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

Sharekhan Account Opening Charges 2024

Sharekhan account opening charges are Rs 0 (Free) for a trading account and Rs 0 (Free) for Demat account. Sharekhan charge Rs 400 (Free for 1st year) AMC for Demat account.

1. 1. How to open account in Sharekhan?

   There are 2 easy ways to open an account with Sharekhan

   1. Request callback from Sharekhan representative for account opening.
   2. Visit Local Branch or request a call back and their sales representative will call you in few hours.

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2. 2. What type of account Sharekhan offers?

   Sharekhan offer 4 types of accounts to suite customers need:

   • First Step (for Beginners)
   • Classic (for Investors)
   • Trade Tight (for Active Traders)
   • Advisoty (for HNI's)

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3. 3. Can I have more than 1 trading account with Sharekhan with same name?

   No, Sharekhan doesn't allow to have multiple trading accounts with the same.

   But you could open a trading account with a different stockbroker with the same name.

   For Example;

   1. Sanjiv Singh (PAN # AHAPK1900J) cannot have 2 trading or demat accounts with Sharekhan.
   2. Sanjiv Singh (PAN # AHAPK1900J) can have a trading and demat account with Sharkhan and another trading and demat account with ICICI Direct.

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4. 4. How to open demat and trading account with Sharekhan?

   Sharekhan offers 2-in-1 account which includes a demat and a trading account. To open a demat account and trading with Sharekhan, leave your phone number and one of their sales representative will contact you. They will also arrange a brief demo on your request.

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5. 5. Can I have more than one demat account with Sharekhan?

   Yes, customer can have as many demat account as they want with Sharekhan. But note that only 1 trading account is allowed to an individual.

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6. 6. Is Sharekhan good for Mutual Funds?

   Sharekhan is among the most trusted mutual fund providers in India. They assign a personal relationship manager providing investment advice and tips to the individual clients.

   Here are a few things that make Sharekhan mutual fund a good platform-

   • It doesn't charge any brokerage, entry load and commission.
   • Quick invest section helps to search the best mutual funds with various screening criteria.
   • Fund selector to make selection easy, convenient and super fast.
   • Superfund screener with more than 3 filters for smart fund selection
   • Investors can open an instant paperless Sharekhan Mutual Fund Account and start investing instantly.
   • Sharekhan provides Robo advisor, NEO tool to offer the best fund advice to meet financial goals
   • It provides in-depth research analysis to help you create better investment strategies.
   • Sharekhan doesn't charge additionally on SIP transactions as compared to banks and other distributors.
   • Investors get timely recommendations on their investment portfolio based on the risk profile.
   • Customers can visit 157 branches and 2450+ network partners for investment advisory.
   • It offers dedicated online customer support to promptly solve your investment-related problems.
   • It has Sharekhan Classroom which is an online resource to learn the basics of investing in mutual funds.

   On the other side, they do not offer Direct Mutual Funds unlike discount brokers Zerodha and 5paisa. Direct Mutual Funds give additional benefits to investors (around 2% yearly) as the Mutual Fund AMC doesn't have to pay commission to the agents like Sharekhan.

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7. 7. How to close Sharekhan Demat account?

   The Sharekhan demat account involves brokerage fees, transaction fees and maintenance fees. So it's wise to close inactive demat account. Closing a demat account is a very simple process. It involves visiting the DP office or branch and submission of the form and supporting documents.

   For closing the Demat account, you need to fill up an Account closure request form. You can download it on your DP's website or from your broker website. There are a few conditions which need to be fulfilled:

   1. There should not be any security in your demat account, else transfer them before submitting closure request.
   2. All account holders must sign the request letter.
   3. Any negative cash balance of your account, non-payment of the previous account, maintenance charges needs to be cleared.
   4. Also, you need to submit back your unused delivery Instruction booklet slips.

   Once submitted, mostly it takes 2 to 3 days for the account to be closed. There are no charges for account closure.

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8. 8. What is Sharekhan account?

   Sharekhan is one of the oldest and most popular stock brokers. It offers a wide range of trading and investment products to retail investors. To trade or invest with Sharekhan, you have to open an account with Sharekhan.

