Edelweiss Demat Account – Find Opening Process, Charges & moreLast Updated Date: Mar 17, 2023
The Edelweiss Demat Account is offered by Edelweiss, one of the premier financial service firms in the country and one of the renowned brokerage houses.
This article will revolve around the various features and benefits of the Edelweiss Trading Account and the Demat account. We will also discuss the multiple ways you can opt to open these accounts with Edelweiss.
The article will also let you know about the various charges associated with these accounts, like the account opening charges, a 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; it has a presence in different parts of the country, and its headquarters is in Mumbai.
The Edelweiss Group has been there since 1995, and one of the oldest and premier financial service firms is in this group of companies.
Edelweiss is an all-time winner in the Top 10 Demat Accounts and it is a reason for having a huge clientele among others. Edelweiss is a strong group and the broking firm is one of the main players in the group.
Some of the major benefits of the Edelweiss Demat Account are –
Wide Range of Products & Services
With the Demat account of Edelweiss, you become part (client) of the retail trading business of the firm, which offers various investment products which you can trade like equities, IPOs, Mutual funds & more.
The Edelweiss research team is prudent enough to do great research in the field of investments that help you make profitable trades.
They offer a wide range of trading platforms, from terminal software to mobile applications. You can avail yourself of the research reports and market information on all these platforms.
Edelweiss Group is present 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 facilitated by Edelweiss daily.
Awards & Recognition
The firm has a lot of accolades attached to its name as well, like “ABP BFSI Awards in 2017” “Best Broker in India at Financial Asia (Hong Kong) Country Awards 2016” and others.
The Edelweiss Review section comprises all the facets that might interest you in trading with Edelweiss.
Open Edelweiss Demat Account – Fill up the Form Now!
How to Open an Edelweiss Demat Account?
The steps to Open an Edelweiss Demat Account are as follows –
- First, you need to click on the button below that says “Open Demat Account.” Click on the same.
- You will see a form popping up. You need to fill out the form with the details and then submit the same.
- Then you will receive a call from Edelweiss KYC Team & they will share an EKYC link with you.
- You need to upload the documents like AADHAAR, PAN card scan copy, cancelled cheque, and a photograph of yours.
- Once you are done with uploading things, you need to wait for the call from the Edelweiss executives, who will guide you about the remaining process.
- Once the account is open after thorough verification, you will receive the login credentials in the email address provided by you.
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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 higher than its peers. However, the firm provides Demat services associated with NSDL and CDSL that justify Edelweiss Demat Account Charges.
There are two different types of Demat accounts that you can open with Edelweiss, which are differentiated based on 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 a personalized trading facility.
Edelweiss Lite Plan: The 2nd plan is Discount Brokerage Plan, where the brokerage is low as the trader takes minimum support from the broker. This online trading facility is for 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 the brokerage house frequently rolls out these offers. Presently, there is no AMC or account maintenance charge for the first year you hold the Demat account. AMC for 1st year is waived off.
Rs.300 for the Demat account’s maintenance per year is taken following the first year. And the trading account has no maintenance charges attached to it.
To know more, also check Edelweiss Brokerage Charges.
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 a 75% Margin as the margin money.
The margin can go up according to the brokerage plan you choose, which will also decide your brokerage charges. If you select Lite Edelweiss Plan, the Margin money requirement will be zero.
With the Edelweiss Trading account, you will get four different kinds of the 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 you can access for trading with Edelweiss is their trading terminal, Edelweiss TX3 Terminal.
- And finally, the mobile trading platform is known as Edelweiss Mobile Trader.
Edelweiss Demat Account – Conclusion
With the Edelweiss Demat Account, you can trade investment options from direct equities to mutual funds. There are various trading platforms, and this firm offers a lot of services to assist and facilitate your trading.
Edelweiss Demat Account FAQs
Here is the list of FAQs related to the Edelweiss Demat Account:
How can I open Edelweiss Demat Account?
Click on the “Open Demat Account” button on this page, and it will eventually lead you to a pop-up form. Fill it up quickly using the correct contact details and submit it. For the next steps, you have the KYC and account verification, wherein you need to fill out the form and provide scanned images of certain documents.
Is Edelweiss Demat Free?
No, there is a charge associated with opening a Demat account. The Demat account opening charge is not all, as an additional account maintenance charge is associated with the Demat account. The clients must duly pay these charges.
What is Edelweiss Demat Charges?
Two different kinds 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, which can also be waived.
Is AMC levied on Edelweiss Demat?
Yes, this stockbroker has levied an AMC for the customers, but a perk is attached. 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 stockbroker.
Is Edelweiss’s Demat Account best?
Yes, this company has gathered a lot of positive reviews as they have incorporated the trait of successfully satisfying their customers. They are a pro in many domains, and they provide the best Demat account services, making them an attractive option for newbies.
Does Edelweiss provide Demat a/c?
Yes, this stockbroker 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. A Demat account is the first step required for stock market investment.
What Documents are required for Edelweiss’s Demat?
The set of documents required is almost basic and goes as – an Aadhaar card, PAN card, passport size photograph, and cancelled cheque. They prove your identity and let you easily place your trade order, ensuring better mobility of funds from your bank account to your Demat account.
Is Aadhaar Compulsory to Open Edelweiss Demat?
Yes, Aadhaar Card is one of the many documents you need to go past the account opening process. First, you need to prove your identity, and the Aadhaar Card does the job. Also, it lets you digitally sign the KYC form.
Is PAN required for Opening Edelweiss Account?
Yes, PAN is one of the most important documents 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 the mobility of funds.
Do they Charge the Demat Account opening Fee?
Yes, there is a designated charge that the client must pay when they apply for a 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.
Is Edelweiss demat account free?
Edelweiss offers no Annual Maintenance Charge offer for the first year, and from the subsequent year, customers are required to pay Rs. 300 and taxes every year for the services. Also, it charges an inter-settlement charge for the transaction of securities from one Demat account to other.
Is Edelweiss good for trading?
Edelweiss is a registered, trusted entity bearing all requirements from appropriate authorities. It has been in business for a long time and has earned the faith of its customers. It is a SEBI-registered stockbroker connected with NSE, BSE, NCDEX, and MCX.
What is demat account Edelweiss?
The Edelweiss Demat Account allows you to hold securities in their dematerialized form easily. It offers you simple one-step login, fast and secure trading, and access to a world of opportunities.
Is Edelweiss SEBI registered?
Edelweiss Broking Limited is registered and regulated by SEBI under the guidelines. It is licensed to carry out its business as a stockbroker and serve its purpose.
What is the Edelweiss brokerage fee?
It charges a very nominal sum of Rs. 10 per trade under its Edelweiss Lite Plan, which is in place for online trading. It charges 0.30% for delivery, and 0.03% for equity intraday & futures.
Edelweiss does not charge for account opening.
How do I complain to Edelweiss?
Edelweiss is a customer-friendly entity, and to reach out to it for any query or grievance; you can use its Customer Care number 1800-102-3335 or write to it at firstname.lastname@example.org.
How do I check the status of my Edelweiss account?
It is an easy process. All you have to do is log in to Quick buy/sell. Go and click on the Available to the Trade section. Go to Fund Transfer History and check the Funds status. You can easily check your status of fund transfers from here.
How do I check my Edelweiss POA status?
Check your complaint status easily by going to your profile and clicking on the Service Request tab. Requests are segregated into completed or pending here for better understanding in different tabs.
How do I close my Edelweiss Demat account online?
The customer shall initiate the request for closing the account in paper format. Therefore, request through email, call, or other online means is not available. You must submit a stamped and sealed Client master list of securities in the Demat account. You can reach out to the RM or call Edelweiss to close the account.
What is delivery plus in Edelweiss?
Delivery Plus (NRML) is an innovative product. With this, you can buy Edelweiss-approved stocks in the Cash Segment.
With the FNO Plus, investors can easily transact on the FNO segment. There are other such innovative products also.