Free Demat Account

Your account will be activated within 4 hours of complete document submission. You'll receive an email confirmation once the account is active. In some cases, if additional verification is required, it may take up to 24 hours.

Yes, you can open a demat account for free with Choice. You get free Annual Maintenance Charges (AMC) for the 1st year and trade at nominal brokerage charges. However, regulatory charges and taxes as applicable will be levied on your trades.

Absolutely! Following the simple steps above, you can easily open a free demat account online. The entire process is paperless and takes about 10 minutes.

To open a free demat account, you must be:

• An Indian citizen residing in India
• At least 18 years old
• Have a valid PAN card and address proof (Aadhaar, Voter ID, Passport, or Driving License)
• Have a valid mobile number and email ID
• Have a bank account in your name

Yes, you have two options:

1. Open a new free demat account with Choice and transfer your shares.
2. Merge your old demat account into a new Choice account.

Our customer support team can guide you through the process. Depending on your previous broker's policies, please note that charges might be associated with closing your old demat account.

A Demat account holds your securities electronically, similar to a bank account holding your money. A trading account is used to buy and sell securities in the stock market. At Choice, we provide both accounts, seamlessly integrated for a smooth trading experience.

Your Demat account with Choice is highly secure. We use 256-bit encryption for all transactions, and two-factor authentication for logins, and are compliant with all SEBI regulations. Your securities are held with CDSL or NSDL, which are government-approved depositories.

Yes, you can hold multiple demat accounts with different brokers. However, each account will have its own charges and maintenance requirements. With Choice's comprehensive offerings, most investors find that a single account meets all their needs.

Your free demat account remains active even if you don't trade. However, from the second year onwards, Annual Maintenance Charges will apply unless you meet certain trading volume criteria. We recommend reviewing our charges page for the most up-to-date information.

You can transfer shares through the Delivery Instruction Slip (DIS) method or online through CDSL's easiest facility. Our customer support team can guide you through the process step-by-step to ensure a smooth transfer.