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Anand Rathi Demat Account Charges, Review, Opening

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Anand Rathi allows its customers to open 2-in-1 accounts instantly and effortlessly. Anand Rathi Demat's account allows its customers to hold shares and mutual funds in electronic format. You can open the Demat account online instantly within a few minutes.

Anand Rathi Demat account opening charges are Rs 0 (free). The annual maintenance charge (AMC) is Rs 450 per year (free for the first year).

Anand Rathi offers Demat services through its membership with CDSL and NSDL.

Anand Rathi Demat Account Safety

Anand Rathi Demat's account is as safe and secure as any other stockbroker in India. Anand Rathi works as a customer service agent, and the customer's Demat holdings (stocks, mutual funds, debt, shares, and so on) are held by CDSL or NSDL, not by the broker Anand Rathi.

Anand Rathi Demat Account Key Features

Demat account opening fee is Rs 0 (free).
Instant online demat account opening is available.
Rs 450 per year AMC (Free for 1st year).
Demat account can be accessed via Anand Rathi mobile trading app, website, and desktop trading terminal.
Demat customer service is available through branches, phone or email.
Online IPO application using UPI as a payment option (up to Rs 5 Lakh application).
NRI Demat account is available.

Anand Rathi Demat Account Opening Charges and AMC

Service	Great	LIFETIME FREE AMC	BSDA
Demat Account Opening Fee	Rs 0	Rs 0	Rs 0
Demat Account Annual Charges (AMC)	Rs 450 from the second year onwards.	Rs 0 Rs.999 (one time) or Rs.3000 (refundable).	Rs 0 (For valuation below Rs.50000) Rs.100 (For valuation, Rs.50001 to 2 lakh)

Anand Rathi Demat Account opening process

The following is a step-by-step guide to opening an account:

Visit rathi.com
Enter your phone number and email address.
Enter OTP received on your email address.
Enter the PAN card number.
Select the segment you want to trade in: equities or commodities.
Select the brokerage plan and check Demat account charges.
Click on connect to the Digi locker.
Enter your Aadhar card number.
Enter the OTP received on your Aadhaar linked number.
Click on allow - By selecting Allow, you give this application permission to access your DigiLocker.
Submit your application.
Enter information like father's name, mother's name, education, trading experience, annual income, and occupation.
Select commodity category- optional and submit.
Select your nomination preference- Yes or No.
Fill up the Bank Account Details- IFSC code, account number,
Fund Transfer (it is optional at this stage)
Add information like income proof, bank proof, and signature (on white paper), and upload your PAN copy and your picture.
E-sign the form.
The account opening process is complete.

Anand Rathi Demat Account Numbers

Anand Rathi is a member of CDSL and NSDL. The Demat account allows you to hold securities (Shares, Mutual Funds, Bonds etc.) in electronic format for secure online transactions.

The following is Anand Rathi's DP ID:

Anand Rathi CDSL membership ID (DP ID): IN-DP-437-2019-12/03/1999
Anand Rathi NSDL membership ID (DP ID): IN301803

Anand Rathi Demat Account Closing form

You can close your Anand Rathi account by filling up the closure form and sending it to the address on the form.

Before you initiate the account closure process, please make sure that your Demat account is empty, all the open positions are closed for security and all the dues are paid.

Steps to close the Anand Rathi account

Download the closing form as per your account holder's depository participant: CDSL or NSDL.
Print and fill in the details like account holder information, DP ID, reasons for closing, signature, etc.
All the account holders have to sign the form.
Submit it to the nearest branch or courier it.

You will receive account closure information along with the final statement of the accounts.

Conclusion

Anand Rathi offers a demat account through its depository participant membership with CDSL and NSDL. Anand Rathi Demat account opening is free of charge. In about 15 minutes, you can open a Demat and a trading account together and start investing. Anand Rathi Demat accounts are managed by CDSL or NSDL, thus it is safe and secure to operate.

Anand Rathi Demat annual maintenance charges (AMC) are Rs 0 for the first year and Rs 450 per year from the second year onwards. Anand Rathi also offers Free Demat AMC for which you have to pay a one-time payment of Rs 999 and a deposit of Rs 3,000 (refundable) at the time of account opening, which will be refunded to you when your Demat account is closed.

Anand Rathi Demat Account Opening Charges

To open a new Demat account with Anand Rathi, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Service	Charges
Demat Account Opening Fee	Rs 0 (Free)
Demat Account Annual Charges (AMC)	Rs 450 (1st year free)

Anand Rathi Demat Charges

Anand Rathi trading and demat account opening charges are Rs 200. Anand Rathi charges Rs 450 (1st year free) demat account AMC. Anand Rathi demat debit transaction charge of Rs 15 Per ISIN [For POA clients]; Rs 25 Per ISIN [For Non POA clients] Off-market Transfer within AnandRathi Minimum Rs 25 and Maximum Rs 500 or 0.025% of the market value per debit transaction.

