Choice Broking Demat Account 2024 | Opening Charges and Details
Choice Broking Account Opening Enquiry
Choice Broking Demat Account Opening Charges and Details
Choice Equity Broking Private Limited is a Mumbai-based full-service stock broking firm and was incorporated in 2010 by Choice broking owner. This is a subsidiary of a publicly listed financial service provider organization named as Choice International Limited. It was formerly providing its financial services since 1993 and stands first among top demat brokers.
Opening demat account in India
Choice Broking offers its online trading and the premium financial service for the complete range of financial products such as Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Insurance and the Loan against share. It is a depository membership with the CDSL and NSDL. Choice demat account refer and earn program is also facilitate by the company to its to earn some extra brokerage referral amount and then brokerage account deposit bonus credited to your account on a specific date of every month.
Choice Broking is a member of NSE, BSE, MCX, NCDEX, and ICEX. The Choice Broking avails their customers with several margin trading services also offers opening demat account in India for NRI to trade in Indian stock market. It allows the customers to allow the clients to purchase the shares by funding the smaller portion with its funds and use the broker funds for the remaining amount. Choice demat refer and earn NRO demat account ICICI and NRI demat account in India or open NRO demat account online to trade in Indian stock market.
Choice broking demat account charges
A customer is required to pay some demat account opening charges to the broker. The broker may also charge Choice broking trading charges, a yearly fee to maintain the demat account.
Service | Charges |
Demat Account Opening charge | ₹0 (free) |
Demat AMC | (1st yr AMC free) 3 plans to choose from: Rs.200/- + GST Yearly PlanRs.1500/- + GST - Lifetime AMC CoveredRs.3000/- Full Refundable AMC (Full amount will be refunded when you close the account with us) |
Choice Broking Depository Service Charge (Other Charges)
Transaction | Charges |
Demat Account opening charge | ₹0 |
Stamp Charge | NA |
Annual Maintenance Charge (AMC) | |
Individuals | ₹200 per year + GST (Payable upfront every year) or Lifetime free refundable and Non-refundable AMC plans at ₹3000 and ₹1500 respectively |
Corporates | ₹1000 + GST for every debit transaction |
Transaction Charges as per ISIN (Market Trades) | |
Buy (Receive) | ₹0 |
Sell (Debit) | ₹10 + GST for each debit transaction |
Inter depository Transfer (Off-market Trades) | |
Buy (Receive) | Nil |
Sell (Debit) | 0.02% subject to the minimum of ₹10 per instruction + GST |
Demat (Per Certificate) | ₹25 |
Remat (per ISIN) | ₹25 per 100 securities or 0.04% whichever is high |
Pledge Creation | ₹50 or 0.02% whichever is high + GST |
Unpledge per ISIN | ₹50 or 0.02% whichever is high + GST |
Pledge Invocation per ISIN | ₹100 or 0.05% whichever is high + GST |
Delivery Instructions | |
First delivery Instruction Book | - |
Every additional booklet | ₹100 |
Failed Instructions | ₹10 per instruction + GST |
Which broker is best for demat account?
Choice Broking Demat Account Opening facility is available online as well as offline modes of demat account opening to its customers. Open demat account online India easily by visiting the home page of company and then selecting the “Open free account” option. An individual needs to submit all the necessary details and documents. Best brokerage demat account can either be opened through Jiffy by using the application or website. The Choice Broking account opening process is very instant and paperless with a simple sign-up process completed that can be done within 5 minutes. To know about brokerage charges or brokerage charges of Choice broking in Choice broking
Online Demat Account Opening Process
An individual can easily open online demat account India or mobile application. The process is simple and easy and it just takes few minutes to apply for an account.
