INDmoney Demat Account Charges, Review, Opening

INDmoney Private Limited is a CDSL registered depository participant offering a free demat account that allows users to invest in the Indian stock market and mutual funds. INDmoney offers a 2-in-1 account that combines trading and demat accounts to enable seamless fund transfers and investment management.

The company carries out the business of a stockbroker and custodian. The INDmoney account allows investors to trade in Indian stocks, US stocks, mutual funds, F&O, IPO and NPS.

Opening a demat account with INDmoney is simple, easy and fast, with no hidden charges.

INDmoney offers zero demat and trading accounts and no annual maintenance fees.

Key Features of INDMoney Demat Account

• Open a demat account for free with just your PAN, Aadhaar and eKYC
• Complete the onboarding process online
• Set real-time price alerts for the stocks on your watchlist
• Daily news updates and insights on the companies in the Indian stock market
• Set up SIPs in stocks, ETFs and mutual funds for free
• Track all your finances, including demat accounts, in one place
• Check your CIBIL and Experian credit score for free
• Use advanced encryption and security protocols to protect your data
• Easily buy, sell and transfer shares without the hassle of paper certificates
• Store your securities safely and securely in electronic form
• Conduct smooth and fast transactions

INDmoney Demat Account Opening Process

INDmoney offers an easy-to-use demat account for beginners. You can open your demat account quickly and free of cost by digitally enrolling with your PAN and Aadhaar. The steps include:

1. Access to the INDmoney platform via its website or mobile app
2. Create an account by providing basic information such as your name, phone number and email address.
3. Navigate to the "Shares' section and select the option to open a Demat account.
4. Provide the required information such as your PAN card number, bank account details and other personal identification documents.
5. Upload your Aadhaar card and other required documents for online verification.
6. Digitally sign the required forms to open a Demat account.
7. Once your KYC is verified, your demat account will be activated so that you can start trading shares.

INDmoney Demat Account Refer and Earn

The INDmoney referral program allows users to earn a reward of Rs. 500 for every successful referral. The reward is credited to the user's INDstocks balance within 3–5 working days.

How can you refer a friend or family member to INDmoney?

• Download the INDmoney app
• Enter your details, including your PAN card information
• Use the referral code during the sign-up process
• Complete your profile and submit it
• Log in to see your IND coin

INDmoney Demat Charges

INDmoney trading and demat account opening fees are Rs 0. INDmoney charges Rs 0 per year demat account AMC. INDmoney demat debit transaction fee of DP charges: Rs 18.5 + GST per ISIN per Transaction. Male - Rs 3.50 (CDSL) + Rs 15.00 (INDmoney Charge). Female - Rs 3.25 (CDSL) + Rs 15.25 (INDmoney Charge) per debit transaction.