Opening a demat account has become a crucial step for anyone looking to invest in the stock market. In 2024, the process has been streamlined and made more accessible, especially with online platforms like Angel One.
This guide will walk you through the Angel One Demat Account Opening process step by step, ensuring that you understand each stage. Whether you’re a seasoned investor or a beginner, this comprehensive post will help you navigate the account opening journey with ease.
Why You Need a Demat Account
- Convenience: It eliminates the need for physical certificates, reducing paperwork and storage issues.
- Safety: Electronic records are less prone to loss or theft compared to physical documents.
- Ease of Trading: You can easily buy and sell shares online with just a few clicks.
Understanding the importance of a demat account is crucial as you prepare to open one with Angel One.
Why Choose Angel One?
Angel One (formerly Angel Broking) is one of India’s leading stock brokerage firms. Here’s why you should consider opening your Angel One Demat Account:
- User-Friendly Platform: The Angel One app is designed for both beginners and experienced traders, making it easy to navigate.
- Low Brokerage Fees: Angel One offers competitive pricing, which can significantly enhance your returns.
- Research and Advisory Services: With in-depth market analysis and investment advice, you can make informed decisions.
These features make Angel One a popular choice among investors, especially for those new to the stock market.
Eligibility Criteria for Opening an Angel One Demat Account
Before you start the Angel One Demat Account Opening process, it’s essential to ensure you meet the eligibility criteria:
- Age: You must be at least 18 years old.
- Citizenship: Only Indian citizens can open a demat account with Angel One.
- Documents: You will need certain documents, including:
- PAN card
- Aadhar card or passport
- Address proof (utility bill, rental agreement, etc.)
- Bank statement
Once you confirm your eligibility, you can proceed to the next step.
The Document Checklist
Before initiating the Angel One Demat Account Opening, prepare the following documents:
- Identity Proof: A valid PAN card is mandatory.
- Address Proof: This can be any government-issued ID, utility bill, or bank statement showing your current address.
- Bank Account Details: A canceled cheque or a bank statement may be required for linking your bank account with the demat account.
- Photographs: Recent passport-sized photographs are often needed for verification.
Having these documents ready will streamline the application process and help you avoid delays.
Step-by-Step Process to Open an Angel One Demat Account
Now, let’s dive into the Angel One Demat Account Opening process itself. Here’s a detailed breakdown:
Step 1: Visit the Angel One Website
Start by visiting the Angel One website. Click on the “Open Demat Account” button prominently displayed on the homepage.
Step 2: Fill Out the Online Application Form
You will be directed to an online application form. Fill in your personal details, such as:
- Name
- Email address
- Mobile number
- Date of birth
Step 3: Submit KYC Documents
Once you submit the form, you’ll need to upload your KYC documents. This includes:
- PAN card
- Address proof
- Identity proof
Step 4: E-signature and Video Verification
Angel One provides a convenient e-signature option for quicker processing. After that, you may need to complete a video verification process where a representative will confirm your identity.
Step 5: Link Your Bank Account
You will be prompted to link your bank account for smooth fund transfers. Provide the necessary details and upload the required documents.
Step 6: Review and Submit Your Application
Double-check all your details before submitting your application. Ensure that everything is accurate to avoid any processing delays.
Step 7: Account Activation
After submitting, you will receive a confirmation email with your demat account details once your application is processed. The activation usually takes a few days.
Step 8: Start trading!
Once your account is activated and your IPV is complete, you can start trading in stocks, ETFs, and other securities.
Note: The entire process of opening an Angel One Demat account can be completed online within a few minutes. However, it may take up to 48 hours for your account to be activated.
This straightforward process ensures that opening an Angel One Demat Account is quick and hassle-free.
Brokerage Charges:
| Charge Type | Description |
|---|---|
| Brokerage Fee | Percentage of transaction value, varying by segment and trade type (e.g., intraday, delivery, futures, options) |
| Account Opening Charges | One-time fees for opening different types of accounts (Demat, Trading, Commodity, etc.) |
| Annual Maintenance Charges | Yearly fee for maintaining a Demat account |
| Transaction Charges | Fees for transactions, including exchange transaction charges and regulatory charges |
| Margin Trading Interest | Interest on borrowed funds for margin trading |
| Call and Trade Charges | Additional fees for placing orders via phone call |
| DP Charges | Charges for transferring or selling shares from your Demat account (set by depositories, not the broker) |
| SMS and Email Alerts | Charges for receiving trading alerts via SMS or email |
| Research Reports | Fees for research reports and advisory services |
Alternative of AngelOne Broking: Zerodha Demat Account, Upstox Demat Account, Aashtha Trade Demat Account, 5Paisa Demat Account, Fyers Demat Account, Aliceblue Demat Account, HDFC Demat Account
About Angel Broking
Angel broking, founded in 1987, is a well-known brand with over 30 years of expertise in the brokerage industry and over a million satisfied consumers. They operate in over 1800 cities across India and have a robust network of over 8500 sub-brokers. Angel Broking provides trading services in equity, futures and options, commodities, and currency on the BSE, NSE, NCDEX, and MCX.
