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How to Open A Trading Account Online in India

  • Highlights

  • Choose a stock broker

  • Fill account opening form

  • Upload KYC documents and e-sign through Aadhar

Approach any SEBI and exchange registered entity for opening Trading and Demat Account. It can be a bank or a stock broker, such as Bajaj Financial Securities Limited. They’ll require you to fill an account opening form that you can complete online within minutes. You just need to ensure to keep certain documents handy. Read on to know everything about opening your trading account online in India.

What is a Trading Account?

Share market has shares of companies listed on it that investors can buy and sell. A Trading Account is the interface that helps you place buy and sell order in the share market. You cannot participate in share trading without a trading account.

Step by step procedure on how to open a trading account:


1. Choose a Stock Broker


There are plenty of stock brokers offering you the option to open trading account. There are 2 kinds you need to choose from: 1) Traditional brokers 2) Discount brokers. Traditional brokers will offer you trading account along with additional services such as advisory, recommendations and research reports, etc. Due to the extra services, the brokerage levied on your trade transactions will be higher.
Discount brokers on the other hand provide you with trading account and access to basic tools which you can use to make trade decisions by yourself. As a result, they charge lower brokerage, generally a flat fee per trade irrespective of the transaction value of the trade.

2. Fill online Form:


Once zeroing on the choice of broker, next you fill an online account opening form. With Bajaj Financial Securities you can open a trading account online in less than 15 minutes by following the below steps:

  1. Visit account opening form

  2. Provide your PAN details and fill your name, contact number, email, etc.

  3. Add your address details, and bank details.

  4. Upload KYC documents for proof of identity and proof of address, a photo, signature, and the documents for bank details, like cancelled cheque or bank statement. If you want to opt for Futures &Options trading, then Income proof has to be submitted in addition.

  5. Do an In-Person Verification. Record a short video of yourself and submit.

  6. E-sign the document using Aadhar registered mobile number

Additional Read: How to Start Trading Stocks

3. Access your Trading Account


Once your account is opened, you will receive a confirmation along with login credentials. You can access your trading account and view the live share prices, create watchlist, and buy shares of your favourite companies. But before that you will need to add money into your trading account from your bank account.
Also, once your account is opened, a Power of Attorney (POA) form will be sent to you by the stock broker. It is a document that you need to print, sign and send to the stock broker. It authorizes the stock broker to debit shares from your account whenever you place a sell order. As per the regulations, Power of Attorney (POA) authorization is required to facilitate the sell instruction from your account.

Additional Read: How to Open Demat Account?

Documents to open Trading Account

For opening a Demat & Trading Account online with Bajaj Financial Securities Limited, you will need the soft copies of below documents

  1. Identity Proof: PAN Card

  2. Address Proof: Any one: Passport, driving licence, voter ID, Aadhaar card with masked Aadhar number or last 3-month bank statement

  3. Photo

  4. Signature on white paper

  5. Bank details- Cancelled cheque, bank statement with IFSC code and bank account no.

  6. Income proof - for F&O trading (Any one: 6-month bank statement, 3-month salary slip, Net-worth certificate, Holding report, ITR statement or Demat holding statement)


 

Trading Account Charges

Below are the brokerage charges for different subscription packs associated with BFSL Demat and Trading Account:

  • FREEDOM PACK
    ◦ Yearly Subscription Charge: 1st yr:Free, 2nd yr onwards: ₹ 431
    ◦ Demat AMC: Free
    ◦ Products Included:
    ▪ Equity
    ▪ Derivative
    ◦ Brokerage Rate:
    ▪ Equity Delivery: 0.10%
    ▪ Equity Intraday & F&O: ₹ 17 /order


  • PROFESSIONAL PACK
    ◦ Yearly Subscription Charge: ₹ 2,500
    ◦ Demat AMC: Free
    ◦ Products Included:
    ▪ Equity
    ▪ Derivative
    ▪ Margin Trade Financing
    ◦ Brokerage Rate:
    ▪ Equity Intraday & F&O: ₹ 7 /order
    ▪ Delivery -ZERO*
    ▪ MTF Interest Rate : 0.05% / day

 

Benefits of Trading Account

  • It helps place buy and sell order in the share market

  • It can be accessed from anywhere using mobile or laptop

  • Trading in Futures and Options requires you to have a trading account 

  • It keeps a track of your transactions in share market

FAQ’s:-

Can we open a trading account online?

Yes. Opening an online trading account with Bajaj Financial services is a convenient and hassle-free process. This paperless transaction will take 10-15 minutes of your time. You can fill out an online application and the salesperson will be in touch with you. Alternatively, you can fill the online form, upload the proof of identity and bank details and wait for approval. Your login details will reach you once your account is activated.

Link your bank account with your trading account to start trading in the stock exchange.

Can I open only a trading account?

Yes. You can open a trading account only. If you do not intend to buy shares and hold it for a long time, a trading account is sufficient.

You can apply for an IPO with a trading account only. As the transfer of shares will not happen immediately in case of an IPO, a Demat account is not required while applying for IPO. Also, if you are a trader of Futures and Options then the trading account is good to go as there will not be any transfer of stocks.

How long does it take to open a trading account?

At Bajaj Financial Services opening a trading account is just a 10-15 minutes process. Understand the documents required to open a trading account and keep them handy to upload into the system.

Fill up your online application form, keep your documents and proof of identity, address ready. The whole process of applying for your online trading account is easy, convenient, and paperless.

Your online trading account will be activated upon validation.

Disclaimer: Investments in securities market are subject to market risk, read all the related documents carefully before investing. Visit our website for other Terms & Conditions.

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