To invest in Share Market in India, Everyone should Open Demat and Trading Account.

What is Demat Account?

A Demat or dematerialize account is an account which is required for holding shares or securities of any other nature in electronic form instead of paper format. An investor purchases and sells securities through the Trading Account and after T+2 days the securities are transferred to the Demat Account.

What is Trading Account?

A trading account is an investment account used to buy/ sell shares in share market or we can say for purchasing/execution listed securities in share market trading account required. A bank account is linked with your Elite trading account and the holder of the elite trading account can transfer the funds directly into his/her trading account via net banking from his/her account. On having the clear balance in your trading account you can buy shares, which further gets transferred to your demat account with elite wealth ltd.

What is Dematerialization?

A process through which you can convert your physical shares into electronic format is called Dematerialization.

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    Why should open Demat & Trading Account?

    • According to SEBI Instruction, It is mandatory to open Demat Account to buy and sell stocks in digitized form.
    • It gives you up a large range of securities to investment in share market.
    • You can Track your portfolio performance with the help of Demat account.
    • It can helps you to access live market data & make in-depth analysis of your investments.
    • It allows you to set instructions to buy/sell shares automatically at specified prices.

    Benefits to opening an online demat account with Elite Wealth

    • Demat Account with Lifetime AMC
    • Mobile App
    • Low Brokerage Plans
    • Trade in Equity, Derivatives and Currency
    • Excellent Research
    • Delightful trading experience with seamless transition between Trading, Demat and Bank accounts
    • Call n Trade Facility
    • Upcoming IPO updates
    • Dedicated Customer Care
    • Online access to the account on all days
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    Demat & Trading Account Offers:

    Offer 1:

    Open FREE* Demat & Trading Account The annual maintenance charge for the first year is FREE. From the second year onwards AMC, you will be charged Rs. 399/- + tax as applicable per year.

    Online Account Opening

    Offer 2:

    Open Demat & Trading Account with Life Time Free AMC just Rs. 599/-

    Online Account Opening

    Offer 3: (Offline Mode)

    Elite Fantastic Five Investment Account

    Open Fantastic Five Investment Account Rs 1200/- through Elite Wealth Ltd. Delhi & Get 5 in 1 Benefits which Includes

    • Demat Account with Lifetime Free AMC
    • Trading Account
    • Online Mutual Fund
    • National Pension System (NPS)
    • E-Insurance (NIR)

    How do you Open Demat Account with Elite Wealth?

    Here are 5 Simple steps to open Demat and Trading Account.

    Step 1: Download and fill up an account opening form

    Download Account Form

    Step 2:  Along with the account opening form, you must enclose self attested  photocopies of some documents:

    • Proof of identity (AADHAAR CARD),
    • Proof of address (PAN CARD, AADHAAR CARD),
    • Four recent passport size photographs.

    Step 3: Print the forms, sign them and courier them to our Corporate Office:

    Elite Wealth Ltd.
    S-8, DDA Shopping Complex,
    Near Jeevan Anmol Hospital,
    Mayur Vihar Phase-1,  Delhi-110091

    Step 4: In person verification by an Employee of the Depository Participant

    Step 5: Once the application is processed, Account Number, client Id and other necessary details provided by the Depository Participant (DP).

    To pay account opening charges / Fee, make a cheque (According to Above Schemes) in favor of Elite Wealth Ltd. Delhi.

    For any query regarding Demat Account Opening visit Account Opening FAQs
    You can also call us on 011-42445800 / 9650901058 from 9:00 a.m. to 6:00 p.m. further, you can also mail to us on contact@elitewealth.in

    Regular trading and investment suggestion through Email, SMS & Whatsapp Invest or Trade Any time Any where across devices like Mobiles, Tablets & Laptops.

    Ans. A Demat Account helps the investors hold shares and securities in electronic format. This kind of account is also called a dematerialised account. It also helps to keep a proper track of all the investments an individual makes in shares, exchange-traded funds, bonds and mutual funds in one place.

    Ans. A trading account is used to purchase and sell shares in stock markets. Once you have a Demat Account, and want to sell your shares, or purchase new securities, you need a Trading Account. Your Trading Account will have a unique trading number, which will be used to trade in shares.