For nearly two decades, Angel Broking operated as a full-service broker, charging a percentage-based brokerage fee to its clients. To compete with fast increasing discount brokers like Zerodha, 5Paisa, Upstox, and others, they altered their business strategy from percentage brokerage to flat fees in November 2019.
Angel Broking currently provides the ‘Angel iTrade PRIME’ flat-rate brokerage package. The delivery trading is completely free here. They charge a flat rate of $20 per trade for all other segments, including intraday, F&O, Currencies, and Commodities. Across all exchanges and sectors, the same straightforward rate applies.
One of the major benefits of trading with Angel Broking is that they offer financial advice, coaching, and recommendations to their clients for stock market investments. They also provide free research studies on firms, as well as a variety of additional value-added tools and services to their clients.
Angel Broking Account Types
The full-service broker offers two types of accounts including demat and trading account, that are elaborated here as under:
Angel Broking Demat Account: Demat accounts, also known as dematerialized accounts, allow users to keep shares and assets in an electronic format. Angel Broking offers a free demat account opening service, allowing them to hold all of their investments electronically, including stocks, bonds, ETFs, mutual funds, and other securities.
Angel Broking Trading Account: A trading account is a place where you can buy and sell stocks. Securities are purchased using a trading account, kept using a demat account, and paid using a registered bank account.
Why you need to Open a Demat Account with Angel Broking?
- Fast account opening process
- Flat Charge broker
- Free online fund transfer via UPI & Net banking.
- 100% digital account opening process.
- Free equity investments (No charge involved in delivery trading)
- Flat Rs 20 per trade for Intraday, Futures & Options, Commodity and currency trading.
- Excellent Trading Platform
- Free expert research reports
- Free market advisory
Angel Broking Brokerage Charges
- Delivery charges: Rs 0
- Intraday Trading: ₹20 Per Trade
- Equity F&O: ₹20 Per Trade
- Currency F&O: ₹20 Per Trade
- Commodity F&O: ₹20 Per Trade
What kind of Services Offered by Angel Broking?
Angel Broking offers its services in Equity, Commodity, PMS, Currency, ETFs, Life Insurance, IPOs & Mutual Funds.
| Service Type | Description |
|---|---|
| Trading Services | |
| Equity Trading | Trading in the stock market for buying and selling shares |
| Commodity Trading | Trading in commodities such as gold, silver, and more |
| Currency Trading | Forex trading in currency pairs |
| Derivatives Trading | Trading in futures and options contracts |
| Investment Services | |
| Demat Account | Holding and maintaining securities in electronic form |
| Mutual Fund Investments | Investment in mutual funds |
| SIP (Systematic Investment Plan) | Periodic investments in mutual funds |
| Research and Analysis | |
| Research Reports | Providing market research, analysis, and recommendations |
| Investment Advisory | Personalized investment advice and portfolio management |
| Educational Resources | |
| Training and Workshops | Education and training for investors and traders |
| Webinars and Seminars | Online educational events and seminars |
| Technology Services | |
| Online Trading Platform | A web-based platform for trading and investing |
| Mobile Trading App | Mobile app for trading and portfolio management |
| Customer Support | |
| Customer Helpline | Support for account-related queries and assistance |
| Live Chat Support | Online chat support for immediate assistance |
| Wealth Management | |
| Portfolio Management | Professional management of investment portfolios |
| Wealth Management Services | Tailored services for high-net-worth individuals |
| Insurance | |
| Health Insurance | Offering health insurance policies |
| Motor Insurance | Providing motor vehicle insurance policies |
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Offline Account Opening Process with Angel Broking
Because Angel Broking has offices all throughout the country, anyone who are unfamiliar with the online process or who are having problems opening an account online can switch to an offline method.
In order to do so, an individual must submit a properly completed account opening form, which can be acquired by contacting the broker’s customer service department or visiting the branch office. In addition, essential paperwork must be dispatched and sent to any of the branches.
After all of the documents have been examined and confirmed to be proper, log in information will be issued so that the user can access his account.
Conclusion
Angel Broking is one of India’s largest stockbrokers, offering incredible trading opportunities in equity, futures and options, commodities, and currency on the BSE, NSE, NCDEX, and MCX. Furthermore, if you have all of the essential paperwork, you can open your demat account at Angel broking within an hour due to the simple and quick process.
We try to cover the entire procedure of opening a demat account at Angel Broking in this post. If you have any further queries, please post them in the comments section below. Best of luck with your investment!