Free Trading + Demat Account

Sharekhan Open Account | Account Opening Process Review


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Sharekhan is 3rd largest stock broker in India offering brokerage services to retail and institutional customers. Sharekhan has wide network of branches, sub brokers and franchisee across the nation. Despite relatively higher brokerage charges, Sharekhan is the most popular broker among retail investor because of its personalized customer service through local offices, investors education programs and high quality trading platform.

Sharekhan offers 2-in-1 account (trading + demat account). The demat account is not mandatory with Sharekhan for investors who trade in only in derivatives segment (F&O).

Sharekhan has attractive prepaid trading plans for high volume customer which reduces brokerage fee significantly as you trade more.

Sharekhan Account Opening

You need a trading account with Sharekhan to trade in equity, commodity or currency. If you are planning to invest in equity (hold the shares you are buying for few days or month), then you also have open a Sharekhan Demat account.

Account opening with Sharekhan is the easiest in the industry. They have local offices (branch, sub-brokers and franchisee) in the neighborhood of most of the prospectus customers in India.

Open an Account in Sharekhan - 2 Easy Ways

To open an account in Sharekhan, an stock market investor or trader can follow below 2 easy ways:

  1. Request a Call Back - Online

    Visit Sharekhan website and click on 'Open an Account' button. On the right side of the page, provide your contact information. Sharekhan sales advisor would contact you within few hours and arrange a personal visit of local sales representative to your home or office. You could also ask for a detailed demo of Sharekhan offerings and trading platform.

  2. Visit Local Branch or Sub-broker Office

    Find the local branch or office of a sharekhan sub-broker and give them a phone call. They will arrange a personal visit to open an account for you. They will also provide a detail demo of the products they offer.

Sharekhan Account Opening Specials

Sharekhan has a special offer for Chittorgarh.com visitors using which you can open an Online Trading + Demat Account for FREE (zero account opening charges).

Sharekhan also adjust the AMC charges with against brokerage which reduces the cost further.

Sharekhan Account Opening Status

To check the account opening status, please call your sales representative who helped you with filling the form or visit local Sharekhan branch.

Sharekhan Account Opening Forms

Sharekhan demat account opening form pdfs are not available online. Please contact the sales advisor of Sharekhan or visit local branch to get the account opening forms.

Sharekhan Account Closure Procedure

Sharekhan customers pays an annual maintenance fee of Rs 400 + taxes each year. If you are no more need the account or moved to another broker, it is recommended to avoid these charges by closing the Sharekhan account.

Please Note:

  • The AMC amount keep getting accumulated every year with additional interest charged on it if you do not pay.
  • Sharekhan doesn't accept or process your demat account closure request until all dues are clear.
  • Phone calls or email are not entertained for account closure. Personal visit to Sharekhan office is required in almost all cases.

To close account with Sharekhan, customer has to visit nearby Sharekhan branch, clear all dues, return back all unused offline demat transaction slips and fill the account closure form. Make sure to keep a copy of your account closure request as 100's of customer every year complaint that they have submitted the request but continue getting charged AMC as account years after.

It takes 7 working days for Sharekhan to process the account closure request. Customer receive a confirmation letter within 15 days.

It's very important for customer to get a confirmation of the account closure to avoid surprises later. If you do not receive any information in 15 days, contact the local branch where you submitted the closure request.

Sharekhan Account Opening Charges

Customer pays account opening fee for trading account opening with Sharekhan. The account opening fees are as below:

  • Sharekhan Account Opening Charges (Trading Acct): ₹0 (Free)
  • Sharekhan AMC Charges (Trading Acct): ₹0 (Free)
  • Sharekhan Account Opening Charges (Demat Acct): ₹0 (Free)
  • Sharekhan AMC Charges (Demat Acct): ₹400 (Free for 1st year)

Frequently Asked Questions

  1. How to open account in Sharekhan?

    There are 2 easy ways to open an account with Sharekhan

    1. Request callback from Sharekhan representative for account opening.
    2. Visit Local Branch or request a call back and their sales representative will call you in few hours.

