In 2020, Angel Broking was one of those companies that decided to go public despite the shaking economy amid the pandemic.
The public issue worth Rs 600 crores was subscribed 3.94 times between 22 September 2020 - 24 September 2020. Since its listing, the Angel Broking share has been performing decently.
Do you wish to invest in Angel Broking shares?
If yes, then why not use its services first and then make your final decision?
Not sure how to begin?
Do you want to know the Demat account opening process with Angel Broking?
Simply, continue with the reading!
Angel Broking founder, Dinesh Thakkar, kicked off his business back in 1987 with just Rs. 5 lakhs in his hands.
Unfortunately, within a few months, he lost half of the money but he did not give up and decided to pick himself. In the second inning, he started working as a sub-broker and finally in 1997 Angel Broking came into being as a retail, corporate and wealth management broking house. It started to provide the option of trading in commodities in the year 2004 and since then there is no looking back for the company.
Over the years, it has grown to become one of the largest full-service retail brokers that provides a plethora of services including:
Investment and trading in stocks as well as commodities
Advisory services for smart investment
Loans against shares
Distribution of financial products, etc.
With more than 8500 sub-brokers and 110 branches distributed around the country, Angel Broking upgraded its services back in 2019. It began to offer a very low brokerage charges plan in form of ‘Angel iTrade PRIME’. The fees structure can be seen below.
The brokerage charges imposed by Angel Broking through ‘Angel iTrade’ are mentioned in the table below.
For those people who have even slight concerns regarding the safety or privacy of Angel broking, let me tell you, it is a safe stockbroking firm and regulated by SEBI.
Not yet convinced? Read the following:
It is now a publicly listed firm
The company has a long-standing history of more than 30 years
It has physical branches present in more than 1800 Indian cities
Over the years, it has succeeded in accumulating trust among the investor’s community.
So, these features make it one of the largest stockbrokers present in India.
It is now time to move to an important section of the blog where I will be explaining the step by step process to open a Demat account with Angel Broking.
Let us jump right in and have a quick look at the documents you need to keep ready before you begin with the account opening process.
Aadhaar Card (your phone number must be linked to the Aadhaar)
Cancelled Cheque or bank account statement for Bank Proof
Visit the Angel Broking website and find the account opening option.
Firstly, you will be asked to key in your Name, City, Mobile Number. Once you enter these details, you will receive an OTP on your registered mobile number. Carefully enter the OTP.
You will be directed to the next page where you have to key in crucial details such as your date of birth, email ID, bank account and PAN details. Click on the ‘Take me ahead’ option.
The next step involves KYC verification and at this step, you will be provided with three options namely - Share offline Aadhaar, Share via DigiLocker, Enter Details manually. Move ahead with the option that suits you and complete the KYC verification process.
The next step involves uploading documents and entering some personal details like the name of your parents, annual income, occupation, etc. Once the details are filled in, upload the photo of your PAN card and document for bank proof and click on ‘Continue’ in order to proceed further.
Now, you will be prompted to e-sign the application form. Do not panic, the step is quite easy as you only need to enter the 12 -digit Aadhaar number and then fill in the OTP you receive on the mobile number linked to it. Finally, click on the ‘Submit tab.
After e-signing is successful, you will be landing on the IPV page (In-Person Verification). In this step, you only need to make a video of a few seconds. Remember, in this video you do not need to speak or act anything, just make a video of your face and upload it.
On successful uploading, a message that says ‘Thank you, we have received your IPV’ will be flash on your screen. The Angel Broking Team will send an email that will have a mention of the client code and password.
Keep these credentials safe as they will be required for Angel Broking Account login.
Lastly, you need to fill and submit the Power of Attorney (POA) form. In this last step, you need to download the POA form, fill it physically and then speed post the form to the head office of Angel Broking.
Please make a note of one point that, even before you submitted your POA form, you can begin with either trading or investing using your Angel Broking account.
The simple and quick method to open an online account at Angel Broking makes it a popular choice. So, without much-ado start using the range of broking services enabled by it.