BlinkX Demat Account Charges, Review, Opening

BlinkX offers an easy-to-use mobile trading application designed for experienced and new traders. With the BlinkX trading platform, you can open a demat and a trading account (a 2-in-1 account) online. It provides various financial services such as investing in mutual funds, stocks, options and futures, currency, IPOs, margin financing, etc.

BlinkX offers demat services under JM Financial Services Ltd. and JMFSL is a member of CDSL. BlinkX offers two unlimited plans available at the price of a Rs 999 799 plan for 6 months and a Rs 399 199 plan for 2 months.

BlinkX Demat Account

The BlinkX demat account is opened by CDSL. The customer's demat holdings (securities such as stocks, bonds, shares, etc.) remain with CDSL and not with BlinkX.

BlinkX Demat account key features are as follows:

1. Open free trading and a Demat account.
2. Quick and Fast account opening.
3. No Demat AMC for 1st year.
4. Demat Account is opened with CDSL.
5. Demat accounts can be accessed via the Mobile Trading App.
6. Easy Documentations.
7. Paperless Account Opening Process.

BlinkX Demat Account Opening Process

Opening a demat account opening process is very easy and 100% paperless. Step-by-step process to open an account with BlinkX:

1. Open the BlinkX website and click on the open demat account.
2. Enter the Mobile number and verify with an OTP.
3. Enter the email ID and confirm the OTP received from the user.
4. Enter the PAN ID and date of birth and click on Verify.
5. Select Plan: BlinkX has two zero brokerage unlimited trading plans between Rs 399 199 for 2 months and Rs 999 799 for 6 months plan.
6. Depending on the plan you select, you will pay the corresponding amount via UPI, Net Banking or Debit Card.
7. The system will automatically retrieve your Aadhaar card and verify your Aadhaar card details.
8. Enter your account details manually or verify them directly through the UPI payment address.
9. Now scan and upload your PAN card, bank proof and other important documents. You can also upload documents via Digilocker
10. Enter basic information like gender, male, name and mother's name and tap 'Continue'.
11. Enter your educational qualification, annual income, profession and work experience.
12. Take a selfie and upload it to verify yourself in person (IPV).
13. Digitally sign the KRA and BlinkX account opening form by entering your Aadhaar details and OTP.
14. You have successfully opened an account with BlinkX.
15. The customer can also download the signed document on the same screen.

Your account will be activated within 48 hours after receipt and verification of the documents by the BlinkX team. You will receive an email to the registered email address you provided during account activation with your BlinkX login details containing your username and password.

BlinkX Demat Account Benefits

• Safe and secure: The BlinkX demat account offers traders a high level of security to prevent theft, loss, and damage to physical certificates.
• Paperless holding: With the BlinkX demat account, traders can hold their stocks, bonds, mutual funds, and government securities in an electronic format. This reduces paperwork and the risk of losing physical share certificates.
• Easy accessibility: Traders can access their Demat account online from anywhere. They can view their holdings, track transactions, manage their portfolio from a single account, and receive regular electronic statements and updates.
• Cost efficient: Opening a demat account with BlinkX is free and without AMC for the first year. There are no stamp duties or other additional fees. BlinkX offers 2 unlimited subscription plans Rs 399 199 (free for 2 months) and Rs 999 799 (free for 6 months).
• Simple transfer: Traders can easily and securely transfer securities from one demat account to another.
• Fast and efficient transactions: The entire process of buying and selling securities is handled electronically, physical delivery of the shares is no longer a necessity.
• Single point access: Manage and monitor your diverse investment portfolio from one place.

BlinkX Demat Review

When you open an account with BlinkX, your demat account will be opened with CDSL. The BlinkX Demat account is safe to use. The Demat account maintenance is free for the first year and costs Rs 300/year from the second year onwards.

Frequently Asked Questions

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Information on this page was last updated on Wednesday, April 10, 2024