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Apollo Money Demat Account Opening, Trading Platform and Reviews 2024

 
 
 

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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:

Account TypeCharges
Demat Account Opening Charges₹0
Demat Account AMC ChargesRs. 300 per Year (Individual)
Trading Account Opening Charges₹300
Trading Account AMC ChargesRs. 300 per Year (Individual)


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

Email: registration@apollomoney.com


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Frequently Asked Question

Yes, Apollo Money Brokerage provides educational resources for investors.
Yes, PSB Securities Limited offers research reports on specific stocks like equity, mutual funds, etc.
Yes, Apollo Money Broker provides users with a detailed transaction history. You can easily track your past transactions, view exchange rates, and monitor your account activity through your personalized dashboard.
Demat Account AMC Charges in Apollo Money broker is Rs. 300 per Year (Individual).
For any further assistance, you can reach out to our customer support team via email at registration@apollomoney.com or through the contact form on our website. We are here to help and ensure a smooth experience for all our users.
Customer care number to contact the broker Phone: 044 71300320 / 71300324 / 71300395.
Yes, Apollo Money Broker prioritizes the security of your financial transactions. We use advanced encryption and authentication measures to safeguard your data and ensure a secure environment for all users.
Yes, Apollo Money provides investment advisory services.
Signing up for Apollo Money Broker is simple. Visit our website, click on the "Sign Up" button, and follow the registration process. You will need to provide some basic information to create your account.
Demat Account AMC Charges in Apollo Money Broker is Rs. 300 per Year (Individual).
Yes, you can invest in IPOs through Apollo Money Brokerage.
Apollo Money Broker is a financial platform that facilitates seamless transactions and currency exchanges. It's designed to provide users with a secure and efficient way to manage their money across different currencies.
Documents needed are Proof of Identity, Proof of Address, Bank Proof, latest passport-size color photograph.
Apollo Money Broker Private Limited was founded in 2009.
Demat Charges in Apollo Money Broker is ₹50 per request.
Demat Charges in Apollo Money Broker is ₹50 per request.
Yes, Apollo Money Brokerage provides a mobile app called the “Mobile trading application” for trading in the stock market.

Apollo Money Reviews