Sharekhan Demat Account

Sharekhan, one of the leading full-service brokers of India offers many products and services. For those who are looking forward to trade and invest, here is the detailed review of the Sharekhan Demat Account. 

Before digging deep into its detail, let’s first know a brief about Demat Account. 

In simple terms, a Demat Account is where you can secure your physical shares into electronic form. 

Thus, with the Demat account, you are not required to take physical possession of a share certificate to prove your ownership. 

Also, it will help you to store other investment Sharekhan products like ETFs (Exchange Traded Funds), Mutual Funds, Government Securities, Bonds, etc.

They also provide the facility of Sharekhan Ledger, through which you can make a good investment decision.

Here is the detailed review of the Demat account, its charges, and the opening process of the Sharekhan. 

Sharekhan Demat Account Review

Sharekhan is a Mumbai-based full-service stockbroker with around a 1.4 million client base. Opening a Demat account with Sharekhan offers many benefits. 

One can now open a 2-in-1 account  (trading plus Demat account) with Sharekhan for free i.e there are zero account opening charges.

The Sharekhan trading account is useful for those who are willing to trade in equity, commodity trading, or currency trading.

The Demat account on the other hand is helpful to hold the bought shares for months.

Also, you can avail of the attractive trading plans that you can pick as per your requirements, by paying the Demat Account Annual Charges or  AMC.

Here we have discussed the complete process of opening a Sharekhan Demat Account. 

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Sharekhan Demat Account Opening

Sharekhan offers the simplest way to Open Sharekhan Free Demat Account.

Here are the two common methods that one can use to open a Demat account:

1. Sharekhan Demat Account Opening Online

The opening process begins with the simple Sharekhan sign up, where you need to

• To visit its website and follow the steps given below:
• Click on the ‘Open an Account’ button.
• Enter the contact information on the right side of the page. 
• You will receive a call from the Sharekhan sales advisor. 
• A local sales representative will visit your home or office on the scheduled date and time. 

2. Opening Demat Account Offline

• Also, you can open a Demat Account with Sharekhan offline by visiting the local branch or sub-broker office. 
• There you will get a complete demo of the products they offer. 

Steps to open a Demat account online

Step 1: Visit the Depository Participant Website

• Depository Participants are the intermediaries who hold your shares and securities. 
• To open a Demat Account, visit the website of Depository Participant and sign up for opening a Demat Account.
• Enter your Aadhaar number, PAN Card, and contact details. 

Step 2: Validate the details

• Once you enter your Aadhaar and PAN details, you will receive an OTP on the registered mobile number.
• Following this, you need to enter the bank details, address, and brokerage plan. 
• It will then redirect you to upload the documents (passport size photo, ID proof, address proof)

Step 3: Verification Process

• The last step is in-person verification.
• Earlier, the whole process is done offline, where the DP representative physically visits and verify the documents.
• Now the process is conducted online via video sessions. 

On verification, click on the button ‘e-sign’. 

You will receive OTP on your mobile number, enter it to verify your KYC details. 

After completion of the process, a unique client code will be sent to you. This code is helpful to sign-in in to your Demat account. 

 

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In case you want to open a Demat account online as per our recommendation though, feel free to provide your details below and we will get you started:

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Sharekhan Demat Account Opening Form

Sharekhan Demat Account Opening Form PDF is not yet available. 

To get the form, either contact the sales advisor or visit the local branch to get the account opening form.

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Sharekhan Demat Account Charges

Sharekhan does not charge any fees for opening an account, thus Sharekhan Account Opening is easy and for free.

Registered with both the depositories, NDSL and CDSL it offers dematerialization at ₹5 per certificate.

Thus for people who are looking forward to opening the Demat account, they can opt it and open the account without paying any charges.

Sharekhan Demat Account Opening Charges

Are you the one who is exploring the Demat account charges? Here we are with the complete information of the demat account opening charges imposed by the full-service broker, Sharekhan.

 

Sharekhan AMC Charges

Every broker offers certain annual fees on the account.

If you have a Demat account with Sharekhan or thinking of opening an account, then it becomes essential to consider these charges as well.

The annual maintenance charges of the Sharekhan vary with the minimum fees of ₹400.

Grab the full information on the charges.

Sharekhan Demat Account Annual Charges

Want to know the exact annual charges on Sharekhan Demat Account, here is the charges detail below.

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Sharekhan Demat Account Margin 

For all those, who are engaged in trading, might know about the margin.

It is money borrowed from the brokerage firm to do investment or in simple terms to buy a share.

Margin money can also be described as a loan amount that the customer borrows from the broker to invest in the desired amount in securities.

Sharekhan offers the margin amount to its clients, which helps them to trade across different platforms like a commodity, trading, equity, derivatives, etc.

Although it is a full-service stockbroker ranking at number third after ICICI Direct and HDFC Securities, still when it comes to margin amount, the broker does not provide a high margin value.

