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Open Anand Rathi Account (Anand Rathi Account Opening Process, Documents and Charges)

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Anand Rathi Account Opening Charges 2022

Anand Rathi account opening charges are Rs 0 (Free) for a trading account and Rs 0 (Free) for Demat account. Anand Rathi charge Rs 450 (1st year free) AMC for Demat account.

Transaction	Charges
Trading Account Opening Charges	Rs 0 (Free)
Account AMC Charges	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)
Demat AMC (Yealy)	Rs 450 (1st year free)

Anand Rathi online account opening process is quick, easy, and paperless. You can open a 2-in-1 trading and Demat account in just 15 minutes for free. Anand Rathi Account Opening is available online as well as offline through the network of branch offices.

Anand Rathi Account Opening Process

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

1. 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.

2. Offline Account Opening (in 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:

PAN Card
AADHAR Card
Proof of Address
Latest Bank Statement
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 Opening Documents

Customers who have their Aadhar details linked to their current phone number for OTP verification can open an account online with Anand Rathi in a few minutes.

Documents required to open a Demat account with Anand Rathi

Proof of Identity (PAN Card, Aadhar, Passport, etc.)
Proof of Address (Passport, Voter ID, Ration Card, Driving License, etc.)
For commodity trading, you need the below-mentioned documents:
Bank Account Details: One of the following documents (Cancelled Cheque, Bank Statement, Bank passbook, Bank Letter.
For income proof, one of the following documents: (The latest income tax return, Six Month Bank Statements, Latest salary slips, Demat account holdings with value.

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.

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This is a limited-time offer. Simply leave your contact information with us and Anand Rathi representatives will contact you.

Frequently Asked Questions

1. 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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2. 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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3. 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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4. Can I open a Joint trading account with Anand Rathi?

No, you cannot open joint trading accounts.

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

Account opening with Anand Rathi is free. You do not have to pay a one-time account opening fee while opening an account.

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7. 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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8. 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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9. How to open an account with Anand Rathi?
Anand Rathi Account can be opened online and instantly within 15 mins. You can open a trading and Demat account together with Anand Rathi for free.

Step-by-step guidance for Anand Rathi Account Opening
1. Visit rathi.com and click on the 'INSTA ACCOUNT link available on the top menu.
2. Enter the phone number and email address.
3. Enter OTP received on your email address.
4. Enter PAN card number.
5. Select the segment you want to trade: Equity/Commodity.
6. Select brokerage plan and check Demat account charges.
7. Click on connect to Digi locker.
8. Enter your Aadhar card number.
9. Enter the OTP received on your Aadhar linked number.
10. Click on allow - By selecting Allow, you give this application permission to access your DigiLocker.
11. Submit your application.
12. Enter information like Father name, mother name, education, trading experience, annual income and occupation.
13. Select commodity category- optional and Submit.
14. Select nomination preference- Yes or No.
15. Fill up the Bank Account Details- IFSC code, account number,
16. Fund Transfer (it is optional at this stage)
17. Add information like Income Proof, Bank Proof, and Signature(on a white paper), and upload PAN Copy and your picture.
18. E-sign the form.
19. The account opening process is complete.
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10. What are Anand Rathi account opening charges?

Anand Rathi's account opening charges are Rs 0 (free). Customers can open trading and Demat account together for free from Anand Rathi's website in just 15 mins. Anand Rathi's account opening process is instant, safe, simple, and free of charge.

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11. How to close Anand Rathi account online?

Anand Rathi account cannot be closed online. To close an Anand Rathi account, a customer has to submit the physically signed paper Account Closure Form at the Anand Rathi branch.

Note that Email, phone, or online requests for account closure are not accepted.

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