Following are the steps to close SAMCO Account:
Clear all the pending dues, sell all your holdings, transfer your funds into your bank account.
Call SAMCO helpdesk to send you an account closure form via email.
Fill the account closure form, sign it and send it to the SAMCO Corporate office.
On receiving the closure request form, the CRM team will do the required paperwork in 7 days (Maximum time for account closure confirmation is 15 days).
There are 3 ways by which you can transfer funds to the SAMCO account
Deposits via Cheque in favour of “Samco Securities limited” or “Samco Commodities limited”, (when you have to trade in commodities), takes, 3-4 days.
Instant Fund Transfer via Payment Gateway (per transaction Rs. 6 + GST).
Fund Transfer via NEFT and RTGS (takes 3-4 hours).
SAMCO Brokerage is a Mumbai based fintech company established in 2015. It has the approval of SEBI and CDSL. It offers to trade in various exchanges like NSE, BSE, MCX, MSEI, AND NCDEX. It is an economic stockbroker known for its lowest-cost brokerage, margin products, higher exposure, and free trading software. It gives an edge to its customers by saving 60% in commission and taxes. So, considering all the above factors, there is no need of worrying about your money or transactions.
Here are the following steps which will guide you use Samco mobile trading app:
Open play store or app store and search SAMCO and download the app
Enter your User ID, password and click on sign in
You can add Equity scrips, Derivatives, Currencies and Commodity Scrips in the market watch
Once the stock is added in Market Watch, select the Buy option in order to open Buy order window
Select the Product Type from the List (CO, MIS, NRML, CNC)
Select the Order Type (Market, Limit, SL-L, SL-M)
Enter the Qty and Price in the options provided
Click on submit to Place the Order.
If you want to place sell order - Click on Sell option in order to open Sell order window
Select the Product Type from the List (CO, MIS, NRML, CNC)
Select the Order Type (Market, Limit, SL-L, SL-M)
Enter the Qty and Price in the options provided
Click on submit to Place the Order.
In order to sell the position, sell order product type selected should be matched with the available position product type.
Jimeet Modi is the Founder & CEO of SAMCO Ventures Pvt. Limited. he has over 12 years of experience in the capital markets.
Samco Securities is a subsidiary company of SAMCO Ventures Pvt Ltd, incorporated in 2015 after the acquisition of Samruddhi stock brokers limited; it moved to the discount segment after the acquisition.
It is a DP of CDSL and is also known to offer one of the lowest brokerage charges. Samco also has a Giga trading engine, a Samco proprietary that analyses patterns, trends, and opportunities.
Samco has free account opening and also has zero AMC for the first year. Following the first year, the AMC is ? 400.
Following are the steps to open an Samco account :
Click on open an account button.
Fill in the registration form.
Set your new password and confirm.
Enter your PAN info and your date of birth
Fill your personal details like – name, gender, income etc.
Enter your residential address as per your address proof.
Enter the bank details that you wish to register with your trading & demat account.
Choose the segment/ instruments in which you wish to operate.
Upload the mandatory documents where required
Review your submitted details and digitally sign your trading/ demat account application.
Next process will be your ‘in-person verification’ and that’s it.
You have successfully registered for a trading and demat account with Samco. To complete the entire account setup, you need to submit a signed copy of the POA (Power of Attorney) in order to sell your shareholdings in Samco.
To know step by step process click here
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