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Pros

Low brokerage fees across various trading segments, making it cost-effective for traders.
User-friendly trading platforms with real-time market data and advanced charting tools.
Dedicated customer support available to assist with queries and trading issues.

Cons

Lack of comprehensive research and advisory services compared to full-service brokers.
Limited promotional offers and incentives for frequent traders.
Not properly regulated, which may raise concerns about safety and reliability for some investors.

Basan broker Accounts

Basan Equity Broking Account Types

Basan Equity Broking offers two primary types of accounts for traders: Demat Account and Trading Account.

  • Demat Account:
    • Purpose: Used to hold securities in electronic form.
    • Opening Charges: ₹100 for account opening.
    • Annual Maintenance Charges (AMC): ₹299 per annum.
    • Depository: CDSL & NSDL.
    • Documents Required: PAN card, Aadhaar card (preferred), bank proof, income proof, and signature on blank white paper.
    • Trading Account:
      • Purpose: Enables buying and selling of securities.
      • Opening Charges: Free.
      • Annual Maintenance Charges (AMC): Free.
      • Documents Required: Same as for Demat Account.

      Basan Equity Broking Account Opening Process

      Basan Equity Broking provides two methods for opening an account: Online and Offline.

      Online Account Opening Process:

      • Visit the Website: Navigate to the Basan Equity Broking website.
      • Fill Application Form: Complete the online application form with accurate personal and contact information.
      • Upload Documents: Upload required documents including proof of identity, address proof, income proof, and bank details.
      • Submit for Verification: Submit the application form for verification.
      • Email Confirmation: After verification, receive an email with instructions for e-signing the necessary documents.
      • E-sign Process: Follow the provided instructions to complete the e-sign process.
      • Account Activation: Your account will be activated within 1 hour, and you will receive a welcome email confirming activation.
      • Offline Account Opening Process:

        • Download Form: Download the account opening form from the Basan Equity Broking website or obtain a physical copy from a branch office.
        • Complete Application: Fill out the application form accurately, providing all required personal and contact details.
        • Attach Documents: Include necessary documents such as proof of identity, address proof, bank details, and income proof.
        • Submit Application: Submit the completed application form and documents to the designated Basan Equity Broking branch office.
        • Verification: The submitted forms and documents will be verified by company representatives.
        • Account Activation: If there are no discrepancies, your account will be activated within 24 hours, and you will receive a welcome email confirming activation.
Basan accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Basan Account