   Sharekhan Trading Account

   It is a 2-in-1 account (trading + demat account) that can be used for online and offline trading. All customers need to link their savings bank account with the 2-in-1 account. This account offers trading in equity, commodity and currency IPOs, Mutual Funds and Portfolio Management Services (PMS).

   The Sharekhan trading account gives traders access to various stock exchanges and places orders in securities of their choice. The demat account is an online repository to hold all the securities bought through the trading account. Sharekhan is a depository participant with NSDL and CDSL.

   Sharekhan Account Types

   Sharekhan offers a variety of accounts to its customers. Each account is meant for a certain trader type- beginner or experienced. The popular Sharekhan account includes:

   1. Sharekhan First Step Account

      Designed for new traders, the program takes you through the basics of the stock market, helps you understand various products and trade online confidently.

   2. Sharekhan Investor Classic Account

      Designed for experienced traders, the account offers various trading facilities like real-time stock prices, online cash transfer and instant order execution. It also provides in-depth market analysis along with stock recommendations with profit targets.

   3. Sharekhan Trade Tiger Account

      This account gives you access to Trade Tiger, an installable trading platform, that provides advanced trading features like Multiple International MarketWatch, 24 hour Market Access, One-Click Filter and Unlimited Charts etc.

   4. Portfolio Management Services (PMS)

      This account is meant for investors who need professional assistance in creating and managing an investment portfolio. The minimum initial investment amount is Rs. 50 Lakhs.

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9. 9. How to open Sharekhan account?

   You could open a Sharekhan account in 2 ways:

   1. Request a Call Back Online

      Click here to fill a callback request form. You will receive a call from Sharekhan in few minutes. The customer representative will answer all your questions and help you with account opening.

   2. Visit Local Branch or Partner Office

      Sharekhan has local branch offices or sub-brokers in many cities across India.

      • Go to https://stockbroker-branch.sharekhan.com/
      • Enter state, city and locality
      • Click on the Sharekhan icon nearest to your location and get details on branch office/sub-broker
      • Call them and express interest to open an account
      • A representative will visit you to complete the formalities.

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10. 10. What is my Sharekhan login id?

    A login ID is alphanumeric (a combination of characters and numbers) word which you need to enter along with the password to login to your Sharekhan account. The login is provided in the welcome kit sent while opening the account.

    Alternatively, you can use the email ID registered with the company in place of login ID.

    Steps to get Login ID

    1. Open sharekhan.com website in a web browser.
    2. Click the Login/Trade button in the top right.
    3. Click on the Forgot ID link
    4. Check on login ID
    5. Enter your Mobile number or Email.
    6. Validate the captcha code
    7. Click the SUBMIT

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11. 11. How to change the trading password in Sharekhan?

    Sharekhan customers can get the login id or change password by submitting an online request.

    Steps to change Sharekhan password

    1. Log in to the Sharekhan.com website or mobile app.
    2. Click 'Change Trading Password' in the My Profile section.
    3. Enter the required details like the new password and click Submit
    4. Re-login with the new password

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12. 12. How to unlock Sharekhan account?

    In the Sharekhan website or mobile app, if you enter an incorrect password 3 consecutive times, your account will get locked. You can unlock your account by sending an email to myaccount@sharekhan.com from your registered email address requesting to unlock the account. Your account will be unlocked which you can access by entering the correct password.

    In case you have forgotten your id or trading password, you can change online on Sharekhan website or mobile trading app using the following steps:

    Step to get forgotten Sharekhan User ID

    1. Open sharekhan.com website in a web browser.
    2. Click the Login/Trade button in the top right.
    3. Click on the Forgot ID link
    4. Check on login ID
    5. Enter your Mobile number or Email.
    6. Validate the captcha code
    7. Click the SUBMIT

    Steps to reset Sharekhan password

    1. Log in to the Sharekhan.com website or mobile app.
    2. Click 'Change Trading Password' in the My Profile section.
    3. Enter the required details like the new password and click Submit
    4. Re-login with the new password

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13. 13. How to deactivate Sharekhan account?

    Sharekhan account can be deactivated or closed by visiting the local branch office or by sending a signed paper form to the Sharekhan office. Note that the Sharekhan account cannot be closed online, over the phone, by online chat or by sending an email.

    Sharekhan has branch and franchise offices in most of the cities across India. You can find the location of a Sharekhan office in your city from the 'Contact us' section on the Sharekhan website.

    Steps to deactivate Sharekhan account Offline

    1. Contact your RM or visit the local branch office.
    2. Request for an account closure form.
    3. Fill the form and sign it.
    4. Attach all the unused DIS slips.
    5. Submit the form in the office or courier it to the address mentioned in the form.

    Note:

    • For a joint account, all account holders must sign in the form.
    • It takes up to 7 working days to process the application. You will receive a confirmation letter within 15 days. In case you don't get the confirmation letter in 2 weeks then follow up with the customer support.

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14. 14. How to recover Sharekhan login id?

    If you have lost or forgotten your Sharekhan login id, you can get it delivered on your mobile or email ID at any time by submitting an online request.

    Steps to recover Sharekhan Login ID

    1. Visit the Sharekhan website.
    2. Click the Login/Trade button in the top right.
    3. Click on the Forgot ID
    4. Check on Login ID.
    5. Enter your Mobile number or Email.
    6. Validate the Captcha Code.
    7. Click the SUBMIT

    The login will be sent to your mobile or email as per your choice.

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15. 15. How to open commodity account in Sharekhan?

    If you are new to Sharekhan and would like to open a commodity account, please follow one of the steps below:

    1. Request a Call Back Online
       • Click here to fill a callback request form.
       • You will receive a call from Sharekhan in few minutes.
       • The customer representative will answer all your questions and help you with account opening.
    2. Visit Local Branch or Partner Office

       Sharekhan has local branch offices or sub-brokers in many cities across India.

       • Go to https://stockbroker-branch.sharekhan.com/
       • Enter state, city and locality
       • Click on the Sharekhan icon nearest to your location and get details on branch office/sub-broker
       • Call them and express interest to open an account
       • A representative will visit you to complete the formalities.

    If you already have a Sharekhan trading account, you just need to activate trading in the commodity. Contact Sharekhan customer care on-call or by visiting the branch. They will help you enable MCX trading.

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16. 16. How to open Sharekhan account online?

    Sharekhan account includes two types of accounts - demat and trading.

    The request to open both accounts is made in a single application. This process can be done both online and offline.

    Simply go to the Sharekhan website and select the "Account Opening" tab to initiate the account opening process.

    In the application form, enter your name, mobile number, city of residence and email address ID.

    Once you have entered the data, click "Submit".

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17. 17. How to open Sharekhan demat account online?

    To open a Sharekhan Demat account online, you need to follow the steps below:

    1. Visit the Sharekhan website.
    2. On the website's dashboard, go to "Open an Account." This is located in the upper right corner.
    3. In the pop-up window on the screen, choose how you want to open the account, either 100% digitally or by visiting you at home or work.
    4. If you choose the "visit" option, you will need to provide your name, mobile number, email address ID, location and zip code so that a Sharekhan representative can call you back to open the account.
    5. In case of digital account opening, click on "Start Now". This will redirect you to the account opening application form.
    6. Enter your basic details such as name, mobile number, email ID and city and click on the "Start" button to process your application.
    7. Upload the required documents for opening a demat and trading account.
    8. The documents will be reviewed by the stock broker.
    9. After your documents are reviewed, your demat and trading account will be opened and activated.
    10. A welcome package will be sent to you to set up the account.

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18. 18. Can we open a Sharekhan account online?

    Yes, you can apply to open an account with Sharekhan for investment and online trading. The process is simple and easy. Follow the steps below to open an account with Sharekhan:

    1. Go to the Sharekhan website.
    2. Click on the "Open an account" button.
    3. Click on "Start Now" You will then be redirected to the "Open a free* demat and trading account in 15 minutes" page.
    4. Enter your basic details such as name, mobile number, email ID and city and click on the "Start" button.
    5. Upload some documents and enter information like Adhar, PAN card, signature, photo, address proof, income proof and bank details.
    6. Your demat and trading account will be opened and activated after verification.
    7. You will receive a welcome package to set up the account and you can start trading through Sharekhan's online trading platforms like mobile app and desktop app.

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