|
|
16.39% 64,666 Clients
Aditya Birla Money account opening charges are Rs 750 for a trading account and Nil for Demat account. Aditya Birla Money charge Rs 436 AMC for Demat account.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Rs 750 |
| Account AMC Charges | Nil |
| Demat Account Opening Charges | Nil |
| Demat AMC (Yealy) | Rs 436 |
Aditya Birla Money Ltd (ABML) is a Chennai based stock broking and financial services company. It is a part of the Aditya Birla group. The company offers services in equity, derivatives etc., across BSE and NSE. The commodity trading services are offered by its wholly-owned subsidiary Aditya Birla Commodities Broking Limited. It also offers services in PMS, Mutual Funds, depository services and e-insurance repository services.
Aditya Birla Money Ltd offers its services online as well as offline through its 41 branch offices and over 800 franchisee offices in various parts of the country. These branch offices act as customer service points for account opening and issue resolutions.
Being a full-service brokerage company, it also conducts technical and fundamental research and regularly publishes reports on different segments, businesses and the economy.
There are 3 ways to open an account with Aditya Birla Money:
ABML offers an Instant paperless account opening process. This allows you to open a trading and demat account online in just a few minutes. This process is based on eKYC and Aadhaar. You need to have your current mobile number linked to your Aadhar for OTP verification. It doesn't require you to fill a form and send to the broker.
Steps of Instant Trading & Demat Account Opening:
The process takes just a few minutes. Once you submit the application, it is verified by company executives. The account is opened in the same working day provided all your documents are in order.
Aditya Birla Money has over 40 branches located across major cities in India. You could visit any of these branch offices nearest to you and complete the account opening process.
If none of the above account opening options works for you, it is suggested to call or email Aditya Birla Money customer service for account opening. The customer service executive will assist you in opening a trading and demat account.
You need the following documents to open a trading and demat account with ABML:
All the documents need to be self-attested. Note that additional documents for income proof are required to trade in derivative segments.
Online account opening application is processed the same day provided your documents are in order. For offline account opening, it takes up to 7 working days. To check the status of your account, please call customer services or visit your branch office.
Aditya Birla Money offers 2-in-1 trading and demat accounts. If you need to close these accounts for some reason then you can do it anytime.
However, to expedite the account closure process, it is advisable to ensure a few things like-
Please note that the account closure process is purely offline and cannot be done online or over the phone. You need to get a physical account closure form, fill and sign it and submit it to the company. For joint accounts, the signature of all account holders is mandatory.
Steps to Close Aditya Birla Money Account
Note-
In case you do not receive any intimation for account closure in 2 weeks of submitting the form, follow-up with the branch office or customer service as per your convenience.
The online account can be opened instantly if you are applying online. For an offline paper-based application, it takes up to 7 working days to activate the account.
You need the following documents to open a trading and demat account with ABML:
All resident Indians and Non-Resident Indians (NRIs) can open an account with Aditya Birla Money.
Once the documentation is in order and the account opening procedure is completed, you will be informed by a registered post about the details of your trading client code, login id and password etc.
No, you don't need to maintain a minimum balance in your trading account. You can manage funds in your trading account as per your trading needs.
This is recommended to close your account if you don't have any plan to trade in the near future. Because you have to bare maintenance fees to even keeping the unused account.
Aditya Birla offers 2 in 1 account. If you need to close these 2 in 1 account for any reason then you can do it anytime. There are zero charges for account closure.
However, to accelerate the account closure process, the account holder has to ensure few things like-
Note that the account closing process is completely offline and cannot be done online or over the phone. To close the account you need to get a physical account closure form, fill and sign it and submit it directly to the company. Also if it's joint accounts, the signature of all account holders is mandatory.
To close the demat account, the below steps has to follow:
It takes around 7-10 business days to close the account. In case you don't get a confirmation in 2 weeks, you can follow up with branch or Aditya Birla Money customer service.
Similar Questions:
Leave your contact information and we will get in touch with you....
Information on this page was last updated on Tuesday, November 26, 2019
Add a public comment...
Contact Aditya Birla Money
