Incorporated in 1990, SMC Global Limited is a broking and distributed financial services company. It caters to over 18 lakh customers in India and abroad with a wide product portfolio.
SMC offers broking services in multiple asset classes including equity, derivatives, currency and commodity etc., across multiple exchanges including BSE, NSE, MCX, NCDEX and MCX-SX. It also offers other financial services like Mutual Funds, IPOs, Bonds, Advisory and Wealth Management etc.
Key Facts about SMC Global
You can open an account with SMC in 2 ways
Your account will be opened instantly and you can access all the features in a few minutes.
Documents needed for account opening
SMC Global requires following documents to open the trading and demat account:
Additional documents as proof of income may be required for trading in derivative segments.
Check Account Opening Status
The online account is opened instantly.
It takes 3-4 days for opening a trading and demat account offline provided all your documents are in order. The company's customer support team will contact you in case there are any discrepancies.
You can check the account opening status online at SMC eKYC website.
You can also call their toll free number or write an email to the customer support.
Account Opening PDF Forms
To open a trading and a Demat account with the SMC, you need to register yourself online or call/SMS their toll-free numbers to express your interest. A company representative will get in touch with you and will share the Account Opening PDF Form which you need to download, fill, sign and send it to the company address along with required documents.
The account opening PDF forms are available on the download page of SMC Global website.
If all your documents are in order, the account will be opened in 3-4 working days.
You can close the SMC trading and the Demat account at any time.
Steps to close SMC Account
Get in touch with SMC's customer service team by call/email etc. The customer service representative will assist you in closing the account.
In general, the accounts are not closed online. The company will ask you to fill a form and send it with required documents to the address provided in the form. If you have a joint Demat account then all holders have to sign the form.
If there are any balance funds in your account then it will either be transferred to your bank account.
Before initiating account closure, please make sure that-
It is advisable that you follow up with the customer service, a couple of weeks from completing the account closure formalities, to check the status of your account.
Customer pays account opening fee for trading account opening with SMC Global. The account opening fees are as below:
It takes 3 to 4 days to open the trading and Demat account with the company provided all your documents are in order.
You need following documents to open an account with SMC-
Any individual, HUF (Hindu Undivided Family), proprietary firm, partnership firm or a corporation can open an account.
Yes, it is mandatory to open the Demat account with the trading account.
Once the account is opened, you will receive a welcome kit from the company. The kit contains Welcome Letter, Information Brochures, software/demo CD etc., to assist you in operating the account.
No, you don't need to maintain any minimum balance in the trading account. You can transfer and withdraw funds as per your trading needs.
Currently, there are no charges (subject to certain conditions) for opening a trading account and a Demat account with SMC. However, you have to pay charges for accessing the platforms.
Information about SMC Global account opening, SMC Global open account, SMC Global opening charges, SMC Global account opening charges, SMC Global account opening status, SMC Global amc charges, SMC Global account charges and SMC Global account closure.
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