account i.e. 2-in-1 account.
In case you want to know more, feel free to contact us