Edelweiss Demat Account

Edelweiss, a full-service stockbroker is a SEBI registered financial service company offering brokerage services since 2008. It offers online services and a seamless way to open the Edelweiss Demat Account.

Edelweiss is a member of BSE, NSE, MSE, and NSDL and offers its services from its 475 different offices spread in around 200 locations. You can get into a trade with the broker once you open NSE account.

Along with this, opening a Demat Account with Edelweiss opens a gateway for using different financial services like online trading (equity, commodity, currency), depository services, mutual funds, Gold ETFs, Fixed income products.

In this article, we offer you the complete information of the Edelweiss Demat account like Edelweiss charges, login, opening process, and lot more.

Also, read Edelweiss Intraday Charges

Dive in to grab details and open your account in no time!

Edelweiss Demat Account Review

Edelweiss is a well-known stockbroker of India that offers quality products and services at an affordable price.

The broker offers three different types of accounts to meet the different needs of the traders.

1. Standard Brokerage Plan: It is a full brokerage plan offering personalized services to its customers.

2. Advanced Subscription Prepaid Brokerage Plan: A full-service brokerage plan specifically for frequent traders. Under this, the customer pays the lump-sum amount for 12 months. The plan offers local relationship manager, high leverage, research and trading calls at a very low brokerage fee.

3. Discount Brokerage Plan for Online Trading: The account for the customer looking for the low-cost trading platform and demands little assistance from the broker. It offers equity trading at a low brokerage charge of 0.01% and ₹5 per lot for F&O.

Opening a Demat account with the broker is completely free and is processed is via the online and offline method. Also, the broker allows the direct deposit of dividends, interests, and a lot more in the Demat account.

Other than this opening a Demat account with the firm offers you a free investment advisory from the highly experienced research team that helps you in making a better and smart investment decision.

Edelweiss trading offers a wide array of trading platforms that are easily accessible in different mediums including websites, mobile apps, desktop trading software, etc.

Among all the platforms, the Edelweiss Mobile Trader app is the highest rated app that helps the customer in offering all the insights of trade thus helping them in their trading decisions.

With around 475 offices in 200 different locations of the country, it has been able to make its strong presence and gain the trust of many potential traders.

Currently, the firm is serving around 12 lakh clients.

No wonder, the company has gained many awards and fame but to get the best trading experience it is always good to learn about the broker by putting a little effort towards research and products.

If you are looking ahead to open the Demat account with Edelweiss, here is the quick review that helps you in making a wise decision.

Compare its charges and other benefits with other top brokers and go ahead with your account opening process.

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Edelweiss Demat Account Opening

You can open an Edelweiss Demat Account by both online and offline methods.

Moreover, Edelweiss offers the 2-in-1 account thus open a trading and Demat account in a single fold.

All the Indian residents, NRIs residing in Gulf countries, Australia, New Zealand, Hong Kong, Singapore, and the UK can open the account with Edelweiss.

If you want to open the account instantly, then opt for the online process of opening the Edelweiss Demat Account. It takes a few minutes to complete the entire account opening process.

Make sure you have all the essential documents required for opening the account. Thus Edelweiss free demat account opening is an easy process. Reap its benefit and enjoy trading.

Edelweiss Demat Account Opening Process

Here is the step by step process to open the Edelweiss Demat account online.

• Visit the website or the mobile app.
• Click on the button “Open the account”.
• To sign up enter the basic details like email id, and mobile number.
• Following this enter your PAN Card details and Date of Birth.
• Enter the UID number for Aadhaar Details.
• If the KRA (KYC Registration Agency) is verified, the process is done instantly.
• Provide the bank details to link your trading and Demat account.
• Other than this, fill other required fields like education, occupation.
• Choose your Edelweiss brokerage plan and complete the form filling process by uploading the documents.
• As soon as you submit the form, the company representative will call you for the In-Person verification as per the norms and regulations.
• E-sign the form with the Aadhaar number. For this enter the OTP you receive on entering the Aadaar details. On verification, download the e-sign document.
• Following this schedule the POA appointment for the representative who will come to your doorstep to collect the downloaded form.
• Once you are done, the account opens within the 24 hours which will be confirmed via email containing the account opening credentials. and instruction to Edelweiss login.

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Wish to open the demat account, 

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Edelweiss Demat Account Opening Form

Apart from the online process, Edelweiss also offers the offline method to open the Demat account. 

For opening the Demat account offline download the form from the website, take a print and fill all the essential details and follow the steps given below:

• Attach the documents essential for opening the Demat account. 
• Submit the form to the nearby branch office or send it to the company’s address. 
• On verification of all the details, the account opens in no time. 

Edelweiss Demat Account Opening Documents

For opening a Demat account with any broker, there are some documents essential to process the opening of the account.

Here is the list of documents required to open the Edelweiss Demat Account:

1. Proof of Identity

• PAN Card
• Aadhaar Card
• Driving License
• Passport
• Voter ID Card

2. Proof of Residence

• Aadhaar Card
• Driving License
• Passport
• Voter ID

3. Bank Account Details

• Canceled Cheque
• Bank Statement (not older than 3 months)
• Updated Passbook

4. Proof of Income (if you want to trade in derivatives segments)

5. One passport size photograph

Edelweiss Demat Account Login

Once your Demat account with Edelweiss opens, the account details will be sent to you via email and SMS to your registered mail id and mobile number respectively.

The account details include the User ID and password that you can use to access your account for the first time.

