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Account Opening

The section details information related to opening Trading/demat account with Compositedge, documentation and other nitty- gritties to simplify the account opening process

Looking to open trading/ de-mat accounts with Compositedge

Two possible ways to submit KNOW YOUR CLIENT (KYC) application

 

  • Download the KYC from our website, enter the details accurately as mentioned in the supplementary/ supporting documents, print them out & send them to us along with the self- attested supporting documents

  • Request application by filling out your basic details. We in turn will complete your KYC and send them to you for inserting your photographs and signatures. The same should be submitted back to us along with the self- attested supporting documents

Supplementary documents to open trading/ demat accounts

Submit self- attested photocopies of at-least one of the following documents under each section along with the KYCto complete the account opening process. Also mentioned in the checklist are instances where the original supporting documents are required

ID proof Address proof Income proof
Pan-card Passport Recent IT returns
Aadhaar Card Driving licence Salary slip
  Original of a recent utility bill such as telephone,electricity or gas Latest D-mat account statement
  Recent 6- months bank statement/bank passbook attested by the relevant bank official Recent 6- months bank statement/bank passbook attested by the relevant bank official
  Ration card Net-worth certificate
  Aadhaar card Latest D-mat account statement
  Voter's id  
 

Photographs:
1- Passport size photograph to be affixed for a trading account. An additional photograph if a demat account is also being opened

Note-
- Income proof is binding ONLY for clients trading in derivatives
- Bank statements if submitted can be used as supporting documents for Address and Income proof
- Aadhaar card mandatory for Demat accounts

Account opening charges at Compositedge?

Our account opening charges comprise of:

  • Trading @ Rs.350/- includes equities, commodities and currencies
  • Demat @ Rs.50/-(stamp charges)
  • In case you do not intend to take delivery of stocks, you need not open a demat account

 

Account opening process

Follow the simple steps illustrated below to complete your account opening process. Before sending the completed documents to us, ensure signatures of witnesses, your self- attested supporting documents and a cheque comprising of Account Opening Charges favoring Composite Investments Private Limited

Account Opening

What is KRA?

KRA stands for Know your client registration agency
With a view to bring uniformity in the KYC requirements for the securities markets, SEBI has initiated usage of uniform KYC by all SEBI registered intermediaries.
KRA centralizes all KYC records in the securities market. On opening an account with a SEBI registered intermediary, you are required to fill out your KYC information along with supporting documents. The Intermediary on their part will upload all the material on the system of the KYC Registration Agency (KRA). This KYC information can be accessed by all SEBI Registered Intermediaries while dealing with the same client
For detailed information on the SEBI notification, Click HERE

How does KRA simplify account opening process?

Once the KYC process is completed with a SEBI registered intermediary/ broker, a trader does not have to undergo the entire process again with another intermediary
In simpler words, if the KRA- KYC is already verified, supporting documents such as PAN card & address proof are not essential; as long as the address is the same as the one registered with the original KRA- KYC. In addition, the In- person verification (IPV) is not necessary

Do commodities and currencies exchanges recognize KRA?

Yes, commodities & currencies exchanges in India recognize KRA

SEBI authorized KRA agencies

NSDL Database Management Limited (NDML) and CDSL Ventures Limited (CVL)

What is IPV and why is it necessary?

Exchange norms require intermediaries to complete In-person verification (IPV) of clients signing- up along with their original documents such as pan-card, address, income proofs and so on. For clients based in Bangalore, the IPV will be completed by our representatives stationed here

How do we implement IPV for out- station clients?

The IPV will be established via web-cam. In addition, O/S clients can submit either one of the following docs to complete address proof verification
a) Self- attested originals of utility bills
b) Self- attested photocopies of any one document mentioned under Address proof