PESB Account Type

　　PESB (Pune E-Stock Broking) offers a variety of brokerage accounts tailored to meet the diverse needs of investors. The primary account types include:

• Trading Account: This account allows investors to buy and sell equities, derivatives, commodities, and currency. It is essential for executing trades on stock exchanges like NSE and BSE.
• Demat Account: This account holds the securities in an electronic format, eliminating the need for physical certificates. It is mandatory for trading in shares.
• Corporate Deposits: Investors can enjoy liquidity and transparency while diversifying their portfolios through corporate fixed deposits and non-convertible debentures (NCDs).
• Mutual Fund Account: This account facilitates investment in mutual funds, allowing clients to invest in a diversified portfolio managed by professionals.

　　

PESB Broker Account Opening Process

　　Opening an account with PESB is a straightforward process that can be completed online or offline. Here are the steps involved in the account opening process:

　　

Online Account Opening Process

• Select Account Type: Choose between a Demat + Trading account or a standalone Trading/Demat account.
• Sign Up: Fill in your personal details, including PAN, mobile number, email, and date of birth.
• Mobile Verification: Verify your mobile number by entering the OTP received via SMS.
• Email Verification: Verify your email by entering the OTP received in your inbox.
• Address Verification:
• If using DigiLocker: Authenticate your mobile number, enter your Aadhaar number, and allow data fetching.
• If using Manual Entry: Enter your address manually and upload proof of address.
• Bank Details: Select your bank, enter the IFSC code and account number, and upload bank proof.
• Profile Information: Upload your PAN copy, signature, and provide basic information, including nominee details.
• Exchange Selection: Select the segments you wish to trade in (NSE & BSE selected by default).
• In-Person Verification (IPV): Complete IPV by clicking a photo or recording a video as per the verification method used.
• Digital Signature: After verification, proceed to digitally sign the application.

　　

Offline Account Opening Process

• Obtain Application Form: Get the account opening application form and required documents from a PESB branch.
• Submit Documents: Complete and submit the KYC form along with necessary documents for scrutiny.
• Compliance Check: PESB will inform you if any compliance issues arise regarding the submitted documents.
• Forward KYC: Once compliant, the KYC form will be forwarded for processing.

　　By following these steps, you can open a trading or demat account with PESB in a seamless manner. The minimum deposit required to start trading is ₹5,000. For more details, visit PESB's official website.