FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

SAMCO Account Opening Review 2024

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SAMCO Account Opening
Open Instant and Online account with SAMCO in 15 mins.
Open an account with india's leading broker.

Want to open an account with SAMCO? You are at the right place. Get the complete step-by-step SAMCO digital account opening process, charges and AMC fee, required documents, account opening PDF forms, and process to close SAMCO account.

SAMCO has a fully digital or paperless account opening process. The online account opening journey with SAMCO takes a few minutes and that too for free. SAMCO discount broker allows customers to open a trading and demat account at Rs 0 charges.

SAMCO trading and demat account allows you to trade or invest in equity intraday, delivery, equity F&O, currencies, commodities, IPOs, and mutual funds at maximum Rs 20 per order brokerage.

SAMCO Account Opening Charges

SAMCO charges Rs 0 account opening fee for trading and demat account and also charge Zero Demat AMC for the 1st year.

Trading Account Opening ChargesFree
Trading AMCFree
Demat Account Opening ChargesFree
Demat AMCRs 400 PA (Free for 1st year)

Types of Accounts offered by SAMCO

  1. SAMCO Trading Account: To trade in equity and derivatives segment.
  2. Equity DEMAT Account: To hold shares and securities in dematerialized form.
  3. Commodity Trading Account: To trade in commodities futures & options contract on MCX.
  4. Mutual Fund Account: To invest in mutual funds.

SAMCO Online Account Opening Process

Open a free SAMCO account in a completely seamless and paperless manner. The broker has a very simplified and smooth online account opening process.

If your aadhar is linked with your mobile number, you can choose to open an online account with SAMCO in less than 5 minutes.

Steps to open SAMCO Demat and Trading Account Online;

  1. Head to SAMCO website and click on Open an account.
  2. Register with your mobile number and OTP.
  3. PAN verification: Enter and verify your PAN card number.
  4. Enter your basic personal details like mother’s name, income, occupation, etc.
  5. Verify your email by providing your email ID and OTP.
  6. Bank details verification: Enter your bank account number and other details like IFSC code, etc. and verify it. All the fund transfer requests (deposits and withdrawals) will be processed from the linked bank account only.
  7. Select trading segment: Select the segment you want to trade in be it BSE, NSE, Equity F&O, commodity, or currency.
  8. Upload documents: Upload all the required documents for verification purposes.
  9. E-sign the form: Verify all the details, and documents, and e-sign or digitally sign the SAMCO account opening form using your Aadhar details.

SAMCO Offline Account Opening

Have not registered your mobile number with Aadhar yet? No worries, as you can still open a trading account with SAMCO offline. SAMCO charges Rs 200 as offline account opening fee.

To open a SAMCO account offline, download the SAMCO account opening form from the broker’s website and take a printout. Fill in the basic details required, affix your signature, enclose it with necessary supporting documents, and courier all to the SAMCO registered office.

SAMCO Securities Limited

1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra, India.

SAMCO Account Opening Documents

Here is a list of documents required for SAMCO account opening;

  • Passport size photograph
  • PAN card
  • Aadhar card
  • Bank account proof i.e., bank statement, passbook, cancelled cheque, etc.
  • Address proof i.e., driving license, voter ID, passport, etc.
  • Income proof only required, if you want to trade in F&O segment.

SAMCO Account Opening Status

Want to track your account opening application with SAMCO? If so, head to broker’s website >>>open an account option>>> enter your mobile number and the status will be visible.

If you still have any query, call to the SAMCO customer care representatives at 022-2222-7777 or 022-4503-0450 between Monday to Friday from 9 am to 7 pm IST.

SAMCO Account Opening Form

SAMCO account opening forms are available on its official website. Go to the broker’s website >>> utilities >>> downloads. Enter your name, email ID, mobile number, and then select the required form i.e., trading account opening form, demat account opening form, or commodities trading account form, and submit. The account opening form will be downloaded on your system.

SAMCO Account Closure Process

Can I close SAMCO Demat account online? No, SAMCO only allows offline account closure. Before closing your Demat account with SAMCO, ensure the following;

  • Clear all pending dues with SAMCO by receiving a no-dues receipt
  • Transfer all your holdings or securities in another Demat account.

To close your account with SAMCO, you have to fill out the SAMCO account closure form and send it to the SAMCO Mumbai office. You can get the account closure request form by either calling at the customer service desk or you can download it from the website.

SAMCO Account Closure Form

Once the CRM team receives duly filled account closing form, it will get 7 days to close your account.

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

  • Free account opening: If you open a 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.
  • 100% brokerage cashback for 1st month: For the first month, SAMCO offers 100% brokerage cashback if you trade on its app.

SAMCO Promo Code

SAMCO don’t have any promo coupon, but Free one-month trades using SAMCO trading 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 2023-09-15