SAMCO Demat Account

Many traders have come across the brokers offering the services at the least brokerage charges. SAMCO is one of them that offers depository services through CDSL and SEBI. If you are a beginner that opening a SAMCO Demat account will offer you many advantages.

Interested in SAMCO Trading? It is possible with SAMCO Demat Account.

Before investing your hard-earned money, want to know if SAMCO is safe to invest or not. Click here to know about it.

Also, read the Pledge of Shares

Grab the essential information of the SAMCO account and start trading now.

SAMCO Demat Account Review

SAMCO is a Mumbai based online discount stockbroker, incorporated in 2015. Being a trading member of NSE, BSE, MCX it offers good brokerage services are offered transparent

So if you want to Open SAMCO Account online, know how to open a BSE Account?

In no time, the firm has gained much fame and has spread its branches in almost all over the country.

In May 2015, SAMCO became the first broker to launch the Stock Market League under the name Indian Trading League (ITL).

The broker is known for offering services at the least brokerage charges and provides leverage products for SAMCO margin funding and margin against shares in the Demat account.

It avails more than 500 stocks for Equity Intraday trading with around 15x leverage. On the other hand for Cover and SAMCO Bracket Order it offers the exposure up to 33x. Know about the SAMCO Equity Margin and reap its benefit.

SAMCO offers different account types namely:

• Online Trading Account
• Demat Account
• 2-in-1 Account (Trading+Demat)

Opening an online trading account with SAMCO offers Equity, Currency, and Commodity. If you are willing to trade in the F&O segment than opening a trading account is enough while for stock delivery opts for the 2-in-1 account.

Explore SAMCO Products and invest accordingly.

Along with this, it works with the mission of solving many existing problems of the stock market by offering its customer a new and improved trading platform. Thus, it works with the objective of making trading feasible and reasonable for every trader.

In all, the film opens with the objective of offering an extremely affordable solution to the potential traders and therefore opening a Demat account with the firm proves to be beneficial to many.

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SAMCO Demat Account Opening

SAMCO offers great services and therefore offers different ways to open a Demat account.

• Online Account Opening
• Downloading form
• By visiting SAMCO Mumbai Office

SAMCO Demat Online Account Opening

With the introduction of the complete paperless process, SAMCO attracts many customers because of the complete paperless process of account opening.

Not only paperless, but you would also be able to open the account in 5 minutes if your Aadhaar is linked with the mobile number.

To open the SAMCO Demat Account online you need to follow the steps below:

1. Visit the SAMCO website and register by providing the basic details; name, mobile number and city for eKYC.
2. After filling the details the link is sent to you by the SAMCO KYC team.
3. As you click on the link, you will be redirected to a new page containing a detailed registration form.
4. Fill all the details like Name, complete Address, Email address, Contact details, occupation, annual income, and bank account details.
5. Sign the form digitally using your Aadhaar.
6. After filling the form, upload the KYC documents (PAN Card, Aadhaar Card, Address Proof, photograph, and canceled cheque).
7. Once you are done, you receive a call back from the SAMCO sales team members who then verify all the details and documents submitted by you.
8. Proceeding the verification step, the SAMCO Demat Account details will be sent to your registered email id that you can access.

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Interested in opening the Demat account

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SAMCO Demat Account Opening Offline

For opening the Demat account offline, you can either download the form from the website or visit the branch.

Downloading the closure form PDF 

• Fill all the essential details as mentioned above.
• Attach the supporting documents and send them to the Mumbai office address.
• However, opening the Demat account online is better than the offline method as it takes a longer time.

Visiting the SAMCO Office

• Another way to open the account offline is by visiting the Mumbai branch.
• SAMCO has its corporate office at Elphinstone Road, Mumbai.
• You can directly visit the branch to open the account with them.

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SAMCO Demat Account Opening Charges

SAMCO brokerage plans and charges are transparent and are known for providing the services by charging the least. The SAMCO Demat account can be opened without paying any fees.

Also, read SAMCO Option Plus, if you are interested in options trading and SAMCO Commodity Margin, if interested in SAMCO commodity trading.

Also, the margin money of the SAMCO is NIL so you can maintain the margin money as per your requirement.

SAMCO Annual Maintenance Charges

The annual maintenance charges are charged for maintaining the account and keeping it operational.

Again the SAMCO wins the heart of its customers by not charging any AMC charges for the Demat account but imposes the fees equals 400 per annum for the trading account.

