Finquest Account Types

　　Finquest Securities Pvt Ltd offers a variety of account types to cater to the needs of different investors. The primary account types include:

• 　　Demat Account: This account allows investors to hold securities in electronic form. It is essential for trading in stocks and mutual funds.

• 　　Trading Account: This account enables investors to buy and sell securities in the stock market. It is linked to the Demat account for seamless transactions.

• 　　Individual and Corporate Accounts: Individual accounts are designed for personal trading, while corporate accounts cater to businesses and institutions.

• 　　Annual Maintenance Charges (AMC):

  　　

• For individual accounts: ₹250 per annum.
• For corporate accounts: ₹500 per annum.
• Transaction Charges:
• Buy (Receive): ₹0.
• Sell (Debit): ₹7 per transaction.
• Demat and Remat Charges:
• Demat: ₹2 per certificate (maximum ₹250) + ₹25 courier.
• Remat: ₹25 per certificate.
• Pledge Charges:
• Pledge creation: 0.02% of the value (minimum ₹25).
• Pledge invocation: 0.02% of the value (minimum ₹25).

　　

Finquest Broker Account Opening Process

　　Opening an account with Finquest Securities involves several steps to ensure compliance with regulatory requirements. Heres a step-by-step guide:

• Documentation: Provide necessary documents for KYC compliance, including:
• Proof of identity (e.g., Aadhaar card, passport).
• Proof of address (e.g., utility bill, bank statement).
• PAN card (Permanent Account Number).
• Income proof (e.g., bank statement, ITR acknowledgement).
• Application Form: Fill out the KYC application form with accurate personal details and financial background. This includes:
• Full name
• Date of birth
• Occupation
• Income details
• Investment objectives

• 　　Verification Process: Submit the KYC application form along with the required documents. The KYC team will verify the authenticity of the documents.

• 　　KYC Registration Agency (KRA): After verification, the data will be uploaded to the KRA and the Central KYC Agency.

• 　　Compliance with Regulatory Authorities: Register the client with CDSL and the exchange database to provide the UCC and CDSL account number.

　　By following these steps, investors can successfully open a trading and demat account with Finquest Securities.