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Anand Rathi Open Account | Account Opening Process Review

0.19% 75,204 Clients

Established in 1994, Anand Rathi is a leading stockbroking and advisory firm. The company offers Brokerage & Distribution services for equities, commodities, derivatives, mutual funds, insurance, corporate deposits, IPOs, bonds and loans. It also other financial services like Wealth Management, Investment Banking, Corporate Finance & Advisory. The company caters to all types of investors including institutions, corporations and individuals.

Besides trading, Anand Rathi also offers depository services. It is a member of Central Depository Services Ltd. (CDSL) and National Securities Depository Limited (NSDL).

Anand Rathi offers its customers flexibility in selecting the trading platform as per their trading needs and convenience. The company offers many trading platforms like-

Trade X'press+ - An online trading platform.
Trade Lite- A website based trading platform.
Trade Mobi- A mobile trading app.
Trade X'pro- An exe-based desktop software.
Trade X'pro+- A package of trading tools to select options strategy, simulation trading, technical scanners, mutual funds and market data.

Anand Rathi has a presence in India as well as in some International locations. In India, the company is present over 1200 locations through a vast network of branches, sub-brokers and other types of company representatives. It has more than 2500 professionals employed across its various location in the country and abroad.

Investment advice is one of the key offerings of Anand Rathi. The company has a dedicated research division. The research team regularly conducts fundamental and technical analysis of the stocks and markets. And help customers manage risks and create wealth in the long term.

Key Facts About Anand Rathi

Around 25 years of industry experience.
Member of BSE, NSE, CDSL and NSDL.
Offers 4 trading platforms and a package of trading tools
Presence in over 1200 locations across India
Dedicated research team

Products Offered by Anand Rathi Stock Broker

Online Trading

Equity Trading at BSE, NSE
Commodities Trading at MCX and NCDEX
Currency Trading at NSE
Derivatives Trading at NSE, BSE

Depository Services (Demat Account)
IPO
Mutual Funds
Insurance
Corporate Fixed Deposits
Structured Products
NCD / Bonds
Portfolio Management Services
Loan Against Shares (LAS)
Promoter Funding

Anand Rathi Account Opening

You can open an account with Anand Rathi in many ways. You can choose to open an account online as well as offline-

Online Account Opening (Insta Account)
Instant account opening allows you to open a trading and demat account in just a few minutes. You need to have eKYC and Aadhaar.

Steps of Open Insta Account:
- Visit www.rathi.com and click on the 'INSTA ACCOUNT' link available on the top menu.
- Fill in the required details DoB, PAN, and Aadhaar Number.
- Validate your Aadhar information.
- Upload scanned copies of your documents (Scanned)
- Pay account opening fees.
- Authenticate yourself with Aadhaar OTP verification.

Fill an Online Form
Those who don't have eKYC and Aadhar can still go online and initiate the account opening process. Here's what you need to do-
- Visit the company website www.rathi.com
- Click 'Open An Account' link available at the top menu
- Provide the details and then click Submit
- A company representative will call you to take forward the account opening process.

Visit Anand Rathi Branch Offices
Anand Rathi has a presence in over 1200 locations across the country. You can visit a branch near to you and complete the account opening process.
Documents needed for account opening

You need to provide the following documents open a trading and demat account:
1. PAN Card
2. AADHAR Card
3. Proof of Address
4. Latest Bank Statement
5. Cancelled Cheque

The company may ask you to provide additional documents like salary slips and ITR forms in case you would like to trade in derivatives.

Check Account Opening Status

To know the status of your account opening application, you need to get in touch with their customer support team. You can write an email to customersupport@rathi.com or call at their toll-free numbers available on the website.

Account Opening PDF Forms

Anand Rathi offers both, online and offline account opening. You can open an account online instantly. The process is fast and paperless. However, if for some reason, you cannot open an account online, then you can download the account opening PDF form available on the website. To download the form, click on the 'Quick Links' on the top menu of the website and then click on the 'Downloads' in the drop-down menu.

