Enrich Money Account Type

Enrich Money offers several types of brokerage accounts to cater to different investors' needs. The main account types include:

• Individual Demat Account:
• Designed for individual investors.
• Provides full control and ownership of the account.
• Ideal for those who prefer to manage their investments independently.
• Joint Demat Account:
• Suitable for multiple account holders, often family members or business partners.
• Allows shared management of the account.
• Beneficial for pooling resources and managing investments collaboratively.
• Minor Demat Account:
• Intended for investments on behalf of minors.
• Operated by a guardian until the minor reaches the legal age.
• Facilitates long-term wealth creation for minors.
• Corporate Demat Account:
• Tailored for corporate entities, including businesses and institutions.
• Streamlines the management of securities and investments on a corporate level.
• Beneficiary Owner (BO) Account:
• Facilitates trading and investments.
• Simplifies the process of managing and accessing securities.
• Repatriable and Non-Repatriable Demat Accounts:
• Differentiated based on repatriation abilities.
• Repatriable accounts allow the transfer of funds and investments abroad.
• Non-repatriable accounts restrict the transfer of funds to foreign accounts.

Enrich Money Broker Account Opening Process

To open an account with Enrich Money, follow these steps:

• Visit the Enrich Money Website: Go to the official website of Enrich Money.

• Locate the Account Opening Section: Find the option to "Sign Up" or "Open Account."

• Provide Personal Information: Fill in your personal details, including your PAN card and Aadhaar card information.

• Provide Income Information: Enter your income details as required.

• Complete the IPV Process: Undergo the In-Person Verification process if necessary.

• Review Terms and Conditions: Check and confirm the terms and conditions of the account.

• Submit the Application: Submit your application for account opening.

Required Documents for Account Opening:

• Proof of Identity: Aadhaar card, passport, or driving license.
• Proof of Address: Ration card, passport, rent agreement, or recent electricity bill.
• Income Proof: Income tax return or salary slip.
• PAN Card: Permanent Account Number card.
• Photographs: Recent passport-sized photographs.
• Signature: A signed copy of the application.

Account Opening Charges:

• Demat Account Opening Charges: ₹0
• Trading Account Opening Charges: ₹99 (online) / ₹199 (offline)
• Demat Account AMC Charges: First year free; from the second year ₹300 + GST per year.
• Trading Account AMC Charges: ₹0

By following these steps and preparing the required documents, you can easily open a trading account with Enrich Money and start your investment journey.