Apollo Money Account Opening Charges and Process Details
Apollo Money is a brand of PSB Securities Limited, a financial stock broker house that entered the market in March 2009 with its registered office in Chennai. PSB Securities has firmly established itself in the financial landscape, boasting corporate memberships with major entities such as the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi-Commodity Exchange (MCX), National Commodity & Derivatives Exchange (NCDEX), and serving as a depository participant of Central Depository Services Limited (CDSL). PSB Securities Limited, which initially focused on arbitrage strategies, navigated the challenges of the 2008 global financial crisis by entering into direct retail-focused low-discount brokerage schemes. Apollo Money is a financial supermarket, offering unique value propositions to retail clients and business intermediaries through a partnership-oriented vision and a robust trading product suite, including the NOW platform powered by NSE. Apollo Money provides demat and trading account opening facilities to start trading and investing in the stock market.
Apollo Money Account Opening Charges Details
Apollo Money demat and trading account opening charges are as follows:
Documents Required for Opening Accounts with Apollo Money
You need to submit the following documents for opening demat and trading accounts with Apollo Money:
1. Proof of Identity – Copy of PAN Card
2. Proof of Address – Aadhar Card, Passport, Ration card, Voter’s ID, Driving license, Electricity bill (Copy of any one)
3. Bank Proof - Copy of Bank Pass Book or Personalized Cheque Leaf (the most recent 6-month bank statement is required for customers who wish to transact in the Futures & Options segment).
4. The latest passport-size color photograph
Apollo Money Account Opening Process
Apollo Money provides both offline and online processes for opening demat and trading accounts. Customers can choose any process for opening demat and trading accounts with PSB Securities (Apollo Money).
Apollo Money Account Opening Offline Process Steps
Follow the mentioned steps for opening demat and trading accounts with Apollo Money through the offline method:
Gather Documents: Collect necessary documents, including a PAN card, recent utility bills for proof of address, proof of income (if applicable), bank account details, a PAN card, and photographs.
Account Opening Form: Obtain and fill out the account opening form available from the Head Office (HO) or branch of DP.
Form Accuracy: Ensure accurate and complete information on the form; double-check all details before submission.
Attach Documents: Attach photocopies of required documents, such as proof of identity, address, income, bank account details, PAN card, and photographs, as per DP's requirements.
Visit DP's Office: Personally visit the DP's office to submit the filled form and necessary documents. Provide photocopies for verification while retaining the original documents.
Personal Verification: The DP will conduct a personal verification process, which may include a face-to-face meeting or video verification.
Application Processing: After successful personal verification, the DP will process the application for opening a Demat account.
Demat Account Number/Customer ID: Upon successful processing, receive a unique Demat account number or customer ID from the DP, serving as identification for future transactions.
Start Trading: Once the Demat account is opened, link it with a trading account and commence trading/investing in various capital market instruments. Ensure funds are available in the trading account before initiating transactions.
Apollo Money Account Opening Online Process Steps
Visit Apollo Money's official website and click on "Open an Account" for new customers.
Provide the Aadhar Number and initiate OTP generation.
Enter the OTP received on your Aadhar-registered mobile number for validation.
On the IPV page, enter the -digit verification code, capture a photo, and proceed.
Choose segment types for broking details.
Select Income Details and Brokerage Plans, then continue.
Choose the DP Plan, save, and continue.
Enter bank details and nominee information.
Confirm basic details and contact information.
Save and continue to provide FATCA details.
Upload necessary documents.
Review the entered information, and confirm OTP verification.
Finally, re-enter the Aadhar Number and validate OTP to complete the online account opening process with Apollo Money.
Apollo Money Customer Care Contact Details for Account Opening
Phone: 044 71300320 / 71300324 / 71300395