These days online or internet-based registration is the best. Apart from convenience; it has become very efficient and safe as well!
Most brokers today offer the online account opening option. One must look at the legacy and service portfolio of the broker. Trading and Investment work great when they are relationship-based, so a full-service broker fits the bill.
Choice , the financial services arm of the mega-conglomerate, Choice Group and has been taking long strides in that space. They have been in the industry for more than 25 years now and offer the entire suite of financial solutions for retail and institutional investors.
Choice Broking’s Choice FinX app has proved to be a star in the trading space. The features on the platform are great and the app is super-quick. Let’s look at the online way of opening the Demat account with Choice.
You can use the website or download the App, the steps remain the same.
- Install the Trading App (Android & iOS) and on the Login Page click on ‘Don’t Have An Account’.
- Below documents and details will be required so please keep them handy. Click on the ‘Getting Started’ Button:
- Address Proof
- PAN Card
- Cancelled Cheque
- Photograph
- Signature on a White Paper
- Income Proof
- Enter your Mobile Number and Permanent Account Number (PAN)
- Upload/Click an image of your PAN Card and enter your basic details.
- Enter your Address Details (In case it is not fetched from KRA (KYC Registration Agency ) i.e PAN
- Select your Economic Details.
- Upload/Click an image of your Cancelled Cheque/Pass Book (Please ensure it has your Name, IFSC & MICR) and the following bank details.
- Select the segment you want to trade in Equity/Derivatives, Currency or Commodities
- In-Person Verification (Write down the OTP mentioned on the screen, on a clear white paper, Click and upload a selfie with the paper, ensuring that your face and the OTP are clearly visible)
- Upload/Click an image of the following KYC relevant documents
As you can see in 10 simply steps the Demat account registration is completed. If the KYC (Know Your Customer) formality has already been done before the account will be activated right away. You will receive the account opening emails on your registered email-id.
The account opening is easy and paperless. If the documents are ready it take just 10 minutes to open the demat account.
