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Open Motilal Oswal Account (Motilal Oswal Account Opening Process, Documents and Charges)

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Motilal Oswal Account Opening Enquiry

FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

Motilal Oswal Account Opening Charges 2024

Motilal Oswal account opening charges are Rs 0 (Free) for a trading account and Rs 0 for Demat account. Motilal Oswal charge Rs 199 (Free for 1st Year) AMC for Demat account.

Trading Account Opening ChargesRs 0 (Free)
Account AMC ChargesRs 0
Demat Account Opening ChargesRs 0
Demat AMC (Yealy)Rs 199 (Free for 1st Year)

Individuals above the age of 18 with valid PAN card and Aadhar card can open an online account with Motilal Oswal for FREE from the comfort of their mobile phone. Motilal Oswal offers a 2-in-1 Account which facilitates - securities holding and trading. The AMC (annual maintenance charge) for Demat Account is free for the first year and payable Rs 400 after one year.

Incorporated in 1987, Motilal Oswal Financial Services Ltd. is Mumbai, India-based financial service provider offering products and services including Retail Stock Broking, Commodity Broking, Currency Brokering, Institutional Broking, Asset Management, Investment Banking, Home Loans, Wealth Management, Depository Services, Mutual Funds, IPO etc.

Facts About Motilal Oswal Group (As of Nov FY 2021-22)

  • Number of customers: 50+ Lakhs
  • Number of outlets: 2500+
  • Presence in a number of cities: 550+
  • Number of Personal Advisors to Service clients: 1100+
  • Number of Research Analysts: 20+
  • Sectors and companies covered: 20+ sectors and 200+ companies
  • FY2021 -22 Consolidated Revenues of Rs 4,319 Crore
  • FY2021 - 22 Profit After Tax (PAT) of Rs 1,310.73 Crore

Motilal Oswal Account Opening

To trade in equity, commodity or currency, you need a trading account with Motilal Oswal.

Motilal Oswal offers 2 easy way to open account:

  1. Online Account Opening

    Motilal Oswal Financial Services is amongst the first in India to incorporate a 100% paperless account opening process. Customers can open an online 2-in-1 account (Trading & Demat Account) in under 15 minutes. This is by far the easiest and most instant way to open a Demat account in India.

    To open an online demat account, you must download the Motilal Oswal App and proceed with the "Open an Account". Alternatively, you can visit the Motilal Oswal website, click the 'Open an Account' button on the upper panel, and fill out the online application.

    Benefits of opening accounts online

    • Instant Account Opening - Open an account in just 15 minutes.
    • Convenient - Transfer funds through Net Banking or Debit Card or through UPI.
    • Secure - No human interruption or privacy leak.
    • Intuitive - Pre-filled data to help you resume your journey from where you left it.
    • Real-Time Tracking - Fill or update the account opening form anytime (24x7).
    • Trade within 15 minutes of Account Application - Once the supporting documents are received, start trading in just a few minutes.
  2. Visit Local Branch or Sub-broker Office

    Motilal Oswal has offices located in more than 500 cities across India. These include branches, sub-brokers and franchisees. Customers can also open an account at any branch or with any sub-broker or franchise partner by submitting their request offline or giving them a call.

    To open an offline Demat Account with Motilal Oswal, all you have to do is find a local branch or office of a Motilal Oswal sub-broker and call them. The partner will arrange a personal visit, demo and account opening for your convenience.

Motilal Oswal Account Opening Specials

Customers can avail of several benefits by opening an online demat account with Motilal Oswal.

  • No Account Opening Fees are applicable. Account opening fees worth Rs 500 will be waived off
  • No AMC for the 1st Year - AMC charges on your demat trading account will be waived off for the 1st year
  • Rs 0* brokerage for 1st Month on F&O Trading - Customers opening a Demat account online will be applicable to unlock this benefit
  • Free Equity Intraday Trading for Lifetime
  • Free Expert research and advisory - One of the most important factors to consider opening an account with Motilal Oswal is that it provides easy access to expert research reports and investment calls.
  • FREE Access to Stocomo - An investor community that helps you connect with experts and peers for your investment-related queries
  • FREE Access to EDUMO - a comprehensive educational course on everything related to stock markets

Motilal Oswal Account Opening Status

It is now easy to track the status of your account online. To know your account status - simply visit the account opening page, enter your mobile number and the OTP and check the status instantly.

