Choice Broking

Why Open A Free AMC Demat Account With Us

Why Choice Broking?

Why us for Opening Free Demat Account

RESEARCH & ADVISORY SERVICES

A dedicated research team that provides Technical and Fundamental Research at no extra cost.

CUSTOMER SUPPORT

An excellent support team that guides you at every step available via phone and emails and branch offices.

LOCAL OFFICES

We have 48 local offices available across the country at your service.

25+ YEARS OF EXPERIENCE

A trusted name in the broking industry backed by 25+ years of experience in the finance domain.

We’re Available On

Web

Web

Android

Android

IOS

iOS

Open a Zero AMC Demat Account

Brokerage is charged on a percentage basis for Intraday, Delivery and Futures while the brokerage for Options is calculated on the basis of a flat fee.

Equity
Equity
  • Delivery 0.20%
  • Intraday 0.02%
  • Futures 0.02%
  • Options ₹ 25 per Lot
Currency
Currency
  • Futures 0.02%
  • Options ₹ 20 per Lot
Commodity
Commodity
  • Futures 0.02%
  • Options ₹ 50 per Lot

Open a Zero AMCZero AMC Demat Account For Free

Demat Account Opening Process

Step One Step One Step One
Register Online

Fill in the required details and upload the relevant documents along with a passport size photograph.

Step Two Step Two Step Two
In-Person Verification

Complete the In-person verification (IPV).

Step Three Step Three Step Three
Registration Complete

Your Demat Account opening is successful with Choice Broking.

Step Four
Courier POA

Courier us the signed copy of the Power of Attorney (POA) sent on your registered Email ID.

Demat Account Opening FAQ's

Your account will be activated within 4 hours of document submission. If there is any gap in the documentation, the Choice Broking support team will reach out to you. Once your account is activated you will receive an email from Choice Broking informing you about the same.
The following documents will be required to open an account for a resident individual with Choice Broking:
  • PAN Card
  • Cancelled Cheque (that captures the MICR Code)
  • Passport Size Photograph
  • Aadhaar Card
  • Income Proof
The Power of Attorney is a document that gives us the authorization to debit your shares from your Demat Account whenever you sell them. However, till the time you do not submit a POA, you can avail the eDIS facility to sell your holdings. This will require you to authorise your holdings once daily before doing any holding’s sell transactions. It is recommended to send a signed copy of your POA since it enables you to sell your holdings seamlessly without the need to authorise online all the time.
A copy of the POA gets emailed to you on your registered email ID, which needs to be physically signed and couriered to us. You can send us the signed POA to our head-office address mentioned on our website - https://choiceindia.com/
You can courier the signed copy of the POA to our Head Office address mentioned below.
Choice House, Shakambhari Corporate Park,
Chakravati Ashok Co-op Hsg. Soc.
CTS No: 156, 157, 158
J.B. Nagar, Andheri (E)
Mumbai – 400099
You can open a low brokerage Demat Account with Choice Broking at zero account opening charges
NSE/BSE mandates a Demat with your Trading Account for securities. Currency and Commodities do not require a Demat Account, so if your trading requirements are restricted to that; a Trading Account can be opted for. This will have to be specified in the documentation process with the broker. For more information regarding the same, you can contact our customer care team at [email protected]
You will be required to provide us with the CML (Client Master List) Copy of your earlier DP and open a new Demat Account with us.
Yes, you can link multiple Demat Accounts to your Trading Account, even with different DP’s, but they should all be in your name. However, an important thing to note is that from all the linked Demat Accounts you can give shares for Pay In/Pledge, etc; but the payout from the Trading Account will only get credited to the primary Demat Account.
You will be required to provide the Off Market Delivery Instruction Slip (DIS) to your previous DP, mentioning the target DP ID of the Demat Account you are holding in Choice Equity Broking Private Limited.
Demat account is mandatory if you are going to trade / invest in equities. Demat accounts hold your shares in electronic form. If you are going to simply trade in futures and options then Demat is not required.
There are 2 options, either you open a new Demat account with Choice and transfer all shares from the old Demat, or merge the old Demat into the new one.

You can opt for manual or online transfer of shares.

Manual Transfer
  • 1. Ascertain which DP (Depository Participant) is holding the shares, there are 2 depositories in India, National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL)
  • 2. If your new Demat is with the same DP then it will be an inter-depository transfer, and if it’s different; it will be an intra-depository transfer
  • 3. Next, fill the Delivery Instruction slip (DIS) provided by the DP of your old account. In the ‘Mode of Transfer’ field, please select whether the transfer is inter-depository or intra-depository. This is crucial
  • 4. Fill all required details like names of shares, quantity and their ISIN numbers
  • 5. Enter the 16-character ID of the new account
  • 6. Submit the signed DIS to old broker and take acknowledgement slip
  • 7. Shares will be transferred to new account in 3-5 working days

Online Transfer
  • This option is much simpler, just visit the CDSL website and register with all required details
  • You will be required to fill a form and use the ‘Print Form’ option; this notifies CDSL to start the verification process
  • After verification is completed, Login details to your account will be sent on your email id
  • Login to your account from CDSL website and start transferring shares to the new account
Absolutely, you can keep money in the Demat/Trading account. It is, however, advisable to hold only the amount that will be required for trading/investing.
It’s absolutely safe to open a Demat account online but choosing the right broker is essential for this.
There is no limit as such for depositing or withdrawing money, however, it will need multiple transactions. For MPS/NEFT/RTGS/ the maximum amount allowed in a single transaction is decided by the bank. UPI transfers have a limit of 1 lakh per transaction.
In the case of most brokers, there is no withdrawal limit but do check once with your broker.
Yes, you can use the same account for trading/investing in any asset class.
It’s free. There is no Demat A/c opening fee charged by Choice.
As far as age is concerned, there is no minimum age criterion i.e., under 18 can also have Demat & Trading accounts opened. The parents or guardians will be in-charge of the account until the minor comes of age.
Below are the common requirements,
  • Must be Indian Citizen residing in India
  • Must be 18 years of age
  • Have valid Pan Card
  • Valid Address Proof (Aadhar, Voter ID, Passport, Driving License, utility bills (not more than 3 months old))

You will be required to provide recent photos along with proof of Identity, Address and Income (ITR) to open a Demat account in India.

If the documents are in order, the Demat account will be activated in 24 – 48 working hours.
In this option for Demat account opening, there is no physical submission of any document involved. All documents are submitted online and take only 10 minutes to complete!