Narnolia Account Type

Narnolia offers several types of accounts to cater to the diverse needs of investors. The primary accounts available are:

• Regular Demat Account: Designed for Indian citizens residing in India, this account allows users to hold securities in an electronic format.

• Repatriable Demat Account: This account is specifically for Non-Resident Indians (NRIs) and must be linked to an NRE bank account, allowing for the transfer of funds abroad.

• Non-Repatriable Demat Account: Also for NRIs, this account is linked to an NRO bank account, and funds cannot be transferred outside India.

The account opening charges for Narnolia are as follows:

• Trading Account Opening Charges: ₹300
• Demat AMC (Annual Maintenance Charges): Free
• Trading AMC: ₹250 per annum
• Minimum Margin Money Required: ₹3,000

Narnolia Broker Account Opening Process

To open an account with Narnolia, follow these steps:

• Visit the Official Website: Go to the Narnolia website and locate the account opening link.

• Fill Out the Application Form: Provide necessary details such as your name, email address, and phone number.

• Document Submission: Prepare and submit the required documents, including:

• PAN Card
• Aadhaar Card
• Passport-sized Photograph
• Address Proof
• Income Proof (e.g., bank statement, cancelled cheque)

• Verification: Once the documents are submitted, a Narnolia representative will verify your application and documents.

• Confirmation Call: After successful verification, you will receive a confirmation call regarding the status of your application.

• Account Activation: Upon successful verification, your trading and demat account will be activated, and you will receive your username and password via email and SMS.

By following these steps, you can easily open an account with Narnolia and start your trading journey.