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Any individual, HUF (Hindu Undivided Family), proprietary firm, partnership firm
or a corporate can open online trading account with SMC.
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It is very simple! Just choose from below mentioned options to contact us
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To open an account, following documents are required to be submitted along with
filled up client registration form:
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For Individuals
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A.
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Two passport size photographs (signed across by the
client)
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B.
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Photocopy of PAN card (photocopy should be clearly visible)
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C.
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Proof of Identity a) Passport; b) PAN; c) Voter ID;
d) Driving License; e) MAPIN card
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D.
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Proof of Address
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- Voter ID
- Driving License
- Passport
- Ration Card
- Photocopy of Bank Passbook/Bank Statement (attested by Bank)
- Latest Telephone (landline)/Electricity/Water Bill (Not older than two months)
- Notarized copy of Lease-License agreement / Sale Deed
- Identity Card, with address, issued by Central/State Govt. & its departments, Statutory/Regulatory
Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial
Institutions, Professional Bodies such as ICAI, ICWAI, Bar Council etc. to their
members & Colleges affiliated to Universities.
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E.
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Bank Account Proof
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- Photocopy of Cheque / Cancelled Cheque (compulsory in case of MICR)
- Copy of latest Bank Statement / Passbook, clearly mentioning Bank Account Number,
Branch Name & Client Name (not older than six months)
- Letter from banker certifying account number & the period from which the account
is operational
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For HUF
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1)
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All documents & annexures as per "Individual"
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2)
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Photograph of Karta signed across the photograph
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3)
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Proof of Identity & Address of Karta
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4)
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Photocopy of PAN card of Karta & HUF
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5)
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HUF stamp should be affixed wherever the client’s signatures are on the agreement
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6)
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HUF declaration duly stamped & signed by Karta & two concerns clearly mentioning
the name, relation & date of birth of the family members
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For Proprietorship Firm
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1)
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All documents & annexures as per "Individual"
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2)
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Latest photograph signed by proprietor
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3)
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Proof of Identity & address of proprietor
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4)
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Photocopy of latest Income Tax return filed
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5)
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Proprietorship firm’s stamp should be affixed wherever the proprietor signs on
the agreement.
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6)
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Declaration of the firm as per "annexure" mentioned in the form.
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7)
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Certification from the bank stating that the account is in the name of the proprietorship
firm and the name of the proprietor on the bank letter head
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It takes normally 3-4 working days to open an account provided documents submitted
are in order.
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Yes, it is compulsory to have demat account with us for Internet Trading.
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Once account is opened, SMC dispatches a welcome kit to its customers which contains
Welcome Letter, Information Brochures, software/demo CD etc. so that you do not
face any problem while operating your trading account.
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SMC also provides Call-N-Trade services to its customer so that customer can place
order if he/she does not have access to internet.
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You can trade on NSE, BSE, MCX, NCDEX and MCX-SX on single platform.
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Yes, you can transfer funds online. SMC has payment gateway with HDFC, ICICI, Axis
& Yes Bank. Through payment gateway, you can instantly update buying limit in your
trading account.
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Yes, you can submit a Cheque but buying limit would be provided to your trading
account once the same is cleared & confirmed by the bank.
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Delivery Trading is basically delivery based trading wherein 100 percent Funds /
Shares are blocked at the time of placement of the order. i.e. if you want to buy
shares you should have the entire amount of funds in your cash limit and if you
want to sell shares the same should be available in your demat account. For sell
positions, your trading limits will be increased immediately with the sell trade
value. This will enable you to take further positions in the market.
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In Margin trading / Intra day trading, if you place a buy order then you will have
to place a sell order or vice versa same day i.e. in same settlement cycle. You
are required to close all your intraday positions prior to 20 minutes of market
closure. SMC may square off, whenever it is applicable, 20 minutes prior to normal
market closing.
You can also convert margin orders to delivery if you have sufficient buying power
available in your trading account.
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When the margin position is closed out (either by squaring off or converting to
delivery), the proportionate margin blocked on the position so squared off is released
back and added to the limits.
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In simple words, it is a contract to exchange one currency for another currency
at a specified date and a specified rate in future. Therefore, the buyer and the
seller lock themselves into an exchange rate for a specific value or delivery date.
Both parties of the futures contract must fulfill there obligations on the settlement
date. All settlements go through the exchange.
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Yes, SMC Online clients can trade in currency futures on MCX-SX & shortly, NSE currency
futures would be started.
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In simple words, it is future contract where there is an agreement between two parties
to buy and sell a specified quantity & defined quality of a commodity at a certain
time in future at a price agreed upon at the time of entering into the contract.
All settlements are done through well regulated commodity exchanges.
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Yes, SMC Online clients can trade in commodity futures trading on MCX & NCDEX.
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Yes, SMC Online clients can place AMO orders.
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Yes, SMC Online clients can place BTST orders.
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Yes, you can modify or cancel an order any time before execution. You can do this
by accessing the Order Book page where you have the option to modify or cancel the
order.
You would not able to modify or cancel order if order has been sent to exchange
& confirmation is awaited.
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You get instant trade confirmation on your trading portal. Apart from this, a soft
copy of Contract note is sent to your registered mail id & hard copy of contract
note is dispatched on your address (registered with us). You will also receive an
SMS of your net obligation, at the end of trading day, if you have provided us your
mobile number.
You can also check your online back office, round the clock, to track trading done
by you.
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Login related problem can arise due to following reasons
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- Check your internet connection.
- Ensure that you are putting right password. If you have forgotten your password
then put a request mail for new password to helpdesk@smcindiaonline.com from your mail id (registered
with us).
- Check your system configuration.
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If you have checked above points then call online customer care for help.
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Online Trading account comes with Online IPO and Online Mutual Fund features. Thus,
with single registration, you can apply for IPOs online & can transact in a large
number of mutual fund schemes available online. You can also access your back-office
online anytime anywhere to track your investments.
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At SMC, we are always happy to help our customers. You can contact our online helpdesk
by any of the following ways
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* Available from 08:00 a.m. to 08:00 p.m. from Monday to Saturday.
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