Trading & Demat Account Opening
Account opening process has now been simplified with online submission of the required documents. To get started, submit your details here, our sales representative will contact you and assist you in account opening formalities. Alternatively, you can also contact Wisdom Capital us on Toll-Free number 1800-123-9343
Visit Wisdom Capital’s website, register your details here, our sales team will contact you and provide you with filled up KYC form on your email. The form needs to be duly signed and sent to our office by courier/post.
For Account Opening following documents are required:
- PAN Copy
- Address Proof
- Bank Statement
- Income Proof (Only for activation of Derivatives)
NSE, BSE, NFO, CDS, MCX, NCDEX
When a client/trader sells the shares, an authorization is required by the broker from the client to withdraw those holdings from the trader’s DEMAT Account.This authorization is termed as Power Of Attorney (POA). Alternatively, you can also courier us the DI-Slip, to sell the shares.
The account opening is free for the clients opting for PRO or Ultimate Plan. However, for Freedom Plan, ₹ 999 plus GST will be levied for demat account opening.
If a trader does not want to trade in Equity Delivery, he/she does not need to open a Demat account but for trading in equity intraday, a trader will be required to link an existing Demat account with Wisdom Capital. A trader needs to submit a copy of his Client Master Report of his existing Demat account to Wisdom Capital in order to link his Demat account with Wisdom Capital. For seamless trading, Wisdom Capital’s recommends that a trader opens a Demat account with us.
The account maintenance charges are NIL for Trading Account.
Lifetime free account maintenance charge can be opted by paying one-time charge of ₹999 + GST or a client can opt to pay Annual Maintenance Charge of ₹300 + GST.
“DEMAT Account is similar to a bank for shares/stocks/securities”. A depository is like a bank where securities are held in electronic or dematerialized form.In India, there are two depositories, National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).