Goodwill Wealth Demat Account – Find Opening Process, Charges, AMC & more

This articles goes out about the information on the 2-in-1 account the Goodwill Wealth offers, which includes the Goodwill Wealth Demat Account and a Trading account.

Goodwill Wealth is one of the top-rated stock trading companies in the country right now that offers tons of financial services like Commodity trading, Currency trading, Options, Futures, Mutual Funds, SIP, and Insurance. Apart from that, they provide a wide range of Intraday and IPO services.

About the company, it has incorporated in the year 2008 and founded by Gandhimathi Baskaran. It is a private limited company with the headquarter located in Chennai, the capital city of Tamil Nadu.

Now, they are delivering quality stock trading products and services since its debut, and now, we can consider them a full-service stockbroking company. So, what we are considering here is whether you should open an account with Goodwill Wealth or not.

To answer that, you must know all the features and benefits of the Demat account and the Trading account. So, in this article, that would be our prime focus. What we would also discuss is the steps to open the account and the price it will cost you for Goodwill Wealth Trading Account and Demat account.

Goodwill Wealth Demat Account

Apart from all the products and services that they offer, we are here to discuss the main advantages of opening a Goodwill Wealth Demat account. So, take a look at the most significant benefits:

• When we talk about the Depository Participants, we usually consider either one of them – CDSL or NSDL. Now, what’s interesting is that Goodwill Wealth has managed to pull off a deal to make both CDSL and NSDL as their Depository Participants.
• The account that we are discussing is a 2-in-1 account comprises of a Demat and a Trading account. The thrilling part here is that the account is free to open. So, free of cost, you will get not only a Demat account but also the Trading account. Now, since Goodwill Wealth doesn’t deal with any banking activities, they can’t help you with a Savings account.
• It is effortless and quick to open an account with Goodwill Wealth. You will only need some minimal documents to finish the KYC verification, and you can use your account then. Of course, we will discuss the steps in details later.
• One of the most compelling reasons that should inspire you to open an account with Goodwill Wealth is because of their overall fee structure. The brokerage fee is within a favorable zone, and the AMCs of the accounts are reasonable, as well. We will cover this segment separately later in this article.
• It has been mentioned before, but with Goodwill Wealth, you can perform tons of other financial tradings prior to trading stocks. Those include Commodity trading, Currency trading, Options, Futures, Mutual Funds, SIP, and Insurance.

Open Goodwill Wealth Demat Account – Fill up the Form Now!

How to Open an Goodwill Wealth Demat Account?

As mentioned before, Goodwill Wealth offers a 2-in-1 account comprising of a Demat and a Trading account.

Steps to open Goodwill Wealth Demat account:

1. Look out for the green button and click on “OPEN DEMAT ACCOUNT” to fill the pop up form in order to get a call back from the executives.
2. Once the new page loads up, you can see a form asking for your contact information. Note that there are 7 sets of information that they want to open your account instantly. You need to provide the correct information every time.
3. Documents details you need to fill up are Aadhaar card, PAN card, Date of birth, bank account number and IFSC code.
4. There will come a step where they will ask for the documents that you need to upload digitally. It can take some time to verify the KYC, and the required scanned copies to be uploaded are Aadhaar card, PAN card, passport size photo and a cancelled cheque.
5. This is the final procedure, where you will have to sign the end of the document, and it is to be done using Aadhaar card, or offline.
6. Submit the form and an executive will call you back again shortly, to confirm your account status.
7. Once done, you will receive a welcome email containing all the credentials to access your accounts. Begin trading after that whenever you are ready.

Goodwill Wealth Demat Account Charges

The discussion of the account opening fee should start with what is the industry standard rate. Usually, an established stock trading company charges between Rs.200 – Rs.500 to open a Demat and a Trading account.

However, Goodwill Wealth Account Opening Charges are free. Depository Participants are both CDSL and NSDL, which is a good thing, considering a large number of stock trading companies failed to manage that.

Now, there is another aspect that we should talk about – the margin money threshold level. Usually, a reputed stock trading company charges between Rs.5,000 – Rs.15,000 as the minimum margin money. Whereas, in this case, it is Zero.

Meaning, a trader can start trading almost instantly without spending anything extra as in the Goodwill Wealth Demat Account Charges. The availability of the Dematerialization of physical shares makes the service every more lucrative.

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Goodwill Wealth AMC or Annual Maintenance Charges

What we typically understand about AMC is that it is a written agreement between a buyer and a seller. The seller must provide maintanance support to any particular product or service for a period of one year. In return, there is a cost involved.

Now, Goodwill Wealth AMC levied of the Demat account is Rs.333. That, according to most experts, is a fair amount considering the industry standard.

However, the fact that they also charge Rs.230 for the AMC of the Trading account has raised a few eyebrows. Many believed this price is unnecessary as most of the stock trading companies skip this fee.

Goodwill Wealth Trading Account

While the Demat account has its merits, the Goodwill Wealth Trading account, considering which has an AMC fee, also has its features and benefits. So, we will take a look at the most significant ones right now:

• First of all, Trading accounts are mandatory. You cannot really do any kind of online trading without owning one Trading account. Meaning, you can’t sell or purchase anything online. The bids can’t be cancelled as well without a Trading account.
• As mentioned before, customer care support is top-notch in the industry. Over 40 centers are distributing services all over India. Alongside that, the email service is there to resolve any problem quickly.
• Commodity trading, Currency trading, Options, Futures, Mutual Funds, SIP, Insurance, and many more services are all you can do with a Goodwill Wealth Trading account.
• The Trading account opening is free of cost.

Goodwill Wealth Demat Account Conclusion

Despite some flaws, Goodwill Wealth is a quality stock trading company. So, in our verdict, you should positively consider opening a Goodwill Wealth Demat Account and Trading account.

The support team is also competent in offering services to both offline and online clients. The company has 40 branches all over the country, catering quality services to nearby clients. The email support is good enough to handle any issues and suggests problem escalation techniques.

Open Goodwill Wealth Demat Account – Fill up the Form Now!

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