Unlimited Trading @ Rs 899 per month - Prostocks

SAS Online Open Account | Account Opening Process Review


-0.35% 12,402 Clients

SAS Online Account Opening Charges 2019

TransactionCharges
SAS Online Trading Account Opening Charges₹200
SAS Online Account AMC Charges₹0
SAS Online Demat Account Opening Charges₹200
SAS Online Demat AMC Charges₹200

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 ₹9/trade flat brokerage plan for all segments. They also offer unlimited monthly trading plans of ₹999 for equity and commodities and ₹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

  1. 1. How long does it take to open an account with SAS Online?

    The account opening takes up to 24 hours after they receive of the form. In case of any discrepancy or missing documents, intimation is sent over call/email.

    You will get confirmation, once your account is activated, via email and SMS. You will also receive a Welcome call providing all the details about your account.

    Discuss this question

  2. 2. What all documents are required for account opening with SAS Online?

    Following self-attested documents are required:

    • Copy of PAN Card
    • Copy Of Aadhaar Card
    • Copy of Address Proof
    • Passport size photographs
    • Canceled cheque with printed name
    • Income Proof (If you want to trade derivatives)
    • A cheque for account opening charges

    Discuss this question

  3. 3. Who can open an account with SAS Online?

    All resident Indians can open an account with SAS Online. Currently, the company doesn't offer services to Non-Resident Indians (NRIs).

    Discuss this question

  4. 4. Is there a minimum balance required in my SAS Online trading account?

    No, SAS Online trading account doesn't require you to maintain a minimum balance. You can transfer and withdraw funds into your account as per your needs.

    Discuss this question

  5. 5. Why do I have to pay Account Opening charges to SAS Online?

    SAS Online charges one-time account opening fees to cover expenses incurred for processing your application. The Trading + Demat Account opening charges are ₹400 (inclusive of taxes). For commodities account, you need to pay additional ₹200 (inclusive of taxes).

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  6. 6. How to update details in SAS Online trading account?

    After your account is opened, you may need to update your details like bank/mobile number etc. SAS Online offers an OTP based modification facility wherein you can update your details online. To update details, you need to login to 'back office' and go to 'requests' section under it. For some modifications, you may be asked to upload soft copies of the documents.

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  7. 7. How do I know if my trading account is opened with SAS Online?

    You will get confirmation email and SMS, once your account is opened. A company representative will also call you to provide details about your account.

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  8. 8. How to close SAS Online Demat account?

    One person can have multiple trading and demat account. If you want to move from SAS Online and planning to open another demat account with some other broker, you can do it anytime. But It's wise to close the existing account because though you are not using it, still you have to pay a maintenance fee on that. Also, there is a risk of misuse of your account. SAS Online doesn't charge anything for account closing.

    Before closing the account an account holder should complete the below formalities:

    1. Transfer all your stocks or holdings from your existing demat to a new demat account
    2. Clear all the debit balance from your account. In case of any credit balance, the money will be transferred in your given account.
    3. Clear all the positions in your trading account

    Steps to follow to close an account with SAS Online:

    1. Get the form from their website
    2. Print it, fill all the required detail and duly sign it
    3. Attach copies of required documents
    4. Courier it to the SAS Online office

    If everything goes well it takes 7-10 days to close the account. But in case you won't hear from them in 15 days, make sure to follow up with the company.

    Discuss this question

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Information on this page was last updated on Wednesday, November 20, 2019


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