How To Open Swastika Investmart Demat Account – Step By Step Guide

Introduction

Swastika Investment is a part of Swastika Group which has been a very old legacy of diversified businesses since 1959 but Swastika Investmart was earlier known as Swastika Fin Lease. It came into existence in 1992. Swastika Investmart came with its 1^st public offering in 1995 of 15 lac shares of 10 Rupee each.

Now, Swastika is providing a wide range of financial solutions like Equity, Commodity, Currency and it is also a depository participant with both the major institutions, CDSL and NSDL.

Portfolio management and Investment advisory services along with technical and fundamental research is an extra edge of Swastika Investmart.

Swastika Investmart Demat Account Opening Process

Swastika Investmart is a very old and experienced firm in financial markets, so if you are planning to invest or trade into the stock market, Swastika Investmart is the right destination for you with its Demat account delivering satisfactory services for last 2 decades.

One can simply open Swastika Investmart Demat account offline by visiting its office. Offline KYC process has been very lengthy for decades and with developing time and changing work scenarios people kept on getting busy in their work life and here with the help of technology online registration processes started evolving rapidly.

Swastika Investmart also has a very convenient and less time taking online account process, which hardly takes 5 min to complete.

Following are the steps of verification to get your Demat account Activation:

• Landing on the below-mentioned web page, one can fill his/her authentic details:

• A representative from Swastika Investmart gives a callback and confirmation on SMS upon receiving the correct details.
• The SMS contains the online web link to proceed for the upload of KYC documents like PAN, Adhar, and Voter ID, etc.
• At this point if all the KYC documents are verified by the brokerage firm successfully one gets the confirmation SMS and email or otherwise its rejected.
• Username and password are informed to the traders and investors via SMS and email, which helps to log in to the dashboard successfully.

Advantages of Swastika Investmart Demat Account:

Demat account of Swastika Investmart has proven itself to be one of the best accounts along with satisfactory services. Few major features of Demat account are as followed:

1. Offline Telephonic support:

There are so many traders in the market who are not comfortable with online order placement and self-monitoring of their trade and investment. In such cases, telephonic assistance and assigned operators to traders play a major role in the satisfaction of the clients.

2. Online Trading Platform:

No doubt, offline assistance gives a personal relationship touch and support but due to human errors and frequent error-based losses, traders have been taking less interest in it. Thus, most of the traders want to control their trades and online platforms to make it happen perfectly and even record-keeping, and transparency helps to track the performance very easily.

3. Expert Investment Advice:

It is quite common and known that most of the people have money to invest but don’t have good ideas and advice. Here the role of the experts comes into stock markets who are consistently involved in technical and fundamental research to help even the new traders a lot.

Swastika Investmart Demat Account Charges

Brokerage Charges of Demat Account

AMC and other charges:

How Long Does It Take to Open Swastika Investmart Demat Account?

Swastika Investmart Demat account activation is one of the very easy accounts opening processes among top old and experienced brokerage and new discount brokerage houses.

The Offline account opening process takes around 4-5 working days because manual hard copies of the account opening form along with KYC documents need to be verified by the back end team.

But online account opening hardly takes 5 min via the Swastika Investmart website.

How to Close Swastika Investmart Demat Account?

It’s really a very difficult process to close the account with any of the brokerage firms so as with Swastika Investmart because client acquisition requires so much effort for any organization and they cannot make it an easy process to lose their client.

A trader can have around 4-5 Demat accounts at a time and with changing scenarios, a trader might think to switch from one Demat account to another one or might think to close the dormant or unused accounts.

Still, there is a closure process with Swastika Investmart available.

One needs to collect the offline account closure form from the nearest branch or the same can be downloaded from the website where all the required forms are available at one place easily.

Following is the page from where all different kinds of forms can be downloaded:

Account closure form which can be downloaded from this given link is as following:

This form along with DIS (Deposit instruction slip) is to be submitted or emailed to Swastika support email id or nearest branch office. If any security is to be transferred from Swastika account to another account.

Once all the required documents along with closure form are submitted and verified successfully the account is closed within 4-5 working days.

Swastika Investmart Demat Account Pros & Cons

Swastika Investmart Pros:

1. Expert team for successful Investment Advice
2. Use the friendly trading platform
3. Disciplined back office support team
4. Very low ad competitive brokerage charges
5. Easy and smooth fund transfer facilities online.
6. Transparency is maintained by online reports.

Swastika Investmart Cons:

1. Swastika Investmart is a very experienced brokerage firm but still, they expect fewer customer reviews and feedbacks for their system development.
2. Consistently updating its trading platform is no doubt a major concern for Swastika Investmart but still, it needs to be updated on a regular basis for client satisfaction and a better experience.

Conclusion

Swastika Investmart Demat in nutshell is one of the most reliable and sustainable brokerage firms and being listed in the stock market, it has a strong foundation in the financial market.

Competitive brokerage charges and state of the art trading platforms have made it consistent in the market due to which they have more than 1 lac happy customers across in India.

Success is always a byproduct of a strong network of any business so as with Swastika Investmart. It has created a great and strong network of around 102 branches in the country, more than 2200 sub-brokers and a team of around 822 market experts and experienced people in customer support and sales.

It has always stayed rooted with the core values of the business and that’s the reason the next generation management is running it strongly with a forward-looking perspective. They are continuously engaged with their backend team to get every individual feedback for every nitty-gritty development in the organization.

Swastika Demat Account FAQs

Which city Swastika Investmart firm is based at?

Swastika Investmart is based at Indore Madhya Pradesh and it is having its registered office in Indore only.

Why Swastika is more reliable to join?

Swastika Investmart having experience of decades in business and financial markets and its next generation having expert knowledge in the field is heading the business for continuous development and growth of the business.

Can I convert my physical security certificate to Demat at Swastika Investmart?

Yes, Dematerialization of the securities can be applied at Swastika Investmart as it is a DP with both the major institutions CDSL and NSDL.

What is the meanings of Intraday and delivery positions?

The Intraday position is the position which is bought and sold on the same day in a trading session and the position which carries forward to another day is called a delivery position.

What’s the difference between Equity and F&O?

Equity Cash is the segment where position can be bought and held in the Demat account for as long as the traders and investors want to hold and even there is no restriction of the quantity of the securities. Whereas in the case of F&O a trader has to take care of so many things like fixed lot size of the share, F&O’s have fixed monthly and weekly contracts, etc.

Can I get telephonic support and an assigned operator at Swastika?

Yes, you can get the telephonic support and assigned operator at Swastika Investmart because this brokerage firm has a very dedicated and disciplined dealing team.

Are investment advice and fundamental reports of Swastika Investment paid services?

No these are complementary services with Demat account and there are no charges for such kind of services.

Swastika Investmart Alternative:

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