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Indiabulls Open Account | Account Opening Process Review


Indiabulls Ventures Limited (IVL) is the broking arm of Indiabulls Group. The Indiabulls group is one of the country's leading financial services company. IVL was earlier known as Indiabulls securities. The company is a full-service broker offers securities and derivative broking services. It is the first company to get the BQ-1 (highest broker quality) grading by CRISIL.

Indiabulls Commodities, a subsidiary of the company, offers Commodity trading services. IVL also offers Mutual Funds, Offer for Sale (OFS), IPO and Depository Services.

Indiabulls offers its customers access to an advanced trading platform. The platform is available in desktop, web and mobile versions. It provides a single window to traders to trade in different asset classes and exchanges.

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

  • Experienced Full-service broker
  • Part of the reputed Indiabulls Group
  • The first company to achieve BQ-1 grading by CRISIL (highest broker quality grading)
  • Offers stocks, commodity, currency and derivatives trading services
  • Offers Mutual Funds, Offer for Sale (OFS), IPO and Depository Services
  • 7+ lakhs customers
  • Presence in 20+ cities
  • 900+ dedicated sales team
  • In-house expert research team

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. Here's how you can open an Indiabulls trading account-

  1. Open an e-account

    You can choose to open an online trading and demat account. It takes 15 minutes to open the online account.

    1. Visit Indiabulls website
    2. Fill the form
    3. Enter the required information and upload the soft copy of the documents
  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 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
  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 provide 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 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 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): Rs 750
  • Indiabulls AMC Charges (Trading Acct): NIL
  • Indiabulls Account Opening Charges (Demat Acct): NIL
  • Indiabulls AMC Charges (Demat Acct): Rs 450

FAQ's

  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.

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  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.

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  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

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  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.

    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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