Yus broker Accounts

Yes Securities Account Types

Yes Securities offers a range of account types to cater to different trading needs. The primary account types include:

• Trading Account: This account allows clients to trade various financial instruments such as equities, derivatives, and mutual funds.
• Charges: Rs 999 for account opening.
• Annual Maintenance Charge (AMC): Rs 0 for the trading account.
• Demat Account: This account is used to hold securities in electronic form.
• Charges: Rs 0 for account opening.
• AMC: Rs 500 per year.
• 3-in-1 Account: This account combines a trading account, a demat account, and a bank account, providing seamless transactions.

Yes Securities also provides two types of brokerage plans:

• Invest Value Plan: Charges a percentage of the trade value as brokerage.
• Invest Advantage Plan: A turnover-based brokerage plan suited for high-volume traders.

Yes Securities Broker Account Opening Process

Opening a Yes Securities account can be done through the following methods:

• Online Application:
• Fill out a short form on their website.
• Provide details such as name, city, mobile, email, and the product of interest.
• A company representative will contact you.
• Branch Visit:
• Visit any of the 50+ branch offices across India to initiate the account opening process.
• Customer Support:
• Contact customer support via email or phone to express your interest in opening an account, and they will guide you through the process.

Documents Required for Account Opening:

• Identity Proof: Aadhar card or PAN card with photo.
• Address Proof: Passport, voter ID, or ration card.
• Passport-sized photo.
• Additional income proof may be required for derivatives trading.

Account Opening Status:

• It typically takes a few days to open the account after submitting the application. You can track your application status by contacting customer support.

Closure Process:

• To close the account, you need to move all holdings from the demat account, close all open derivatives positions, and clear all dues with the broker. The account closure form must be submitted, and it takes around 7 to 10 days to process the closure.