LFS Broking Account Type

　　LFS Broking offers different types of accounts for investors, primarily focusing on the Demat account, which is essential for trading in the stock market. The types of accounts available include:

• Regular Demat Account: This account is for Indian citizens residing in India, allowing them to hold and trade securities in electronic form.
• Repatriable Demat Account: Designed for Non-Resident Indians (NRIs), this account must be linked to a Non-Resident External (NRE) bank account, allowing funds to be transferred abroad.
• Non-Repatriable Demat Account: Also for NRIs, this account is linked to a Non-Resident Ordinary (NRO) bank account, and funds cannot be transferred abroad.

　　The account opening charges for all types of accounts at LFS Broking are free, and an annual maintenance charge (AMC) of ₹160 is applicable for both the Demat and trading accounts.

　　

LFS Broking Broker Account Opening Process

　　Opening an account with LFS Broking is a straightforward process. Here are the steps to follow:

• Visit the Official Website: Go to the LFS Broking website and look for the option to open a Demat account.
• Fill Out the Application Form: Enter your personal details, including name, email, and phone number.
• Receive a Call: After submitting your details, a representative will contact you to assist with the account opening process.
• Provide Required Documents: You will need to submit documents for identity verification, such as your Aadhaar card, PAN card, address proof, and income proof (e.g., bank statement, cancelled cheque).
• Sign Documents: You may need to sign the required documents digitally using your Aadhaar or in person if you do not have an Aadhaar card.
• Verification and Activation: Once your documents are verified, your account will be activated, usually within a few hours.

　　By following these steps, you can easily open your trading and Demat accounts with LFS Broking and start your investment journey.