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Kavya T
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Kavya TKnowledge Contributor
Asked: May 20, 20242024-05-20T23:00:22+05:30 2024-05-20T23:00:22+05:30In: Finance

Am I eligible to open a trading account?

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Am I eligible to open a trading account?
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  1. Kavya T
    Kavya T Knowledge Contributor
    2024-05-20T23:01:09+05:30Added an answer on May 20, 2024 at 11:01 pm

    The basic eligibility to open a trading account is as under

    You need to be either a Resident Indian, a Non-Resident Indian (NRI), a Person of Indian Origin (PIO) or an Overseas Citizen of India (OCI).
    You should be above 18 years old.
    You should have a functional bank and DEMAT account to link to the trading account.
    You should also have a valid ID and address proof documents and complete the required Know Your Customer (KYC) process.
    If you check both these boxes, you will have complied with the eligibility criteria of trading account and can begin the process of opening the account.

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