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Bonanza Open Account | Account Opening Process Review

-9.59% 33,628 Clients

Bonanza Account Opening Charges 2020

Transaction	Charges
Bonanza Trading Account Opening Charges	Nil
Bonanza Account AMC Charges	Nil
Bonanza Demat Account Opening Charges	Nil
Bonanza Demat AMC Charges	₹250

Bonanza Portfolio Ltd is a Mumbai based stockbroker. It has a diversified business model offering Equity Broking, Portfolio Management, Depository, Insurance, and Mutual Fund investment services. As of 9th January 2020, it has 34,658 clients across India. The broker has a wide presence in India with more than 1784 outlets spread in 560 cities. It is registered with BSE, NSE, MCX, and NCDEX.

Facts About Bonanza (As of Jan 2020)

When Was Bonanza started operations? 1994

How many customers does Bonanza have? 34,658

How many employees does Bonanza have? 1100+

Bonanza Account Opening

To trade and invest with Bonanza Portfolio Ltd, you must have a bank, trading and Demat account. Bonanza offers a 2-in-1 account including a trading and Demat account. Customers can open a bank account with any scheduled bank and link the account with the Bonanza trading and Demat account. The customers who are planning to invest only in Derivatives segments do not require a Demat account. They will only need a bank account and a trading account. You can open the following accounts with the broker:

Trading Account to buy and sell securities
Demat account to hold the securities in dematerialized form
Commodity account to trade commodities
Mutual fund account to invest in a mutual fund

The broker also allows one of the two accounts (trading and Demat) with Bonanza and another account with other brokers. But both the accounts with Bonanza will assist smooth and seamless trading transactions for customers.

How to open an account with Bonanza?

Bonanza offers both trading and Demat accounts. You can open an account with Bonanza either online or offline.

Bonanza Online Account Opening:

Follow these steps to open an online account with the broker:

Visit official website
Register with the broker by filling Name, Mobile, Email and Pincode
A representative will call you and share EKYC link
Fill all your bank details and personal detail
Upload all the supporting documents such as ID Proof, Address Proof and KYC acknowledgement form
After successful verification and validation, your account will be opened in 1 working day

You will get User ID and Password at the end of the process to login and access the Bonanza trading platforms.

Bonanza Offline Account Opening

If for some reason, you cannot open an account online then you can choose to open the account offline. Here are steps to open an account offline-

Register with Bonanza through its website
A Bonanza representative will contact you and share the Form
Fill the form with personal and bank details
Attach copies of all the self-attested documents required for account opening
Paste the photograph and place a cross signature on it
Send the form along with the documents to the broker's office

You can also visit the nearby branch for an offline account opening.

Bonanza Support for Account Opening

For any assistance to your trading and Demat account, you can contact toll-free number 1800-266665. You can also send an email to customercare@bonanzaonline.com.

Bonanza- Account Opening Documents

Proof of Identity‐ PAN Card Copy
Photograph
Cancelled Cheque
Proof of Address- Passport/ Driving License/ Voter Identity/ Card Ration/ Latest Bank Passbook/ Bank Account Statement/ Utility Bill (not older than 2 months)

Bonanza Account Opening Charges

Bonanza offers free Demat and trading account opening facilities. The broker doesn't charge Annual Maintenance Charges (AMC) for the trading account. Although, customers have to pay an annual fee of ₹250 as an AMC for Demat account.

Bonanza Special Offer

AMC are waived off for the 1st year

Frequently Asked Questions

1. Does Bonanza offer research reports to the clients?

Yes, Bonanza offers research-based services to the customers. It has a team of experts regularly publish research reports based on technical and fundamental analysis. The broker also provides financial advisory and stock recommendation services.

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2. Does Bonanza offer NRI services?

Yes, Bonanza allows trading and Demat account opening for NRIs. They can invest in equity, derivatives, IPO, and mutual funds. The broker offers various other NRI services such as PIS, equity research, advisory, real estate and e-broking services.

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3. Which type of accounts Bonanza offers for the customers?

Bonanza offers 2-in-1 accounts including trading and Demat account opening facilities. Further, customers can also open mutual fund, commodity and NRI accounts as per their requirements.

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