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Open Account in Motilal Oswal 2024

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Motilal Oswal Securities Ltd Account Opening
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Motilal Oswal offers 2-in-1 accounts (Demat + Trading) services to its customer free of cost. Along with this the 1st year AMC is also free. This broker allows the easiest way of opening an account in Motilal Oswal by visiting its website. The overall account opening process will take only 5-10 min only. As your account gets activated, you can enter the stock market. And can start trading or investing funds or both. Motilal Oswal also gives you a dedicated personal advisor completely free of cost to help you in terms of finance.

Motilal Oswal Account Types

Motilal Oswal offers 2-in-1 account i.e. Trading and Demat Account. Only trading or demat account can be opened too.

Account Opening Process in Motilal Oswal

  1. Online (paperless) process

    1. Go to Motilal Oswal's official website or simply click on this link.

    1. Enter your Mobile Number and Referral Code (If you have one).
    2. Hit on “Open Demat Account”.
    3. Enter your E-mail ID and proceed.
    4. Now select your scheme and proceed.
    5. Now upload your PAN and Aadhar Card.
    6. Fetch all your document for Digilocker by clicking on “Authenticate Aadhar”.
    7. Enter the OTP code from the Mobile (Linked with Aadhar Card).
    8. As all your documents are fetched with Digilocker your KYC will be completed.
    9. Now Enter your Bank details. To confirm it Rs 1 will be credited to your account no.
    10. Upload your live photo by clicking on “proceed to take a selfie” and upload “Signature”.
    11. Enter the OTP code to verify your E-mail ID.
    12. Now Enter your details.
    13. You will redirect to the NSDL E-Sign page, here you need to enter your Virtual ID/ Aadhar.
    14. As your E-Sign process gets completed, you will immediately get the Client ID and Password.

    Now your account has been created and you can download the account opening form and start trading journey with MO platforms.

    Offline Process

    Another way to open account with MOSL is the physical form filling and sending it to the office. The steps are as follows:

    1. Visit Motilal Oswal website
    2. Click on 'Open an Account'.
    3. Select online form with physical signature option if your mobile number is not linked with Aadhaar.
    4. Click on submit and continue form-filling.
    5. Sign the physical copy and send to the head office.
  2. Branch Network

    You can visit any of the Motilal Oswal branches nearby to you and fill up the account opening form available with the company executive.

List of Documents required for Account Opening with MOSL

  • PAN card
  • Aadhar Card
  • Address proof – bank statement, Voter Id, Passport, so on
  • Canceled Cheque
  • Latest photo

Benefits of Motilal Oswal Account

  1. No account opening charge.
  2. 1st yr AMC of Demat account is free.
  3. Easy funds transfer facility – UPI & Net-banking
  4. Solid trading and investing platforms.
  5. Full-service stock broker – Get free personal advisor for financial services.
  6. Trustable Stock Broker - Registered with NSDL and CDSL.
  7. Provide Local or offline service in 500+ cities across all over the country.

Motilal Oswal Account Opening Status

With MOSL, you can track your online application status. Usually the process will take 24 Hrs to 48 Hrs. Track your application at

Motilal Oswal Account Opening Form

The account opening form for trading and demat account can be obtained the download page of Motilal Oswal Website. You can visit near by branch also or request a form over phone to customer care team.

Motilal Oswal Account Closure and Deactivation

As per the SEBI Regulations, the Demat and trading account at Motilal Oswal will be frozen if the account has remained idle for over three years and there have been no transactions in the duration. If the account is not intended to be used, it is advisable to close the account to avoid maintenance charges. The client must take care of the following things before closing a demat and trading account:

  • There should be no debit balance in the account. The outstanding dues have to be paid by the account holder to process closure request.
  • The demat and trading account should not hold any stocks.

To close the account, there are no online process, you need to submit account closure application in physical format only.

Download the Account Closure Form from the company's website. The form has to be printed, filled, signed and submitted at the nearest branch or send to corporate office.