Anand Rathi Account Closure Form

Trading and Demat accounts attract annual maintenance charges. If for some reason, you are not using the accounts then it is best to close the accounts. You can close the account any time by following a simple process. However, before you initiate the account closure process, please make sure that-

You have moved all the securities held in the Demat account
All the open positions in F&O are closed.
All dues with the company are cleared

The Trading and Demat accounts cannot be closed online or via email/calls. You need to download the application, fill it and send it to the company branch. For joint Demat accounts, all the account holders need to sign on the closure form.

Steps to Close Anand Rathi Account

Download the PDF form of 'Account Closure Form' from the company's website. It is available 'Quick Links' > 'Downloads'. To close both trading and Demat accounts, you need to download 2 separate forms.
Print the form, fill in the required information and sign it.
You need to fill up transfer form (off-market instruction slip) if you want to transfer securities from this account to another Demat account.
Attach required documents like copy of ledger and unused DP slips.
Send it to the Anand Rathi office or submit it to the nearest branch. Collect an acknowledgement in case you are submitting the application in a branch.

Please follow up on your account closure process with the customer support team after a week of submitting the application. You can write an email or call at their toll-free numbers.

Anand Rathi Account Opening Charges

Customer pays account opening fee for trading account opening with Anand Rathi. The account opening fees are as below:

Anand Rathi Account Opening Charges (Trading Acct): Rs 750
Anand Rathi AMC Charges (Trading Acct): Rs 0
Anand Rathi Account Opening Charges (Demat Acct): Rs 550
Anand Rathi AMC Charges (Demat Acct): Rs 299 from second year onward

FAQ's

Who can open an account with Anand Rathi?

Individuals, Hindu Undivided Family (HUF), proprietary and partnership firms, companies are eligible to open a trading account with Anand Rathi.

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Do I need to maintain a minimum balance in my Anand Rathi trading account?

No, you don't need to maintain a minimum balance in your trading account. You can keep the money as per your trading needs.

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Can I buy and sell all types of securities from my Anand Rathi trading account?

The trading account from Anand Rathi facilitates trading in all exchange-traded securities. You can buy and sell equity, derivatives, commodity and currency. You can also invest in IPOs and Mutual Funds using the account.

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Can I open a Joint trading account with Anand Rathi?

No, you cannot open joint trading accounts.

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How long will it take to open an account with Anand Rathi?

If you have eKYC and Aadhar then you can open an account instantly. If you want to open an account online then it will take 3 to 4 days to open an account after submission of the application.

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What are the charges I have to pay while opening an account with Anand Rathi?

You may have to pay a one -time account opening fee (currently Rs 750/-) while opening an account. The fee is collected online for insta account. For offline accounts, a cheque needs to be attached along with the application.

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What documents are required while opening the account with Anand Rathi?
You need to provide the following documents-
- Copy of PAN Card
- Copy of AADHAR Card
- Proof of Address
- Latest Bank Statement
- Cancelled Cheque
The company may ask income proof documents if you wish to trade in derivatives.
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How to close Anand Rathi Demat account?
If your holdings are scattered across demat accounts, you can close all inactive and zero balance account and transfer all the holdings in one demat account. After this consolidation customer can save annual charges on multiple demat accounts.

Closing a demat account is just a few step process but account holder has to visit the DP office or nearest branch to submit the closing form as it's completely offline. Customer cannot request the account closure via email, phone or online.

After the transfer has been completed and all the holdings credited in single demat account, all other demat accounts with zero balance can be closed by submitting account closure form.

Steps to close the Anand Rathi demat account:
1. First Download the form and print it. The form can be downloaded from DP website or you can get it from any nearest branch. Also, you can download it here.
2. Fill all the mandatory detail like DP ID, client ID, name, address and reason for closing the account.
3. All the account holders have to sign the form. A POA holder cannot sign the form.
4. Submit it to the nearest branch or courier it to their HO.
Before submitting the request below things have to be taken care by account holder:
1. There should not be any shares in your account. If there are any, then you have to transfer it, sell it or remat it.
2. There should be no negative balance in your account. If there is any, you have to clear it.
3. Generally, it takes 7-10 days to complete the account closure process. There are no charges applied for closing the demat account.
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