Solution home General FAQs

Account opening

Account opening related query

(1) How can I become MSFL's client ? (Trading & Depository)?
Trading (Normal & Derivatives) : A client is required to download the application form available at the site or can submit registration form on the Home...
Wed, 25 Apr, 2018 at 4:08 PM
(2) How long does it take to open Demat account?
Maximum 3 Days.
Wed, 25 Apr, 2018 at 4:09 PM
(3) In how many maximum names can one open an account?
Maximum 3 names can be included.
Wed, 25 Apr, 2018 at 4:09 PM
(4) If the account is opened in the name(s) of A and B, can shares standing in the name(s) of B and A be dematted in the account?
Yes, by using a transposition form.
Wed, 25 Apr, 2018 at 4:10 PM
(5) Can a minor become a nominee?
Yes.
Wed, 25 Apr, 2018 at 4:10 PM
(6) Is nominee's photograph and signature required?
Yes.
Wed, 25 Apr, 2018 at 4:11 PM
(7) Is it possible to switch charging schemes? if yes, when and how?
Yes, client has to submit annexure A for charge of scheme.
Wed, 25 Apr, 2018 at 4:11 PM
(8) Are bank details mandatory for opening an account?
Yes.
Wed, 25 Apr, 2018 at 4:12 PM
(9) What documents are required to be produced for opening an account?
Photo One passport Size photograph Photo identity proof Aadhar card Pan card (compulsory) Voter id card Driving license Passport Address proof (any one) A...
Wed, 25 Apr, 2018 at 4:13 PM
(10) Which documents MSFL will send me regularly through dispatch?
Statement of Transactions Statement of Holding Account Ledger
Wed, 25 Apr, 2018 at 4:14 PM