Account opening
Can I modify my account details?
Yes, you can modify the following account details anytime - Mobile number Email ID Address Bank account details Step 1: Login to the Swastika trading application Step 2 : Open the navigation bar and scroll down to "Settings." Step 3 : In the ...
If I do not operate for a few months, will I still be charged account maintenance?
Even if there are no transactions executed in your account, you will still incur Account Maintenance Charges (AMC). However, if the value of your Basic Service Demat Account does not exceed Rs. 50,000 in a year, you will not be charged an AMC. This ...
What is POA in Demat Account meant for?
POA is a legal document which stands for Power of Attorney. It gives authorization wherein beneficial Owner/you appoint Swastika as a lawful attorney and grant them permission to conduct transactions and transfer shares on your behalf. The benefit to ...
Can I see my linked account activity in one place?
Yes, you can view the linked account activity in the reporting dashboard. Step 1 Log into the dashboard using this link- https://swastikabo.swastika.co.in/WebClient/ Step 2 Your client code is your login id. Step 3 By default, your password will be ...
Can I add another person as a Joint holder to my account?
You cannot add another person to your existing joint holder account. You will need to deactivate your current account and open a new one as a joint account. Additionally, no more than three members, including yourself, can be added to a joint ...
Can I open Joint Demat account with Swastika?
Yes, it is possible to open a joint Demat account with Swastika, with a maximum of three holders. The trading account will be registered in the name of the first holder, and all communication will be sent to the first holder only. A maximum of three ...
What are the documents required to open a corporate demat account with Swastika?
For Corporates only Documents required to open demat accounts (corporate) are: Any Limited Company falls under this category. Duly filled KYC forms of each holder. Duly filled demat account(corporate) opening forms signed across the photograph of ...
How to open an account as an NRI?
For an NRI only A Non-Resident Indian (NRI) is allowed to open a Demat and Trading account with Swastika by obtaining a Portfolio Investment Scheme (PIS) permission letter from the Reserve Bank of India (RBI). They must also link their Non-Resident ...
Are there any additional charges, other than brokerage?
There aren’t any additional or charges, however, you have to pay the standard government taxes. CHARGES EQUITY DELIVERY EQUITY INTRADAY EQUITY FUTURES EQUITY OPTIONS BROKERAGE 0.5% 0.05% 0.05% Rs. 69 per lot STT/CTT 0.1% on buy and sell 0.025% on the ...
I already have shares in my old demat account. Can I transfer them to Swastika?
Yes, it is possible to transfer shares from another Demat account to Swastika’s account. You will need to sign a DIS (Delivery Instruction Slip), which is generally free of cost. The account holder must be the same person for the transfer. You can ...
What are the different brokerage slabs available?
There are different slabs available and this depends on the Margin amount provided. However, here are the standardised charges- 0.50% on delivery 0.05% on intraday & futures ₹69 per lot on the trade of options Que :- How can I check my brokerage slab ...
Is there an account opening fee?
We do not charge the account opening fee. However, we do offer trading and Demat account plans to choose from. They are as follows- PLANS STANDARD PRO ULTIMATE ACCOUNT MAINTENANCE CHARGE ₹250/P.A. NO AMC NO AMC AMOUNT PAYABLE ₹250 + GST & ₹150 for ...
I already have a Demat Account. Can I only open a Trading account with you?
Yes, you can easily open a trading account with Swastika by linking your existing demat account. However, we recommend opening a new DEMAT account with Swastika to ensure a seamless and paperless online investment experience. If you use a demat ...
Do you provide any trading recommendations?
Yes, we provide trading recommendations. As a full-service premium broker, we believe in providing the finest guidance possible depending on the client profile. We have a dedicated research team that provides all kinds of recommendation services ...
Can my children be my demat account nominee?
Yes, you can nominate your children as nominees. If your child is a minor, you will need to provide guardian details in the KYC documentation.
Is nomination mandatory for a demat account?
Yes, it is mandatory for all our clients to add a nominee to their account, although clients also have the option to opt out of adding nominees. You can add up to three nominees for your account, and their preference will be determined by the ...
I already have a demat account. Do I still need to submit my documents?
Since you already have a Demat account, you do not need to resubmit your documents. You are likely KRA validated, as KRA (Know Your Client Registration Agency) handles KYC registration. Please provide us with your PAN so we can verify your KRA ...
What are the documents required to open a demat & trading account with Swastika?
For Indian resident individuals Now you can easily open your account faster and more conveniently with a document-less eKYC process. No need to upload PAN or Aadhar No need to manually enter account number and IFSC No need to upload a bank statement ...