Once the form has been submitted, the company will take appropriate action to close the account. Usually, it takes around 7 to 15 working days to close an account. There is no account closing fee charged to close Demat and trading account at Motilal Oswal.


Motilal Oswal Account Reactivation

A dormant account can be reactivated at Motilal Oswal. You need to submit a physical application for reactivation process. The Account Activation Form is available on company's website or can be request over phone to customer care team.

Is Motilal Oswal Good and Reliable Broker?

Motilal Oswal Securities Ltd and Motilal Oswal Commodities Broker Pvt Ltd are part of the Motilal Oswal group. Motilal Oswal Group is known for its Research and Advisory services in the financial industry. It is equipped with a solid research team, best in class trading platform, easily reachable customer service, PAN India presence with 600+ branches and competitive higher margin/leverage products. All this makes Motilal Oswal a reliable and loyal name in the trading industry.

New Account Opening - How to join Motilal Oswal?

To open a new trading account with Motilal Oswal, you can choose online (paperless) account opening using online platform by Motilal Oswal. For offline mode, please contact nearest branch office.

Request call back from Zerodha

New Account Opening offers with Motilal Oswal

Motilal Oswal Account Opening Offer - Rs 2000 worth of Me-Gold in your account. Not included with any other promotion or offer.

Motilal Oswal Promo Code

Motilal Oswal doesn't have any promo code/promo coupon for new account opening.

Motilal Oswal Referral Code

Motilal Oswal referral program - The Referrer gets Rs 1000 Amazon Gift Voucher and Referee earns Rs 1000 worth of digi- gold. A new account must be open with a minimum margin of 25,000 then only both the parties are eligible for offer.

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


Lets divide this process is 2 section –

  • Step1: Filling online application form and uploading the required documents. This process takes 15 to 30 mins.
  • Step2: In-person verification – This is a mandatory requirement from SEBI, where MOSL customer care representative is going to connect with you and complete verification process. This process will take 5 to 10 mins.

Once In-person verification is complete, account shell be activated instantly. The client code and password mailed to the client.


The required documents for opening an account in Motilal Oswal are given below :-

  • PAN Card
  • Aadhar Card
  • Bank Passbook & Banking Details
  • Passport Size Photo


The account opening charges in Motilal Oswal is Rs 0 (Free of cost). As well as it also offer Zero Charge of Demat AMC for first year.


If you wish to close your account in Motilal Oswal, then follow these simple steps :-

  1. Download the account closer form from the Motilal Oswal official website, for doing this click on the following link :

  1. Download this form, and fill up all the details carefully like Client ID, DP ID, name, etc.
  2. Mention the reason for closing this account.
  3. Courier this form the Motilal Oswal head office.

After verifying the account closer form, your account will be deactivated. And your login ID and password will no longer be in use.

Keep these points in mind while closing an account :

  • In your Demat account, no securities/holdings should remain left. If you have any kind of holdings then you should transfer it into another Demat account by filling up the DIS (Delivery Instruction Slip).
  • All the pending / dues should be cleared, and for any stock, a portfolio should not be Negative.
  • All settlements should be done.


To add a bank account Motilal Oswal follow the procedure :

  1. Login to the Motilal Oswal Official website by the following link :

  1. Go to your profile icon, and then “Personal Details / Transactional Details”.
  2. Tap on the “Bank” option and add a new bank by entering the banking details.
  3. Now your new bank account will automatically be updated.


Motilal Oswal allows you to transfer the funds by UPI mode or Netbanking mode., So to transfer the funds follow the given procedure :-

  1. Log in to your MO Trader or MO Investor app.
  2. Go to your profile icon and then come to the “Funds Section”.
  3. Under the Funds section, choose if you want to add funds or withdraw funds.
  4. To withdraw funds, enter the withdrawal amount and select the bank and proceed.
  5. Shortly you will be notified that your funds are successfully transferred to the bank account.

The same procedure will be applied on add funds to a trading account. In this option, you can add funds through UPI or Net-banking method.


Last Updated on 2023-09-14