Axis Direct Account Type

Axis Direct offers several types of accounts to cater to different trading and investment needs. The primary account types include:

• 3-in-1 Account: This integrated account combines a trading account, a demat account, and a savings account with Axis Bank, allowing for seamless fund transfers and easy management of investments across various asset classes such as equities, mutual funds, IPOs, and derivatives.

• Trading Account: A standalone account for trading in stocks, derivatives, and commodities. It can be linked to any bank account for fund transfers.

• Demat Account: This account is specifically for holding securities in electronic form, allowing investors to buy and sell shares without the hassle of physical certificates.

• NRI Account: Axis Direct also offers a 4-in-1 NRI account, which includes a trading account, demat account, NRI PIS savings bank account, and non-PIS bank account, facilitating investments for Non-Resident Indians.

• Various Brokerage Plans: Axis Direct provides multiple brokerage plans, including fixed brokerage plans and subscription-based plans, which cater to different trading volumes and preferences.

Axis Direct Broker Account Opening Process

Opening an account with Axis Direct is a straightforward process that can be completed online or through an Axis Bank branch. Heres a step-by-step guide:

• Visit the Axis Direct Website: Go to the Axis Direct official website and click on the "Open an Account" button.

• Fill Out the Registration Form: Enter your mobile number and email to receive an OTP. Complete the registration form with your PAN number and date of birth.

• Provide Personal Details: Fill in your correspondence address and other personal details such as marital status and nominee information.

• Bank Details: Enter your bank account details, including account number and IFSC code.

• Select a Brokerage Plan: Choose the brokerage plan that suits your trading needs.

• Upload Required Documents: Submit necessary documents such as PAN card, Aadhaar card, canceled cheque or bank statement, and a passport-sized photograph.

• Complete KYC Process: You can complete the KYC process digitally using Aadhaar authentication or submit physical copies of documents to a branch.

• Account Verification: After submission, Axis Bank will verify your documents and your account will typically be opened within 48 to 72 hours.

• Receive Welcome Kit: Once your account is activated, you will receive a welcome kit with your account details and instructions for trading.

For more detailed information on account types and the opening process, you can visit the Axis Direct website.