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Rating Index

Pros

User-friendly trading platforms, including a web-based interface and mobile app, provide flexibility and accessibility for traders.

Comprehensive educational resources are available to help clients improve their trading knowledge and skills.

Multiple customer support channels, including phone, email, and 24/7 contact form support, enhance accessibility for clients seeking assistance.

Cons

Lack of valid regulation raises significant safety and trust concerns, increasing the risk of potential scams and inadequate consumer protection.

No demo account is offered, limiting new traders' ability to practice or familiarize themselves with the platform before committing real funds.

Minimum deposit requirement of Rs. 5000 may be a barrier for some potential clients, especially beginners or those with limited capital.

PESB broker Accounts

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.