Are you interested to open Demat account in Edelweiss? Edelweiss Group (Officially known as Edelweiss Financial Services Limited) is one of India’s leading diversified financial services, it is located in Mumbai. It was founded in November 1995, 26 years ago. The company is dealing with different financial services such as brokerage services, life insurance, general insurance, private equity, and other investments. It is listed with the National Stock Exchange of India, Bombay Stock Exchange, and MCX Stock Exchange. From starting one year there will be zero charges in the demat account and there will be zero charges for a trading account as well. Edelweiss charges Rs. 300 AMC for Demat Account.
- What is Demat Account in Edelweiss?
- What is Trading Account in Edelweiss?
- Edelweiss offers two types of accounts for traders
- Steps to Open Demat Account in Edelweiss?
- Benefits of Open Demat account In Edelweiss:
What is Demat Account in Edelweiss?
A Demat account allows the investors to hold shares and securities in electronic format. This online demat account helps you access your holdings and transactions from anywhere using Internet Banking or a mobile app. With the Demat account of Edelweiss, you become the part (client) of the retail trading business of the firm, which offers you various kinds of investment products that you can trade like equities, IPOs, and Mutual funds & many more.
What is Trading Account in Edelweiss?
The purpose of a Trading Account is to buy and sell securities in the stock market. Investing in the stocks market has changed with time, and now, you can easily invest in equities with just a click. For online investing in stocks, you need a trading account.
Edelweiss offers two types of accounts for traders
- Edelweiss Lite
- Edelweiss Elite
1. Edelweiss Lite
Edelweiss lite is “Light on Pocket, Rich on Features”- Basically it means less in price but best in features. This online trading plan is for those customers who want a trading platform with fewer charges and require help from the brokers on daily basis.
This plan offers :
Low and flat brokerage rate/ order for equity and F&O
Use model as you pay without relationship manager assistance.
Value-added services charge one at a time
No hidden charges
The brokerage charges are very low in comparison to other brokers.
Broking Charges of Edelweiss Lite :
|Equity Delivery||Rs. 10 / executed order|
|Equity Intraday||Rs. 10 / executed order|
|Equity Futures||Rs. 10/ Executed order|
|Equity options||Rs. 10 / Executed order|
|CUR Futures||Rs. 10/ Executed Order|
|CUR Options||Rs. 10/ Executed Order|
2. Edelweiss Elite:
Edelweiss Elite IS “Rich on features, high on privileges “- it means it will be best on features, and there will be best privileges too. A full-service brokerage plan for those frequent traders who want privileged services,
personalized offering and active advice. This plan offers :
All lite plan features included any charges
Complementary value-added services
Trade placement assistance with the dedicated relationship manager
Free calls with trade services
Custom made leverage
Active advice with portfolio monitoring
Permission on exclusive products
Broking charges of Edelweiss Elight :
|Equity Delivery||0.300 %|
|Equity Intraday||0.030 %|
|Equity Futures||0.030 %|
|Equity Options||Rs. 75.000/ lot|
|CUR Futures||0.020 %|
|CUR Options||Rs. 20.000/ lot|
Documents required to open Demat and Trading Account In Edelweiss :
- Identity Proof: Identity proof includes a PAN card, Adhar card, or any identity proof that defines your nationality, address, age, etc.
- Address Proof: Address proof is mainly for the verification of your permanent address and nation.
- Bank Account Details: Bank Account details include the account holder’s name and the account number. Personalized signed cancel cheque leaf/ Bank statement- last 3 months/ bank passbook with bank stamp and signature on the front page.
- PAN Card: PAN Card number is mainly for the identity proof or verification of the nationality.
- Mail ID: The holder mail Id whom the account wants to be opened
- Permanent Mobile number: The permanent Mobile number of the person whose account wants to be open is mainly for the OTP Verification.
- Income Proof: If you want to trade in derivatives, you have to provide. Bank Statement with latest 6 months/ salary slip with latest 3 months/ bank passbook with latest 6 months/ IT returns from the latest year.
- Live Photo: A live photo needs to be clicked while completing the online process.
Steps to Open Demat Account in Edelweiss?
Follow the steps to know how to open Demat Account in Edelweiss :
Step 1: Visit the official website of Edelweiss. in
Step 2: Enter your mail ID, and your mobile number
Step 3: Enter your PAN Card number
Step 4: Enter your DOB for the KRA (KYC Registration Agency, which maintains KYC details of an individual. It means if a customer is KRA KYC verified, his details are already saved with the SEBI/Registrar) verifications
Step 5: Enter your bank details ( this demat account will be linked to your trading account as well )
Step 6: Fill in the additional information like ( education, occupation, etc.)
Step 7: Now, Confirm your brokerage plan.
Step 8: Upload the scanned copies and required documents on the official website of Edelweiss
Step 9: You will receive a confirmation call from their side to complete the in-person verification (IPV) as per regulation.
Step 10: After completing the IPV and verifying the documents, Your Account will be Ready for Trading.
Note – You can visit this link to open Demat Account in Edelweiss Instantly.
Demat Account Charges In Edelweiss
For the first starting year, the annual maintenance will be Free. After the Second Year onwards, Rs. 500+ tax will be charged as applicable per year.
Edelweiss Demat Account Charges :
|Trading charges (one time)||Rs 0 ( FREE)|
|Trading AMC (Yearly)||Rs. 0|
|Demat Charges (one time)||Rs. 0 ( FREE)|
|Demat AMC ( YEARLY)||Rs. 300 (1st ONE YEAR FREE)|
|Margin Money||75% Margin|
Benefits of Open Demat account In Edelweiss:
Easy to Hold: Physical share certificates have the risk of damage. But in the Demat account, the investor doesn’t need to worry about the risk of damage. All shared are stored safely and securely in the Demat account.
Immediate Update: In every transaction, the portfolio will be updated. So, with just one click, the investor will get all the information about their holdings. As the details are already stored, the investors don’t need to fill in the details every time they do a transaction
Lower Cost: The investor has to bear the major cost of stamp duty when the physical certificate was used. But now, through Demat Account, the investor needs to pay less cost.
Less Delivery Risk: There was always the risk of loss of certificates, theft, fake certificates, and many more when physical certificates happened. But now, all these risks are eliminated with the reduction of paperwork. Once investors start trading, all the shares are automatically updated in their accounts.
Easy to Track: In earlier, if death or any other event happens, it would be a challenge to locate the physical share. But with Demat account shares coming into the picture, it’s easy to track and identify how the transfer formality will be completed.
In Conclusion, it describes how to open a demat account in Edelweiss with starting a demat account. Their features include Easy to hold, Immediate update, lower cost, less delivery risk, and easy to track. It also shows the types of accounts edelweiss provides: Edelweiss Lite Edelweiss Elight with their features and charges. All the documents required to open Demat account in Edelweiss are in the steps. We hope all your questions regarding the open demat account in Edelweiss have been answered.
Note – Read Our blog on how to open Demat Account in Zerodha