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15.53% 98,862 Clients
Anand Rathi account opening charges are Rs 552 (including GST) for a trading account and Rs 0 for Demat account. Anand Rathi charge Rs 450 from second year onward AMC for Demat account.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Rs 552 (including GST) |
| Account AMC Charges | Rs 0 |
| Demat Account Opening Charges | Rs 0 |
| Demat AMC (Yealy) | Rs 450 from second year onward |
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-
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.
You can open an account with Anand Rathi in many ways. You can choose to open an account online as well as offline-
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:
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-
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:
The company may ask you to provide additional documents like salary slips and ITR forms in case you would like to trade in derivatives.
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.
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.
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-
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.
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.
Individuals, Hindu Undivided Family (HUF), proprietary and partnership firms, companies are eligible to open a trading account with Anand Rathi.
No, you don't need to maintain a minimum balance in your trading account. You can keep the money as per your trading needs.
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.
No, you cannot open joint trading accounts.
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.
You may have to pay a one -time account opening fee (currently Rs 552/-) 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.
You need to provide the following documents-
The company may ask income proof documents if you wish to trade in derivatives.
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.
Before submitting the request below things have to be taken care by account holder:
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Information on this page was last updated on Monday, August 2, 2021
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