Finvasia Account Type

Finvasia offers several types of accounts to cater to different trading needs:

• Demat Account: This account allows clients to hold securities, bonds, and mutual funds in a paperless format. Opening a demat account with Finvasia is free, and there are no annual maintenance charges (AMC).

• Trading Account: The trading account enables clients to trade in equities, currencies, and commodities on exchanges like NSE, BSE, and MCX. There are no opening charges for the trading account, making it highly accessible.

• 2-in-1 Account: This combined account includes both a trading and a demat account. It is particularly beneficial for clients as it facilitates seamless transactions between trading and demat accounts. The 2-in-1 account is also opened for free and has zero AMC.

Finvasia Broker Account Opening Process

Opening an account with Finvasia is a straightforward and efficient process, primarily conducted online. Heres how you can do it:

• Visit the Official Website: Go to Finvasia's website and click on the “Open an Account” button.

• Fill in Basic Details: Enter your PAN number, date of birth, email ID, and select a password. Submit the form to proceed.

• Bank Details: Provide your bank information, including bank name, branch name, account number, account type, IFSC code, and MICR code.

• Segment Selection: Choose the segments in which you wish to open your account (NSE, BSE, MCX, currency, or commodities).

• Document Upload: Upload the required documents, which may include a scanned copy of your PAN card, address proof, and a passport-sized photograph.

• Aadhaar Verification: If you have an Aadhaar number, enter it to validate your details. You will receive an OTP on your registered mobile number for verification.

• Electronic Signature: Complete the e-signature process to finalize your account opening form.

• Confirmation: Once your details are verified, you will receive a confirmation email and SMS from Finvasia, along with your unique client code.

• Account Activation: Your account will be activated within 24 hours after verification.

The entire process is designed to be quick and can often be completed in less than 5 minutes if all documents are in order.