Are you interested to open Demat and trading account in Motilal Oswal? Motilal Oswal was founded in the year 1987 by Mr. Motilal Oswal and Mr. Ramdeo Agrawal as a sub broking firm. Starting from zero Motilal Oswal is a well renowned financial brand, holding top awards in the field of finance and the stock market. The company in 3 years became a part of BSE(Bombay Stock Exchange).
The company provides a broad range of services such as wealth management, commodity broking, portfolio management services, broking and distribution, institutional equities, private equity, and investment banking services. The company has tied up with different firms like State Bank of India in 2006, Punjab National Bank in 2007, and Axis Bank in 2013 for offering Trading to the customer.
- What are Trading and Demat accounts?
- Know About Motilal Oswal Demat and trading Account
- Documents required to open Demat and Trading account in Motilal Oswal
- How to open Demat and Trading Account in Motilal Oswal in online mode
- How to open Demat and Trading Account in Motilal Oswal in Offline Mode
What are Trading and Demat accounts?
Trading account- trading account is used to carry out the trading which is to buy the stock or sell the stock. This account is also known as the investment account where you can keep securities, cash, and other holdings to undergo buying and selling of assets in the future.
Demat Account- Demat account is used for keeping the financial securities in electronic form. The account is usually handled by two depository organizations that include National Securities Depository Limited and Depository Services Limited.
Know About Motilal Oswal Demat and trading Account
The Demat account provided by Motilal is responsible to hold the accountability of all the investments that one makes in government securities, shares, and bonds in one safe place. This makes it easier to handle and access the document from one place, anywhere in the world. It is quite similar to a bank account. The security of the account is taken care of by the faster conversion rate and quick activation process.
Documents required to open Demat and Trading account in Motilal Oswal
The documents mentioned here are important for both the online and offline Demat account opening in Motilal Oswal. The online procedure holds uploading the documents online and offline you need the hard copies.
Documents required for the process are:
- You need one colored passport size photo
- Secondly, you need the bank statement that will include: copy of the bank statement, canceled cheque, copy of the first page of the passbook.
- You need to provide your address proof which can be submitted by Passport copy, driving license, electricity or phone bill, a copy of ration card any of them would work.
- Last but the most important is Pan Card.
Note- Cancelled cheque should contain the name of the account holder, the one who is applying for the opening of the Demat Account. In all these are the 4 most important documents if you are interested in opening a Demat account in Motilal Oswal. Remember you also need to provide your digital signatures.
How to open Demat and Trading Account in Motilal Oswal in online mode
Demat account opening in Motilal Oswal is quite simple and hassle-free; you just need to keep the documents ready for upload. It offers 2-in-1 accounts (trading + Demat account). Customers have the option to open just the trading or Demat account. The process is smooth and also there is no paperwork which makes it stress-free.
Step 1- for opening a Demat account in Motilal Oswal you need to provide the phone number.
Step 2- After receiving an OTP you need to provide your OTP and email address.
Step 3- After verifying the phone number another screen will appear. Here you have to provide your Pan Card, Adhaar Card, account number and Ifsc code, client photo, and digital signature.
Step 4- On the same screen, you need to provide the OTP shared on the Email to verify your Email address too.
Step 5- After this whole verification process, you just need to provide your personal information that includes your name, age, and all.
This is how you can easily open your Demat account in Motilal Oswal.
Note- If you want to trade in the future and option, Commodities or Currency, it is mandatory to provide a 6 monthly bank statement as proof for the same.
How to open Demat and Trading Account in Motilal Oswal in Offline Mode
Motilal Oswal offers 2-in-1 accounts (trading + Demat account). They have the option to open just the trading or Demat account. If you wish to open your free Demat account offline you need to go through a lengthier process. The process includes
Step 1- you need to get the form from the website of Motilal Oswal or visit the nearest branch of the same.
Step 2- Fill the form, provide the documents mentioned above, and put the physical signature on the form.
Step 3- submit the form or send it to the head office of Motilal Oswal.
Step 4- After a few days, you will receive the welcome kit which will include the password for your trading account.
