Angel One Demat

Angel One iTrade Premier

Angel One’s Demat account specifications include requirements for account opening, documents needed, and associated charges. To open a Demat account with Angel One, you’ll need to submit a filled application form, identity proof, address proof, and recent photographs. The account opening is currently free. You’ll also need a bank account to facilitate trading transactions.

Key aspects of Angel One Demat account specifications:

Account Opening:
- Free account opening.
- Online application process.
- Offline application available for minors.
Documents Required:
- Proof of Identity: PAN Card (mandatory), Aadhaar, Passport, Voter ID, Driving License, etc.
- Proof of Address: Passport, Voter ID, Driving License, Bank Passbook, Ration Card, etc.
- Proof of Bank Account: Bank statement, cancelled cheque, or online verification through IMPS/reverse penny drop.
Charges:
- Account Opening: Free.
- Annual Maintenance Charges (AMC): For BSDA (Basic Services Demat Account) clients: NIL for holdings up to Rs. 4 Lakh, Rs. 100 + GST/year for holdings between Rs. 4 Lakh and Rs. 10 Lakh. For non-BSDA clients: Rs. 60 + GST per quarter after the first trade.
- Brokerage: ₹0 brokerage upto ₹500 for first 30 days, then lower of ₹20 or 0.1% per executed order, minimum ₹2.
- DP Charges: Rs. 20 + GST per ISIN (Rs. 50 per ISIN for BSDA Clients).
Other Features:
- Access to online trading platforms.
- Ability to hold and manage securities in electronic form.
- Receive dividends, bonuses, and other corporate actions.
- Participate in general meetings and vote on resolutions.
Minor Accounts:
- Opened through offline mode only.
- Operated by natural guardian until the minor becomes a major.
NRI Accounts:
- Can be opened for NRIs, PIOs, and OCIs.
- Requires specific documentation like Passport, PAN card, Foreign Address Proof, and NRI bank account details.