Angel Broking Demat Account Charges, Review, Opening

Angel Broking Demat Account Opening Charges

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

Angel Broking Depository Service Charges for Resident Retail Customers

1. 1. How to open Angel Broking demat account online?

   Angel Broking offers an instant online demat account opening facility. The online account opening takes just 5 minutes. It is for people who have their Aadhar number linked with their current phone number for OTP verification. Other people have to open the account offline by filling, signing and sending the paper account opening form to the Angel office.

   Steps to open Angel Broking Demat Account

   1. Visit the Angel Broking website
   2. Fill the name and email address in the account opening form.
   3. Verify OTP.
   4. Enter personal details (Email, DoB and Bank Account Details).
   5. Verify and submit your application.

   You will soon receive the details of your demat account on your registered email ID.

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2. 2. What is BO ID in Angel Broking?

   The BO ID in Angel Broking is the customer's CDSL demat account number. It is a 16 digit number that consists of 8 digits DP ID and 8 digits Client ID. The BOID (demat account number) can be found in demat statements or by login on to the Angel Broking website's profile section.

   Sample BO ID for Angel Broking: 1203320001244818

   The first 8 digits (12033200) is the Angel Broking DP id (same for all customers). The last 8 digits is a unique client ID.

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3. 3. How to delete Angel Broking account?

   Angel broking account can be deleted by submitting a signed paper form for account closure to the company. Angel Broking account cannot be deleted online, on phone or by email.

   Before initiating the account closure process, please do the following for a smooth and quick account closure process:

   • Clear all pending dues including demat AMC.
   • Close all your open positions in Intraday and F&O.
   • Withdraw money held in your trading account.
   • Sell or transfer all the securities from the demat account.

   Steps to delete Angel Broking Account

   1. Download the Account Closure Form
   2. Take a printout of the form, fill & sign it.
   3. For a joint account, make sure that all account holders sign it.
   4. Submit or Courier the form to your respective Angel Broking office.

   Once your application is submitted, you will receive a call and email from Angel broking. Make sure to follow-up with Angel until you get a confirmation of account closure.

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4. 4. Is Angel Broking NSDL or CDSL?

   Angel Broking is a Depository participant (DP) of CDSL, one of the two central depositories in India. Its CDSL DP ID is 12033200.

   All demat accounts opened with Angel Broking are managed by CDSL. Angel Broking only acts as an intermediary between the customer and the central depository.

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5. 5. What is my demat account number in Angel Broking?

   Your demat account number is a unique number consisting of 16 digits assigned by CDSL, one of the two central depositories in India. Angel broking demat account number looks like 1203320012345678.

   The demat account number is a combination of the DP ID and customer ID. The first 8-digits is your DP ID whereas the last 8-digits is your customer ID

   The demat account number has two parts:

   1. First 8 Digits - Angel Broking CDSL DP ID 12033200
   2. Last 8 Digits - Customer ID

   The first 8 digits remain the same for all Angel Broking customers. The customer ID is unique to the customer.

   Note:

   • Angel Broking is a member of CDSL and all demat accounts are opened and managed by CDSL. Angel Broking works as a servicing agent for demat accounts.
   • The customer ID in demat account number is also known as Beneficiary Owner ID or BO ID.
   • The demat account number is sent along with the welcome kit while opening the account.
   • You can also find your demat account by login into Angel website's 'My Profile' section.

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6. 6. How to close Angel Broking demat account online?

   To close your demat account, a customer has to download the Angel Broking Account Closure Form PDF and print it. Fill the form and sign it. For joint accounts, the signature of all account holders is necessary. Submit or courier the form to your respective branch office.

   You cannot close your Angel Broking demat account online. The account closure process is completely offline.

   Note:

   • Close all your open F&O positions.
   • Clear all your pending dues.
   • Sell or transfer all the securities held in the demat account.
   • Follow up with the customer care team in case you don't receive any communication from the company on your account closure request.

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7. 7. How to operate Angel Broking demat account?

   A demat account is an online repository where securities like shares, Mutual Funds, IPO stocks etc., bought from the stock exchanges are held in the electronic form. A demat account is mandatory to buy shares and mutual funds or trade in F&O.

   A demat account is different from a trading account .

   Once you've opened your Angel Broking demat account it is linked with your trading and a savings bank account. Securities bought using the linked trading account are credited to your demat account. Whenever you sell any security, it will be debited from your demat account. The entire process happens online and Angel Broking takes care of it.

   You'll be informed of your demat account transactions through email and SMS.

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