Here is an overview of the margin provided by the broker at different trading segment levels.

 

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Sharekhan Demat Account Opening Documents

For opening any Demat account, you need to submit a few documents.

The documents are almost the same whether you want to open an individual or joint Demat account, corporate Demat account, NRI account.  

Make sure you submit the self-attested documents listed below:

• Proof of Identity
• PAN Card with a photograph.
• Unique Identification Number (Aadhaar)
• Passport
• Voters ID 

You can submit any identity card having a photograph and that is issued by the State or Central Government or its department, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutes, etc. 

• Proof of Residence
• Passport
• Voters ID Card
• Ration Card
• Registered Lease or Sale Agreement of the Residence
• Driving License
• Bank Account Statement (not more than 3 months old)

Other Documents

• Cancelled Cheque to verify bank account details

For investors thinking of investing in Derivatives or commodity market, then they need to provide the following documents:

• Form 16
• IT Acknowledgement Copy
• Bank Statement for the last 6 months
• Stock Holding statement
• Certificate provided by the CA to verify the net worth.

Here is the list of documents required to open a Demat account under various categories.

 

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Sharekhan Mobile Trading App

Along with many benefits, Sharekhan makes it easy for traders and investors to explore more without any hassle.

To make trading and investment easy, the broker offers a mobile app.

The app is available for both Android and iOS devices providing a rich experience to its customers.

With the new Sharekhan app, you can trade and invest in stocks, mutual funds and can keep track of your portfolio.

It is quick, easy to use, and has many features that help you to make a better decision.

With the app, you would be able to gain valuable market insights that in turn help you to make informed investment decisions.

In all, it is helpful for you to meet your investment and financial goals.

Have a quick look at the features of the mobile app.

 

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Sharekhan Refer and Earn

Not only you get access to the use of the mobile trading app of Sharekhan on opening an account, but also the access to the refer and earn demat account. Under this program of the broker, you get the chance to earn additional money.

The refer and earn demat account program of Sharekhan allows you to earn Rs 400 on every referral you provide to the broker. You can simply use this offer via their mobile or web trading app.

Once the referral opens an account with the broker and trades using the Sharekhan trading app you earn the amount of Rs 400.

So sign up now and earn infinite benefits.

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Sharekhan Demat Account Closure Procedure

Since Sharekhan charges the AMC charges of ₹ 400 plus taxes. If you are not using your Demat account for more than three months or thinking to move to another broker to open a Demat account, then it is highly recommended to close the Demat account with Sharekhan.

Want to know how to close Sharekhan Demat account, then follow the steps given below:

• Visit the nearby branch.
• Clear all remaining balances and return the unused offline Demat transaction slips.
• Fill the account closure form
• The account closes in 7 working days and the confirmation letter is sent to the customer within 15 days. 
• Make sure you receive the confirmation message regarding the account closure, else contact the local branch where you submit the request. 
• Before closing the form, here are a few important things that you must consider.
• Vacant your Demat account and transfer fund from Sharekhan Demat Account, if any to another active account. 
• If there is more than one account holder, then the request letter must be signed by all. 
• Clear all the maintenance charges.

Sharekhan Demat Account Closure Form

As mentioned above, for closing the Sharekhan Demat Account, one needs to fill the Account Closure Form. 

You can download the form from the DP’s website or from the broker’s website.

Fill in all the required details like the name of all holders, the reason for closing the account, and other essential fields. 

Sign the acknowledgement and submit it to the branch. 

Once the request is processed you will receive the confirmation regarding the closing of the account. 

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Sharekhan Demat Account Customer Care Number

Sharekhan offers a number of channels to come across the complaints of its customers and to offer them the best services. 

You can contact Sharekhan via different communication platforms like:

• Live Chat
• Whatsapp messages
• Email
• Toll-free number
• Social Media
• Phone

Its best customer support services ensure better credibility and improve the quality 

Sharekhan Demat Account Contact Number

If you want to avail of the information regarding any of the services of Sharekhan then go ahead by contacting them through any of the means available above between 10 AM to 7 PM on weekdays and between 10 AM and 4 PM on Saturdays.

Get detailed information on various platforms in the table below. 

 

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Conclusion

Sharekhan gives you many reasons to open a Demat account with it. 

Some of the reasons are: 

1. Complete customer support while opening an account
2. It provides an investor classic program that offers a seamless platform to manage the investment with the click of a button. 
3. Offers best facilities like; 24 hours market access, activated online fund transfer, international market research, multiple exchanges. Unlimited charts. 
4. Provides comprehensive Portfolio Management Services that are managed by experts. 
5. Sharekhan provides trader and investor education that helps them to meet the specific needs of the investor. 

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In case you are looking to get started with stock market investments and trading, just fill in a few basic details in the form below. We will assist you in the next steps ahead: