Nuvama (Edelweiss) FAQs (Frequently Asked Questions)

The process of changing the bank account in Edelweiss is a manual process wherein you will have to download a filled PDF form, print it, sign it, attach supporting documents and send them to the Edelweiss office. You could also visit the local branch of Edelweiss and submit a request to change the bank account detail.

Steps to change bank account in Edelweiss

1. Login to the Edelweiss website or mobile app.
2. Click on the 'Profile Image' in the top right corner.
3. Click on the 'See Profile' link.
4. Scroll down to 'Your Bank, Demat & Trading Accounts' section
5. Click on the 'Change Bank Account' link.
6. Enter 'Account Number, Bank Name, IFSC Code and MICR'.
7. Click 'Update Bank' button to submit the request.
8. Download pre-filled PDF form (make sure popup-blocker is disabled)
9. Print the form and sign it.
10. Send the form with supporting documents to the Edelweiss office.

Note:

• Changes in Mobile No & Email ID can be done online. No paperwork required for this.
• For all other changes (i.e. Address, Bank Detail) hard copy of request form and supporting documents are required.
• You can link multiple bank accounts to transfer money in your trading account or for Margin & Debt obligations. However, payouts or fund withdrawal amounts will only be credited to your linked bank account.

 

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You can update or change the registered address in Edelweiss trading and demat account by submitting a signed paper form to Edelweiss. The process of address change is not available online.

Steps to update the address in Edelweiss

1. Login to the Edelweiss website or mobile app.
2. Click on the 'Profile Image' in the top right corner.
3. Click on the 'See Profile' link.
4. Scroll down to the 'Contact Address' section.
5. Enter a new address and submit the form.
6. Download pre-filled PDF form (make sure popup-blocker is disabled)
7. Print the form and sign it.
8. Send the form with supporting documents to the Edelweiss office.

Note:

• Changes in Mobile No & Email ID can be done online. No paperwork required for this.
• For all other changes (i.e. Address, Bank Detail) hard copy of request form and supporting documents are required.

 

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Edelweiss Broking offers an online IPO application to buy IPO. Edelweiss IPO application is based on UPI as a payment gateway. This means you need a UPI to apply in an IPO online with Edelweiss.

If you have not set up UPI, you could use an alternate way to by IPO online using the net-banking facility of the bank where you have an account. All banks offer ASBA IPO facility.

Steps To Apply IPO Online in Edelweiss

1. Login to the Edelweiss website
2. Click on the 'SELF INVESTING' tab on top.
3. Click on the 'Primary Market' tab on top.
4. Choose the IPO in 'ONGOING IPOs' and click on the Apply button.
5. Enter your bid details like price, quantity and investor type.
6. Enter your UPI ID, review your order and click submit.
7. Wait for UPI Mandate which may take up to 6 hours.
8. Accept UPI Mandate in your UPI app (Net Banking or BHIM app)

Note:

• You will get an email and SMS confirmation once your IPO application is accepted by Edelweiss.
• Your IPO application is not complete until the UPI payment is approved. It may take a few hours for you to receive the UPI payment request.

Steps To Apply IPO Online in Edelweiss (ASBA Net-Banking)

1. Log in to your net-banking account (i.e. ICICI, SBI, HDFC).
2. Go to the Online IPO Application section.
3. Select the available IPO.
4. Fill IPO order form with bidding details.
5. Enter Edelweiss demat account number.
6. Review and submit your order.

 

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