    Ans. C-KYC stands for Central KYC, a process storing the KYC records of the customer centrally. The programme was announced by the Government of India in the 2012-13 Union Budget and went live in July 2016. With Central KYC (cKYC) program, once you finish the KYC process with an entity authorized to conduct KYC, it will be sufficient for you to invest in all the other financial products including Mutual Funds. Central KYC (cKYC) is being managed by The Central Registry of Securitization and Asset Reconstruction and Security Interest in India (CERSAI).

    You need to give your one passport size photograph, pan card and valid address proof along with CKYC form for CKYC registration.

    Ans. With a view to bring uniformity in the KYC requirements for the securities markets, SEBI has initiated usage of uniform KYC by all SEBI registered intermediaries. In this regard SEBI has issued the SEBI {KYC (Know Your Client) Registration Agency (KRA)}, Regulations, 2011. KRA provides for centralization of the KYC records in the securities market. The client who is desirous of opening an account/trade/deal with the SEBI registered Intermediary shall submit the KYC details through the KYC Registration form and supporting documents. The Intermediary shall perform the initial KYC and upload the details on the system of the KYC Registration Agency (KRA). This KYC information can be accessed by all the SEBI Registered Intermediaries while dealing with the same client. As a result, once the client has done KYC with a SEBI registered intermediary, he need not undergo the same process again with another intermediary.

    You need to give your one passport size photograph, pan card and valid address proof along with kyc form for KYC registration in KRA.

    Ans. Power of Attorney is authority given by Demat account holder to us. In that authority you will give the right to us that we can directly debit the shares from your account and provide to the exchange only for Pay-in of securities or against margin obligation.

    Ans. 1 -For Individual Account

    • Pan Card
    • Address Proof ( Aadhaar card , Driving licence , Voter Id card, Passport, Bank statement)
    • Passport size photograph
    • Nomine Id proof ( Pan / Aadhaar)
    • Cancelled cheque( If account opening charges paid online than we will receive cancelled cheque otherwise required Amounted cheque)

             2-For Corporate Account

    • Copy of the balance sheets for the last 2 financial years (to be submitted every year).
    • Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary/Whole time director/MD (to be submitted every year).
    • Photograph, POI, POA, PAN and DIN numbers of whole time directors/two directors in charge of day to day operations.
    • Photograph, POI, POA, PAN of individual promoters holding control-either directly or indirectly
    • Copies of the Memorandum and Articles of Association and certificate of incorporation.
    • Copy of the Board Resolution for investment in securities market.
    • Authorised signatories list with specimen signatures.

         3-For HUF Account

    • PAN of HUF.
    • Deed of declaration of HUF/ List of coparceners.
    • Bank pass-book/bank statement in the name of HUF.
    • Photograph, POI, POA, PAN of Karta

           4-For NRE/ NRO account

    • Passport size photographs.
    • Pan card (self-attested).
    • Address proof self-attested (Indian and the other country where the person is residing).
    • PIS letter from bank.
    • Bank proof (it should be either cheque or bank passbook with latest transactions).

     *In case client wants to trade in derivatives than latest six month bank statement required

     

    Ans. Steps given below:

    *Required Information & documents for online Account Opening

         –  PAN details

    – Aadhaar details to complete EKYC for ESign

    – Aadhaar linked mobile number for OTP authentication

    – Bank Account details such as Bank Account number and IFSC

    Soft copy of following documents:

    • PAN card. (JPEG & PNG Format, Size 2mb)
    • Signature on white paper. (JPEG & PNG Format, Size 96kb)(Scanned, cropped and clearly visible. Signature should cover 90% of screen)
    • Cancelled Cheque leaf. (JPEG & PNG Format, Size 2mb)
    • Bank account statement. (PDF Format, Size 2mb)

    Ans. Yes, you can use email id and mobile number of your family members. You can use the email ID/ mobile number of the family members as listed below:

    – Spouse

    – Dependent children

    – Dependent parents

    In such cases you just need to give undertaking for using the same email id and mobile number and it is available in the Account opening form. You can’t use email id and mobile number of your cousin’s, neighbour’s and your friends.

    Ans. Yes,you have to fill the name mismatch declaration form in the Account opening form.

    Ans. Yes, you can give correspondence address proof but in such case you have to give your permanent address proof also.

