Account Opening - 021 Trade (Page 2)

Can more than one trading account be opened with 021 Trade?

No, you can open only one trading account with a broker using a single PAN. However, if you want, you can open another account in a different name—like a company, HUF, partnership firm, or LLP—even if you already have an individual account with the same broker.

KYC

Can a second or third holder be added to an existing individual account to make it a joint account?

No, once an individual demat and trading account is opened, a second or third holder cannot be added later to make it a joint account. If you wish to have a joint account, it must be opened as a new joint demat account from the beginning, with all holders'

FAQ

Can a demat account maintained with other brokers be mapped to a 021 Trade trading account?

A demat account with another broker cannot be directly linked to a 021 Trade trading account. For smooth trading and settlement, both the trading and demat accounts need to be opened with 021 Trade or its associated depository participant. If you already hold shares in another demat account, you can

FAQ

What is the Most Important Terms and Conditions page in the account opening forms?

As per SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/180 dated November 13, 2023, and NSE Circular NSE/INSP/59367 and BSE notice no. 20231115-1, all new clients being onboarded from April 1, 2024 must acknowledge and sign the Most Important Terms and Conditions (MITC) as part of

FAQ

How to find the name as per my PAN card?

To find the name as per your PAN card, log in to https://www.incometax.gov.in/iec/foportal, click on your name at the top right corner, and select My Profile. Your name and date of birth as per PAN will be visible there. Please note, your account will

FAQ

Why pan card and aadhar card collected via digilocker to complete the KYC in 021 Trade?

PAN card and Aadhaar card are collected via DigiLocker to complete KYC at 021 Trade because DigiLocker provides documents directly from government databases, ensuring they are authentic, valid, and tamper-proof. This helps verify your identity and address quickly, reduces errors compared to manual uploads, and speeds up the account opening

FAQ

Why did PAN verification fail while opening a 021 Trade account?

PAN verification may fail while opening a 021 Trade account due to one or more of the following reasons: 1. Mismatch in Name or Date of Birth: The details entered (name or DOB) may not exactly match the records in the Income Tax Department database. Even a slight difference in

FAQ

Can a Trading and Demat Account be Opened with 021 Trade if there is an Existing Account with another Broker?

Yes, you can open a Trading and Demat account with 021 Trade even if you already have an account with another broker. There is no restriction on maintaining multiple Trading or Demat accounts in your name with different brokers. You may continue using your existing account while also opening and

FAQ

Is the DDPI signature mandatory?

DDPI (Demat Debit and Pledge Instruction) signature is not mandatory, but it is optional and helpful. If you don’t give DDPI, you can still trade normally, but every time you sell shares, you’ll need to authorize it manually through eDIS. This extra step can sometimes cause delays, especially

FAQ

Can the 021 Trade user ID be changed?

No, the 021 Trade user ID cannot be changed once it is created. The user ID is unique to each account, which is registered and is used to track all transactions on the exchange. It serves as the primary identifier for accessing the platform and is tied to your account

FAQ

What is an Electronic Contract Note (ECN)?

An Electronic Contract Note (ECN) is a digital document that serves as a confirmation of trades executed by a client through a stockbroker or alternatively by the broker on behalf of the client. It summarises all transactions made on a particular trading day and includes crucial details such as: Trade

FAQ

What are the charges for opening an account at 021 Trade?

Opening an account with 021 Trade is completely free, whether you choose the online or offline option. There are no charges for individual accounts, making it easy to get started. Annual maintenance charges apply only if your holding value exceeds ₹4,00,000—in that case, it's ₹250

Order Placement

Why does one receive an SMS and Email from NSE, and BSE when trading?

When you trade in the stock market, you receive confirmations of your activity from both the National Stock Exchange as well as the Bombay Stock Exchange. This is part of a regulatory mechanism to ensure that investors are aware of and have authorised the transactions that take place in their

Order Placement

What is the validity of the CDSL authorisation?

The CDSL Transaction Personal Identification Number (TPIN) authorization is valid for one day, allowing clients to authorize their the sale of all their holdings as required using the same TPIN. Authorizations can be made between 8:00 AM and 5:00 PM and will be applied to trades for that

Order Placement

How to generate the CDSL TPIN required to authorise sales from my holdings?

Central Depository Services Limited (CDSL) is a depository, which is a financial institution that holds and manages securities, such as stocks and bonds, in an electronic form on behalf of investors. The CDSL Transaction Personal Identification Number (CDSL TPIN) is a secure, 6-digit PIN provided by CDSL to the investor.

Beginner's Guide

What are the best practices for securing a trading account?

To secure a trading account effectively, consider the following best practices: * Use Strong Passwords: Create strong, unique passwords combining uppercase and lowercase letters, numbers, and special characters. Avoid easily guessable information like birthdays or common phrases. * Two-Factor Authentication (2FA): Utilize 2FA for an additional layer of security. This requires a

FAQ

Can a trading and demat account be opened with 021 Trade if there is an existing account with another broker?

Yes, you can open a trading and demat account with 021 Trade even if you already have an account with another broker. There is no restriction on having multiple trading or demat accounts in your name. You can continue using your existing account and also enjoy the services offered by