Nuvama Account Type

　　Nuvama offers two main types of accounts to cater to the varied needs of traders:

• Nuvama Lite:
• Designed for customers seeking a low-cost trading platform with minimal assistance.
• Charges a flat brokerage rate of ₹20 per order.
• Allows futures & options, and intraday trades against collateral and cash.
• No hidden charges.
• Nuvama Elight:
• A full-service brokerage plan for frequent traders looking for personalized services.
• Includes all features of the Lite plan without additional charges.
• Provides a dedicated relationship manager, access to exclusive products, customized leverage, and proactive advice.

　　

Nuvama Broker Account Opening Process

　　Opening an account with Nuvama is a straightforward process that can be completed in just a few steps:

• Eligibility:
• Available for all resident Indians and NRIs residing in GCC countries, Australia, New Zealand, Hong Kong, Singapore, and the UK.
• Online Account Opening:
• Visit the Nuvama online account opening page.
• Enter your profile information and select your brokerage rates plan.
• Complete the video IPV (In-Person Verification) stage by recording a video.
• Upload necessary documents and e-sign the application.
• Documents Required:
• PAN card.
• Address proof (Aadhar card).
• Personalized cancelled cheque or latest bank statement.
• Signature image (if a signed cancelled cheque is not provided).
• Passport-sized photograph.
• Additional income proof may be required for trading in derivative segments.
• Account Activation:
• The account gets activated on the same day if all documents are in order.
• Alternatively, you can choose to open an account offline by filling out a paper form and submitting it to a branch.
• Account Closure:
• To close the account, ensure all positions are closed and dues are cleared.
• Fill out the account closure form and submit it to the nearest branch or send it to the companys address.

　　For more details, visit Nuvama Account Opening.