Nuvama Account Type

　　Nuvama offers two primary types of trading accounts to cater to different trading needs:

• Nuvama Lite:
• Designed for customers seeking a low-cost trading platform with minimal assistance.
• Features:
• Flat brokerage rates of ₹20 per order.
• Allows F&O (Futures and Options) and intraday trades against collateral as well as cash.
• No hidden charges.
• Nuvama Elite:
• A full-service brokerage plan for frequent traders who require personalized service and proactive advice.
• Features:
• All features of the Lite plan without any additional charges.
• Dedicated relationship manager.
• Access to exclusive products and customized leverage.
• Portfolio monitoring and proactive advice.
• Free call & trade service.

　　

Nuvama Broker Account Opening Process

　　Opening an account with Nuvama is a straightforward process that can be completed online or offline. Heres how to do it:

　　

Online Account Opening

• Eligibility:
• All resident Indians and NRIs residing in GCC countries, Australia, New Zealand, Hong Kong, Singapore, and the UK are eligible.
• Steps:
• Visit the Nuvama account opening page.
• Enter your profile information and select your brokerage plan.
• Complete the Video IPV (In-Person Verification) by recording a video.
• Upload soft copies of required documents.
• E-sign the application form using your Aadhar-linked mobile number.
• The process should take no more than 15 minutes, and accounts get activated on the same day.

　　

Offline Account Opening

• Steps:
• Obtain the account opening form from the nearest Nuvama branch or download it from their website.
• Fill out the form and attach required documents.
• Submit the completed form to the company's branch office or send it to the company's address.

　　

Required Documents

• PAN card.
• Address proof (Aadhar card).
• A personalized cheque (duly cancelled and signed) or a recent bank statement (last 3 months).
• Signature image (if a signed cancelled cheque is not provided).
• Passport-sized photograph.
• Additional income proof may be required for trading in derivative segments.

　　Once the documents are verified, your account will be activated within 24 hours.