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Opening your Account

Does it cost me anything to open an account?

Opening a trading or depository account is free of cost with Arihant. However, opening of demat account requires stamp charges to be paid, which will be chargeable.

How do I request a form?

You can request for a form at any of Arihant’s Branches across India. Alternately, you can fill the Open an Account request form and our executive will get in touch with you shortly.

I am an individual investor based in USA/UK etc. Is there any way I can invest in Indian stocks?

Yes you can invest in Indian stocks but you cannot open a trading account. Though you cannot directly invest in Indian stocks through Indian stock brokers, there are some indirect ways for you to invest in Indian stocks. Y ou can invest in a smaller subset of Indian companies through ADRs/GDRs or Mutual Funds. Few Indian companies have issued GDRs (Global Depository Receipts) of their Indian stocks on European stock exchanges and ADRs (American Depository Receipts) on US stock exchanges. If you can invest in USA or European stocks, you can also buy these ADRs/GDRs of Indian companies. Few of the ADRs are- REDF, SIFY, INFY, ICI, RDY.

What documents are required to open a trading account?

List of documents required to open a trading account:

  • Proof of Identity – Copy of PAN Card (3 Copies self attested )
  • Proof of Address – Copy of any one of the following (Self Attested)
    • Passport
    • Ration card
    • Voter’s ID
    • Driving license
    • Electricity bill (not more than 2 months old)
    • Landline Telephone Bill (not more than 2 months old)
    • Bank Pass Book
  • Bank Proof – Copy of Bank Pass Book or Personalized Cheque leaf
  • Demat Account Proof – Demat Account Statement or Account Opening Letter (if you have a Demat Account)
  • Photograph – 2 (Two) recent passport-size photographs
  • Account opening Cheque to be drawn in favour of “Arihant Capital Markets Ltd”

For Online Trading customers:In addition to the above documents, you need to submit an Online Trading Registration Form.

For more information on documentary requirements or to open an account click here.

Where do I submit the account opening forms?

You will have to submit the all the account opening forms duly filled with all the mandatory supporting documents to your nearest Arihant Office.

How long does it take to open all the relevant account?

Our goal is to have new accounts opened within 2 business days of receiving the paperwork*. Please be certain to complete the entire application and also send any supporting paperwork that may be necessary to open your account. Paperwork that is deficient in any way cannot be processed and the opening of your account will be delayed.

*Subject to approval.

How will I be intimated about the account opening?

After the account form is duly filled and submitted, you will receive a welcome pack containing all that it takes for you to start trading with Arihant within 10 working days. The welcome pack will contain:

  • A welcome letter containing details of your trading account.
  • A service guide manual, which is a brief write-up on all the details you need to trade with us and a brief description of our other service offerings.
  • Your user ID and the password.

Is it necessary to open DP Account with Arihant?

It is advisable to open a Demat Account with Arihant as it makes trading seamless and convenient. However, if you have an account with another depository participant, you can still trade with us.

However for online trading it is compulsory for the client to open a DP account with Arihant. This Demat account is linked to your trading account in i-Trade.

I have a Demat account with another depository, can I link that account for online trading?

No, for trading through i-Trade it is mandatory that you hold a Demat Account with Arihant. We will get your demat account opened.

However, if you are not an online trading client, then you can use your other demat account, but you have to provide proof of your demat account with another depository participant. It is advisable to have a demat account with Arihant if you transact through us for seamless transactions.

Can I sell shares which are with another Depository?

Offline Trading Customers: Yes you can easily sell the shares you have with another Depository Participant. But you have to provide the DIS slips (Delivery Instruction Slips) to Arihant for pay-in of your shares to the exchange.

Online Trading Customers: No. You can only sell shares, which are in the Demat account, which is linked to online trading account. You can then transfer your shares to your Arihant Demat account using the DIS slips (Delivery Instruction Slips). These have to be filled in and submitted to the Depository where you hold the shares.

Can I have multiple bank accounts linked to my trading account?

If you are an offline trading customer then in that case you can have multiple bank accounts linked to your trading account. But you can use that account for fund transfer to and from Arihant only if you have provided your bank proof, i.e. your bank statement of the account you wish to carry on fund transfer from.

However if you are an online trading customer, you cannot have multiple Bank accounts linked to your on-line trading account. You have to have a Bank account with UTI for trading online.