Free Trading + Demat Account

Indiabulls Open Account | Account Opening Process Review


-2.77% 44,170 Clients

Indiabulls Ventures (IVL) is the broking arm of Indiabulls Group, a leading financial services company. Indiabulls is a discount stock broker offering investment and trading services in India Stock Market to retail investors.

Indiabulls also offers Commodity Trading, Mutual Funds, Offer for Sale (OFS), IPO and Depository Services. Some of these services are available online while others are offered off-line through its network of branches.

Indiabulls customers can use the advanced trading platform offered by the company for free. This includes installable trading terminal (PIB), mobile trading app and a trading website.

Indiabulls Securities has an in-house research team. The team publishes reports based on the fundamental & technical analysis of company stocks.

Key Facts about Indiabulls Securities

  • 20+ years of experience in the stock broking.
  • Part of the reputed Indiabulls Group.
  • Offers stocks, commodity, currency and derivatives trading services.
  • 7+ lakhs customers.
  • Presence in 20+ cities and 900+ dedicated sales team.
  • In-house expert research team.
  • In-house built trading platform.

Products Offered by Indiabulls Ventures Limited

  • Online Trading
    • Equity Trading at BSE, NSE
    • Commodities Trading at MCX and NCDEX (Service offered by Indiabulls Commodities Ltd)
    • Currency Trading at NSE
  • Depository Services (Demat Account)
  • Distribution Products
    • Mutual Funds
    • SIP Equity Plans
    • Offer For Sale (OFS)
    • IPO

Indiabulls Securities Account Opening

Indiabulls Ventures offers many ways to open a trading and a demat account.

  1. Open an Online Instant Account (Paperless)

    You can choose to open an online trading and demat account using Indiabulls Shubh App. It takes 15 minutes to open the online account. Following are steps to open an online account:

    1. Download Indiabulls Shubh App on Android or Apple Smartphone.
    2. Fill the online application form.
    3. Upload the soft copy of the documents.

    Note: The online account opening is not available on Indiabulls website. The online account can only be opened using Shubh Mobile App.

  2. Visit Indiabulls Branch Office

    You can visit any of the service branches of the company and the executives there will help you open an account. Use the branch locator in the company's website to find the Branch Office near you.

  3. Contact Customer Care

    Call Indiabulls Securities customer care number and leave your details. A company executive will get in touch with you to complete the formalities.

Documents needed for Indiabulls trading account opening

You would need the following documents to open the trading and demat account:

  1. AADHAR Card
  2. PAN Card with a clear photo
  3. Address Proof
  4. Latest 6 Months Bank Statement (for F&O trading)
  5. 1 Leaf Canceled Cheque
  6. Passport Size Photo

Please Note

  • All documents must be self-attested.
  • You will have to submit income proof to trade in derivative segments.

Check Indiabulls Account Opening Status

The e-account is instant. It takes 15 minutes to open an online account. If you choose to open an account by visiting the branch or contacting the customer care then it will take a few days. You can call the customer care number to check the status of your account.

Indiabulls Account Opening PDF Forms

Indiabulls provides 3 ways to open an account. You can open an account online, visit a branch and Call Customer care. It doesn't provide account opening PDF forms to download. To get a physical form, you need to visit the company's branch office.

Indiabulls Securities Account Reactivation Form

You can reactivate your suspended Indiabulls trading account. Download the 'Indiabulls Securities Account Reactivation Form' from the website. Fill and send it to the company address.

Indiabulls Securities Account Closure Form

You can close Indiabulls trading and demat account anytime you wish. There are a few things you should do before closing the accounts-

  1. Close all your F&O positions
  2. Empty your Demat account by moving all the securities to a different account
  3. Pay all pending dues

You cannot close the trading and the demat account online. You have to download the form from the website or visit the branch office to get the form. All holders, in case of a joint account, must sign on the form.

Steps to Close Indiabulls Trading Account

  1. Download 'Indiabulls Securities Account Closure Form' from the website. It is available under downloads.
  2. Fill and sign it.
  3. Attach a copy of the ledger and unused DP slips.
  4. Send it to the company address or submit it to the nearest branch office.

The company will transfer balance funds to the account mentioned in the form. You will receive the final statement on the closure of the account.

If you don't receive any communication from the company within 15 days then follow up with customer care.

Indiabulls Account Opening Charges

Customer pays account opening fee for trading account opening with Indiabulls. The account opening fees are as below:

  • Indiabulls Account Opening Charges (Trading Acct): ₹450
  • Indiabulls AMC Charges (Trading Acct): ₹0
  • Indiabulls Account Opening Charges (Demat Acct): ₹0
  • Indiabulls AMC Charges (Demat Acct): ₹450

Frequently Asked Questions

  1. Can I link a joint bank account with Indiabulls trading account?

    Yes, you can link your joint bank account with your Indiabulls trading and demat account. But, you should be the primary holder of the bank account.

    Discuss this question

  2. How do I open HUF trading account with Indiabulls?

    Yes, a HUF can open a trading and a demat account. The HUF is the primary holder of the account and it the Karta of the HUF manages the account. You would need following documents-

    • PAN Card of the HUF / Karta
    • Identity Proof with the photograph of the Karta
    • Address Proof in name of HUF / Karta
    • Bank Statement in name of HUF
    • Income Proof in name of HUF
    • A Declaration by the Karta & all coparceners. The declaration must be on the original letterhead of the HUF along with the stamp & signature.

    Discuss this question

  3. How will I know when my account is opened with Indiabulls?

    You will receive a welcome email with your account details. The company will also send the following documents on your mailing address

    • Welcome letter
    • Client Master for the Demat account
    • Delivery Instruction Slip to transfer shares from your demat accounts
    • Login ID and Password to access trading platform

    Discuss this question

  4. Do I need to pay a fee to access Indiabulls trading platforms?

    The trading platform is available in 3 versions- desktop, web and mobile. There is a fee of Rs 750 to access the desktop platform. The web and mobile versions are free.

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  5. Do I need to pay any fee for closing the account with Indiabulls?

    No, there are no charges for closing the account. But, you have clear all pending dues before account closure.

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  6. Why am I asked to submit income proof for trading in derivatives with Indiabulls?

    It is mandatory to provide income proof to trade in derivatives. This is to prevent the use of black money in the derivatives market.

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  7. How to close Indiabulls Demat account?

    A Demat account holds the securities in the digital format. It's like your locker of all the securities. Any trader who wants to trade in the stock market in India needs to open a demat account. Opening a demat account is a very quick and easy process but closing a demat account is little difficult in comparison to opening an account. It's recommended to close your account if you are not using it or you have moved on some other broker. Because keeping even unused account will charge AMC.

    Before initiating the process of account closure stockholder has to:

    1. Clear all the debit or credit balance
    2. Transfer all the securities in another demat account
    3. Return any unused delivery instruction booklet slips

    After completing this, the customer has to get the form from their website or from the nearest branch. You can Download 'Indiabulls Securities Account Closure Form' from their website under the downloads section. Or click here to download the form.

    Fill it and attach supporting documents with it. Duly sign it and submitted to the nearest branch or courier it on the given address on the form.

    If everything goes well, it takes 15 days to close the account. Please note that there are no account closing charges.

    Discuss this question

Information about Indiabulls account opening, Indiabulls open account, Indiabulls opening charges, Indiabulls account opening charges, Indiabulls account opening status, Indiabulls amc charges, Indiabulls account charges and Indiabulls account closure.

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Information on this page was last updated on Monday, August 19, 2019


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