Angel Broking is a reputed name in the finance industry. Angel Broking Angel Eye is an advanced trading platform that offers single-point access to stock exchanges such as BSE, NSE, MCX, and NCDEX. You may trade at any point of time through phone, email, and SMS. Angel Broking also provides detailed reports from experts. Angel Eye allows you to manage portfolio in a single glance, trade efficiently, track real-time stock updates, and retrieve reports as and when required.
You will first need to get in touch with a registered depository participant (DP). An Account Opening form can either be downloaded from the DP's website or can be collected from the branch office. Documents which fulfil the KYC (Know Your Customer) norms have to be submitted. These include a copy of the PAN card, address proof, bank statement of the last three months, income tax returns, coloured photographs, and a crossed cheque. An in-person phone verification will be carried out to confirm the details provided in the Account Opening form. Once the application is approved, an internet password and transaction password will be provided to you. You can then make transfers or purchase of securities.
In order to open a Demat account with Angel Broking, you must submit a duly filled Account Opening form available on the Angel Broking website or at the branch office. Along with the form, the other documents to be submitted are identity proof, address proof, and recent passport-sized photographs. Original documents need to be carried for the purpose of verification. As a proof of identity, any one of these documents can be submitted—voter’s ID, PAN card, residential electricity bill, residential telephone bill, passport, driver’s license, etc. Any document with the applicant’s residence address can be submitted as an address proof—bank passbook, passport, ration card, voter’s ID, driving license. After the application has been verified, you will receive your login details. You can then log into your Demat account to check your holdings.
If you have forgotten your password, then there is no need to worry. You can set a new password through the site using our the Forgot Password Option available in the login form. It will prompt you to enter your user code and mobile number. You can then reset your password. You can also contact Angel Broking on the number 18602002006/18605005006. Alternatively, drop in an email at email@example.com with your query, and you will receive guidance on how to reset your password.
Yes, you do require an email ID for opening a Demat account. Having an email ID is an additional advantage as you can get transaction details and statements on your ID. Angel Broking sends alerts/information of your transactions made through your trading/Demat account. Such information is sent at the end of the day. Hence, you are kept updated of the latest transaction details. It helps in preventing unauthorized transactions being made from your trading/Demat account. Providing an email ID also plays a role in fulfilling the KYC (Know Your Customer) norms. Hence, you will not need to go through the same process again when you approach a different intermediary.
Your user ID and password is completely safe. Angel Broking does not deliver the welcome kit to your sub-broker as it contains confidential information. The welcome kit is given to no one except the client. For security reasons, it is best advised to change your password as soon as you receive your welcome kit. Once you've received your welcome kit, login to your account using the details and change the password before you even start trading. If the welcome kit has been tampered with, notify Angel Broking as soon as possible.
Once the Demat account application is approved, the account holder receives a client ID and password. He can then login through his account with these details. Such an account can be opened with no minimum balance of shares. If an investor wishes to buy shares, an order has to be sent through the Demat account online. The broker then credits the shares into the account. If the investor wishes to sell shares, he needs to give a delivery instruction note providing details of the stock. Once the order is processed, the shares will be debited from the account and the amount of the sold shares is then paid.
The main objective of holding a Demat account is to keep securities in an electronic form instead of the physical form. It offers the additional advantage of eliminating the risk of forgery, theft, and manipulation of share certificates. Investors can buy, sell, and transact shares without the hassle of paperwork and too many delays. Dematerialisation is a safe and secure method of transacting securities over the internet. It removes the hassles of filling up transfer forms, sending redemption requests, etc. You can make transactions at the click of your mouse and at your own convenience.
The main feature of Demat account is to hold securities in electronic form (dematerialised form). A Demat account is similar to a bank account, that holds securities in electronic format. Thus, there is no fear of physical damage to share certificates or theft. Demat accounts also allow you to consolidate all investments in shares, bonds, mutual funds, etc., into a single account. They can manage their investments through a single channel (DP). This eliminates the need to communicate with different companies and organizations to track and manage your investments.
If you already have a Demat account with a particular depository and wish to change to another, you can do so. You have to fill the Delivery Instruction Slip (DIS) book and submit it to your broker. Fill the relevant details like your securities information, ISIN number, and the new depository participant's ID (An ISIN number is a unique 12 digit alpha-numeric identification number allotted for a security). Your broker will send your request to the DP. The DP will then transfer the shares to your new Demat account. If the DIS form is duly filled, the transfer takes place within 24 hours or the next business day. Brokers charge a fee for the transfer of a Demat account. Charges differ from broker to broker.
Before you close your Demat account with your Depository Participant, please ensure the following:
In order to close your existing Demat account, you will have to submit a duly filled account closure form that can be found on the website of your Depository Participant. It typically takes around 7 to 10 business days to close the account once you have completed all the required formalities.
You cannot change the name of your corporate Demat account in case of amalgamation/scheme of arrangement. For all the other cases, you may follow the procedure below:
If your company/entity is registered under the Companies Act, 1956, the following documents need to be forwarded to the NSDL via your DP:
For all the other corporate entities, the following documents need to be forwarded to the NSDL via your DP:
If the SEBI registration number/CMID/Trading ID undergo a change for a CM settlement related accounts, a new account needs to be opened. Change of name should not be carried out on the existing account.
However, for all the other corporates, Flls, and CMs, the name can be modified by the CDSL. The following documents need to be forwarded to the CDSL via your DP:
Angel Broking’s technology-enabled Demat account is one of the best DEMAT Accounts in the Indian market. Through Demat accounts, you can make online transactions on your own, without a broker. Having a Demat account with Angel Broking helps to eliminate risks associated with physical share/stock certificates like theft, damage, forgery, etc. Dematerialisation is a secure and convenient way to keep track of shares. Demat account also allows holding of mutual funds, ETF, Commodities and other valuable financial instruments. Transactions can be made through smartphones or the web. Angel Swift is a trading application for smartphones and tablets that gives you an overview of your holding while provisioning trade.