Open SAS Online Account (SAS Online Account Opening Process, Documents and Charges)

SAS Online is a discount stock broker. It offers to trade in stocks, commodities, currency, future and options on NSE, BSE and MCX. SAS Online is an online brand of South Asian Stocks Ltd. The company started its discount brokerage services in 2013. It operates from its centralized office in Delhi.

SAS Online offers 4 different plans to suit the varied trading needs of its customers. It offers both, flat brokerage and unlimited trading plans. There is an Rs 9/trade flat brokerage plan for all segments. They also offer unlimited monthly trading plans of Rs 999 for equity and commodities and Rs 499 for currency.

SAS customers can trade using its trading platform ALPHA. It is built by Tradelab. The popular brokers in India use the Tradelab trading platform. The platform is available in desktop, web and mobile version. It offers good trading features for fast and reliable trading.

SAS also offers Omnesys NEST trading software for free to all its customers.

Key Facts about SAS Online

• Offering discount brokerage services since 2013.
• Member of NSE, BSE, MCX, NSDL and SEBI
• 20,000+ customers across 750+ cities in India as of Nov 2018
• 7000+ crore in daily turnover as of Nov 2018
• Processes over 60,000 orders on a daily basis
• Low brokerage plans that can save up to 90% of trading costs
• Refer friends and earn 20% to 50% of the brokerage paid by your friends.

Product Offered by SAS Online

• Online Trading
  • Equity Trading at BSE, NSE
  • Commodities Trading at MCX
  • Currency Trading at NSE
• Depository Services (Demat Account)

SAS Online Account Opening

You can open an account with SAS Online in 2 simple ways.

Note: The online paperless instant account opening is not available with SAS Online. You will have to fill the paper forms to open an account with them.

1. Download a PDF Account Opening Form

   To open an account:

   • Download Account Opening Forms from the website under Downloads >> Account Opening option.
   • Print it, fill in the required information and sign the form on marked places.
   • Send the signed forms and documents to address provided in the form.
2. Request an Account Opening Form

   You can request an account opening form from SAS Online via phone/email. The broker sends the printed form to you. You have to pay Rs. 100 as charges for the courier services.

   Once you get the form, fill it as required, sign at the marked places, attach necessary documents and send it to the company via courier.

Documents Required For Account Opening

1. Copy of PAN Card
2. Copy Of Aadhaar Card
3. Copy of Address Proof (Aadhaar Card/ Voter ID, Passport / Driving License / Bank Statement / Landline Bill / Electricity Bill / Gas Bill).
4. Passport size photographs
5. Canceled cheque with printed name / Latest Bank Statement/ Bank Passbook first & latest transaction page)
6. Income Proof (If you want to trade derivatives)- Latest Pay slip/Form 16 / IT Returns/ 6 month Bank statement/ Copy of Demat Holding with any other Broker (if any)
7. A cheque for account opening charges

Check Account Opening Status

Once your Form is received, all documents will be checked and processed. In case of any discrepancy or missing documents, intimation will be sent to you over call/email. Once the documentation is complete you will be ready to trade from the next day.

In case of delay in account opening, get in touch with the customer support via phone/email.

Account Opening PDF Forms

You can download the Account Opening PDF Forms from the website. Visit section 'Downloads' and then 'Account Opening' to get the PDF form.

You can also request for account opening forms via call/email. The company will courier the forms at your requested address.

SAS Online Account Closure

SAS Online offers trading and demat accounts. If for some reasons, you wish to close these accounts, then you can do it anytime.

Steps to close SAS Online Trading and Demat Account

1. Download the 'Account Closure Form' from its website
2. Print, fill in the required details and sign the form.
3. Attach copies of required documents.
4. Send it to the SAS Online office by courier

Before you initiate the account closure process, please make sure to:

• Move all your securities (shares, mutual funds etc.) into your demat account.
• Close all open positions in your trading account.
• Clear dues (if any) with the broker.

Make sure to follow up with the company to ensure that your account is a closed.

Frequently Asked Questions

SAS Online Competitors Review

Information on this page was last updated on Wednesday, March 22, 2023