Edelweiss FAQs (Frequently Asked Questions)


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Incorporated in 2008, Edelweiss Broking Ltd. is a Mumbai, India based full- service stockbroking firm. The company is a part of Edelweiss Group, incorporated in 1995, a leading diversified financial services conglomerate. The Retail Broking business of Edelweiss offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutu... Know more about Edelweiss Broking Ltd

Do you have questions about Edelweiss share trading account or Edelweiss demat account?

Get all your share trading doubts and questions answered by reading the Edelweiss demat, trading account information FAQ. All Edelweiss questions, Edelweiss q&a, Edelweiss faq and Edelweiss questions and answers.

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Edelweiss offers FREE Trading + Demat Account. Get a discount trading plan offering trading @ ₹10 per order flat rate. Save over 60% on brokerage in comparison of other full-service brokers.

This is a limited time offer. Simply leave your contact information with us and Edelweiss representatives will contact you.

Frequently Asked Questions

  1. 1. How to change bank account in Edelweiss?

    The process of changing the bank account in Edelweiss is a manual process wherein you will have to download a filled PDF form, print it, sign it, attach supporting documents and send them to the Edelweiss office. You could also visit the local branch of Edelweiss and submit a request to change the bank account detail.

    Steps to change bank account in Edelweiss

    1. Login to the Edelweiss website or mobile app.
    2. Click on the 'Profile Image' in the top right corner.
    3. Click on the 'See Profile' link.
    4. Scroll down to 'Your Bank, Demat & Trading Accounts' section
    5. Click on the 'Change Bank Account' link.
    6. Enter 'Account Number, Bank Name, IFSC Code and MICR'.
    7. Click 'Update Bank' button to submit the request.
    8. Download pre-filled PDF form (make sure popup-blocker is disabled)
    9. Print the form and sign it.
    10. Send the form with supporting documents to the Edelweiss office.

    Note:

    • Changes in Mobile No & Email ID can be done online. No paperwork required for this.
    • For all other changes (i.e. Address, Bank Detail) hard copy of request form and supporting documents are required.
    • You can link multiple bank accounts to transfer money in your trading account or for Margin & Debt obligations. However, payouts or fund withdrawal amounts will only be credited to your linked bank account.

     

     

  2. 2. How to update address in Edelweiss?

    You can update or change the registered address in Edelweiss trading and demat account by submitting a signed paper form to Edelweiss. The process of address change is not available online.

    Steps to update the address in Edelweiss

    1. Login to the Edelweiss website or mobile app.
    2. Click on the 'Profile Image' in the top right corner.
    3. Click on the 'See Profile' link.
    4. Scroll down to the 'Contact Address' section.
    5. Enter a new address and submit the form.
    6. Download pre-filled PDF form (make sure popup-blocker is disabled)
    7. Print the form and sign it.
    8. Send the form with supporting documents to the Edelweiss office.

    Note:

    • Changes in Mobile No & Email ID can be done online. No paperwork required for this.
    • For all other changes (i.e. Address, Bank Detail) hard copy of request form and supporting documents are required.

     

     

  3. 3. How to buy IPO in Edelweiss?

    Edelweiss Broking offers an online IPO application to buy IPO. Edelweiss IPO application is based on UPI as a payment gateway. This means you need a UPI to apply in an IPO online with Edelweiss.

    If you have not set up UPI, you could use an alternate way to by IPO online using the net-banking facility of the bank where you have an account. All banks offer ASBA IPO facility.

    Steps To Apply IPO Online in Edelweiss

    1. Login to the Edelweiss website
    2. Click on the 'SELF INVESTING' tab on top.
    3. Click on the 'Primary Market' tab on top.
    4. Choose the IPO in 'ONGOING IPOs' and click on the Apply button.
    5. Enter your bid details like price, quantity and investor type.
    6. Enter your UPI ID, review your order and click submit.
    7. Wait for UPI Mandate which may take up to 6 hours.
    8. Accept UPI Mandate in your UPI app (Net Banking or BHIM app)

    Note:

    • You will get an email and SMS confirmation once your IPO application is accepted by Edelweiss.
    • Your IPO application is not complete until the UPI payment is approved. It may take a few hours for you to receive the UPI payment request.

    Steps To Apply IPO Online in Edelweiss (ASBA Net-Banking)

    1. Log in to your net-banking account (i.e. ICICI, SBI, HDFC).
    2. Go to the Online IPO Application section.
    3. Select the available IPO.
    4. Fill IPO order form with bidding details.
    5. Enter Edelweiss demat account number.
    6. Review and submit your order.

     

     

  4. What is AMC for Edelweiss?

    Edelweiss charges ₹0 Annual Maintenance Charge (AMC) for a trading account and ₹500 (1st Year Free) for a demat account. AMC is charged to maintain the accounts.

  5. How much Edelweiss charge for delivery?

    Edelweiss charge ₹10 per executed order for equity delivery trade. These trades are also known as cash & carry trades or CNC.

  6. How much Edelweiss charge for intraday?

    Edelweiss charge ₹10 per executed order for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

  7. How much Edelweiss charge for futures?

    Edelweiss charge ₹10 per executed order for equity futures trading.

  8. How much Edelweiss charge for options?

    Edelweiss charge ₹10 per executed order for equity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  9. How much Edelweiss charge for currency trading?

    Edelweiss charge ₹10 per executed order for currency futures trading and ₹10 per executed order for currency options trading.

  10. What are transaction charges in Edelweiss?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing changes to it. These changes can be seen in the contract note.

    Edelweiss Transaction Charges 2020
    SegmentTransaction Fee
    Equity DeliveryNSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
    Equity IntradayNSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
    Equity FuturesNSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
    Equity OptionsNSE ₹5000 per Cr (0.05%) | BSE ₹5000 per Cr (0.05%) (on premium)
    Currency FuturesNSE ₹115 per Cr (0.00115%) | BSE ₹115 per Cr (0.00115%)
    Currency Options₹4000 per Cr (0.04%) (on premium)
    Commodity

  11. Does Edelweiss offer IPO?

    Yes. Edelweiss offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  12. Does Edelweiss offer Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with Edelweiss. In a Mutual Fund, asset management companies (AMC) collect money from several investors and invest them into certain stocks, bonds, debt funds, etc.

  13. Does Edelweiss provide margin funds?

    Yes. Edelweiss provide margin funding.

  14. What is Edelweiss intraday auto square-off time?

    Edelweiss auto square-off all open intraday positions at 3:00 PM.

  15. Does Edelweiss provide tips?

    Yes. Edelweiss provide trading tips for stock and commodity trading to its customers.

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Information on this page was last updated on Sunday, June 21, 2020


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