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Yes Securities Open Account | Account Opening Process Review


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Yes Securities (YSL) is a SEBI registered stockbroker and financial service provider offering its services since 2013. YSL is a member of BSE, NSE, and NSDL. The company offers its services online as well as through its 50+ branches located across major cities in India.

Yes Securities offers 2 types of brokerage plans

  1. Invest Value Plan

    A percentage brokerage fee plan wherein a percentage of the trade value is charged as brokerage irrespective of the trade size. The Minimum Brokerage under this plan is lower of Rs 25 or 2.5% of Trade Value.

  2. Invest Advantage Plan

    A turnover based brokerage plan suited for high volume traders wherein different brokerage percentages are charged based on monthly trading turnover.

YesInvest is the flagship online trading platform offered by Yes Securities. It is a web-based trading platform that offers all the essential features for analysis and trading. YSL also offers a mobile trading app. Both the platforms are available for free to the customers.

Facts about Yes Securities

  • Offering a range of financial services including equity, derivatives, currency, Mutual Funds and IPOs
  • Member of SEBI, BSE, NSE, and NSDL.
  • Strong presence across India with 50+ branches.
  • Offer good online trading software and mobile trading app.
  • Offers 3-in-1 account.

Product Offered by Yes Securities Financial Services

  • Online Trading
    • Equity Trading at BSE, NSE
    • Currency Trading at NSE
  • Depository Services (Demat Account)
  • Mutual Funds
  • IPO's

Yes Securities Account Opening

You could open an account with Yes Securities in 2 simple ways:

  1. Fill a form on their website

    You can fill a short form available on their website and the company representative will contact you. It is a simple form available on the home page of the website wherein you have to enter your Name, City, Mobile, Email and the product you are interested in.

  2. Visit Yes Securities Branch Offices

    They have over 50 branch offices in 45+ cities across India. You can visit any of these branch offices near to you and initiate the account opening process.

  3. Contact Customer Support

    Write an email or call their customer care to express interest in opening an account. The executive will help you take the next steps in account opening.

Documents needed for account opening

You would need the following documents to open a 3-in-1 account:

  1. Identity Proof (AADHAR Card/PAN Card with photo)
  2. Address Proof (Passport/ Voters Identity Card/ Ration Card)
  3. Passport Size Photo

For derivatives trading, additional documents as income proof may be asked.

Check Account Opening Status

It takes a few days to open an account after the account opening application is submitted to the company. You can contact customer support to track your application status.

Yes Securities Account Closure Form

Yes Securities offer 3-in-1 accounts. If you don't need these accounts, you can close them anytime.

Before you initiate the account closure process, please ensure:

  1. Move all your holdings from the demat account.
  2. Close all open derivatives positions in your trading account.
  3. Clear all dues with the broker.

The 3-in-1 account cannot be closed online or through email. You need to submit an account closing form signed by all account holders.

Steps to Close Yes Securities Account

  1. Get the 'Account Closure Form' from the nearby branch or contact customer care.
  2. Fill and sign the account closure form.
  3. Attach self-attested copies of the ledger and unused DP slips.
  4. Send it to the Yes Securities office or submit it to your nearest branch.
  5. Collect the acknowledgment receipt if you are submitting the form at a branch office.

Note:

  • The balance fund (if any) is transferred to the bank account mentioned in the account closer form.
  • The account closure intimation and final statement of the accounts are sent once the account is closed.
  • Contact customer care or branch office if you do not get confirmation in 15 days.

Yes Securities Account Opening Charges

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

  • Yes Securities Account Opening Charges (Trading Acct): ₹0
  • Yes Securities AMC Charges (Trading Acct): ₹0
  • Yes Securities Account Opening Charges (Demat Acct): ₹0
  • Yes Securities AMC Charges (Demat Acct): ₹500

FAQ's

  1. What all documents are required for Yes Securities account opening?

    Following documents are requried to open a 3-in-1 account with Yes Securities:

    1. Identity Proof (AADHAR Card/PAN Card with photo)
    2. Address Proof (Passport/ Voters Identity Card/ Ration Card)
    3. Passport Size Photo

    Note: For derivatives trading, additional documents as income proof are required.

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  2. Who can open an account with Yes Securities?

    All resident Indians and Non-Resident Indians (NRIs) can open an account with Yes Securities.

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  3. How do I know if my trading account is opened with Yes Securities?

    You will receive a welcome email on the opening of the account. The email will include your account details, login credentials and instructions to log in on to trading platforms.

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  4. Do I need to maintain a minimum balance in my Yes Securities trading account?

    No, there is no minimum balance required. You can move the money in your trading account as you need it and withdraw any additional cash in your trading account.

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  5. What is the process to change email ID or mobile number for my Yes Securities account?

    To change Email ID or Contact Number in your Yes Securities Trading and Demat account, please take the following steps:

    1. Login to yesinvest.in
    2. Click on Service>>My Profile>>Edit
    3. Enter your new Email ID or Contact Number

    Your details will be changed within 2 working days.

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

Contact Yes Securities / Request Call Back

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Yes Securities Competitors Review

Information on this page was last updated on Friday, March 29, 2019


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