Skung Tradelink Account Type

Skung Tradelink offers a variety of trading accounts to cater to different investor needs. The primary types of accounts available are:

• Regular Demat Account: Designed for Indian citizens residing in India, allowing them to hold shares and securities in electronic form.
• Repatriable Demat Account: For Non-Resident Indians (NRIs), this account must be linked to an NRE bank account, enabling the transfer of funds abroad.
• Non-Repatriable Demat Account: Also for NRIs, but linked to an NRO bank account; funds cannot be transferred abroad.

Key Features:

• Account Opening Charges: Free
• Demat AMC (Annual Maintenance Charges): ₹300 per annum
• Trading AMC: Free
• Margin Required: Zero margin
• Depository: CDSL & NSDL

Skung Tradelink Broker Account Opening Process

Opening an account with Skung Tradelink is a straightforward process that can be completed online. Here are the steps:

• Visit the Official Website: Navigate to Skung Tradelink's website and look for the "Open a Demat Account" button.
• Fill in Contact Details: Provide necessary details such as your name, email address, and phone number to initiate the process.
• E-KYC Process: You will be directed to complete the e-KYC, which involves entering your Aadhaar number, PAN number, and date of birth for identity verification.
• Bank Details: Enter your bank account number and IFSC code to link your demat account with your bank.
• Document Submission: Upload scanned copies of required documents, including Aadhaar card, PAN card, a passport-size photo, and a canceled cheque.
• Verification: After submitting your application, Skung Tradelink will verify the information provided.
• Account Activation: Once verified, you will receive your account credentials via email and SMS, allowing you to log in to the trading platform.

By following these steps, you can successfully open a trading and demat account with Skung Tradelink and start your investment journey.