Edelweiss Demat Account – Find Opening Process, Charges, AMC & more
The Edelweiss Demat Account is offered by Edelweiss which is one of the premier financial service firms in the country and one of the renowned brokerage houses as well.
This article will revolve around the various features and benefits of the Edelweiss Trading Account and the Demat account that it offers and we will also discuss the various ways that you can opt for opening these accounts with Edelweiss.
The article will also let you know about the various charges that are associated with these accounts like the account opening charges, margin that you are required & more
We will begin with the details of the Edelweiss Demat account and then will gradually take you through all the intricate details.
Edelweiss Demat Account
The Edelweiss Demat Account is a product of Edelweiss Broking Ltd. which was established in the year 2008 and it has presence over different parts of the country and its headquarter is in Mumbai.
The Edelweiss Group is there from 1995 and one of the oldest and premier financial service firms are in these group of companies.
There is a huge clientele that this group of companies has and the broking firm is one of the main players amongst the group.
Some of the major benefits of Edelweiss Demat Account are –
Wide Range of Products & Services
With the Demat account of Edelweiss, you become the part (client) of the retail trading business of the firm which offers various investment products which you can trade like the equities, IPOs, Mutual funds & more.
Top Notch Research
The Edelweiss research team is prudent enough to make great research in the field of investments that help you make profitable trades.
They offer wide range of trading platforms as well from terminal software to mobile applications and you can avail the research reports and the market information on all these platforms.
Edelweiss Group is present all across the country with 475 offices located in different parts of the nation in around 200 locations. There are more than 12 lakhs of clients who are facilitated by Edelweiss on a daily basis.
Awards & Recognition
The firm has a lot of accolades attached to its name as well like “ABP BFSI Awards in 2017” and “Best Broker in India at Financial Asia (HongKong) Country Awards 2016” and others.
Open Edelweiss Demat Account – Fill up the Form Now!
How to Open an Edelweiss Demat Account?
The steps to Open Edelweiss Demat Account are as follows –
- First, you need to click on this button below that says “Open Demat Account”. Click on the same.
- You will see a form popping up. You need to fill the form with the details and then submit the same.
- Then you will receive a call from Edelweiss KYC Team & they will share a EKYC link with you.
- You need to upload the documents like AADHAAR, PAN card scan copy, canceled cheque, and a photograph of yours.
- Once you are done with uploading things, then you need to wait for the call from the Edelweiss executives who will guide you about the remaining of the process.
- Once the account is open after thorough verification, you will receive the login credentials in the email address provided by you.
Check out Demat Account Opening Process of other Brokers
Edelweiss Demat Account Charges
|Edelweiss Demat 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 Year Free)|
|Margin Money||75% Margin|
The Edelweiss Account Opening Charges is Rs.0 which is a little higher than its peers. However, the firm provides Demat services in association with both NSDL and CDSLthat justifies Edelweiss Demat Account Charges.
There are two different types of Demat account that you can open with Edelweiss which is differentiated on the basis of the Brokerage plans. –
Edelweiss Elite Plan: This is a Standard Plan with which you can trade and pay brokerage as per the percentage of the trading amount. You get free Relationship manager service in this plan and also personalized trading facility.
Edelweiss Lite Plan: The 2nd plan is Discount Brokerage Plan where the brokerage is super low as the trader takes minimum support from the broker. This is an online trading facility for the new-age traders with exponentially low brokerage charges.
Edelweiss AMC or Annual Maintenance Charges
The Edelweiss AMC can be free if you get such an offer and these offers are frequently rolled out by the brokerage house as well. Presently, there is no AMC or account maintenance charge for the first year you hold the demat acccount. AMC for 1st year is waived off.
Following the first year, Rs.300 for the Demat account’s maintenance per year is taken. and the trading account has no maintenance charges attached to it.
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Edelweiss Trading Account
Edelweiss Trading Account offers you a whole world of investment options. There are stocks of NSE, BSE, MCX, and other stock exchanges and commodity exchanges.
You can trade Derivatives, currencies and many other investment options just by keeping 75% Margin as the margin money.
The margin can go up according to the plan of brokerage you choose and that will also decide your brokerage charges. If you choose Edelweiss Lite Plan, Margin money requirement will be zero.
With the Edelweiss Trading account, you will get four different kinds of trading platform which are –
- Online Trading Platform or Browser-based trading platform accessible on edelweiss.com.
- The second one is the Edelweiss Express which is a terminal-like web-browser platform.
- The third platform that you can access for trading with Edelweiss is there trading terminal which is Edelweiss TX3 Terminal
- And finally, the mobile trading platform which is known as Edelweiss Mobile Trader.
Edelweiss Demat Account – Conclusion
With the Edelweiss Demat Account, you can trade any investment options from direct equities to mutual funds and there are various trading platforms and a lot of services are offered by this firm to assist and facilitate your trading.
Edelweiss Demat Account FAQs
Ques – How can I open Edelweiss Demat Account?
Answer – Click on the “Open Demat Account” button in this page and it will eventually lead you to a pop up form. Fill it up quick using the right contact details and submit it. For the next steps you have the KYC and account verification, wherein you need to fill the form and also provide scanned images of certain documents.
Ques – Is Edelweiss Demat Free?
Answer – No, there is charge associated with opening a demat account. The demat account opening charge is not all, as there is an additional account maintenance charge associated with the demat account. These charges must be duly paid by the clients.
Ques – What is Edelweiss Demat Charges?
Answer – Two different kind of charges must be paid for the ownership of the demat account with Edelweiss, and they have to be paid as per the prescribed intervals. The account opening charge is Rs.0, whereas the demat account AMC is Rs.300 per annum and it can also be waived off.
Ques – Is AMC levied on Edelweiss Demat?
Answer – Yes, this stock broker has levied an AMC for the customers but there is a perk attached to it. The clients have to pay the charge of Rs.300 once every year. However, it may as well be waived off, if the customers fulfil the stated conditions by the stock broker.
Ques – Is Edelweiss’s Demat Account best?
Answer – Yes, this company has gathered a lot of positive reviews as have incorporated the trait of successfully satisfying their customers. They are a pro in a lot of domains, and they provide the best of demat account services, making them an attractive option for newbies.
Ques – Does Edelweiss provide Demat a/c?
Answer – Yes, this stock broker provides demat account services for its clients. It is via the demat account that the clients can invest in multiple financial products, all belonging to different segments. Demat account is the first step required for stock market investment.
Ques – What Documents required for Edelweiss’s Demat?
Answer – The set of document required are almost basic and go as – Aadhaar card, PAN card, passport size photograph and cancelled cheque. They prove your identity and lets you easily place your trade order, ensuring better mobility of funds from your bank account to demat account.
Ques – Is Aadhaar Compulsory to Open Edelweiss Demat?
Answer – Yes, Aadhaar Card is one of the many documents which you need in order to go past account opening process. For the first thing, you need to prove your identity and the Aadhaar Card does the job. Also, it lets you digitally sign the KYC form.
Ques – Is PAN required for Opening Edelweiss Account?
Answer – Yes, PAN is one of the most important documents which you need, to go through the account opening process. This card lets you prove your financial status, and at the same time, it links your bank account to that of your demat account for mobility of funds.
Ques – Do they Charge Demat Account opening Fee?
Answer – Yes, there is a designated charge which must be paid by the client at the time they apply for demat account opening. This is a one time charge and is not supposed to be repaid. The fixed upon charge is Rs.300, and the new users are obligated to pay it.
Open Edelweiss Demat Account – Fill up the Form Now!
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