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  2. What type of account Sharekhan offers?

    Sharekhan offer 4 types of accounts to suite customers need:

    • First Step (for Beginners)
    • Classic (for Investors)
    • Trade Tight (for Active Traders)
    • Advisoty (for HNI's)

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  3. Can I have more than 1 trading account with Sharekhan with same name?

    No, Sharekhan doesn't allow to have multiple trading accounts with the same.

    But you could open a trading account with a different stockbroker with the same name.

    For Example;

    1. Sanjiv Singh (PAN # AHAPK1900J) cannot have 2 trading or demat accounts with Sharekhan.
    2. Sanjiv Singh (PAN # AHAPK1900J) can have a trading and demat account with Sharkhan and another trading and demat account with ICICI Direct.

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  4. How to open demat and trading account with Sharekhan?

    Sharekhan offers 2-in-1 account which includes a demat and a trading account. To open a demat account and trading with Sharekhan, leave your phone number and one of their sales representative will contact you. They will also arrange a brief demo on your request.

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  5. Can I have more than one demat account with Sharekhan?

    Yes, customer can have as many demat account as they want with Sharekhan. But note that only 1 trading account is allowed to an individual.

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  6. Is Sharekhan good for Mutual Funds?

    Sharekhan is among the most trusted mutual fund providers in India. They assign a personal relationship manager providing investment advice and tips to the individual clients.

    Here are a few things that make Sharekhan mutual fund a good platform-

    • It doesn't charge any brokerage, entry load and commission.
    • Quick invest section helps to search the best mutual funds with various screening criteria.
    • Fund selector to make selection easy, convenient and super fast.
    • Superfund screener with more than 3 filters for smart fund selection
    • Investors can open an instant paperless Sharekhan Mutual Fund Account and start investing instantly.
    • Sharekhan provides Robo advisor, NEO tool to offer the best fund advice to meet financial goals
    • It provides in-depth research analysis to help you create better investment strategies.
    • Sharekhan doesn't charge additionally on SIP transactions as compared to banks and other distributors.
    • Investors get timely recommendations on their investment portfolio based on the risk profile.
    • Customers can visit 157 branches and 2450+ network partners for investment advisory.
    • It offers dedicated online customer support to promptly solve your investment-related problems.
    • It has Sharekhan Classroom which is an online resource to learn the basics of investing in mutual funds.

    On the other side, they do not offer Direct Mutual Funds unlike discount brokers Zerodha and 5paisa. Direct Mutual Funds give additional benefits to investors (around 2% yearly) as the Mutual Fund AMC doesn't have to pay commission to the agents like Sharekhan.

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  7. How to close Sharekhan Demat account?

    The Sharekhan demat account involves brokerage fees, transaction fees and maintenance fees. So it's wise to close inactive demat account. Closing a demat account is a very simple process. It involves visiting the DP office or branch and submission of the form and supporting documents.

    For closing the Demat account, you need to fill up an Account closure request form. You can download it on your DP's website or from your broker website. There are a few conditions which need to be fulfilled:

    1. There should not be any security in your demat account, else transfer them before submitting closure request.
    2. All account holders must sign the request letter.
    3. Any negative cash balance of your account, non-payment of the previous account, maintenance charges needs to be cleared.
    4. Also, you need to submit back your unused delivery Instruction booklet slips.

    Once submitted, mostly it takes 2 to 3 days for the account to be closed. There are no charges for account closure.

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Information about Sharekhan account opening, Sharekhan open account, Sharekhan opening charges, Sharekhan account opening charges, Sharekhan account opening status, Sharekhan amc charges, Sharekhan account charges and Sharekhan account closure.

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Information on this page was last updated on Thursday, April 18, 2019


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