How to Open Demat Account at Angel Broking?
How to Open Demat Account at Angel Broking Online?: Angel broking is one of the leading full-service brokers in India which offer flat brokerage charge to its clients. It provides fast, modern, and easy to use trading platforms as well as expert advisory services to its customer base. In this post, we’ll discuss the exact steps to open demat account at Angel Broking online.
Angel Broking Introduction
Incorporated in 1987, Angel broking is a big brand having +30 Years of experience in the broking world and +1 million happy customers. They have a presence in over 1800+ cities in India and a strong network of 8500+ sub-brokers. Angel Broking offers the trading facility in Equity, F&O, Commodities, and currency across BSE, NSE, NCDEX & MCX.
In the past, Angel Broking worked as a full-service broker and offered a percentage based brokerage charge to its clients for over two decades. However, they recently changed their business model (Nov 2019) from percentage brokerage to flat rates to compete with rapidly growing discount brokers like Zerodha, 5Paisa, Upstox, etc.
Angel Broking now offers a flat rate brokerage plan, named ‘Angel iTrade PRIME’. Here, the delivery trading is FREE of cost. And for all other segments i.e. Intraday, F&O, Currencies & Commodities, they charge a fixed rate of ₹20 per trade. The same simple rate is applicable across all exchanges and segments.
One of the key advantages of trading with Angel Broking is that they provide investment advisory, guidance and recommendations to their clients for investing in the stock market. Further, they also offer research reports on companies along with many other value-adding tools and services to their clients for free.
Why should you open a demat account at Angel Broking?
With Angel broking, you can start trading in stocks, commodities, and currencies with a broking house having over three decades old expertise in the market. Here are a few of the key features of Angel Broking:
- Cheapest full-service flat charge broker
- Free equity investments – No charge involved in delivery trading
- Flat Rs 20 per trade for Intraday, Futures & Options, Commodity and currency trading.
- Fast account opening process
- Get up to 40x margin on day trading
- Free expert research reports & market advisory
Services Offered: Angel Broking offers its services in Equity, Commodity, Currency, PMS, Life Insurance, ETFs, IPOs & Mutual Funds.
- Delivery charges: Rs 0
- Intraday Trading: Flat ₹20 Per Trade
- Equity F&O: Flat ₹20 Per Trade
- Currency F&O: Flat ₹20 Per Trade
- Commodity F&O: Flat ₹20 Per Trade
Documents required to open a demat account at Angel Broking
In order to open your demat account at Angel Broking, you’ll require the following documents. It is recommended to keep the scanned copies of these documents:
- Aadhar Card
- Pan Card
- Bank proof (Cancelled cheque/Account Statement)
Here, basically you have to provide the bank proof for the bank that you want to link with your demat account. It can be any private or public national bank in India.
Quick Note: If you want to open your account online, it is required that your phone number should be linked with your Aadhar card. This is because you’ll be asked to complete online ‘eSign’ and for this step, you’ll receive an OTP on your registered phone number with Aadhar card.
Account opening charges at Angel Broking
- Account opening charge: FREE (Currently Rs 699 Waived)
- Annual Maintenance Charge: Rs 450 (Second year onwards)
Special Offer: Right now, Angel Broking is offering a 100% waiver on the account opening charges. Hence, you can open your demat account with Angel Broking for FREE. Here’s a quick link to open your FREE account with Angel Broking.
Short Answer to Open Your Angel Broking Demat Account
First of all, let me give you a short answer on how to open your demat account at Angel broking, before my step-by-step explanation.
On this page, the first step is to signup by entering your full name, your city, mobile number, and verifying the OTP. Then, you’ll be required to enter your PAN, bank account, Aadhar verification, and personal details to continue with the signup. Finally, you’ll need to eSign and online self-verification to complete the procedure.
All the instructions are clearly mentioned in the each-step of the account opening page. If you are good at reading and following instructions efficiently, then you do not need to read this entire post. Just go to the account opening page, follow the instructions, upload the documents and your account will be opened.
