Shoonya Account Type

Shoonya offers a variety of account types suited for different investor needs, including:

• Equity Delivery Account:
• Zero brokerage fees for buying and selling stocks.
• Suitable for long-term investors looking to hold shares.
• Equity Intraday Account:
• Charges ₹5 per executed order.
• Ideal for traders who engage in short-term trading strategies.
• Futures and Options Account:
• Brokerage fee of ₹5 per executed order.
• Designed for traders interested in derivatives trading.
• Commodity Trading Account:
• Similar fee structure as futures and options.
• Allows trading in various commodities.
• Mutual Funds and IPOs:
• Zero brokerage fees for investing in mutual funds and participating in IPOs.
• Offers a cost-effective way to diversify investments.
• Forex and Currency Trading:
• Competitive brokerage fees applicable.
• Suitable for forex traders looking for varied currency pairs.

Shoonya Broker Account Opening Process

Opening an account with Shoonya is a straightforward process that can be completed online in a few simple steps:

• Visit the Website: Go to Shoonya's official website or use the Shoonya app.

• Select 'Open Demat Account': Click on the option to open a new account.

• Fill in Required Information: Provide personal details such as name, email, phone number, and address.

• Upload Documents: Submit necessary identification documents, including:

• PAN card
• Aadhar card or other government-issued ID
• Bank statement or utility bill for address verification

• E-KYC Process: Complete the electronic Know Your Customer (e-KYC) process, which is quick and requires no physical paperwork.

• Account Verification: Wait for account verification, which typically takes a few minutes to a couple of days.

• Deposit Funds: Once your account is verified, deposit funds via bank transfer, credit/debit card, or electronic wallets.

• Start Trading: After funding your account, you can begin trading across various segments offered by Shoonya.

By following these steps, you can easily set up your Shoonya brokerage account and start your trading journey with zero brokerage fees on many segments.