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SAMCO Demat Account Opening Documents

Once you fill the application form for opening the SAMCO Demat account, you have to upload the essential documents.

Here are the documents necessary to open the account without any hassle.

 

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SAMCO Demat Account Login

Once you open a SAMCO Demat account, you can access the status by login into the website.

• To login, visit the SAMCO website.
• Click on the login bar.
• Enter the credentials sent to your email address.
• Once login you can make use of the account and back-office efficiently.

It helps you to grab knowledge of the stocks you are interested in this helps you in making a smart investment decision.

This is how you can do SAMCO Login in SAMCO Trading Software easily.

Also, you can explore SAMCO web trading platforms and login accordingly as per your convenience.

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How to Close SAMCO Demat Account?

SAMCO offers a 2-in-1 account i.e. both trading and Demat account. If you are not using your trading or Demat account, then you can close the account by following simple steps.

Here it is important to note that the process for account closure is completely offline and all the account holders (in case of multiple account holders) must sign the form before closing it.

Generally, the SAMCO Demat account closes in 7-10 days after placing the request.

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SAMCO Demat Account Closing Form

Before initiating a closing process, clean the trading account by selling all the intraday holdings, and transferring the fund to your bank account through SAMCO Fund Transfer.

In case of Demat holdings sell or transfer all the holdings to a new Demat account.

Once you are done, follow the steps below:

• For sending an account closure via email, call the SAMCO helpdesk.
• On receiving the account closure form, print it, fill the form and sign before sending it to the SAMCO corporate office.
• The SAMCO team will meet all the desired paperwork and confirm the account closure request within 15 days.
• For follow-up regarding the account closure contact to the SAMCO customer care.

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SAMCO Demat Account Advantages

Offering the SAMCO Demat account offers innumerable benefits. Some of them are:

• It offers the zero account charges thus you do not have to pay any charges to open the account.
• The firm offers the 100% cashback on your first-month brokerage if you register for the account using the StockNote App.
• Opening the SAMCO Demat Account can help you to enjoy up to 100 times leverage on Futures & Options, 80-time leverage on Commodity and 33 times on all Equity Intraday Trading.
• The best advantage you can reap with the SAMCO Demat account is the lowest brokerage charges. It allows you to trade on any segment or portfolio any time for just Rs 20 per trade irrespective of the transaction value.
• It offers a range of financial and investment products for investment and trading.

If you have good contact and reference lists then Partnering with SAMCO Sub Broker provides you a lot of opportunities to earn the commission at your convenience.

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SAMCO Demat Account Disadvantages

Although there are many benefits of opening a SAMCO Demat account, along with this there are some disadvantages too. 

Here we are with some of the major disadvantages:

• It does not give you access to invest in a mutual fund. 
• There is no branch office of the broker and thus no way to get any kind of offline support. 
• It charges high for pledge creation and for closing the account. 
• There is no provision for the online IPO application. 
• In case of call and trade an extra charge of Rs 20 is levied on the customer. 

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Conclusion

SAMCO, the discount broker, is the versatile stock broking company that makes trading faster and convenient for all.

Opening a SAMCO Demat Account offers you many benefits and facilities of trade. But along with that, it is good to consider the disadvantages too.

Since the investment of funds is a big decision, therefore it is better to make it by considering the above points.

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Frequently Asked Questions

1. What are the Annual Maintenance Charges for SAMCO Demat Account?

Opening a Demat account with SAMCO free you from paying Annual Maintenance Charges. But in case of Trading account (individual) you need to pay ₹ 400 plus GST while for corporate Demat account the AMC charges are ₹800 plus GST. 

2. What are the charges associated with the SAMCO Demat Account opening?

If you are willing to open the Demat account with SAMCO then it is important to know the charges associated with..  The base Demat charges are equal to ₹10 with ₹50 additional charges for each certificate. The Remat charges are as per the CDSL which equals ₹50 per ISIN. 

3.  What are the documents required to open the SAMCO Demat account?

To open the SAMCO Demat account, you need to submit few documents for Identity Proof (Aadhaar Card, Passport, Voter ID, or PAN Card); Address Proof (Passport, Voter ID, Electricity or Gas Bill, Bank Account Statement); Income Proof (copy of ITR, annual account report, salary statement), Proof of bank statement (Canceled Cheque)

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In case you are looking forward to more details, feel free to contact us.

 

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