Do you want to start investing in the stock market in India? If so, you need to open an account with a stockbroker. A stockbroker is a company that acts as an intermediary between you and the stock exchange, and helps you buy and sell shares and other securities.
One of the most popular and reputed stockbrokers in India is Angel Broking. Angel Broking is a full-service broker that offers a variety of investment products and services, such as equity, derivatives, mutual funds, IPOs, commodities, currency, and more. Angel Broking also provides online trading platforms, research reports, advisory services, and customer support to its clients.
In this blog post, we will show you how to open an account in Angel Broking in 2023. We will guide you through the steps of opening an account in Angel Broking, including what documents you need and what is the KYC process. Whether you are a beginner or an expert, you can use this tutorial to open an account in Angel Broking.
What is Angel Broking?
Angel Broking is a leading stockbroker in India that was founded in 1987. It has more than 1 crore clients and over 11,000 sub-brokers across the country. It is a member of the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), the Multi Commodity Exchange (MCX), and the National Commodity and Derivatives Exchange (NCDEX).
Angel Broking offers both online and offline trading services to its clients. It has a user-friendly website and mobile app that allow you to trade anytime and anywhere. It also has a network of branches and sub-brokers that provide personalized assistance and guidance to its clients.
Angel Broking charges a flat fee of Rs. 20 per order for online trading, regardless of the size or value of the order. This makes it one of the most affordable brokers in India. It also offers free account opening, free demat account, free research reports, and free advisory services to its clients.
What are the benefits of opening an account in Angel Broking?
Opening an account in Angel Broking can give you many benefits, such as:
- Access to a wide range of investment products: You can trade in equity, derivatives, mutual funds, IPOs, commodities, currency, and more with Angel Broking. You can also invest in digital gold, US stocks, ETFs, bonds, and more with Angel Broking.
- Competitive trading fees: You can save money on brokerage fees by paying a flat fee of Rs. 20 per order for online trading with Angel Broking. You can also enjoy free account opening, free demat account, free research reports, and free advisory services with Angel Broking.
- Dedicated customer support: You can get 24/7 customer support from Angel Broking through phone, email, chat, or social media. You can also get personalized assistance and guidance from their branches and sub-brokers across the country.
- Online trading platforms: You can trade online using the Angel Broking website or mobile app. The website and app are easy to use and have features such as live market updates, charts, indicators, watchlists, portfolio tracker, alerts, etc.
- Research and advisory services: You can get access to quality research reports and recommendations from Angel Broking’s team of experts. You can also get tips and strategies from their blogs, videos, podcasts, webinars, etc.
How to open an account in Angel Broking
To open an account in Angel Broking, you need to follow these steps:
- Visit the Angel Broking website (https://www.angelbroking.com/) or download the Angel Broking app from Google Play Store or Apple App Store.
- Click on the “Open an Account” button or scan the QR code on the website or app.
- Enter your name, email address, mobile number, city, and PAN number.
- Verify your mobile number with an OTP (one-time password).
- Enter your date of birth and gender.
- Select your bank name from the list and enter your bank account number and IFSC code.
- Upload scanned copies or photos of your PAN card, Aadhaar card (front and back), cancelled cheque or bank statement (with IFSC code), signature (on a white paper), and income proof (optional).
- E-sign your application form using Aadhaar-based OTP verification.
- Review your details and submit your application.
What documents do you need to open an account in Angel Broking?
To open an account in Angel Broking, you need the following documents:
- PAN card: This is a mandatory document for identity proof and tax purposes.
- Aadhaar card: This is a mandatory document for address proof and KYC verification.
- Cancelled cheque or bank statement: This is a mandatory document for bank account verification and fund transfer.
- Signature: This is a mandatory document for authorization and agreement.
- Income proof: This is an optional document for trading in derivatives or commodities. You can use your salary slip, IT return, bank statement, etc. as income proof.
You need to upload scanned copies or photos of these documents on the Angel Broking website or app. You can also send them by email to [email protected] or by courier to their registered office address.
What is the KYC process for opening an account in Angel Broking?
KYC stands for Know Your Customer, which is a mandatory requirement for all stockbrokers in India. KYC is a process of verifying your identity, address, and other details before opening an account with a stockbroker.
Angel Broking has a simple and fast KYC process that you can complete online using your Aadhaar card. You just need to e-sign your application form using Aadhaar-based OTP verification. This will verify your details and complete your KYC process.
You don’t need to visit any branch or submit any physical documents for KYC verification with Angel Broking. However, if you don’t have an Aadhaar card or if your Aadhaar card is not linked to your mobile number, you may need to visit a branch or send physical documents for KYC verification.
Conclusion
We hope this blog post has helped you learn how to open an account in Angel Broking in 2023. As you can see, opening an account in Angel Broking is a simple and easy process that you can do online.
If you have any questions or suggestions, feel free to leave a comment below. And if you found this blog post useful, please share it with your friends and colleagues who may need it.