Laxmi Goldorna Account Type

Laxmi Goldorna offers various types of trading accounts tailored to meet the needs of different investors. The primary account types include:

• 3-in-1 Trading Account: This account combines a savings account, a trading account, and a demat account, allowing seamless transactions. Brokers like HDFC Securities, ICICI Direct, and Axis Direct provide this service, enabling direct IPO investments.

• 2-in-1 Trading Account: Offered by brokers such as Zerodha and TradeSmart Online, this account includes a trading account and a demat account. Investors can apply for IPOs through UPI payment methods, necessitating access to a UPI mandate.

• ASBA (Applications Supported by Blocked Amount): This popular method allows investors to apply for IPOs via net banking. Most syndicate banks support ASBA, requiring net banking access and DP ID information. Banks like Axis and SBI allow up to 5 applications from one bank account, while ICICI and HDFC limit it to one.

• Offline Application: Investors can also apply using a physical application form, but this method does not support ASBA. Payment must be made via UPI, and the mandate must be approved through the registered phone number with the UPI provider.

Laxmi Goldorna Broker Account Opening Process

To open a broker account with Laxmi Goldorna, follow these steps:

• Choose the Account Type: Decide whether you want a 3-in-1, 2-in-1, or ASBA account based on your investment needs.

• Visit the Broker's Website: Go to the website of your chosen broker (e.g., HDFC Securities, ICICI Direct, or Zerodha).

• Fill Out the Application Form: Complete the online application form with personal details, including your name, PAN number, email ID, and bank account information.

• Provide KYC Documents: Submit the required Know Your Customer (KYC) documents, which typically include proof of identity, address proof, and a recent passport-sized photograph.

• Verify Your Identity: The broker will conduct a verification process, which may include a video call or an in-person visit.

• Fund Your Account: Once your account is approved, deposit funds into your trading account to start investing.

• Start Trading: After funding your account, you can begin trading in various securities, including applying for IPOs.

By following these steps, you can successfully open a broker account with Laxmi Goldorna and start your investment journey.