R Wadiwala Securities Account Type

R Wadiwala Securities offers several types of accounts to cater to different investor needs. The main account types include:

• Regular Demat Account: Designed for Indian citizens residing in India, allowing them to hold securities in electronic form.
• Repatriable Demat Account: Specifically for Non-Resident Indians (NRIs), this account must be linked to an NRE bank account, allowing for the repatriation of funds.
• Non-Repatriable Demat Account: Also for NRIs, this account is linked to an NRO bank account and does not allow for the transfer of funds abroad.

The account opening process is free of charge for both the trading and demat accounts, with an annual maintenance charge (AMC) of ₹290 for the demat account and ₹250 for the trading account. Additionally, there is no minimum margin requirement, making it accessible for new investors.

R Wadiwala Securities Broker Account Opening Process

Opening an account with R Wadiwala Securities is a straightforward process. Here are the steps involved:

• Visit the Website: Go to the official R Wadiwala Securities website.
• Fill Out the Form: Click on the "Open Demat Account" button and fill in your details such as name, email address, and phone number.
• Submit KYC Documents: Prepare and upload necessary KYC documents including:
• Aadhaar Card
• PAN Card
• Address proof (e.g., bank statement)
• Passport-sized photographs
• Verification Call: After submission, a representative will contact you for further verification and guidance through the process.
• Account Activation: Once your documents are verified and signed digitally, you will receive your username and password via email and SMS to access your trading platforms.

This process ensures that you are adequately guided through the account setup, allowing for a smooth entry into trading with R Wadiwala Securities.