KR Choksey is one of the prominent full services brokers from Mumbai and their KR Choksey Demat Account is well praised.
The company was incorporated in the year 1979 by Kisanbhai R. Choksey. In fact, they represent the very beginning of the investment culture in India.
The company has grown from one branch to over 120 branches across the nation. And, they currently operate under the licences of BSE, NSE, MCX and NCDEX. The experience of serving for 4 decades has given them an edge over their competitors. And, that’s one of the major reasons why they are recognized as one of the best in the nation.
Today’s article is all about a very specific service they provide Choksey Trading Account, alongside demat account. We’ll tell you all about these accounts.
KR Choksey Demat Account
The company sees to it that KR Choksey Demat Account is stuffed with features. These features help the customers with their investment process and, they even come out as tremendously beneficial for the clients. So, we’ve prepared the complete list of these benefits right below this very section. Just have a sneak peak:
- The company has an experience of 40 years worth of serving. This makes their Demat Accounts one of the best seasoned accounts within the entire nation. In fact, all this experience even allows them to cater to the unusual problems that their customers face sometimes.
- Account opening charge incurred is quite low. This is a standard charge and is incurred as a one-time fee. The company does grant free Demat AMC, nonetheless. This means that the customers can avail the facilities of the Demat Account throughout their life for free.
- The company often comes with great discount offers on the brokerage charges. They even grant certain holiday related offers to their clients. This allows their clients to save a lot of the investment money that goes into regular formalities. In fact, this money can be redirected towards further investing.
- They happen to have a user friendly online investment portal. This helps their clients to easily look for, determine the suitable stock and invest upon them with ease.
- Advisory services of the company are great as well.
- They have the lowest transaction cost in the entire industry. This makes things easier for their clients.
Open KR Choksey Demat Account – Fill up the Form Now!
How to Open an KR Choksey Demat Account?
In case you’re looking forward to get yourself a KR Choksey Demat Account, then you’re in luck today. As, we’ve deeply understood the complex ways in which you can do so. And, then we’ve created a rather easy solution to get you one.
So, all you need to do is follow the instructions mentioned below and make sure you implement them in the correct order.
And, here’s how the process to open KR Choksey Demat Account goes:
- The process begins with locating a special button at the end of this section. The button we’re talking about is marked with a tag ‘Open Demat Account’ on top of it. You must click this button to initiate the process.
- This will take you to a form that pops up on your screen as soon as you click on that button. Fill in your contact details to direct a company executive your way.
- As soon as you receive a call from the executive, you may discuss all your doubt and at the end, he would share a link to EKYC.
- The next step is to carefully go through that form. You must understand every bit of information mentioned within that form. The information you will basically be asked is Aadhaar number, PAN number, date of birth, bank account number and the IFSC code.
- This step is to submit the filled up form on to the website. This step will require you to even submit a couple of other documents in scanned copy. These documents are required to prove your authenticity of the information. You will need photograph, AADHAAR Card, Pan Card and a cancelled cheque.
- The steps above conclude all on your end, after you sign the end of the form digitally. In fact, after submitting the filled up form and the set of documents, you do not require to do anything else but wait.
- You’ll receive a call from the company in time. A company representative will guide you through any further formalities. And, this very call will decide if you get to have a Demat Account of the company.
Check out Demat Account Opening Process of other Brokers
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|ICICI Demat Account||Ventura Demat Account||IDBI Demat Account|
KR Choksey Demat Account Charges
KR Choksey account opening charges are kept to a minimal by the company. In fact, only a sum of Rs.300 is charged as KR Choksey Demat Account Charges from the clients. The AMCs are a totally different subject nonetheless.
|KR Choksey Demat Account Charges|
|Depository Participant||CDSL & NSDL|
|Account Opening Charges||Rs.300|
|Trading AMC||Rs.450 per Annum|
|Margin Required||Minimum Rs.20,000|
They require their clients to have a margin money balance of Rs.20,000. This is actually a lot more than what other companies demand, but so is it beneficial for repeated trades, as you need funds in your account anyway.
KR Choksey AMC or Annual Maintenance Charges
AMC is a recurring charge that the service brokers incur on their clients. This acts as the basis of foundation for multiple service provision over the year.
In case of KR Choksey AMC, the company is determined to provide free Demat Services. This means that they do not incur any kind of Demat AMC whatsoever. However, they do require their clients to pay a sum of Rs.400 per annum as Trading AMC.
Check out Demat Account Opening Charges of other Brokers
KR Choksey Trading Account
Much like KR Choksey Demat Account, KR Choksey Trading Account comes with numerous benefits. And, we’ve prepared a complete list of these benefits which goes as follows:
- They have more than 120 branches planted throughout the nation. These branches can be accessed to get personalised offline advisory.
- They offer an increased trading leverage of up to 6 times the average gains. This basically helps in getting more by spending less.
- These accounts come integrated with multiple trading platforms. And, each of these platforms is enriched with multiple advanced analytical tools. These tools can be used to perform critical analyses and, thus gain better profits.
- These accounts come with added advisory from the company. Advisory like Fundamental Reports, Free Stock Tips, Annual Reports, Daily Market Review and more.
- Backoffice has hold of all your recent as well as past activities.
KR Choksey Demat Account Conclusion
We feel great about KR Choksey Demat Account. In fact, we totally recommend having one.
They come with user friendly investment and trading platforms. They have enormous experience. And, they even incur the lowest transaction charges. There isn’t anything more that you can typically demand from a company like them.
Open KR Choksey Demat Account – Fill up the Form Now!
Find out Demat Account details of other Stock Brokers
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