Open a Free Demat account now! Yes, Share.Market charges ₹0 account opening fee on its trading and demat account. The demat Account Maintenance Charge (AMC) is also free for the first year. From the second year onward, AMC is ₹15 per month charged quarterly in advance. For AMC charges related to BSDA account, you can refer to Share.Market pricing page.
Open Share.Market trading account online using its mobile app or website. The trading account by Share.Market allows traders and investors to make equity intraday and delivery trades, derivative trading, applying in IPOs, and invest in WealthBasket.
Share.Market Account Opening and AMC Charges
| Transaction |
Charges |
| Trading Account Opening Charges |
Free
|
| Trading AMC |
Free
|
| Demat Account Opening Charges |
Free
|
| Demat AMC |
Rs 15 per month (Free for 1st Year)
|
* From second year onward, Share.Market demat Account Maintenance Charge (AMC) of ₹15 per month is charged on quarterly basis in advance. This means you will be charged ₹45 as quarterly AMC + 18% GST.
Why Open an Account with Share.Market by PhonePe?
- Zero Account Opening Charges
- Instant paperless account opening with DigiLocker
- Invest in equity and equity derivatives segments
- WealthBasket, an intelligence and research-backed basket of stocks and ETFs
How to Open Share.Market Demat and Trading Account Online?
Share.Market by PhonePe allows you to open a paperless demat account online using its Share.Market mobile app. The broker offers a 100% online account opening process that takes hardly 5-10 minutes to open a demat and trading account.
You can open an account instantly by doing a one-time KYC and finishing your account setup journey.
Step-by-Step Process to Open Share.Market trading and demat account online;
- Open the Share.Market website or App.
- Enter your mobile number and verify with OTP.
- Click on ''Open Account''.
- Enter your PAN details.
- Check Terms & Conditions and then click on Proceed (or change the PAN number if it is incorrect).
- Digilocker Document Fetcher: Enter the Aadhaar number and the mentioned text to retrieve the documents from Digilocker.
- Enter the OTP and Digilocker PIN code and click on the "Allow" option.
- KYC and personal details: Gender, marital status, occupation, date of birth, parents name and click on 'Proceed'.
- Select the income range and your trading experience.
- Check the boxes on the declaration form and select the withdrawal range.
- Add the nominee details: nominee's name, date of birth and relationship to the nominee.
- Link your bank account:
- Select your preferred UPI app to make a payment of Re 1 (this will be refunded).
- Select the name of the bank, IFSC code, type of bank account and account number and deposit Re 1 from the account (Re 1 will be refunded).
- Click on a selfie and upload it.
- Upload a picture with your signature.
- Complete the e-signature by entering the Aadhaar number and OTP received on the phone.
- Set a passcode and wait for the verification process to complete.
- The Share.Market team will send you an email about the account activation.
Share.Market Account Opening Documents
- PAN card
- Aadhaar card
- Bank account verification through penny drop/ reverse penny drop
- Selfie
- Signature
- Income proof to trade in F&O segment
Share.Market Account Activation Status
Once you've completed the Share.Market online account opening process, your demat and trading account will be activated within 3 working days (subject to confirmation from exchanges). After you've e-signed the form, you will receive the Client Master Report (CMR) and Account Opening Form (AOF) on your registered email address.
If your account is not activated within 3 days, raise a ticket to the support desk for activation.
How to close Share.Market Demat Account Online?
Share.Market by PhonePe allows you to close your demat account online. Following is the process to close Share.Market account online:
If you have no holdings (process for mobile app):
- Login to Share.Market account.
- Go to the profile option, and click on Contact Support.
- Select "Managing My Account"option and then account closure.
- Download the form, fill it out digitally and e-sign it via DigiLocker.
- Save the e-signed form and then navigate to your profile picture > Help Center > View Tickets.
- Locate the ticket titled Account Closure, upload the e-signed form and submit it.
If you have no holdings (process for web):
- Login to your Share.Market account.
- Tap your profile picture and tap Trading Account
- Tap Account Information (Note: Please ensure you've sold all your holdings, closed all positions, cancelled all orders and active SIPs, withdrawn all funds, and downloaded all reports for future reference)
- Tap Close Account
If you have holdings:
- Login to Share.Market account.
- Click on the Contact Support button.
- Download the account closure form and the DIS form and fill them out digitally.
- Obtain the Client Master Report (CMR) from the broker you wish to transfer your holdings to and ensure it is signed by an authorized representative.
- Sign a blank sheet of paper and scan your signature.
- Combine the completed account closure form, the DIS form, the scanned signature and the CMR. E-sign the combined document with DigiLocker.
- Save the e-signed document and then go to your profile picture > Help Center > View Tickets.
- Find the ticket marked Account Closure, upload and submit the merged document.