You just need to log in with the credentials and start with your free Demat account services.
Additional Terms and conditions for opening Demat Account
- The one who is opening a Demat account must have an active mobile number which should be linked to your aadhar card (this is to complete the signup process).
- The bank details which must be provided should have a clear Name, an Account number, IFSC, and MICR code printed on it. If any of these are not visible then they can be easily rejected.
- The cheque should have your name inscribed on it with the IFSC code and also the account number.
- The signature that must be uploaded should be done with a pen on white paper. Using pencils and other markers can be easily rejected.
- If you want to submit the document for income proof such as
Latest salary slip
Networth certificate from a CA
Income Tax Return Acknowledgment
Other ways to open Demat and Trading account in Motilal Oswal:
You can easily contact via call and ask the executives to fix appointments to the investment advisor at a time which is convenient to you and can easily opt for the trading account with complete information. You need to contact them on 022-30896680.
There is another way to open an account by simply texting them on 7039005999 and drop MOSLINFO as the text. The call executive will receive the message and will give you a callback.
Going to the branch
You can easily reach them at the nearest branch located near you and they will help open the account.
You can easily drop them an email with our current phone number and email address and they will contact you. Mail them on [email protected]
Benefit for opening Demat Account in Motilal Oswal
Motilal Oswal is one of the leading discount brokers of the company. The company has provided benefits for its customers and is still providing the same.
1. You can easily protect the documents from loss, Damage and Theft.
2. You can save yourself from Fraud, Forgery, and Impersonation. The data was saved. Physical documentation can easily get forged but the one kept in Demat cannot be forged or replaced.
3. Using a Demat account you can easily buy or sell the share with just one click.
4. You can easily claim a loan from the Demat accounts. It can be used as collateral for the same.
5. With a Demat account you can deal in Equity Linked Savings Schemes (ELSS), Unit Linked Insurance Plans (ULIPs), commodities, and Futures & Options (F&O).
Charges for opening Demat account in Motilal Oswal
There are zero charges for opening a Demat account in Motilal Oswal. There is a certain amount of the charge for ( annual maintenance charge) AMC. The fees for AMC also vary from plan to plan. They offer a value pack for rupees 3000 which includes the free Demat account and is free from the AMC charges.
Opening a Demat account in Motilal Oswal gives out the benefit of one-month free trading. One-month brokerage charges are also free.
Motilal Oswal is the leading service broker providing the best services to date. You can easily open the Demat account online and offline. The process hardly takes 5 to 10 minutes if the documents are readily available. Always remember before opening the account check the details for the charges taken by the company. It can vary from time to time.
Frequently Asked Question
What are the Annual Maintenance charges of Motilal Oswal?
Trading account opening charges (one time) – Rupees 0
Demat Account Opening Charges (One Time)- Rupees 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)- Rupees 0 (from second year onwards rupees 400)
Trading Annual Maintenance Charges AMC (Yearly Fee)- Rupees 0
Customer Care number of Motilal Oswal?
You can easily call them on the given numbers – 022 40548000, 022 67490600. Also, you can reach them at [email protected]
Where is Motilal Oswal Head Office?
The headquarters of the company is located in Mumbai. The complete address for the same is Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai – 400025.
What are the charges for delivery in Motilal Oswal?
They charge 0.05% of the equity delivery trade.
Charges for Motilal Oswal for intraday?
They charge 0.05% for intra-day trades.
Charges for options in Motilal Oswal?
They charge Rs 100 per lot for equity, currency, and commodity options trading.
Charges for commodities in Motilal Oswal?
Motilal Oswal brokerage charges for commodity futures are 0.05%
Motilal Oswal charge for currency trading?
They charge Rs 20 per lot for currency futures trading and Rs 20 per lot for currency options trading.
Does Motilal Oswal deal in Mutual Funds?
Yes, they do offer Mutual Funds. You can buy/sell Mutual Funds, just need the account with Motilal Oswal.
Motilal Oswal provides tips?
Yes, Motilal Oswal provides trading tips. They provide tips for stock and commodity trading to their customers.