ID	Transaction	Charges
1	Demat Account Opening Charges	Nil
2	Annual Maintenance Charges (AMC)	Scheme I: Rs 450 (Free for 1st Year) Scheme II : Nil (with credit balance of Rs 3000 (refundable))
3	Transaction Charges (Buy)	[.]
4	Transaction Charges (Sell)	Rs 15 Per ISIN [For POA clients]; Rs 25 Per ISIN [For Non POA clients] Off-market Transfer within AnandRathi Minimum Rs 25 and Maximum Rs 500 or 0.025% of the market value
5	Demat + Courier charges	Rs 3 per certificate + Rs 35 per request.
6	Remat	Rs 15 for every 100 securities or a Flat fee of Rs 15 per certificate, Whichever is higher + 20 Postage chg
7	Pledge Creation	0.01% of value or min Rs 50 per request
8	Pledge Creation Confirmation	Nil
9	Pledge Invocation	0.01% of value or min Rs 50 per request
10	Failed Transactions	Rs 25 per Instruction
11	Other Chareges	For instructions received on same day of Pay-in Rs 25 per scrip will be charged Extra statement (other than free monthly): Rs 15 per statement. Any Modification: Rs 15 per request

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Frequently Asked Questions

1. What is Anand Rathi Demat account and Why do I need it for trading?

A Demat account is like your bank account that is used to hold securities like shares, Mutual Funds etc. It is an online repository.

You need a Demat account for trading. When you buy shares, the shares are held in this Demat account. It is debited from the account when you sell it.

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2. I have a Demat account with another broker. Do I need to open another Demat account with Anand Rathi?

Yes, as per new SEBI regulations, it is mandatory to open a Demat account with a trading account.

You need to transfer the holdings from the old Demat account to the newly opened Demat account with Anand Rathi to sell from Anand Rathi. Alternatively, if there is no AMC levied on the old Demat account, you can retain the holdings there and sell through the existing trading account.

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3. Can I open a Minor Demat Account with Anand Rathi?

Yes, you can open a minor demat account. For opening a Minor Account, either of the parents needs to be appointed as a legal guardian. The legal guardian's documents need to be provided for account opening.

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4. How to modify Anand Rathi demat account details?
You can modify your Demat account details like contact number, Bank and Address details. To change your Anand Rathi account details, you need to take the following steps-
- Download the 'Account Modification' form. The form is available at Quick Links Downloads.
- Fill in the existing as well as New Details along with other required information.
- You need to attach documents to change bank and address details as-
  
  Bank details: Copy of cheque with the name printed, a copy of bank passbook, a copy of bank statement of accounts duly attested by bank authorities not older than 4 months with a cancelled cheque.
  
  Address details: Copy of Ration card, Passport, Voter ID card, Driving license, Bank passbook, Electricity bill (not more than 3 months old)
- Send the form to company address or submit it at your nearest Anand Rathi branch office.
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5. How to activate a dormant Anand Rathi Demat Trading account?
If your Anand Rathi Demat or Trading account is dormant due to no trading activity or for no other reason, you can activate it again anytime. To activate your Anand Rathi Demat and Trading account, you need to take following steps-
- Download the 'Dormant Activation' form. The form is available at Quick Links Downloads.
- Take a printout of the form and fill up your account details and check the boxes for account activation.
Send the form to company address or submit it at your nearest Anand Rathi branch office.

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6. How can I access my Anand Rathi Demat Account?
You can access your Demat account by using Anand Rathi's online trading platforms or by visiting the nearest Anand Rathi branch office.

Steps to login into Anand Rathi Demat account
1. Download the mobile app or open the Trade Xpress website.
2. Enter your User ID and password
3. Enter PAN number to Date of Birth.
4. Click on Login.
Steps to close the Anand Rathi account
1. Download the closing form as per your account depository participant: CDSL or NSDL
2. Print and fill in the details like account holder information, DP ID, reasons for closing, signature, etc.
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.
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7. How to close Anand Rathi's Demat account?
Your Anand Rathi Demat account cannot be closed online. To close your Demat account, you need to submit a paper-based account closure form to the nearby branch office of Anand Rathi.

Before you initiate the account closure process, please make sure to do the following things:
1. Empty your Demat account by transferring all your securities into another account.
2. Close all the open positions placed from this trading account.
3. Clear all unpaid dues, if any, with the broker.
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8. Where to find Anand Rathi Demat closure form?

Anand Rathi Demat account forms are available on its website. Anand Rathi is a member of CDSL and NSDL depositaries. Thus, Anand Rathi provides separate forms for both depositaries.

Customers can find the forms listed below in the 'Quick Links' section of the Anand Rathi website.

Download the below-mentioned forms as per your account holder: CDSL or NSDL

For closing trading accounts, download this form:

Trading Account Closing Form

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9. How to modify Anand Rathi's Demat account details?
You can modify your Demat account details like contact number, Bank and Address details. To change your Anand Rathi account details, you need to take the following steps-
1. Download the 'Account Modification' form (The form is available at Quick Links Downloads).
2. Fill in the existing as well as new details.
3. You need to attach documents to change bank and address details:
  
  Bank details: Attach a copy of cheque with the name printed,
  
  A copy of the bank passbook, a copy of the bank statement of accounts duly attested by bank authorities not older than 4 months with a cancelled Cheque.
  
  Address details: Attach a copy of your Ration card, Passport, Voter ID card, Driving license, Bank passbook, and Electricity bill (not more than 3 months old)
4. Send the form to the company address or submit it at your nearest Anand Rathi branch office.
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