Open Share.Market Account (Share.Market Account Opening Process, Documents and Charges)

Share.Market Account Opening Charges are Rs 0 (free) for trading and demat account. Account Maintenance Charges are free for the first year. Thereafter, it is Rs 15 per month, charged quarterly, at the beginning of every quarter. For AMC charges related to BSDA account, you can refer to Share.Market pricing page.

Share.Market or Share(dot)Market is India's one of the discount brokers to offer stock research integrated with unique factor analysis. The platform stands out by combining a user-friendly interface with intelligence-driven investment solutions, including the innovative WealthBasket.

Opening a Share.Market account is an online process where you can open an online account in just 5-10 minutes or less. You can open a trading and demat account via Share.Market app or via the website. The Share.Market application is available in the Google Play Store and the Apple App Store.

Key Facts about Share.Market

• Account opening - FREE & Easy.
• Open your demat in less than 10 mins.
• Trade/invest seamlessly with industry-first features.
• AMC: First Year Free, Second Year onwards Rs 15 per month, charged every quarter in advance. For AMC charges related to BSDA accounts, you can refer to Share.Market pricing page.
• Simple, secure and paperless KYC for Demat account.
• Realtime stock market trading & investing.

Share.Market account opening charges for trading and demat accounts are Rs 0. You can open a free 2-in-1 account with Share.Market. The customers will enjoy an Annual Maintenance Charges (AMC) waiver for the first year. Thereafter, a nominal fee of Rs 15 per month will be charged at the beginning of each quarter. For AMC charges related to BSDA account, you can refer to Share.Market pricing page.

Share.Market offers the following on its online trading platform: Shares, ETFs, Futures & Options, WealthBaskets and IPOs.

Share.Market Account Opening Process

1. Open the Share.Market website or App.
2. Enter your mobile number and verify with OTP.
3. Click on “Open Account”.
4. Enter your PAN details.
5. Check Terms & Conditions and then click on Proceed (or change the PAN number if it is incorrect).
6. Digilocker Document Fetcher: Enter the Aadhaar number and the mentioned text to retrieve the documents from Digilocker.
7. Enter the OTP and Digilocker PIN code and click on the "Allow" option.
8. KYC and personal details: Gender, marital status, occupation, date of birth, parents name and click on 'Proceed'.
9. Select the income range and your trading experience.
10. Check the boxes on the declaration form and select the withdrawal range.
11. Add the nominee details: nominee's name, date of birth and relationship to the nominee.
12. Link your bank account:
    1. Select your preferred UPI app to make a payment of Re 1 (this will be refunded).
    2. 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).
13. Click on a selfie and upload it.
14. Upload a picture with your signature.
15. Complete the e-signature by entering the Aadhaar number and OTP received on the phone.
16. Set a passcode and wait for the verification process to complete.
17. The Share.Market team will send you an email about the account activation.

Documents required to open a demat account with Share.Market

1. Proof of Identity (PAN Card, Aadhaar, etc.)
2. Any mobile number linked to Aadhaar to receive Aadhaar OTP.
3. Bank Account Number and IFSC code.

Share.Market Account Closure

Following is the process to close Share.Market account online:

1. If you have no holdings (process for mobile app)

1. Login to Share.Market account.
2. Go to the profile option, and click on Contact Support.
3. Select "Managing My Account"option and then account closure.
4. Download the form, fill it out digitally and e-sign it via DigiLocker.
5. Save the e-signed form and then navigate to your profile picture > Help Center > View Tickets.
6. Locate the ticket titled Account Closure, upload the e-signed form and submit it.

2. If you have no holdings (process for web)

1. Login to Share.Market account.
2. Tap your profile picture and tap Trading Account
3. 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)
4. Tap Close Account

3. If you have holdings

1. Login to Share.Market account.
2. Click on the Contact Support button.
3. Download the account closure form and the DIS form and fill them out digitally.
4. 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.
5. Sign a blank sheet of paper and scan your signature.
6. Combine the completed account closure form, the DIS form, the scanned signature and the CMR. E-sign the combined document with DigiLocker.
7. Save the e-signed document and then go to your profile picture > Help Center > View Tickets.
8. Find the ticket marked Account Closure, upload and submit the merged document.

4. Process to close Share.Market account offline

Alternatively, you can mail the e-signed form to:

PhonePe Wealth Broking Pvt Ltd
Office – 2, Floor 3, Wing A, Block A,
Salarpuria Softzone, Bellandur Village,
Varthur Hobli, Outer Ring Road,
Bangalore South, Bangalore,
Karnataka – 560103, India

T&C Apply