    Ans. Yes, but in such case you have to show your relation proof like marriage certificate, passport etc

    Ans. Yes, but all Bank proof’s (cancelled cheque) need to be given and your name should be printed on cheque

    Ans. Yes, but all bank proof’s (cancelled cheque) need to be given. But only one Bank account will be act as primary Bank in which automatically the payout will be transferred and in case you want in other Bank account as per our records then you need to write an email at customercare@elitewealth.in for the same.

    Ans. No you can’t give bank details of 2nd person. You have to give your own bank details to us. You can give joint bank account details.

    Ans. Yes. But in trading account you have to give your demat account details. Another problem you will face is that you cannot sell your securities from your trading account with us before transferring the securities in our pool account.

    Ans. Yes, you can change nominee by submitting the nomination form.

    Ans. Yes, you can change your signature. You just need to give a request letter for signature change and new signature should be duly attested by your bank manager.

    Ans. Trading account can’t be open jointly but demat account can be open in the name of two or more.(Max. 3 Holders)

    Ans. As per the law of SEBI when any person wants to open a trading or demat account then one person of the broking firm has to meet the person personally and verify his/her original documents. This process we called in-person verification. Yes this process is mandatory. Since we provide online facility for account opening we verify your original documents via skype or any other online facility.

    Ans. DIS is delivery instruction slip. It is required for transfer of shares and at the time of transactions in a Demat account. It is the authorization you are giving to your depository participant to debit the shares from your account. It will be used only when you have not given Power Of Attorney and if you want to transfer your shares from one Demat account to another Demat account offline.

    Ans. For Trading minimum age should be 18yrs and for Demat account there is no minimum age limit.

    Ans. Documents required for opening minor’s Demat account.

    • Pan card
    • Address proof
    • One passport size photograph
    • DOB proof (birth certificate in language Hindi or English)
    • Bank proof (name printed on that)
    • Guardian’s Pan card
    • Guardian’s address proof
    • Guardian’s photograph

    Ans. FATCA stands for the Foreign Account Tax Compliance Act. It is a declaration by each individual / corporate etc .that they don’t have any foreign accounts or funds routed from foreign etc.

    Ans. Yes, we will consider this bank account but you just have to give “No Objection letter” from 1st holder so that 1st holder does not have any objection that you are using his/ her account for trading purpose with us and this letter can be given on a plain paper duly signed by the 1st holder.

    Ans. Yes, Minor can be nominee. You have to give guardian details in case of minor in the nomination form.

    Ans. Yes, but in such case you have to declare the ratio of part of your holdings that you want to give your nominee. Nomination form is available in our KYC Misc Forms section on our website www.elitewealth.in

    Ans. No. Minor cannot be a joint holder in a demat account

    Ans. No, You can’t appoint authorize person on your behalf for trading activity in your account

    Ans. We open an account in following segments:

    • Equity
    • Derivatives
    • Currency
    • Commodity

    Ans. Yes, HUF Karta can trade and invest in stock, commodity and currency markets similar to individual trading account. A trading and a demat account can be opened on the name of HUF. For HUF Trading and Demat account, a HUF PAN Card and HUF Bank Account is mandatory.

    Ans. Once your account is opened with us you will get your user id and password on your email id and also in your welcome letter.

    Ans. Nomination can be made only by individuals holding beneficial accounts either singly or jointly. Non-individuals including society, trust, body corporate, Karta of HUF, holder of POA cannot nominate.

    Ans. Your account will be activated within 24 hours from the day we receive your completed form along with all the required documents.

    Ans. Welcome letter will be reached at your address within 10 days of open an account with us.

    Ans. You will get DIS booklet and welcome letter in which the details are mentioned like your user id and password, your back office login id and password, your client code and your RM name etc.

    Ans. No. Because the purpose of sending welcome letter at your address is verifying your address

    Ans. Before you close your Demat account with your Depository Participant, please ensure the following:

    1. All your existing shares and securities are transferred to your Elite Wealth Demat account
    2. All your negative cash balances (arising due to non-payment of AMC or transfer charges) are settled with the Depository Participant
    3. In order to close your existing Demat account, you will have to submit a duly filled account closure form that can be found on the website of your Depository Participant. It typically takes around 7 to 10 business days to close the account once you have completed all the required formalities.

    Ans. Download account closing form from our website www.elitewealth.in and fills the same and submit to us

    ce you have completed all the required formalities.

    Ans. No, The depository has not prescribed any minimum balance. You can have zero balance in your demat account.

    Online Updation Email ID and income range for Demat Account – NSDL Click Here