Nuvama Account Type

Nuvama offers two primary types of brokerage accounts to cater to the diverse needs of traders and investors:

• Nuvama Lite Plan:
• Type: Discount Brokerage Plan
• Brokerage Fee: ₹10 per executed order across all trading segments including equity delivery, intraday, and futures & options.
• Features: This plan is ideal for self-directed traders who require minimal support from the broker. It provides low-cost trading with no hidden charges.
• Nuvama Elite Plan:
• Type: Full-Service Brokerage Plan
• Brokerage Fee:
• 0.30% for equity delivery
• 0.03% for equity intraday and futures
• ₹75 per lot for equity options
• 0.02% for currency futures
• ₹20 per lot for currency options
• Features: This plan is tailored for frequent traders seeking personalized services. It includes a dedicated relationship manager, free research and trading tips, and access to exclusive products.

Nuvama Broker Account Opening Process

Opening a trading account with Nuvama is a straightforward process that can be completed online in just a few steps:

• Visit the Nuvama Website:
• Go to the official Nuvama website or download the Nuvama Markets app.
• Initiate Account Opening:
• Click on the "Open an Account" button on the top menu.
• Enter Personal Information:
• Fill in your name, city, email ID, and mobile number. Verify your mobile number through an OTP.
• Document Submission:
• Upload the required documents, including:
• PAN Card
• Address Proof (Aadhaar Card, Passport, etc.)
• Bank Proof (Cancelled Cheque or Bank Statement)
• Signature Image
• Passport Size Photograph
• Complete e-Sign Process:
• Use your Aadhaar number to complete the e-signature process for verification.
• Verification:
• Nuvamas internal team will verify the submitted documents. The account will be activated within 12-24 hours upon successful verification.
• Receive Account Details:
• You will receive an email with your login credentials and account details once the account is activated.

This streamlined process ensures that you can start trading quickly and efficiently with Nuvama.