Anand Rathi Demat Account Charges, Review, Opening

Anand Rathi Demat Account Opening Charges

To open a new Demat account with Anand Rathi, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

Anand Rathi Demat Charges

Anand Rathi trading and demat account opening fees are Rs 0 (Free). Anand Rathi charges 450 + GST 18% = 532 (1st year free) per year demat account AMC. Anand Rathi demat debit transaction fee of

• Rs 15 Per ISIN [For POA clients]; Rs 25 Per ISIN [For Non POA clients]

• Off-market Transfer within AnandRathi Minimum Rs 25 and Maximum Rs 500 or 0.025% of the market value

1. 1. What is Anand Rathi Demat account and Why do I need it for trading?

   A Demat account is like your bank account that is used to hold securities like shares, Mutual Funds etc. It is an online repository.

   You need a Demat account for trading. When you buy shares, the shares are held in this Demat account. It is debited from the account when you sell it.

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2. 2. I have a Demat account with another broker. Do I need to open another Demat account with Anand Rathi?

   Yes, as per new SEBI regulations, it is mandatory to open a Demat account with a trading account.

   You need to transfer the holdings from the old Demat account to the newly opened Demat account with Anand Rathi to sell from Anand Rathi. Alternatively, if there is no AMC levied on the old Demat account, you can retain the holdings there and sell through the existing trading account.

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3. 3. Can I open a Minor Demat Account with Anand Rathi?

   Yes, you can open a minor demat account. For opening a Minor Account, either of the parents needs to be appointed as a legal guardian. The legal guardian's documents need to be provided for account opening.

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4. 4. How to modify Anand Rathi demat account details?

   Steps to modify account:

   • Clients can modify demat account details online after logging into the Trade Mobi Application.
   • Click on the menu on Left hand side >>> Support >>> Update Profile.

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5. 5. How to activate a dormant Anand Rathi Demat Trading account?

   Clients can reactivate their trading and demat accounts online after logging into the Trade Mobi Application.

   Click on Left-hand side Menu >>> Support >>> Update Profile >>> Dormant Re-Activation.

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6. 6. How can I access my Anand Rathi Demat Account?

   You can access your Demat account by using Anand Rathi's online trading platforms or by visiting the nearest Anand Rathi branch office.

   Steps to login into Anand Rathi Demat account

   1. Download the mobile app or open the Trade Xpress website.
   2. Enter your User ID and password
   3. Enter PAN number to Date of Birth.
   4. Click on Login.

   Steps to close the Anand Rathi account

   1. Download the closing form as per your account depository participant: CDSL or NSDL
   2. Print and fill in the details like account holder information, DP ID, reasons for closing, signature, etc.
   3. All the account holders have to sign the form. A POA holder cannot sign the form.
   4. Submit it to the nearest branch or courier it to their HO.

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7. 7. How to close Anand Rathi's Demat account?

   Your Anand Rathi Demat account cannot be closed online. To close your Demat account, you need to submit a paper-based account closure form to the nearby branch office of Anand Rathi.

   Before you initiate the account closure process, please make sure to do the following things:

   1. Empty your Demat account by transferring all your securities into another account.
   2. Close all the open positions placed from this trading account.
   3. Clear all unpaid dues, if any, with the broker.

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8. 8. Where to find Anand Rathi Demat closure form?

   Anand Rathi Demat account forms are available on its website. Anand Rathi is a member of CDSL and NSDL depositaries. Thus, Anand Rathi provides separate forms for both depositaries.

   Customers can find the forms listed below in the 'Quick Links' section of the Anand Rathi website.

   Download the below-mentioned forms as per your account holder: CDSL or NSDL

   For closing trading accounts, download this form:

   Trading Account Closing Form

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9. 9. How to modify Anand Rathi's Demat account details?

   You can modify your Demat account details like contact number, Bank and Address details. To change your Anand Rathi account details, you need to take the following steps-

   1. Download the 'Account Modification' form (The form is available at Quick Links Downloads).
   2. Fill in the existing as well as new details.
   3. You need to attach documents to change bank and address details:
      • Bank details: Attach a copy of cheque with the name printed,
      • A copy of the bank passbook, a copy of the bank statement of accounts duly attested by bank authorities not older than 4 months with a cancelled Cheque.
      • Address details: Attach a copy of your Ration card, Passport, Voter ID card, Driving license, Bank passbook, and Electricity bill (not more than 3 months old)
   4. Send the form to the company address or submit it at your nearest Anand Rathi branch office.

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