JS broker Accounts

js Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: js Account Types Overview

js Account Types Explained

JS Bank offers a variety of account types tailored to different customer needs. Below are the primary account types available:

1. JS Premium Current Account

• Minimum Deposit Requirement: Rs. 10,000
• Spread/Commission Structure: Varies based on transaction type
• Leverage Options: Up to 1:100
• Key Features: Free online banking, cheque book facility, and fund transfers
• Target User Profile: Individuals seeking premium banking services
• Trading Instruments Available: Stocks, mutual funds, and fixed deposits

1. Asaan Current Account

• Minimum Deposit Requirement: Rs. 1,000
• Spread/Commission Structure: No monthly fees
• Leverage Options: Not applicable
• Key Features: Simple account opening process, no minimum balance requirement
• Target User Profile: Beginners or individuals looking for basic banking services
• Trading Instruments Available: Limited to savings and current transactions

1. Platinum Business Account

• Minimum Deposit Requirement: Rs. 50,000
• Spread/Commission Structure: Competitive rates for business transactions
• Leverage Options: Up to 1:50
• Key Features: Tailored for businesses with additional services like payroll management
• Target User Profile: Small to medium-sized enterprises
• Trading Instruments Available: Business loans, trade finance

1. Kamiyab Business Account

• Minimum Deposit Requirement: Rs. 25,000
• Spread/Commission Structure: Varies based on business needs
• Leverage Options: Up to 1:50
• Key Features: Designed for entrepreneurs with easy access to credit
• Target User Profile: Startups and small businesses
• Trading Instruments Available: Business financing options

1. Rupee Plus Account

• Minimum Deposit Requirement: Rs. 5,000
• Spread/Commission Structure: Standard rates apply
• Leverage Options: Not applicable
• Key Features: Interest-bearing account with competitive rates
• Target User Profile: Individuals looking to earn interest on deposits
• Trading Instruments Available: Savings and fixed deposits

1. Rupee Current Account

• Minimum Deposit Requirement: Rs. 1,000
• Spread/Commission Structure: No monthly fees
• Leverage Options: Not applicable
• Key Features: Basic banking services with no maintenance charges
• Target User Profile: Individuals and businesses needing a straightforward account
• Trading Instruments Available: Basic banking transactions

1. Rupee Basic Banking Account

• Minimum Deposit Requirement: Rs. 500
• Spread/Commission Structure: Minimal charges
• Leverage Options: Not applicable
• Key Features: Suitable for low-income individuals with basic banking needs
• Target User Profile: Individuals with limited banking requirements
• Trading Instruments Available: Savings and current transactions

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Asaan Current Account
• Intermediate Traders: JS Premium Current Account
• Advanced Traders: Platinum Business Account

Part 2: js Account Features Comparison

Detailed js Account Features

When comparing the features of different js account types, consider the following:

• Minimum Deposit:

• Ranges from Rs. 500 (Rupee Basic Banking Account) to Rs. 50,000 (Platinum Business Account).

• Maximum Leverage:

• Up to 1:100 for Premium accounts and 1:50 for business accounts.

• Spreads (Typical/Minimum):

• Varies by account type; Premium accounts have competitive spreads.

• Commission Fees:

• Generally low or none for basic accounts; business accounts may have variable fees.

• Lot Size:

• Standard accounts typically allow standard lot sizes; micro and mini options may be available depending on the platform.

• Available Trading Platforms:

• MT4 and MT5 for trading; proprietary platforms may be available for business accounts.

• Execution Type:

• Market execution for most accounts; ECN execution available for business accounts.

• Islamic Account Availability:

• Islamic accounts are available upon request for those who require swap-free options.

• Swap-Free Options:

• Available for Islamic accounts only.

• Demo Account Features:

• Demo accounts allow users to practice trading without financial risk.

Advantages of Each Account Type

• JS Premium Current Account:

• Comprehensive banking features, high leverage, and premium services.

• Asaan Current Account:

• Easy to open, no minimum balance, and basic banking services.

• Platinum Business Account:

• Tailored for businesses with advanced features and support.

• Kamiyab Business Account:

• Designed for startups with easy access to credit.

Disadvantages of Each Account Type

• JS Premium Current Account:

• Higher minimum deposit may be a barrier for some.

• Asaan Current Account:

• Limited features compared to premium accounts.

• Platinum Business Account:

• Higher fees may apply for certain services.

• Kamiyab Business Account:

• May not suit larger businesses due to lower limits.

Part 3: js Account Opening Requirements

js Account Registration Requirements

To open a js account, applicants must meet the following eligibility criteria:

• Age Requirements:

• Must be at least 18 years old.

• Geographic Restrictions:

• Accounts may not be available in certain countries; check with js for specifics.

• Prohibited Countries:

• Specific countries may be restricted; consult the banks guidelines.

• Identity Verification Documents Needed:

• Attested copy of Computerized NIC or Passport.

• Proof of Residence Requirements:

• Utility bill or bank statement showing the current address.

• Additional Documentation for Professional Accounts:

• Business registration documents and tax identification.

KYC/AML Compliance Procedures

• js Bank follows strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations to verify the identity of account holders.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Part 4: js Account Opening Process

Step-by-Step js Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the js Bank website and select the account type.

1. Personal Information Entry:

• Fill out the required personal information in the online form.

1. Choose Account Type:

• Select the desired account type from the available options.

1. Set Trading Preferences:

• Specify any trading preferences if applicable.

1. Document Upload:

• Upload the necessary identification and proof of residence documents.

1. Account Verification:

• Wait for the js team to verify the submitted documents.

1. Fund Your Account:

• Deposit the minimum required amount to activate the account.

1. Start Trading:

• Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may experience a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Delayed verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through customer support or via the online portal.

Part 5: js Demo Account Information

js Demo Account Guide

• Demo Account Features and Benefits:

• Allows users to practice trading with virtual funds.

• How to Open a Demo Account:

• Visit the js Bank website and select the demo account option.

• Demo Account Limitations:

• Limited trading instruments compared to live accounts.

• Virtual Balance Amount:

• Typically starts with a virtual balance of Rs. 1,000,000.

• Demo vs Live Account Differences:

• Demo accounts do not involve real money; live accounts require actual deposits.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after 30 days unless extended.

Part 6: js Islamic Account (if available)

js Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Islamic accounts are available for those who adhere to Sharia law.

• Eligibility Requirements:

• Must provide documentation to support the request for an Islamic account.

• Differences from Standard Accounts:

• No swap fees applied; other features remain similar.

• How to Apply for Islamic Account:

• Indicate the request during the account opening process.

• Restrictions or Special Conditions:

• Must adhere to Islamic banking principles.

FAQs – js Account Types & Opening

1. What account types does js offer？

• JS offers Premium Current, Asaan Current, Platinum Business, Kamiyab Business, Rupee Plus, Rupee Current, and Rupee Basic Banking accounts.

1. What is the minimum deposit for each account type？

• Minimum deposits range from Rs. 500 to Rs. 50,000 depending on the account type.

1. How long does js account verification take？

• Verification typically takes 1-3 business days.

1. Does js offer demo accounts？

• Yes, js offers demo accounts for practice trading.

1. Can I have multiple account types with js？

• Yes, users can hold multiple account types simultaneously.

1. Does js offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available upon request.

1. What documents do I need to open a js account？

• Required documents include a valid ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.