It is never too late or sooner to enter into a stock market investment. Capital markets are always a great way to multiply your saving or funds in general. Partial help can be sought from the Narnolia Demat Account, while the other half is rendered by the Narnolia Trading Account.
The quality services and products provided by the company are the reason why you must opt to invest with Narnolia. This article showcases all such information on the company’s demat and trading account, such as its features, benefits, charges, and process to open an account.
| Summary | |
| Depository Participant | CDSL & NSDL |
| Account Opening Charges | Rs.300 |
| Demat AMC | Free |
| Trading AMC | Rs.250 per Annum |
| Margin Required | Minimum Rs.3,000 |
| Dematerialization Available | Yes |
What is Narnolia Demat Account & its Benefits?
If you want to have ownership of securities, then you need to have a Narnolia Demat Account. This account is like your e-wallet but instead stores some of the shares you purchase for short them ownership or even for long-term goals altogether.
Now that we know the function of the demat account, here are the benefits associated:
- You can grow with Narnolia financially as they provide wide financial options, such as fund management, distribution, and wealth management.
- Advanced tools and technical assistance is provided which would take the investment process to a seamless and easy level.
- Company experts provide great assistance in the form of research services and tips.
- Their brokerage plans are quite feasible and the discount on brokerage is as well rendered.
Open Demat Account with Narnolia Now! – Fill up the Form
What is Narnolia Trading Account & its Benefits?
To be able to actively trade in the capital market, a Narnolia Trading Account is essential along with the demat account from before. As the demat account lets you store the shares you brought, the trading account lets you purchase in the first place. You place orders of buy or sell through your trading account.
Let us also focus on the benefits provided through the trading account:
- The trading account gives access to the back office, which makes monitoring your finances easy.
- They offer simple and secure trading platforms, which help you make your investments right from your home. Platforms they have in line are Narnolia mobile app, TejasExe for desktop, and Tejas-i for the web.
- Their customer service will help you out with the query assistance efficiently.
You can check Demat Account details of other Brokers
What are the Narnolia Demat Account Charges?
| Charges | |
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the Demat account opening charges? | Rs.300 |
| How much is the Demat Account AMC ? | Free |
| What is the Trading Account AMC? | Rs.250 per Annum |
| What is the initial Margin amount required? | Minimum Rs.3,000 |
| Is there any dematerialization available? | Yes |
If you invest with Narnolia, you will be associated with both the Depository participants, CDSL & NSDL. Rest, you need to cater some funds for the company in connection with opting for their services and also maintenance of the same. So, you have to pay Narnolia Account Opening Charges, prior.
The prior Narnolia Demat Account Charges include Rs.300. This charge is a one-time fee and should be paid at the time of account opening. Such a charge is fair enough as per the market standards and is a nominal amount to be catered to.
Lastly, you need to ensure you have Rs.3,000 as your account balance at all times. This is a mandatory norm, or you shall be imposed with some penalty for the same.
How much is Narnolia AMC or Annual Maintenance Charge?
You need to pay the AMC for the entire duration you hold the account. This is a recurring charge, contrary to a one-time account opening charge. Narnolia AMC is entirely customer oriented as the company has decided to make the demat AMC free.
But, there is a condition, where you have to pay the AMC for the trading account. This is fine balancing achieved by the company in charge of management. Trading account AMC is Rs.250 per Annum.
How to Open Narnolia Demat Account?
Take your decision to be invested with this company forward and Open a Narnolia Demat Account:
- You need to reach the form-filling process which would start when you click on the button “Open Demat Account”.
- The button is provided to you on this webpage itself. When you click on it, you will be redirected to a quick pop-up form. Fill in the contact details as asked and then submit the form.
- Now, you will be taken to a KYC form, where you need to provide proof of your identity. This is where you will be asked to enter certain documents in scanned copy format.
- Ensure you have your PAN card, Aadhaar card, Passport size photograph, and a canceled bank cheque ready. Provide the documents as asked and then submit the form.
- Now, the company executives will ring you up and convey the status of the application process and complete the verification.
- This shall be enough and the company will soon issue you an account.
Find out Demat Account Opening Process of other Brokers
General FAQs on Narnolia Demat & Trading Account
Here are the general FAQs of Narnolia :
Does Narnolia provide a Free Demat A/C offer?
Yes, a demat account comes to you for free.
Does Narnolia provide Free Trading A/C offer?
No, you have to pay a charge to own a trading account.
Is Narnolia offering Discounts on Brokerage?
Yes, brokerage charged by the company is subject to further discounting.
Does Narnolia offer Happy hour trading to their clients?
No, you will not find the option of Happy hour trading with Narnolia.
Is Narnolia providing a flexible brokerage plan?
Yes, you can choose a plan as suitable from a ranging set of options.
Narnolia Demat Account – Conclusion
The end note on the Narnolia Demat Account is that a free demat account and AMC is a great perk to receive at the time of investment. The company will be by your side for every step into maximizing your wealth. The company experts are always at your service, issuing the present market trends.
Furthermore, the technology and its convenience can be highly witnessed in the online trading platforms provided by the firm. Every platform is the host to several tools which lend a successful hand for profit maximization.
Open Trading Account with Narnolia Now! – Fill up the Form
Here are full demat account reviews of other brokers
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