Moreover, you’ll be assigned an angel broking executive once you sign up on the first step. Their details will be sent to you via message. He/She will help you out in the entire account opening process. If you face any difficulties while opening an account online, you can directly reach them out.
Detailed Step-by-step procedure to open your Angel Broking demat account online
Step 1: Go to the Angel Broking account opening page. Here’s the direct link.
Step 2: Enter your Full Name, City, and Mobile Number on the Account opening page. Here, you’ll receive an OTP to verify your phone number.
Step 3: On the next page, you’ll need to enter a few other important details. Here, you’ve to provide your date of birth, PAN Number, email id, Bank account number, and IFSC code. After entering the details, click on ‘Take me ahead’.
Note: You do not need to pay any account opening charges as they are waived.
Step 4: Next, you have to complete your KYC verification. You will be provided three options: 1) Share offline aadhar, 2) Share via DigiLocker 3) Enter details manually. In this post, we’ll discuss the first step where you can share your aadhar via Uidai. Nevertheless, sharing aadhar via DigiLocker is also a very simple process.
While verifying Aadhar via Uidai, first you’ve to ‘Download aadhar details’ by visiting the Uidai website. You can download the ZIP file by clicking on the link on that page. Next, you’ve to upload aadhar details via the same ZIP file here. Then, click on the ‘Proceed’ button.
Step 5: In this step, you’ve to upload documents and enter some other personal details.
Here, you’ve to provide your annual income, occupation, father, and mother’s name, etc. After that, you’ve to upload your PAN card and bank statement on the next page.
After entering details and uploading documents, click on ‘Continue’.
Step 6: Next is the eSign process which is very simple. Here, you’ve to enter your 12 digit Aadhar card number. After that, you’ll receive an OTP on your registered phone number with Aadhar. Enter the OTP on this page and click on ‘Submit’.
Step 7: The second last step is ‘In-person Verification (IPV)’. Here, you have to make a small video of your face and upload the video file to complete the IPV or self-verification. You can make a video using your phone or laptop. IPV is necessary during the online account opening. After successfully uploading the video, you’ll get a success message displaying ‘Thank you, we have received your IPV’.
Step 8: The final step is to submit the Power of Attorney (POA) form. This POA submission step is required by any broker with whom you open your demat account in India. (You can read more about POA here).
In this step, you’ve to download the POA form, physically sign it and courier or speed post this form to the Angel broking head office. Else, you can also ask the angel broking executive to come to your address and collect the signed POA form.
Note: Even without submitting the POA form, you can trade with Angel broking as your account has already been opened. However, for long term investments, you can buy stocks but can’t sell while delivery trading if you’ve not submitted POA form.
This is the complete process to open your FREE demat account at Angel Broking.
What Next After Opening Your Angel Broking Demat Account?
After completing the account opening process, you’ll receive the client code and password on your registered email. Along with it, you’ll also receive an onboarding email with instructions on how to login to your trading account.
You can go to the Angel Broking website and enter your login credentials to start trading or investing.
Else, you can also download the Angel Broking mobile app (which I’ll highly recommend). Angel broking offers an easy to use, and interactive mobile trading app where you can easily login using your credentials to trade or invest through your phone. Here’s a link to download the mobile app.
Angel Broking is one of the leading stockbrokers in India which offers amazing trading facility in Equity, F&O, Commodities, and currency across BSE, NSE, NCDEX & MCX. Moreover, because of the simple and fast process, you can open your demat account at Angel broking within an hour if you’ve already got all the required documents.
In this post, we tried to cover the exact process to open demat account at Angel Broking. If you still have any questions, feel free to ask in the comment section below. Happy Investing!
Hi, I am Kritesh (Tweet me here), an NSE Certified Equity Fundamental Analyst and an electrical engineer (NIT Warangal) by qualification. I have a passion for stocks and have spent my last 4+ years learning, investing and educating people about stock market investing. And so, I am delighted to share my learnings with you. #HappyInvesting