FREE Account Opening + Zero AMC Fees* + MutualFund SIP

SAMCO Account Opening Review 2023 2023

Rated 4 stars Rated 4/5 by Top Share Brokers Team
SAMCO Account Opening
Open Instant and Online account with SAMCO in 15 mins.
Open an account with india's leading broker.

Paperless technology is the need of time and SAMCO is ahead of all other discount brokers. With no branch across India, SAMCO, one of the top discount brokers in India majorly focuses on paperless account opening. However, it also provides an account opening form, which can be downloaded easily and need to be sent to the SAMCO office via post. Opening an online account is an instant process where you can open trading and demat account with SAMCO to trade in multiple investment products such as equity intraday, equity delivery, futures & options, commodity, currency, IPO, and Mutual Funds at Rs 20 per executed order or 0.2% per executed trade (whichever is lower). With the SAMCO account, you can trade on NSE, BSE, MCX, and MSEI.

To open an account with SAMCO, you will need a PAN Card, Aadhaar Card, Digital Photo, Cancelled Cheque, and Bank Statement. After Aadhar Verification, your account will get activated within 24 hours. To make a demat account fully functional you need to send a physical signed copy of the POA document.

Scroll the page further to know more about SAMCO demat and trading account opening process, SAMCO account opening charges, required documents, account closure process, and others.

SAMCO Account Opening Types:

  1. Online trading and demat account opening
  2. Download the SAMCO Account Opening form, fill it and send with all required documents to the SAMCO office
  3. Visit the SAMCO office at Mumbai

SAMCO trading account allows you to trade in Equity, Currency, and Commodity if you open a demat account with SAMCO. If one only wants to trade in the F&O segment, then they can open only a trading account with SAMCO. To trade in all other segments, investors need to open the SAMCO 2-in-1 account.

Once your account is active, you are good to start trading using any of SAMCO trading platform. You can transfer funds to your trading account via the payment gateway, NEFT/RTGS, or via cheque payment. SAMCO offers equity delivery, cash, F&O, currency, commodity trading, and Mutual Fund investment.

SAMCO Account Opening Process

Online Process

The online account opening process of SAMCO has made it accessible to everyone. The accounts can be open within minutes and can be operated in 24hrs of updating all documents and Aadhar verification. To open the account on SAMCO, enter your details, such as your full name, email ID, contact number, and register.

Following the submission of all the documents, you need to complete eKYC and eSignature. In eKYC, if a customer has already done KYC with other financial institutions, his/her data is pulled online based on the basic information provided by the customer. In eSignature, customer needs to provide the digital signature through the correct mobile number which is linked to Aadhar and can validate that through OTP. This is a fast, safe, and convenient way of opening trading and demat account with SAMCO.

After verifying the account, SAMCO will credit you with a small token amount to verify your bank account. You need to enter the amount (decimals too). Choose the segment/ instruments in which you wish to invest and start investing.

SAMCO Account Opening Documents

One needs to submit the below-provided documents while opening a trading account with SAMCO:

  • Photograph
  • PAN
  • Bank Proof (Cancelled cheque/ Passbook Front Page)
  • Address Proof (Aadhar Card/ Electricity Bills/ Ration Card/ Phone Bills/ Voter’s ID)
  • Income Proof (Bank Statement/ Demat Holdings Statement/ Form-16)
  • Signature (Should match the one on PAN)

Offline Process

For the offline process, you need to download the PDF form from the SAMCO website by providing your contact details. On printing form, you need to fill it with all your basic details put your signatures, enclose the necessary documents, and courier it to the SAMCO registered office.

SAMCO office address:

SAMCO Securities Limited

1004 - A, 10th Floor, Naman Midtown - A Wing,

Senapati Bapat Marg, Elphinstone Road,

Mumbai - 400 013, Maharashtra, India.

If you have any queries regarding the registration and opening of the account, you can contact to SAMCO customer service at 022-2222-7777 or 022-4503-0450 between Monday to Friday from 9 am to 7 pm IST.

SAMCO Account Opening Form

Anyone of 18+ age can open an account with SAMCO as an individual or non-individual. You need to send all the mandatory documents along with the form to open an account with SAMCO. The broker offers free account opening to all if you open an account in an online manner, but for an offline manner, you need to pay Rs 200 or more depending on the company’s requirement.

