Nuvama (Edelweiss) Demat Account Opening Process
In this article, you’ll get to know about the step by step process for the Nuvama demat account opening. As far as the Nuvama demat account opening process is concerned, this can be done just by following few steps from this laptop or mobile from which you are reading this article.
Nuvama Broker is a leading financial service provider in India. They have a strong presence across domestic and international geographies. The company has 475 offices spread across 200 locations. It caters to a diversified client base consisting of individuals, institutions and corporations.
All resident Indians and NRIs residing in Australia, New Zealand, GCC countries (Gulf Countries), Hong Kong, Singapore, and the UK are eligible to open an account with Edelweiss.
Nuvama offers a range of financial services to its customers. Nuvama demat account allows you to invest in Equities, Derivatives, Currency Derivatives, Mutual Funds, Gold ETFs and Bonds. At the time of account opening, you will be asked to opt for your desired segments. However, you can activate your access to other segments later by contacting your Relationship Manager or visiting the nearest Branch.
- Free research provided by Edelweiss is one of the best offering in the brokerage industry in India. This includes both fundamental calls and technical calls.
- Excellent mobile application, website & desktop trading software for trading. They are easy to understand, rich with advanced features and tools, you can expect tips, reports, data, news etc. in one place.
- Call & trade is available for free to all clients
- Well-diversified financial product portfolio.
- It provides leverage facilities across cash, F&O and CDS segments
- Wide offline presence through branch and franchises makes it easy for customers. Online trading tools make it easy for online investors and traders.
- Relationship managers and add-on services like PMS are available.
- It doesn’t charge any hidden fee
- Doesn't offer 3-in-1 account as Edelweiss doesn't have a banking license.
- F&O brokerage is charged at per lot basis. This could be significantly high in case of large orders when compare with the discount brokers (i.e. Zerodha) who change flat fee per executed order (irrespective to the number of lots in an order).
Nuvama Account Opening is a very simple process and in this detailed article, we will be looking at all the steps involved.
Nuvama Demat Account Opening Documents
Following self-attested documents are required to open an account with edelweiss:
- Pan card
- Address proof – Aadhar Card
- Personalized Cheque duly cancelled and signed Or Bank statement (Latest 3 months) that should consist of IFSC code, MICR code and account number.
- Signature Image (If Signed Cancelled Cheque is not provided)
- Image of passport size photograph.
Nuvama Demat Account Opening Charges
It’s free! Edelweiss doesn’t levy any charges to open an account regardless of whether you open an account with edelweiss online or offline.
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 |
| Demat Account Opening Charges (One Time) | Rs 0 (Free) |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 300 (1st Year Free) |
Lite plan: The annual maintenance charge for the first year is FREE. From the second year onwards, you will be charged Rs. 300 + tax as applicable per year.
Elite plan: The annual maintenance charge for the first year is FREE. From the second year onwards, you will be charged Rs. 500 + tax as applicable per year.
Edelweiss charges flat brokerage rates of ₹20 / order for Equity and F&O.
Nuvama (Edelweiss) Demat Account Opening Process
1. Provide Basic details
2. PAN Details
3. Complete your Profile
i. Primary Details
Fill out the Permanent address and Current Address as the primary details.
ii. Secondary Details
iii. Professional Details
iv. Nominees Details
Select if you want to have a nominee, if yes then fill out the required details of nominee.
Enter Bank Details for Edelweiss Demat Account Opening
Choosing Edelweiss Demat Account Brokerage Plan
Video IPV – OTP and PAN Verification
Document uploading
Edelweiss Demat Account Opening E-sign Documents
Schedule POA appointment
Now you are all done with the Nuvama account opening process. Once the completed documents are received and verified by the company, your account is activated within 24 hours.
You will receive a welcome email once your account is opened. The email will also contain the credentials and instructions to log in to your account.
10 Reasons to Consider Demat Nuvama Demat Account Opening
- Online Account Opening process.
- Zero Account opening charges.
- Free AMC for 1st year.
- Direct deposit of dividends, interest, etc. in your demat account.
- Facility to manage your account online.
- 475 branch offices to get assistance on matters related to the demat account.
- A single account to invest in Equity, MFs, ETFs, Bonds & Insurance, etc.
- Trade-in multiple exchanges including BSE, NSE, and MSE.
- Facility to freeze the account.
- Free investment advisory from the research team.
Not to worry though, We have already posted a detailed review on edelweiss where we went over Nuvama ’ platforms, plans and the margins in-depth, to help you decide if Edelweiss is the right brokerage for you and weigh out the pros and cons. By the end, I hope to impart the reader with a good overview of Edelweiss offerings and where they stand, what they do right and what could be better.
Offline Account Opening Process
You can open a demat account offline by visiting a branch office. Nuvama is a full-service broker that offers a variety of financial services, including: Online and offline broking, Research, Advisory, Depository services, and Trading and investment across major asset classes.
Edelweiss (Nuvama) Corporate office
Eight Floor 801 to 804, Inspire BKC G Block,
BKC Main Road, Bandra Kurla Complex,
Bandra East, Mumbai – 400051
Check Nuvama Demat Account Opening Status
In case of a delay, please get in touch with the customer support team via call/email to know the status of the company. The online account can be opened instantly if you are KYC compliant. In other cases, the account is opened within 24 hours of receiving the complete documents.
