FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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-8.09% 194,350 Clients
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Choice Broking account opening charges are Rs 0 (Free) for a trading account and Rs 0 (Free) for Demat account. Choice Broking charge Rs 200 or as per plan. (1st year AMC 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 200 or as per plan. (1st year AMC free) |
Choice Broking offers different AMC Plans to individual customers to opt for.
Note:
Choice Broking offers online as well as offline modes of account opening to its customers. The online account opening is instant and paperless with a sign-up process completed within 5 minutes.
You can open Choice Broking trading and Demat account from its website or mobile app (Jiffy). The process is simple, easy and it takes a few minutes to apply for an account.
Steps to open an account online
You also have an option to open an account offline by downloading the forms from the company website or you can walk-in at any of the Choice Broking branch offices to get your account opened where a representative will guide you through the account opening process.
Steps to open an account offline:
The account opening forms are available on the company website in the downloads under Markets Section at the footer of the website.
You would need the following documents to open Choice Broking trading and Demat account:
Once the documents are received and verified by the company, your account is activated for trading within 4-24 hours provided there are no gaps in the documents submitted. In case of any issues in the documentation, the Choice Broking support team will connect with you for any clarifications.
You would get a mail from the company informing you about your account activation. However, in case of any delay, you can get in touch with the customer care via call or email to know the status of your account.
You can close the account anytime if you no longer want to use it. The Choice Broking account cannot be closed online. You are required to submit a hard copy of the account closure form with reasons for the closure of the account stated.
Before initiating the account closure process, you need to ensure to:
You will receive account closure intimation along with the final statement of the accounts. Please contact the customer support to check the status and follow up, in case you do not receive any communication from the company.
The choice broking account closure form can be downloaded from the company website from the downloads section available at the footer of the website.
The Choice Broking Power of Attorney (POA) is not a part of the account opening form. It is mailed to you separately on your registered email address on the completion of the account opening.
You are required to read the terms and conditions of the POA carefully, take a print of the POA, sign it, and send it to the required address of Choice Broking office.
Power of Attorney (POA) at Choice Broking is not mandatory.
Though POA is not mandatory, signing a POA helps ease the process in case of a sell transaction where a broker can debit your Demat account for the shares sold to settle the trade on time.
In case you do not wish to sign a POA, you can opt to authorize the E- Delivery Instruction slip (E-DIS) or transfer the shares to the broker account each time you sell any shares. You need to ensure the shares are transferred to the broker account on time to avoid any failure of the trade.
Yes, the In-Person Verification (IPV) at Choice Broking can be completed online. You are required to click and upload your photo using the OTP received on your registered mobile number to complete the IPV process.
You can open an online or offline Demat and Trading Account with Choice Broking. The online account opening process is much simpler and efficient as compared to an offline account opening process.
Online Account Opening Process
The online account opening is instant, hassle-free, and paperless with the sign-up process completed within 5 minutes through E- KYC.
Steps to open an account online
Offline Account Opening process
The offline account opening process requires a physical account opening form that can be downloaded from the company website or procured from any Choice Broking office. Alternatively, you can also walk-in at any of the Choice Broking branch offices to get your account opened where a company representative will guide you through the entire account opening process.
Steps to open an account offline
Choice Broking offers free account opening with a waiver of annual maintenance charges for the first year for the individuals.
While the account opening is free, Choice Broking charges an AMC of Rs 200 + GST for individuals and Rs 1000 + GST for corporates as the basic plan. The company also has other special AMC schemes as per below.
For individuals
For corporates
Points to Note:
You would need the identity and address proof documents along with some other documents to open an account with Choice Broking as per below.
Document list for Choice Broking Account Opening:
You can sign up to open an account with Choice Broking instantly within 5 minutes. Your account gets activated within 24 hours of the document submission in case of no discrepancies.
Choice Broking offers online as well as offline account opening. While the online account opening is much simpler, efficient, hassle-free, and paperless, the offline account opening would require you to fill the physical forms.
The offline account opening may take a bit longer as the broker can start the verification of the documents only on receipt of the physical account opening form and documents. The account gets activated within 24 hours of the document verification. In case of any discrepancies or issues in the documents submitted, the company representative would connect with you for clarification.
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Information on this page was last updated on Thursday, November 23, 2023
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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FREE Intraday Trading (Eq, F&O)
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