As you log in, you will be prompted to create your own user id and password along with the security question.

Instead of an additional question, you may also be asked to enter your date of birth as per the latest update.

So open the Demat account and get the seamless access to your Edelweiss Demat and trading account.

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Edelweiss Demat Account Charges

Opening a Demat Account helps you in holding all your shares and other financial securities in an electronic form.

Many Depository Participant opens the Demat account for free, i.e. there are no account opening charges for Demat account. Similarly, Edelweiss also offers the facility for free demat account opening .

Other than the account opening fees, there are certain Annual Maintenance charges, commonly known as AMC charges.

These charges are charged per year. Edelweiss offers relaxation to its customers by not charging any AMC for the first year. From the second year onwards, the amount of ₹500 plus charges is applicable.

 

Next in the list is custodial and transaction charges. It is imposed by depositories that the company pays directly to the depositories.

Also Read : Edelweiss Trading Account Charges

This is the amount that is to be paid every time the financial security transaction is made from the Demat account

 

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How to Close Edelweiss Demat Account?

In case you are not using the Demat account, then you can close the account by following a simple offline process.

To initiate the process make sure that the Edelweiss Demat Account application is duly signed. To process the request, submit the signed form to the Relationship Manager/Equity Advisor, or to the nearest branch.

Make sure that before placing the closing request, both the Demat and trading account has zero balance and there are not any pending dues with the firm.

To close the Edelweiss Demat Account, follow the steps below:

• Request for the soft copy of the form by calling the customer care, or by sending an email.
• Also, you can collect a hard copy by visiting the nearest branch.
• Request by placing the account closing form number 386 for a trading account and 387 for the Demat account.
• Fill all the essential details and get it to sign by all the shareholders in case of a joint account.
• The account closing request is processed in 2 weeks.
• In case of any delay contact the customer care executive.

Edelweiss Demat Account Closure Form

To close the Edelweiss Demat Account you can avail the closure form from the Relationship Manager or Equity Advisor. Also, you can collect the form from the nearest branch office.

Other than this, you can avail of the soft copy of the form by sending an email or by calling the executive at the toll-free number (1800 102 3335).

Once you fill the form, submit it along with the Client Master List (CML) of the other Demat account, in the case, there are the stock holdings in your account. Ensure that the CML document has the CDSL/NSDL logo and duly stamped and signed by the DP officials.

With the CML list it becomes easier for you to transfer the stock balance from the Edelweiss Demat account to another operative account with the same holder’s name.

If there are no stocks in the Demat account then you can submit the form duly signed by all the holders with the details mentioned therein.

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Edelweiss Demat Account Customer Care

Edelweiss apart from the seamless account opening operations and other brokerage services is known for offering complete support to its customers.

It offers six different ways by which the customer can reach them.

Here are the different methods by which you can get in touch with the Edelweiss team in case of any query or doubt.

1. By directly meeting the executive at the nearest branch

2. By sending SMS ‘EDEL’ to 5757590

3. Sending an email at ‘helpdesk@edelweiss.in‘

4. Calling on the toll-free number 1800-102-3335.

5. Contacting your Relationship Manager.

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Edelweiss Demat Account Advantages

By opening Edelweiss Trading and Demat Account the customer can reap many advantages. Some of the top benefits are:

1. It gives the high exposure thus giving you a better chance to trade.
2. It provides all the trading facilities and financial instruments under one roof.
3. The brokerage charges of the broker are average thus reducing the pressure of the customer.
4. It is the reputed firm offering a unique trading experience to its customers.
5. Moreover the customer is offered free research advice that helps them to invest more smartly.

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Edelweiss Demat Account Disadvantages

Although the broker offers amazing advantages, there are some disadvantages too.

1. The company charges high fees for opening a trading account as compared to other brokers.
2. The AMC charges are more than expected.
3. It does not levy the minimum brokerage charges.
4. It does not offer flexibility for opening the 3-in-1 account.

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Bottom Line

Edelweiss’s Demat account gives you access to trade in any investment options like equities, mutual funds, IPOs and many more.

Also, you can avail of other products and services offered by the firm. Reap the best benefits of opening the Demat account now.

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Frequently Asked Questions

1. What if there is an outstanding debt in my Edelweiss trading/Demat account while closing the account?

If there is an outstanding balance in your trading or Demat account it is essential to clear it before placing the closing request. For this you can submit the account closure form along with some documents of proof from your Relationship Manager/Equity Advisor.

Other than this, you can also transfer your shares via DIS to another active Demat account of yours.

2. Is there a need to keep the minimum balance to keep my Demat account active?

No, there are no such criteria to maintain the minimum amount balance to keep your Demat account or trading account active.

3. What if I am unable to upload my documents while opening the account?

In case, you face difficulty in uploading the documents, you can send the scanned images of your documents via email (onboarding@edelweiss.in) or Whatsapp (8879972954/7700939232).

4. How many days does it take to activate the Demat account?

As your documents are being collected, they are scrutinized and the account gets activated in 24 hours. As soon as the account opens, you will receive an email containing the login credentials and other relevant details.

5. How can I check the account closure request?

In general, it takes 7 working days to process the closing request. To track the closing status you can call at the toll-free number 1800 102 3335. You can also write at helpdesk@edelweiss.in.

Once the account closes, you will receive the intimation via normal post sent to your registered address. In case of trading account the account closure intimation is sent via email to your registered email address. 

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