Open Dhan Account (Dhan Account Opening Process, Documents and Charges)

The Dhan Account Opening process is a completely online account opening facility. You can open the Dhan account online in just 10 minutes or less; Thus, the Dhan account opening experience is aligned with their tag line which is Lightning Fast Experience.

Some of the crucial benefits that come packed with the Dhan Demat/Trading Account are:

• Account opening - FREE & Easy
• No AMC (Annual Maintenance Charges)
• Open your demat in less than 10 mins
• Trade/invest seamlessly with industry first features

Dhan account opening charges for trading and demat accounts are Rs 0. You can open a free 2-in-1 account with Dhan. There is also a relief for Dhan customers on Annual Maintenance Charges (AMC) as the charges are Rs. 0. This allows users to trade and invest without the additional cost of AMC.

Dhan offers the following investment products on its online trading platform: Equity/Shares, ETFs, Derivatives (Futures & Options), Commodities and IPOs.

Dhan Account Opening Process

Here we will learn about the process of opening a Dhan demat and trading account. There is no separate process for each of the accounts, they are processed simultaneously.

The process starts on the Dhan website or mobile app, where the company has provided a simple and well-sorted account opening form.

1. Steps for Online Account Opening Process:

• Go to the Dhan website or download Dhan Mobile App.
• Click on the Open Demat Account tab on the home page.
• Verify the mobile number and email address by entering the OTP received.
• Set a 6-digit pin code for your account.
• If you have a referral code, enter it.
• For Documentation and KYC process submit
  1. Pan Card (Mandatory) and fill in the PAN details.
  2. For address proof submit either Adhar, Driving License, or Passport.
  3. Take a live selfie or upload your picture.
  4. Upload the signature picture.
• For account declaration, you need to add your annual income, profession and trading experience.
• If you want to activate Future & Option, you can upload the income proofs or skip this step.
• Enter the Bank account details like IFSC code and account number.
• Dhan will send you Rs 1 to verify your bank account.
• On the E-sign page, Enter the Adhar number and verify it by the OTP sent on your mobile number.
• You can set a password for your Dhan account.
• Account opening process is completed at your end.
• Dhan Team will verify and process your KYC.
• The Dhan team will email you the account opening details and login details.

2. Steps for Non Individual Account Opening (Offline)

• The investor must send an email to onboarding@dhan.co with the information of his or her interest in opening a Demat and Trading account. (For example, HUF, Corporate, Partnership Firm, LLP, and Trust).
• The Dhan onboarding team will provide a checklist for sharing soft copies of documents through email for Demat and Trading account opening verification.
• Once the document verification is completed, the Dhan team will send an email with a pre-filled account opening form.
• The investor must take a printout of the prefilled forms and validated supporting documents, which must be stamped and signed by the Authorized Signatories in accordance with the Board Resolution.
• After stamping and signing, the investor must provide a soft copy of the prefilled and verified documents to onboarding@dhan.co.
• After receiving an email confirmation from Team Dhan, the investor must send the signed and stamped AOF along with the supporting documents by courier to the head office for further processing.
• For tracking purposes, the investor must send information about the shipment by email.
• After receiving the documents at the Head Office, the trading and demat accounts will be opened within 24-48 working hours.
• After account opening, the Dhan team will send an email with account opening information and login credentials.

Dhan Non-Individual Account Charges

Dhan facilitates account opening for non-individuals through an offline process. Dhan primarily assists with opening corporate and HUF accounts. Dhan is working to revolutionize the account opening process for non-individuals and make it online for the convenience of users. The charges for opening corporate and HUF accounts are listed below:

Dhan Account Closure

Closing the Dhan account is done in a few steps and the account will be permanently closed.

To download the Dhan account closure form, follow the steps below:

1. Open Dhan website
2. Click on Download Center
3. Open Account Closure Form

Customers must fill out a Dhan Closure Form to close their accounts.

As of now, the account closure form only needs to be submitted in physical form, there is no online option.

Before you start closing your demat and trading account, make sure your dues are cleared. Transfer all holdings to another account before closing the account.

The company does not charge any fees for account closing and has Rs.0 AMC lifetime, you can keep the account active without paying AMC.

Dhan Demat Account Refer and Earn

To encourage customers to engage more of their friends and family members with Dhan, the company started its Refer and Earn Program. In this program, the customers can earn rewards just by referring to Dhan. All they have to do is share a link, and for each unique account opening, interesting rewards are credited to the customer's account.

The referral bonuses are shared in the form of brokerage sharing. When an account is successfully opened through the referral link, the referrer receives 20% of the brokerage fees paid by the referred customer, for life.

Example: Your friend opened the account by clicking on the referral code you provided. Now when your friend completes a transaction and pays a brokerage of Rs 20 for the trade, you get 20% of the brokerage generated. You get 20% of Rs 20, i.e. Rs 4. This referral and earning program is valid for life.

Frequently Asked Questions

Dhan Competitors Review

Information on this page was last updated on Monday, July 8, 2024