Bonanza offers a variety of account types to cater to different trading needs, including:
- 2-in-1 Account: This includes both a trading account and a demat account, allowing seamless trading and holding of securities in electronic format.
- NRI Account: Non-Resident Indians can open accounts to invest in the Indian stock market, with dedicated services available for their needs.
- Commodity Account: For trading in commodities alongside other asset classes.
- Mutual Fund Account: Clients can invest in mutual funds through Bonanza's platform.
- Equity Account: This allows clients to trade in equity shares on various exchanges.
Bonanza Broker Account Opening Process
Opening an account with Bonanza is straightforward and can be done online or offline. Here is a step-by-step guide:
- Visit the Official Website: Navigate to Bonanza's official website or download their mobile application.
- Click on "Open an Account": This option will lead you to the registration form.
- Register Your Details: Enter your full name, mobile number, and email address.
- Verify Mobile Number: An OTP will be sent to your mobile for verification.
- Upload Required Documents: This includes scanned copies of your PAN card, Aadhaar card, a cancelled cheque, and a passport-size photograph.
- E-Sign the Form: Complete the e-sign process using the OTP sent to your mobile.
- Document Verification: Bonanza's team will verify your documents.
- Account Activation: Once verified, you will receive your account details via email, and you can start trading.
The entire process is designed to be completed quickly, often within one working day. There are no charges for opening a trading account or a demat account, and the annual maintenance charges for the demat account are ₹250 per annum.
Bonanza accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .