Steps for Opening an Account

How to Open a Demat and Trading Account

• Visit our website https://www.stellaredgebrokers.com/ (opens in a new tab) and download the account opening form from the footer section of the website.
• Fill up all the details after taking a print out of the form along with the KYC form.
• Visit our corporate office — Plot No. 7, Vishwakarma Society, Near Vishwakarma Mandir, Majura Gate, Surat – 395002, Gujarat — along with your original PAN and Aadhaar for in-person verification, and submit the hard copy of the form along with a bank statement and income proof.

OR

• You may directly visit our corporate office — Plot No. 7, Vishwakarma Society, Near Vishwakarma Mandir, Majura Gate, Surat – 395002, Gujarat — or contact us on +91-6355237798 for account opening.
• Your RM will contact you in case there is any rejection of your account opening form.

What is a Trading Account?

Similar to a bank account, a trading account is used to trade in different kinds of securities and commodities by the investor. Meanwhile, a trading account is required to hold or buy new securities and commodities. It is not possible to buy or sell a unit of security or commodity without a trading account. You just have to place the order through the trading account and the request to buy/sell is forwarded to the stock exchanges. Before placing any order, the client has to deposit the upfront required margin to their broker.

Features of a Trading Account

A trading account is not limited to stocks — there are trading accounts for currencies, commodities, bonds, gold and exchange-traded funds. The biggest benefit is that you can open trading accounts online and not visit a bank or the office of the broker, since trading accounts provide one-point access unlike physical trading. Through a single trading account, you can access stock exchanges like BSE and NSE, and commodity exchanges like the Multi-Commodity Exchange and the National Commodity and Derivatives Exchange.

Step-by-Step Guide on How to Open a Demat and Trading Account

Opening a Demat and trading account opens up a host of investing possibilities. You can open a Demat and trading account in a few simple steps:

In the first step, choose a brokerage firm to open a trading account after conducting thorough research. Take the various charges levied by brokerages, the interface of the trading platform and the value-added services into account before finalizing a brokerage. After selecting a broker, enquire about the trading account opening procedure. The brokerage will require you to fill up an account opening form and a Know Your Customer (KYC) form. A representative from the brokerage firm will assist you with the process. You will also have to submit identity proof, residence proof, proof of income and bank statements. A photocopy of the Aadhaar card or passport, besides several other documents, can be used as proof of residence, and a copy of an Aadhaar card or PAN card can be used as identity proof. The PAN card is compulsory to open a trading account.

Post submission of the documents, the brokerage will conduct a manual KYC verification. A representative may visit your house to verify the documents, or an online verification will be conducted. If you do not want to manually verify the documents, you can opt for the e-KYC process. For the e-KYC process, your PAN card should be linked to the Aadhaar card and your bank account. The mobile number submitted in the account opening form should be the same as the Aadhaar card for the e-KYC process.

It generally takes 3–4 days to activate the trading account after the completion of the verification process.

FAQ for Account Opening and Activation

Which type of account can be opened with Stellaredge?

Trading Account.

In which segments can I open an account with Stellaredge?

Equity and Equity Derivatives.

Who can open a Trading account with Stellaredge?

• Individual
  • Resident Individuals
  • NRIs
• Non-individual
  • Corporate
  • Partnership firms
  • Registered/Unregistered trust
  • Registered/Unregistered society
  • Association of Persons (AOP)
  • FII/FPI (Only Trading Account)
  • Bank
  • Mutual funds
  • LLP (Limited Liability Partnership)

What are the documents required for opening the account?

Resident Indian Individual Account

• Proof of Identity (PAN with photograph mandatory)
• Proof of Address (Passport / Voter's Identity Card / Ration Card / Registered Lease or Sale Agreement of Residence / Driving License / Flat Maintenance bill / Insurance Copy / Aadhaar Letter issued by the Unique Identification Authority of India / Telephone Bill (only landline) / Electricity bill / Gas bill / Bank Account Statement / Passbook — not more than 3 months old, as on the date of receipt of documents)
• Proof of Bank account
• Income Proof (mandatory in case of Derivatives / Currency Segment) — last 6 months' bank statement

HUF Account

• HUF PAN copy
• HUF address proof
• HUF bank proof
• Last 6-month bank statement
• Karta's PAN card copy (individual with photo visible)
• Karta's address proof
• ITR and balance sheet of the last 2 years
• No Objection Certificate from all Co-Parceners, along with a list of Co-Parceners
• Details of family members and PAN numbers of co-parceners

Partnership Firm Account

• A partnership firm can open a trading account in the name of the firm
• PAN card of the partnership firm
• Address proof of the partnership firm
• Bank proof of the partnership firm
• PAN card copy along with address proof for all authorized partners is mandatory
• Declaration required, duly signed by all partners
• Declaration to be given by partners on the letterhead of the firm
• List of partners required on the letterhead of the firm
• Profit-sharing certificate required, with a percentage, on the letterhead of the firm
• Copy of Partnership Deed required
• Last 2 years' annual accounts (audited balance sheet) (C.A. certified)
• Latest net worth certificate
• Last 6-month bank statement
• Firm's stamp required at all places where signatures are done on the trading account agreement form and all related documents
• Registration certificate required

NRI Account

• Two types — NRE and NRO
• India address proof (not required in the case of NRE)
• Foreign address proof (mandatory in both cases)
• PIS Letter (issued by RBI)
• PAN card
• Bank Account Statement / Passbook — bank proof should indicate NRE/NRO saving a/c bank details
• If NRE or NRO is not mentioned (pre-printed) on the cheque, then a bank verification letter is required
• The photocopy of the KYC document should be attested by any of the following entities: Notary Public, any Court, Magistrate, Judge, Local Banker, Indian Embassy, or Consulate General of the country where the NRI is residing

Corporate Account

• PAN Card copy of the corporate
• Bank proof of the corporate
• Address proof of the corporate
• Last 2 years' annual reports & income tax returns
• Latest net worth certificate
• Last 6-month bank statement
• Memorandum & Articles of Association
• Board Resolution as per the specific format
• List of Authorized Signatories
• Copy of the latest shareholding pattern of the company
• Form no. 32 (if changes in directors)
• List of Directors (name & signature) with their shareholding
• Stamp of the corporate required on all the signatures as well as the supporting documents
• PAN copy of all the directors
• Certified copy of the Board resolution (as per the format given in the form; it should be on the letterhead of the company)
• Undertaking letter required if the company is involved in the share broking business or any investment made in the broking business
• For foreign entities, CIN is optional; and in the absence of a DIN no. for the directors, their passport copy should be given
• Format of declaration of beneficial owners

Trust Account

• PAN card copy of the Trust
• Last 2 years' audited annual accounts
• Copy of Income tax return
• Certified copy of the Trust Deed
• List of trustees with signatures across their photograph, as well as the Trust stamp
• Board Resolution
• Trust stamp required on all the signatures as well as the supporting documents
• PAN proof along with the address proof of trustees
• Copy of Trust registration certificate
• Proof of the address of the registered office of the Trust
• List of Authorized trustees along with specimen signatures

How to Open an Account with Stellaredge

Offline

You can call on phone number +91-6355237798 and you will be connected with an RM (Relationship Manager) who will assist you in account opening.

Account Opening Notification

You will receive:

• Welcome SMS on your registered mobile number
• Welcome email on the registered email address
• Welcome letter along with a welcome kit at the registered address

I have not received the welcome letter. What should I do?

In case you do not receive the welcome letter along with the welcome kit and the same is returned to us, your account will be frozen.

How can I unfreeze the account if I have not received the welcome letter?

You can call on +91-6355237798 to unfreeze the account.