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: Click on the below link, select resume application, and log in by entering your registered mobile number and OTP - ...
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 be charged with the Account Maintenance Charges but if your Basic Service Demat Account value does not exceed Rs. 50,000 a year then you will not be charged AMC. This facility, ...
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 account number is your login id. Step 3 By default, your password will ...
Can I link joint bank accounts with my Swastika account?
Yes, you can link a bank account in which you’re a joint holder. The procedure is similar to linking a normal single holder bank account.
Can I add another person as a Joint holder to my account?
You will be unable to add another person to your existing joint holder account. You will have to deactivate your existing account and open a new account as a Joint account. Moreover, not more than 3 members, including you 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 should be registered in the first holders’ name and communication will be provided 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 is allowed to open a Demat & Trading account with Swastika by obtaining a Portfolio Investment Scheme (PIS) permission letter from Reserve Bank of India (RBI). They also have to link their Non-Resident Ordinary ...
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 0.3% 0.03% 0.03% Rs. 50 per lot STT/CTT 0.1% on ...
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 have to sign a DIS, which is generally free of cost. The account holder has to be the same person. You can also transfer shares from one Swastika account to ...
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- 0.30% on delivery 0.03% on intraday & futures ₹50 per lot on the trade of options
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. But we would recommend you to open a new DEMAT account at Swastika. This would provide you with a seamless and paperless online investment experience. ...
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 your nominee. In case, he/she is a minor, you need to provide guardian details for him/her in the KYC.
Is nomination mandatory for a demat account?
No, it is optional and depends on your choice. Though, we do recommend all our clients to add a nominee to their account. You can add up to 3 nominees for your account. The preference will be according to the percentage chosen for each person.
Do I need to open a demat account for commodities?
No, there is no compulsion. If you still wish to, let our executive know.
Do I need to open a demat account for currency?
No, there is no compulsion. If you still wish to, let our executive know.
I already have a demat account. Do I still need to submit my documents?
Since you already have a Demat A/c, you do not have to resubmit your documents. You should probably be KRA registered. KRA is KYC (Know Your Client) Registration Agency. You have to let us know PAN so that we can check. If you are KRA registered we ...
What are the documents required to open a demat & trading account with Swastika?
For Indian resident individuals To open a demat & share trading account you need the following documents Your PAN Card Your valid Government approved address proof (any one of the following)- Aadhar Card Driver's Licence Passport Voter's ID Ration ...