NAM Account Types

NAM Securities offers several types of brokerage accounts to cater to different investor needs. The primary account types include:

• Cash Accounts: This is the most basic type of brokerage account where investors fund their accounts with cash and use that money to purchase and sell securities. Cash accounts are the simplest and least risky type of brokerage account.

• Margin Accounts: These accounts allow investors to borrow money from the broker to purchase securities. While margin accounts can enhance purchasing power, they also increase the risk of losses and require investors to maintain a minimum balance.

• Demat Accounts: For holding securities in electronic form, NAM provides demat accounts. These accounts facilitate easy buying, selling, and transferring of securities.

• Joint Accounts: These accounts can be held by two or more individuals, allowing them to pool their funds for investment purposes.

• Retirement Accounts: Specialized accounts designed for long-term savings, allowing tax-deferred growth until retirement.

NAM Broker Account Opening Process

Opening a broker account with NAM Securities involves several straightforward steps:

• Documentation: Prepare the necessary documents, including:
• PAN card (proof of identity)
• Aadhaar card/passport/drivers license (proof of address)
• Bank verification (cancelled cheque/passbook)
• Income proof (last 6 months bank statement, latest salary slip, etc.)
• Recent passport-sized photograph
• Account Opening:
• Visit the NAM Securities website or contact their office.
• Fill out the account opening form and submit the required documents.
• Verification:
• NAM Securities will verify your documents and information. This process typically takes a few working days.
• Account Activation:
• Once your account is verified, you will receive your account details, enabling you to start trading.
• Funding Your Account:
• Deposit funds into your newly opened account through bank transfer or other accepted methods, ensuring you have sufficient balance for trading.
• Trading:
• After funding your account, you can begin trading by placing buy or sell orders on the securities of your choice.

For further assistance, you can contact NAM Securities customer support at +91 011 23731122 or visit their office in New Delhi.