Options of demat accounts seem never-ending, with the sprawling list of stock brokers. This makes it difficult for anyone to choose a particular stock broking house, and this article focuses on the aspects of why you must invest in a Choice Broking Demat Account and a Choice Broking Trading Account.
We have pinpointed the benefits of holding both accounts individually, followed by some of the expenses tagged with them. When you decide on taking a step forward, you can also apply for the demat account right from this page, the steps of which are mentioned below.
| Summary | |
| Depository Participant | CDSL & NSDL |
| Account Opening Charges | Rs.250 |
| Demat AMC | Free |
| Trading AMC | Free |
| Margin Required | Minimum Rs.5,000 |
| Dematerialization Available | Yes |
What is Choice Broking Demat Account & its Benefits?
Choice Broking Demat Account is the place where you store all the shares you deal with. Irrespective of a buy order made or a sell order made, the shares are kept in a demat account and debited or credited accordingly. With the shift in online transactions, you need a demat account to store the owned shares for the whatsoever duration.
Here are some of the benefits you might want to focus upon:
- You get to store all kinds of financial instruments in one place, making trading consistent and smooth.
- Technology assistance of the company is spectacular and always on point with the current market need and demand.
- The company will provide you with tools to help you seamlessly manage your demat account.
- Through the demat account you will be able to take all the advantages of the capital market and the process to acquire an account is entirely paperless.
Open Demat Account with Choice Broking Now! – Fill up the Form
What is Choice Broking Trading Account & its Benefits?
The Choice Broking Trading Account is the connector of your bank account with your demat account. Funds are debited or credited from the bank account and shares are as well debited or credited in the demat account based on a trading account. You make a transaction through your trading account and the linked accounts are adjusted.
Watch out for the perks related to the trading account:
- The online trading platform, Jiffy works highly embedded with technology and advanced tools, for your ease of trade.
- Investment options are not limited to one arena, and hence you can invest in a lot of instruments.
- AMC is not applicable for holding a trading account and your account will be managed without a maintenance fee.
You can check the Demat Account details of other Brokers
What are the Choice Broking Demat Account Charges?
| Charges | |
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the Demat account opening charges? | Rs.250 |
| How much is the Demat Account AMC? | Free |
| What is the Trading Account AMC? | Free |
| What is the initial Margin amount required? | Minimum Rs.5,000 |
| Is there any dematerialization available? | Yes |
This section is focused to help you establish an understanding of the charges related to the demat and trading accounts. The first focus should be on the Choice Broking Account Opening Charges. This is a one-time charge to be paid at the time of opening an account.
The Choice Broking Demat Account Charges are a tiny amount of Rs.250 which is quite economic is range. This charge is well established in connection with the interest of the investors. Dematerialization service is available with the company and you can opt for it.
Lastly, another expense you need to keep in mind is that you need to maintain a minimum amount balance of Rs.5,000 at all times.
How much is Choice Broking AMC or Annual Maintenance Charge?
Now that we are aware of the one-time small fee charged by the company, we also need to focus on the recurring Choice Broking AMC. It is important to stay accounted for as the charge appears every year, and thereafter, adds to your expense list.
However, we have good news to convey, as the company has no policies of charging an Account maintenance charge. The same stands were applicable for both the demat as well as the trading account.
How to Open Choice Broking Demat Account?
This is the section where you learn how to Open Choice Broking Demat Account:
- The first step is to locate a button that reads “Open Demat Account” right by the end of this page.
- When you find it, you need to click over it to open a popup form. Enter the form with the right contact details and submit it as soon as you are done filling it up.
- For the next process, you will be redirected to the KYC process, where you need to provide certain documents to prove your identity and provide a financial medium of trading, i.e. a bank account.
- For the documents, ensure you have scanned images of your PAN card, an Aadhaar card canceled cheque, and a passport-size photograph.
- Enter all the details as asked and submit your application to go through the verification process.
- For the verification process, the company executive will ring you up and ask you some quick questions.
- Upon approval, you will receive your account details through your registered email address.
Find out the Demat Account Opening Process of other Brokers
General FAQs on Choice Broking Demat & Trading Account
Here are the general FAQs of Choice Broking :
Does Choice Broking provide a Free Demat A/C offer?
You can start investing with a Choice Broking demat account entirely for free, without an opening charge.
Does Choice Broking provide Free Trading A/C offer?
Choice Broking has as well waived the trading account-related account opening fee.
Is Choice Broking Offering Discounts on Brokerage?
You will find great discounted brokerage plans with this company being their esteemed client.
Does Choice Broking offer Happy hour trading to their clients?
The company has made no inclusion of happy hour trading in the list of its offers.
Is Choice Broking providing a flexible brokerage plan?
The brokerage plans are rather fixed and hence flexibility or choice is not provided to you.
Choice Broking Demat Account – Conclusion
To conclude the article, the Choice Broking Demat Account contributes as a major case scenario to your profit-earning possibilities. Investing through this account will always work out to be in your favor, or at least increase your future possibilities.
Availing of the service will lead you to have a greater take on profit. Deploying everything the company has to offer, would be beneficial for you most of the time if you have some great strategies for investment sorted.
Open Trading Account with Choice Broking Now! – Fill up the Form
Here are full demat account reviews of other brokers
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