Shoonya Account Type

Shoonya offers various types of accounts tailored to different investor needs. Here are the main account types available:

• Resident Individual Account: Designed for Indian residents, this account facilitates seamless electronic trading and holding of securities such as stocks, bonds, and mutual funds.

• NRI Demat Account: This account is specifically for Non-Resident Indians (NRIs) to invest in Indian securities, with options for fund repatriation.

• HUF Demat Account: Tailored for Hindu Undivided Families, allowing collective investment and wealth management.

• Minor Demat Account: A safeguarded account for minors until they reach the age of 18 years, managed by a guardian.

• Corporate Account: Enables companies to trade and hold securities in the firms name, reflecting corporate investments.

• LLP Account: Designed for Limited Liability Partnerships to manage investments under the LLP's legal entity.

• Partnership Demat Account: Allows partnerships to hold and trade securities, representing the partnerships collective investment.

• Joint Account: Enables multiple individuals to manage and invest in stocks, bonds, etc., together.

Shoonya Broker Account Opening Process

Opening an account with Shoonya is a straightforward process. Here are the steps involved:

• Visit the Website: Go to the Shoonya website and click on “Open Your Account”.

• Enter Basic Information: Provide your email ID and mobile number, and you will receive an OTP for verification.

• Submit Personal Details: Enter your PAN card number and date of birth, then submit.

• Bank Account Details: Fill in your bank account information.

• Additional Information: Provide details such as spouse name, residential status, address, and annual income.

• Select Trading Segments: Choose the trading segments you wish to engage in.

• Upload Required Documents: Upload your signature and a recent photograph.

• E-sign KYC: Complete the KYC process by e-signing through Aadhaar.

• Verification and Activation: After verification, you will receive a confirmation email or SMS with your login credentials. Use these to activate your account.

• Fund Your Account: Transfer funds from your bank account to your trading account using NEFT, RTGS, IMPS, or UPI.

• Start Trading: You are now ready to start trading using the Shoonya platform.

For more detailed information, you can visit the Shoonya website here.