SAMCO Account Type

SAMCO offers a variety of account types to cater to different trading needs. The primary account types include:

• Trading Account: This account allows you to buy and sell various financial instruments such as stocks, commodities, and currencies on exchanges like NSE, BSE, and MCX.
• Zero Opening Charges: The trading account can be opened without any initial deposit.
• Flat Brokerage Fee: SAMCO charges a flat fee of ₹20 per executed order across all segments, making it cost-effective for traders.
• Demat Account: This account is essential for holding shares in electronic form.
• Annual Maintenance Charges (AMC): The AMC for the demat account is ₹400 per year.
• Free Account Opening: There are no charges for opening a demat account.
• 2-in-1 Account: This combines both trading and demat accounts, providing seamless transactions between buying and holding shares.
• Convenience: The 2-in-1 account simplifies the process of managing investments.

SAMCO Broker Account Opening Process

Opening an account with SAMCO is a straightforward and efficient process. Follow these steps to set up your account:

• Visit the SAMCO Website: Go to the official SAMCO website and click on the "Open an Account" option.

• Sign Up: Enter your name, email address, and mobile number. Click on "Sign Up for Free."

• Set Password: Create a secure password for your account.

• Enter PAN Details: Input your PAN number and date of birth. Click "Next."

• Mobile Verification: Generate an OTP and verify your mobile number.

• Personal Information: Fill in your personal details, including your father's name, gender, and address.

• Bank Account Details: Enter your bank account information.

• Select Trading Segments: Choose the segments you wish to trade in (e.g., equity, commodities, currencies).

• Document Submission: Upload necessary documents such as:

• Scanned copy of PAN card
• Scanned copy of Aadhaar card
• Cancelled cheque or bank statement
• Income proof (if trading in futures & options)

• E-Sign Application: Review your details and e-sign the application.

• Video Verification: Complete a video verification process.

• Account Activation: Your account will be activated within 24-48 hours, and you will receive your login credentials via email.

By following these steps, you can successfully open a trading and demat account with SAMCO, enabling you to start trading in various financial markets.