Types of Accounts offered by SAMCO

  • Equity and Derivatives Trading Account
  • Equity DEMAT Account
  • Commodity Trading Account
  • Mutual Fund Account

SAMCO Account Opening Charges

Trading Account Opening ChargesFree
Trading AMCFree
Demat Account Opening ChargesFree
Demat AMCRs 400 PA

SAMCO Account Opening Offers:

  1. Free account opening: If you open trading and demat account with SAMCO, you need not pay a single penny. The account opening is totally free no matter in which segment you want to trade. Its depository source is CDSL and the trading account it provides is also free of cost. However, you need to pay a fixed amount of Rs 400 as an account maintenance fee every year.
  2. 100% brokerage cashback for 1st month: For the first month, SAMCO offers 100% brokerage cashback if you trade on its app, StockNote.

SAMCO Account Opening Status:

You can check the account status of SAMCO by calling the customer service of the broker by email. There is no other available way to check the account status.

You can check KYC status with CDSL easily on the SAMCO website easily just by entering your email ID or mobile number. To check your KYC with SAMCO, click here.

SAMCO Products:

SAMCO offers multiple products that satisfy trading and also helps you in saving while trading.

  • For Online Trading
    • Equity Trading at BSE, NSE
    • Commodities Trading at MCX
    • Currency Trading at NSE
  • Depository Services with CDSL
  • For Leverage
    • CashPlus (for equity delivery margins)
    • OptionPlus (for getting leverage on options)
    • StockPlus (get margin against shares trading account)
    • IntraPlus (get margin against shares for intraday trading)
    • BTPT (pay only a fraction of the margin today and the rest in two days)

SAMCO Account Closure Process

To close the account with SAMCO, you need to clear all the dues and have to get a no-dues receipt from the company. You need to transfer all your securities in another demat account if you have SAMCO demat account before closure so that your securities will be safe and you do not lose money. After all this procedure, you need to contact the broker through email for closing your account.

The broker will close your account after satisfying all the requirements for closure. There is no direct process available or any form for SAMCO account closure.

SAMCO Account Modification Process

Any SAMCO client can modify the account details through its account modification form. The modifications one can do through this form are:

  • Change in bank account details
  • Change in demat account details
  • Change in address
  • Change in the contact number
  • Change in the Email ID
  • Change in other details

To change any detail, you need to provide necessary documents related to it. You can download the SAMCO Account Modification Form here.

You can also fill the modification form if you wish to change the trading segments. Modification can be done by providing additional details in the SAMCO Segment Addition Form.

Is SAMCO Good and Reliable Broker?

First discount broker who is giving you wings to get margin funding for Delivery Trades up to 4x. Top notch leverage in industry, SAMCO is leader in advance technology and trading platform, competitive brokerage plan and offering, best in class customer support. Except mutual fund offering, SAMCO is excellent flat fee broker.

New Account Opening - How to join SAMCO?

Opening a Trading and demat account with SAMCO is quick, Please provide your contact details and our sales representative will call you ASAP to explain you the process. As we have mentioned opening a new account with SAMCO is a paperless process, so with the guidance of sales representative, you will be in a position to open an account on the same day.

Request call back from SAMCO

New Account Opening offers with SAMCO

For new account opening with SAMCO, the company is giving attractive offers. All your trades done on SAMCO Mobile App “STOCKNOTE” are free for 30 days. You can do unlimited free trades for 30 days.

SAMCO Promo Code

SAMCO don’t have any promo coupon, but Free one-month trades using STOCKNOTE app is current promotion offer from the company. Enjoy free one month trade with SAMCO.

SAMCO Referral Code

20 free Trade for both + 10% brokerage referral commission.

    In this section we have covered most frequest scenario you have about new account opening. Does SAMCO have any promo code? Does SAMCO have any special Offers? What are the refferal benefit with SAMCO if I refer my friends or family? How can I start my trade with SAMCO? Is SAMCO good and reliable?


No. SAMCO does not allow its clients to deactivate their account. They have to close account if they wish to not trade with the broker anymore. For closing the account, they need to contact the SAMCO Customer Support team via email or phone.


You can transfer funds to SAMCO in three ways:

  • Instant Fund Transfers via Payment Gateway which will be instant and cost Rs 6 per transaction plus GST.
  • Fund Transfers via NEFT and RTGS will take 3-4 hours to transfer funds and is free of cost. Here you need to provide your transfer details to the company.
  • Deposits via Cheques take 3-4 days and is free of cost. Here also you need to provide your transfer details to the company.


You can withdraw only clear balances after the settlement of all dues. For equity, the payout request needs to be placed before 12:00 midnight which will be processed on the next working day and the amount will be credited by 2:00 PM.

For commodity, a request raised before 07:30 midnight will be processed the same working day and the amount will be credited by 02:00 PM by the next working day.


Last Updated on 2023-05-08