Knowledge Base

Opening a Trading & Demat account with Samco is quick, simple, and fully online. You can complete the entire process in just a few minutes by following the steps below:

Step-by-Step Process

1. Start the Registration
Visit www.samco.in and enter your registered mobile number to begin.

2. Verify Your Details
Enter the OTP received on your mobile number.
Provide your Email ID and PAN number for verification.

3. PAN Verification & Personal Details

• If you are a KRA-registered client, your basic details such as Name, Date of Birth, and Address will be auto-fetched.
• If you are a Non-KRA client, you will need to enter personal details such as Father’s name, Mother’s name, Gender, and Address.

4. DigiLocker Verification
Complete DigiLocker authentication to fetch your Aadhaar and address details securely.

5. Bank Verification

You can verify your bank account using any of the following methods:

• UPI ID Verification: Enter your UPI ID to instantly verify and link your bank account.
• QR Code Verification: Scan the QR code and make a nominal payment of ₹1. This penny-drop transaction is only for verification purposes and helps confirm that the bank account belongs to you.
• Bank Details Verification: Enter your bank account number and IFSC code to validate your bank account details.

If you are unable to complete verification through the above methods, you can alternatively upload valid bank proof such as a cancelled cheque, passbook copy, or bank statement.

6. Select Trading Segments

You will see two options:

• Equity
• F&O (Derivatives)

To activate Derivatives, a income verification process is required. You will be prompted to enter your bank details, through which we will attempt to automatically fetch and verify your income details directly from your bank.

If the auto-fetch is unsuccessful, you will be required to upload any one of the following income proof documents:

1. Last 6 months Bank Statement
2. Previous Financial Year ITR
3. Salary Slips (Last 3 months)
4. Holding Statement
5. Net Worth Certificate

7. Upload Required Documents
Upload your Photo and Signature.

8. Complete Aadhaar E-Sign
Review your application and complete the e-sign process using Aadhaar OTP.

Once your documents are verified, your account will be activated within 24 working hours. You can track your application status anytime through the Samco KYC Tracking page.