Finvasia Demat Account

Want to start trading with the Finvasia, one of the discount brokers of India, then it is essential to open the Finvasia Demat Account.

Thinking of why should you have a Demat Account?

Demat Account is the account that is used to hold all the shares in an electronic form thus making trade easy and seamless. Along with this, the Demat account hold bonds, ETFs, mutual funds and other assets having a unique ISIN number.

Finvasia is a fintech company offering financial services based in Chandigarh and offers services in fourteen different nations including Australia and Brazil.

Being a member of both BSE and NSE, the company emerged as the fastest-growing stockbroking service of the nation.

Those who want to open NSE account can consider initiating trade with this emerging broker.

The best part that encourages many investors to open a Demat Account with Finvasia is its zero brokerage trading services. It means, that you do not have to pay any brokerage charges or commission for a lifetime while trading in equity, intraday, currency, or MCX commodities.

To start your trade with Finvasia you need to open a Demat Account first. Here are the complete detail and review of the Finvasia Demat Account.

Finvasia Demat Account Review

The technology-driven financial service provider, Finvasia offers a wide range of financial services.

You can reap the advantages of all the products and services of Finvasia by opening a Demat account with the firm.

It offers you with the great benefit of doing trade as it offers a lifetime zero brokerage trading services. Thus, the customers have not to pay any commission for doing trading with Finvasia.

This zero commission trading makes the broker famous among many people and thus many potential investors are looking forward to opening the Demat account with the firm.

Opening the Finvasia Demat Account also gives you the access to use many of its trading platform. However, these apps and software are chargeable but it offers you complete support to do trade efficiently.

For more details of the Demat account with Finvasia, dive in, and learn more about the opening process and charges applicable.

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Finvasia Demat Account Opening

Finvasia offers a very simple process to open the Demat Account. Just fill an application form available online get the Demat Account login details in no time.

It offers a special 2-in-1 account (trading+demat account) without imposing any charges. Thus, you can save ₹1000 as compared to other brokers.

If you already have a Demat account with other platforms or KYC is already done than opening a Demat account is a bit easier.

Finvasia Demat Account Opening Online

Here are the steps you need to follow for opening Finvasia Demat Account:

1. Visit the website of Finvasia.
2. On the top taskbar click on the option ” Open an Account”.
3. A new page opens. Fill all the details; name, phone number, PAN Card details, email id, etc.
4. Submit all the essential documents; Aadhaar Card, Bank Statement and other proof.
5. After this, all your details and documents are closely scrutinized to prevent any fraudulent acts. The process is completed in a couple of minutes.
6. On verification and successful examination of documents sign the form digitally using your Aadhaar Card. To get this step done, fill the Aadhaar card number. An OTP is sent to your registered mobile number. Verify the OTP.
7. By entering the OTP, the process of Finvasia Demat Account completes.

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Willing to open a Demat Account,

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Finvasia Demat Account Opening Offline

Although the firm offers a completely paperless process to open the account, due to some reason you are unable to access the website then you can download the account opening form from the website.

Proceeding this, take the print of the form and fill all the essential details.

Attach all the documents and sign the form.

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Finvasia Demat Account Opening Documents

To open the Finvasia Demat Account, there is a need for some important documents. On submission, these documents are verified by the concerned authorities to prevent any kind of fraud.

Various documents required for Finvasia Demat Account opening are enlisted below

• Digital copy of PAN Card
• Address Proof
• Photograph
• Bank Statement for income proof
• Canceled Cheque (for the bank details)

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Finvasia Demat Account Opening Charges

Finvasia does not charge any fees irrespective of the type of trading you are into it.

For opening a Demat account, you just need to pay the charges of Power of Attorney which equals to ₹ 199.

Also, there are no AMC charges for individual Demat account. In case, of Corporate account, the amount of ₹ 1000 is required to pay in the form of Annual Maintenance Charges.

Grab the details of various charges associated with the Finvasia Demat Account Opening:

 

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Finvasia Demat Account Login

Once you meet all the basic requirements for opening a Finvasia Demat Account, the login credentials are sent to your registered email account.

You can use those login details to make effective use of your Demat account. Follow the steps given below to log into the account.

• Visit the homepage of the Finvasia.
• On the taskbar at the top, sign into the account using the login credentials.
• Entering the details takes you to the Finvasis PRISM or Back office account.

Also, you can check the status of the account opening by login to PRISM. 

Just visit the Login link on the header then visit Prism and click on Login. 

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Finvasia Demat Account Closing

If you have an account with Finvasia, and not using it for the few months then it is highly recommended to close the account to avoid the AMC charges.

Finvasia does not offer any way to close the account online, therefore you need to apply for the process only through an offline method.

Here are the steps you must follow to close the account. 

1. Call customer care and request for the Finvasia account closure form.
2. Print the form, fill all the details and send it to the Chandigarh office of Finvasia.
3. Do not forget to sign the application form and if there are more than one account holders then make sure that all of them sign the closing form
4. It takes around 3 days to process your Demat Account closing request.
5. If there is any balance in your account then it will be transferred to the account mentioned in the form.

You can follow-up the customer care and if your request is not processed for more than 15 days, then contact the support team and check the status.

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Finvasia Demat Account Advantages

Finvasia offers many benefits and therefore many potential traders are willing to open the Demat Account with the firm.

• It offers a simplified and direct process thus one can open the account within minutes. Just ensure that all your documents are handy to avoid any hassle or inconvenience.
• Opening a Demat account with Finvasia offers you a highly advanced trading platform, PRISM. This platform provides all the necessary information that helps you to carry out trade and in financial dealing.
• The best advantage of opening the Finvasia Demat Account is that it does not charge any annual maintenance charges. Thus, it saves a lot of money.
• Other than this, the Finvasia Back Office keeps you in the race by offering all the assets and financial information, thus making trading easy.

Finvasia Demat Account Disadvantages

Although the company offers many advantages but has some associated disadvantages too. Some of them are:

• There is no branch of Finvasia in the country, that sometimes raise the difficulty in front of customers.
• The biggest disadvantage of the Finvasia Demat account is the low leverage for options trading.
• Other than this it levied additional charges like transaction charges (0.00325% of total turnover), STT charges (0.025 of total turnover), SEBI turnover charges (0.00015% of total turnover), Stamp duty (depends on state), GST charges (18%).
• Other than this they do not offer any provision for opening a 3-in-1 account.

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Conclusion

Finvasia has proved to be one of the fastest growing online brokers in the market today. Investing your money safely and securely can be done with the Finvasia Demat Account.

Follow the steps above and get the best experience in trading.

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Frequently Asked Questions

1. Can I link my new Finvasia Demat Account with the existing Demat account?

Yes Of course! You can easily link your existing account with the Finvasia Demat account. Also, if you have an existing Demat account with another broker you can open the Demat account with Finvasia easily as your KYC has already been done and other crucial information is present on the central servers.

2. Can I open more than one trading account?

No, you cannot open more than one trading account with one name with the same broker but can register for more trading account with different brokers. 

3. What are the AMC charges for the Finvasia account? 

Finvasia does not charge any AMC charges for trading or the Demat account. But for the corporate Demat Account, you have to pay ₹1000/- as the AMC charges.

4. What are the brokerage and account opening charges of Finvasia?

Finvasia does not charge any brokerage fees. It means trading in equity, F&O, Commodities is absolutely free. If you have an account with Finvasia, then you are required to pay only taxes. It offers mobile and web app for trading. 

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In case you need any further help, feel free to contact us.

 

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