If you have submitted your account opening request offline through any branch, please call your sales representative who helped you with filling out the form or visit the local branch.

Motilal Oswal Account Opening Forms

To open an online demat account with Motilal Oswal, all you have to do is visit the official Motilal Oswal website and click on the "Open Demat Account" button displayed on the upper panel.

  • This will redirect you to the registration page.
  • Register with your mobile number and enter the OTP to verify your mobile number.
  • Once you've registered your mobile number, you can then proceed further by filling up all the details required by the exchanges and finally e-sign your account opening form through Aadhar-based OTP.

To open a Demat Account offline - you will have to print the account opening forms available on the website. Fill up the form and submit it to the office through courier.

You can also connect with the sales advisor of Motilal Oswal or visit your nearest Motilal Oswal branch to open your account.

Motilal Oswal Account Closure Procedure

To close your Motilal Oswal Demat account, you are required to connect with the sales advisory personnel at Motilal Oswal and submit your request for account closure. This requires you to duly fill out the account closure form which can be collected from any nearest branch or by sending an email request.

Motilal Oswal Special Offer

FREE Account Opening (for a limited time only)

  • Get FREE Account Opening,
  • Free Intraday Trades,
  • Free F&O brokerage for 1st Month,
  • FREE Personal Advisor and Research,
  • FREE for 1st Year Demat AMC.

This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes.

Frequently Asked Questions

  1. 1. Why Open Demat Account with Motilal Oswal?

    • Research & Advice

      Motilal Oswal offers 30,000+ research reports across 230+ companies and 21+ sectors. Get recommendations at your fingertips with actionable strategies.

    • One Stop Financial Store

      Trade in Equity, Commodity, Currencies, IPO, Mutual Fund etc. from one platform. Trade across exchanges BSE, NSE, NCDEX, MCX.

    • Trading Across all Devices

      Powerful, fast & secure technology across all platforms - Mobile, Tablet, Desktop, and Web.

    • Open Free Demat & Trading Account

      Open 100% paperless trading and demat account. Open account in just 15 mins. Pay zero Demat Account opening & No AMC for the first year.

    • Customer Service

      Dedicated Advisors for all your trading needs. Call & Trade available to all customers.

    • Trusted Broking House

      Motilal Oswal is among the most trusted broker with 30 years of experience.



  2. 2. How to close Motilal Oswal Demat account?

    Motilal Oswal Demat account can be closed by submitting the duly filled paper form to the nearest Motilal Oswal office.

    Steps to close the Motilal Oswal account:

    1. Download the account closure form.
    2. Fill the closure form with the below details:
      1. Client ID.
      2. Trading Code.
      3. Names of the account holder.
      4. Address of the account holder.
      5. Reasons for closing the account.
    3. Send the form to their head office or physically submit it to the nearest office.

    Please ensure there are no holdings and negative balances in your account before initiating the account closure request.

    If there are any securities in your account, either sell them or transfer them to another Demat account by submitting an off-market instruction.



  3. 3. How to open a trading account in Motilal Oswal?

    Motilal Oswal allows you to open a demat account and a trading account together. A separate application is not required. To open a demat account and a trading account with Motilal Oswal, you must do the following:

    1. Visit Motilal Oswal's website. On the main page itself, you will find the option "Open Demat Account" at the top.
    2. Click on this tab and fill the form to open a Demat account.
    3. Enter your mobile number to which an OTP will be sent. Enter the OTP and click Submit.
    4. Provide details like date of birth, PAN, email address and bank account details.
    5. Complete the E-Sign by verifying your email address through OTP.
    6. Once all the information and documents are verified, your account will be opened.
    7. The Demat account details will be forwarded to the registered mail address of the customer.

    The entire account opening process is online and paperless.



  4. 4. How to close Motilal Oswal trading account?

    As of now, there is only an offline account closure procedure. The online feature is not available.

    1. To close a Motilal Oswal trading account, download the account closure form from the website.
    2. Fill in all the required information.
    3. Print out the application.
    4. Submit the duly completed and signed application to the nearest Motilal Oswal branch.
    5. Ensure that there are no outstanding debts on the demat or trading account before applying for account closure.



Motilal Oswal Account Opening Enquiry

FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

Information on this page was last updated on Saturday, November 18, 2023

Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.


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