In this article we will discuss in detail about Canara Bank Demat Account.
Canmoney, a subsidiary of Cabanara Bank, besides dealing with every financial task efficaciously, the company also played a significant character in incorporating the cutting- edge technology and infrastructure in the market.
The best part about the company is that it offers a robust yet improvised trading market with superb promptness.
Thus, today account holders are seriously getting the Canara Bank Trading Account with a hope that they can seriously make the best from this super- efficient stock broking company.
Thus in this article, you can go through some of the underscored facts related to the same.
Canara Bank Demat Account
The Canara Bank Demat Account has some of the benefits, which will seriously make you use the account without a doubt:
- Fast online service: If you want to open the Demat account online, no need to worry at all because the professional company will let you have that promptly and instantly.
- Easy settlement: The best thing about the company is that they also offer easy financial settlement options as well. That means demat account holders do not need to worry about that at all.
- Transparent dealing: The demat account holders should always keep in mind that the company has got a wider base of account holders and it is because of their transparency and hassle free execution of work.
Open Canara Bank Demat Account – Fill up the Form Now!
How to Open an Canara Bank Demat Account?
To Open Canara Demat Account, you have to track down the following steps in low down points:
- Just check below for the “Open Demat Account” button which would be mentioned on a green button.
- Once you get the green button, click on it and when prompted, fill up the details as directed.
- The details list will comprise of fields, wherein you need to put your name, mobile number & city.
- Once the details are filled, the company will be notified of your interest and an executive will give you a call on the mentioned number. He/she would share an EKYC link which also has to be filled.
- The link will contain a form, which will ask you for details such as Pan card, Aadhaar card, and lastly your Date of Birth. You also will be asked to provide your bank details, precisely the Account number and the IFSC code.
- For the next step, you will have to upload scanned in documents, and they would majorly be Aadhaar card, PAN card, Passport size photo and in addition to that, you also have to submit the cancelled cheque.
- Once you are done, then you will receive a call from the company. It is just a routine verification call.
- And finally you will be able to have the demat account within a day, and all the log in details will be provided by you.
Check out Demat Account Opening Process of other Brokers
Canara Bank Demat Account Charges
|Canara Bank Demat Charges|
|Depository Participant||CDSL & NSDL|
|Account Opening Charges||Rs.350|
|Demat AMC||Rs.500 per Annum|
|Margin Required||Minimum Rs.25,000|
The Canmoney Account Opening Charges is certainly not something exorbitant as the company only charges Rs.350 as the charge for initially opening the amount. As for our opinion, we believe it is an average charge.
If a comparison basis is formed, some of the companies charge lesser, whereas some of the companies charge twice the Canara Bank Demat Account Charges.
At the same time, you also need to keep in mind that the users have to be ready with the required margin amount which is Rs.25,000. Such an amount is huge for people with limited capital.
Apart from that, the users also need to keep in mind that the company has CDSL and NSDL as its depository participant thereby minimizing the risk associated with investment.
Now talking about the dematerialization of the physical shares, the company surely allows users to avail for the dematerialization process.
Canara Bank AMC or Annual Maintenance Charges
The Canmoney AMC Charge is definitely high because the company charges only Rs.500 for the demat account maintenance. But the fact is that this amount has to be paid on yearly terms so amendments can be made by the investors accordingly.
Now talking about the charge for the trading account, we have good news for the investors, as company has made it free of charge.
This means users don’t need to pay anything like the annual maintenance charge for the trading account. Therefore precisely you can quote that it is a winning condition for users especially in regards to the trading account.
Check out Demat Account Opening Charges of other Brokers
|Edelweiss Demat Account||SAMCO Demat Account||Bonanza Demat Account|
|Geojit Demat Account||Tradebulls Demat Account||Nirmal Bang Demat Account|
|HDFC Demat Account||Upstox Demat Account||Fyers Demat Account|
|ICICI Demat Account||Ventura Demat Account||IDBI Demat Account|
Canara Bank Trading Account
The Canara Bank trading account has some of the featured privileges that make people avail it at once:
- Free trading facility: The first thing about the stockbroking company is that they are quite flexible about trading account which means you don’t have to pay anything for that.
- A whole range of products: One more advantage that you can enjoy at the company is that it offers arrays of products, which includes the futures, commodity trading as well as the currency trading.
- Best exposure: It is indeed a good thing for the traders as the company offers them enough exposure, to meet their investment demand.
Canara Bank Demat Account – Conclusion
The Canara Bank is one of the propitious stock broking companies in India which has definitely made the broking easy with its improvised mobile trading apps. One most significant thing about the company is that it is very transparent to its clients.
That means the Canara Bank Demat Account on apps is so devised in a friendly way that clients can be briefed at once regarding the facts related to the stock market.
Apart from that, the clients also get ample of researched information regarding the stock market as well. For traders, definitely it is a boon because they can easily transfer funds without any hassle. In addition to that, you can also experience amazing speed.
Open Canmoney Demat Account – Fill up the Form Now!
Find out Demat Account details of other Stock Brokers
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