Steps to open an account online
1. In the first step, register online on the company website or mobile application.
2. Fill in the details such as name, mobile no. and city.
3. Further, upload the relevant documents along with their passport size photograph.
4. Complete the IPV process i.e. in-person verification procedure.
5. Once the IPV procedure is done, the registration process to open the account gets completed.
6. The customer has to courier POA received on an individual’s registered mail Id to the broker’s office.
7. The documents to be submitted must be verified by the broker.
8. The accounts further gets activated on the completion of the verification of the documents.
9. The customer will receive a mail from the company for activating the account.
Offline Account Opening Process
The customer can open their trading and demat account offline also. They can simply download brokerage account opening form from the company’s website. The customer can also choose to simply walk-in with any of the Choice Broking branch office and get their account opened with them. A representative appointed by the branch will further guide you through the demat account opening process. Through Choice broking demat login you can start trading at best f&o brokerage India charges.
Steps to open a demat account via Offline
1. Download the Choice Broking demat account opening form from the company’s website.
2. Fill in the India demat account opening form correctly by filling in all the personal details.
3. Now, attach the required documents.
4. The customer needs to courier the duly signed form to the broker office for further verification process.
5. After completing the verification process, the Choice broking demat account is activated for trading further.
6. As a confirmation, you would further receive a mail from the company with account details.
The account opening forms are available on the company’s website present in the downloads under the Market section present at the footer of the website.
Documents Necessary for Choice Broking Demat Account Opening Process
A certain set of documents is required before opening a Choice Broking demat account:
1. A copy of PAN Card.
2. A copy of Aadhaar Card.
3. An Address proof.
4. A cancelled cheque.
5. A passport size photograph.
6. An income proof (for the customers interested in derivative trading).
How to close Choice broking demat account?
Download choice broking demat account closure form or choice broking form download from the company website. Fill the required details like name, DP details, the reason for the closure. Select the option whether you want to close only the trading account, only Choice broking demat account, or both the accounts. Submit/Courier the duly filled and sign form to the broker office for choice broking account closure.
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Frequently Asked Questions
No, an individual cannot buy mutual funds by using the Choice Broking mobile application. The company offers a separate trading platform Investica for mutual funds investments. Investica can be easily accessed from the mobile phones or computers through the web browser or mobile app supported on Android and iOS devices.
The Choice Broking charge 0.02% for currency futures trading and Rs.20 per lot for currency in options trading.
The Choice Broking Jiffy application supports the Android and iOS platforms. This mobile application can be further accessed on an Android Smartphone or iPhone but it is not compatible with laptops.
Choice Broking Charge 0.02% for equity, currency and commodity.
NFO (New Fund Offer) is a subscription offer for a new fund launched by the asset management company or mutual fund house to raise the capital. Choice Broking offers its investors the facility to apply for the NFO services through Investica.
Choice Broking auto square- off all the open intraday positions at 3:15 PM.
Yes, Choice Broking stock broker provides its customer to offer the trade and depository services. The company focus and provide the research-based tips and recommendations.
Choice Broking Jiffy is a very secured and trusted application that has a secure retrieval and data storage by using the modern encryption technique (256- bit SSL encryption).
Choice Broking charges 0.20% for equity delivery trade. These trades are known as cash & carry trades.
Choice Broking avails its customers with Investica as a trading platform.
Yes, Choice Broking trading software are safe and secure to use.
Yes, Choice Broking provides the margin funding facility to its customers.
Yes, Choice Broking offers online IPO applications to its customers. IPO offers an early opportunity to buy the shares of the companies that are not previously traded publicly.
Some Key features of Jiffy app are:
• Quick Order placement.
• Live Market Depth.
• Best Stock Screener
• Easy Navigation.
• Insightful Research Reports.
• Live Market Data.
• Customised Charts and Watchlists.
Choice Broking will charge ₹0 annual maintenance charge for trading account and ₹200 for demat account.
Yes, the customer can buy or sell mutual funds if they already hold an account with choice Broking.
Yes, Choice Broking allows its customers to enjoy the facility of margin trading to its customers. The investors can further enhance their buying or selling their power through the MTF Services that is provided by the broker. It is done to utilize the broker funds to a consider the extent to execute the transaction.
Yes, Choice Broking stock broker allows to place the BTST order to its customers. This order enables the customer to sell the stocks before an individual gets its delivery in the demat account.
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