Incorporated in 2015, SAMCO is a Mumbai based Online Stock Broker. SMACO offer low-cost brokerage services. SMACO is a retail-focused discount broker for trading at NSE, BSE, and MCX. The broker also provides leverage products for delivery funding (margin funding) and margin against shares in demat account. SAMCO is a depository member of CDSL through which it provides demat account related services.
SAMCO is trading member of NSE, BSE, and MCX, depository participant of CDSL and SEBI registered broker.
The online trading account offers Equity, Currency and Commodity trading. Customer who would like to trade only in the F&O segment can open just the trading account with SAMCO. Investors who would like to take the stock delivery need a 2-in-1 account.
To open an account with SAMCO, you could follow 3 simple ways:
You could open an online trading account instantly in less than 5 minutes if you have your aadhar linked with your mobile number. This paperless process has 2 main parts:
In eKYC, if a customer has already done KYC with other financial institution, the customer data is pulled online based on the basic information provided by the customer. The Aadhar eSign process provides a digital signature to your account opening form if the customer has the correct phone number linked to Aadhar and can validate that through OTP. This is the fast, safe and convenient way of opening trading and demat account.
Steps to open an online account with SAMCO
In some cases, the customer may have to attach few electronic documents including a copy of your PAN Card, Photo, Bank Statement etc.
Why you should open an online trading account with SAMCO?
You could download PDF forms from SAMCO website, fill them up, attach supporting documents and send them to SAMCO Mumbai office for account opening. This process is less preferable as it takes a longer time to an open account.
SAMCO has its corporate office at Elphinstone Road; Mumbai. You could visit SAMCO office and open account with them.
SAMCO has 2 limited time special offers running at this time. These offers could save you 100's of rupees and at the same time gives you an opportunity to try SAMCO services.
SAMCO offers trading and demat account opening at absolutely no cost. This is a limited time offer.
Open an account with SAMCO, download mobile trading app StockNote and get 100% cashback on brokerage paid for trades done through the mobile app in the 1st month. This limited time offer works only for the trade executed using the mobile app.
You could check the status of your online account opening by login into the online account opening website.
SAMCO Website >> Go to Login link navigation bar on top >> Complete Account Opening >> Login
Online account opening is preferred as it is instant and paperless. But SAMCO also provides a way to open an account offline by filling the forms.
You could download the account opening forms in PDF format from SAMCO website, fill them up, sign them and send them to SAMCO Mumbai office.
SAMCO PDF Forms are available at.
SAMCO Website >> Utilities >> Download >> Account Opening Forms
SAMCO offers 2-in-1 account (Trading and Demat) which can be easily closed if they are no more needed. It is indeed recommended to close the account to avoid AMC charges, unwanted penalties or misuse of your account if you are not planning to use them.
Steps to close SAMCO Account:
Once the form is received by SAMCO, it takes up to 7 days to close your account if the form is incorrect order. You will receive a confirmation letter within 15 days.
Note that follow-up for account closure is important. If you do not get confirmation in 15 days, contact the customer support to check the status.
Customer pays account opening fee for trading account opening with SAMCO. The account opening fees are as below:
To access to leverage products offered by SAMCO:
Demat account is like a bank account. In the bank account, we keep the money. In a similar way, in demat account, we hold shares of the company, mutual funds, bands etc. in electronic form.
If you planning to take the delivery of shares, demat account is mandatory. You can either open a demat account with SAMCO or link any of your existing demat account with your SAMCO trading account.
It is preferable to open the demat account along with the trading account from the same broker. This 2-in-1 account offers seamless transactions of shares between your trading accounts and demat account.
If you link your external demat account with SAMCO trading account, you have to manually submit the delivery instructions to your DP every time you sell a share.
Information about SAMCO account opening, SAMCO open account, SAMCO opening charges, SAMCO account opening charges, SAMCO account opening status, SAMCO amc charges, SAMCO account charges and SAMCO account closure.
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