Monarch Networth Demat Account Charges, Review, Opening

Monarch Networth Capital Limited is a depository participant registered with CDSL and NSDL. It offers a 2-in-1 account, combining trading and Demat accounts, for seamless fund transfers and investment management. The Demat account allows investors to trade in equities, derivatives, commodities, currencies, mutual funds, and IPOs.

MNCL Demat Account also includes Rs.350/- p.a. (First 6 Month Free) AMC (Annual Maintenance Charge). It is charged after six months from the account opening date. Note that Monarch Networth account opening charge does not include AMC and is free.

Monarch Networth Demat Account Opening

Opening a Demat account with Monarch Networth is simple, straightforward, and entirely online. The steps include:

1. Verify mobile number and email with OTP.
2. Enter PAN, Date of Birth, and bank details.
3. Take a selfie and proceed.
4. E-sign application and complete KRA validation with Aadhaar OTP.

Monarch Networth Demat Close

To close your Monarch Networth Demat account, follow these steps:

1. Visit the Monarch Networth website.
2. Navigate to the "Open an Account" section.
3. Select the option to update your account (for existing customers).
4. Click on "Account Closure," enter your client code, and complete the process.

Monarch Networth Demat Charges

Monarch Networth trading and demat account opening fees are Rs 0 (Free). Monarch Networth charges Rs 350 PA per year demat account AMC. Monarch Networth demat debit transaction fee of Rs 20 or 0.025% (Whichever is higher) per debit transaction.