Finvasia Account Opening, Trade with Finvasia, Free Trading 2024

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Finvasia is one of India’s leading financial service provider companies having clients on investments in fourteen countries. It uses an upgraded business model and works in the field of asset management, investment banking, capital market advisory, currency hedging along with providing brokerage services in commodities, equities, and derivatives. Finvasia serves retail clients, HNIs and Foreign Portfolio Investors. Finvasia serves as the Commercial Clearing Member for Foreign Institutional Investors (FII), Indian brokers and retail clients. Finvasia offer absolutely zero brokerage charges for trading in equity, derivatives, currency and commodities.

Finvasia Account Types

Finvasia offers follwing account types:

• Demat account: Demat account is useful for clients to hold securities, bonds, and mutual funds. Finvasia is DP with CDSL. Finvasia Demat Account opening is free with zero AMC. This could be the best demat account for anybody because you pay nothing for oepning a demat account and there is no yearly charges to maintain it.
• Trading account: Finvasia Trading Account lets trading in Equity, Currency, and Commodity on NSE, BSE and MCX. Finvasia Trading Account can be opened by paying zero account opening charges.
• 2-in-1 account: Finvasia 2-in-1 account is the most useful and helps the client hold as well invest and trade without any hassle. 2-in-1 Account opening is absolutely free and there is no trading and demat AMC as well.

Finvasia Account Opening Process

Finvasia doesn’t have a branch network and offline presence. So account opening process is 100% online. It uses the State Bank of India approved Aadhar based eKYC account, which is a highly lucrative offer with its claim to a no conditions offer and caveats. The online account opening process at Finvasia is hassle-free and can be done in just about 30 minutes by simple steps below:

1. Log on to the official website of Finvasia which is Finvasia.com and click on ‘Open an Account.’
2. Next, enter your PAN number, Date of Birth, email ID, and select any password.
3. Submit the form with the above details. With this step, your details have been submitted successfully.
4. Next, enter your bank details, bank name, branch name, account number, account type, IFSC code, and MICR code.
5. Enter your mother’s name, maiden name and enter your Demat details if you want to link your existing Demat with Finvasia otherwise leave it blank.
6. Select your segments in which you want to open your account like NSE, BSE, MCX, currency, and commodities.
7. Click on Demat if you want to open a new Demat account with Finvasia.
8. Click yes and submit the details.
9. Upload the scanned copy of documents as mentioned on the screen and submit it.
10. Select software of your choice. The system will let you know of the charges of the software selected. Submit the details.
11. You will next receive an OTP on your registered mobile number and email ID.
12. Enter OTP and submit it.
13. Verify your details and confirm it.
14. The back office will then evaluate your documents in a couple of minutes.
15. You will receive a confirmation mail and SMS from the back office saying that your account has been verified and giving you the unique client code.
16. Complete the KYC. In case you don’t have your Aadhar number, download the KYC documents, fill it manually and send Finvasia its physical form at its head office.
17. Enter your Aadhar number, confirm and submit it. You will receive an OTP on your Aadhar registered mobile number and email ID. Enter OTP and submit it.
18. Your request is next processed, and your account is opened.
19. You will get your login ID and password within a couple of minutes.

You can also view your profile information like profile info, address info, bank info, depository account details, platforms and softwares, documents and KYC documents.

Finvasia Account Opening Status

The status of an account can be checked with Finvasia by placing a call at their helpline number at 0172 667 0000 or writing them an email at [email protected]

Finvasia Account Opening Form

All the form required for account opening like the NCE/BSE form, Demat form and the MCX/NCDEX form can be downloaded at https://www.Finvasia.com/download. You can fill the online account opening form at https://login.Finvasia.com/register

Finvasia Account Closure and Deactivation

To close an account with Finvasia, the client has to:

1. Submit the account closure request in writing.
2. To process further this request, a balance confirmation for funds and securities is required.
3. After the confirmation, the account will be closed, and the funds and securities shall be transferred from the client’s account.

In the end, the intimation for account closure and final statements of the accounts for funds and securities will be sent to the client by registered post.

Finvasia Account Reactivation

An account in which no transaction is done for six months is considered to be a dormant or inactive account. Trading limits are suspended from such an account, and the account is de-mapped from a trading platform. Any funds or securities lying in such an account are transferred into the designated bank account, or Demat account of the client and the client is duly intimated. To reactivate a dormant/inactive account, the client has to submit the request in writing along with a copy of PAN card and latest financial details.