To open a Demat and Trading Account for a Hindu Undivided Family (HUF) with RMoney, the Karta can apply on behalf of the HUF, which is recognized as a separate legal entity. The following section outlines the necessary documents, procedural steps, and compliance requirements for account opening.
| Type of document |
Requirements |
| Application form |
- Equity application form (PDF).
- Segment addition forms to trade in commodities (PDF)
|
| HUF Declaration and Annexure |
- Declaration and Annexures (PDF).
|
| PAN |
- A PAN card copy of the HUF with seal and signature.
- A PAN card copy of the Karta with HUF seal and signature.
- Self-attested PAN card copy of karta.
- Self-attested PAN card copy of the co-parcener or member.
|
| Address proof |
- Address proof of the HUF with seal and signature. The address proof can be the latest transaction copy of the HUF bank statement or passbook.
- Address proof of the Karta with HUF seal and signature.
- Self-attested address proof of karta. Address proof can be any of the following: Aadhaar, driving licence, voter ID or passport. If an Aadhaar is being submitted as proof, ensure a masked Aadhaar is submitted.
|
| Bank account proof |
- Cancelled cheque with the HUF name printed.
- A bank statement or bank passbook copy with the bank account number, MICR, and IFSC code clearly visible.
|
| Income proof |
- Any of the following income proof to activate the F&O and commodity segment:
- The latest six months' bank statement or passbook of the HUF account.
- Latest year audited profit and loss statement.
- Latest year Income Tax Return (ITR) acknowledgement.
- Net-worth certificate from the chartered accountant with the UDIN number specified.
- DP holding statement of the entity.
|
Steps to proceed:
- Email scanned copies of all completed forms and documents to askus@rmoneyindia.com for initial review.
- After approval, courier the signed physical documents and a cheque in favour of Raghunadan Capital Private ltd. to the following address:
RMoney Corporate Office
26/257 B, Near Ashish Palace, SultanGanj, Agra – 282004
Tel: 0562-4266600
Account processing may take
3-5 working days post-receipt of valid documents
Account Opening Charges
RMoney does not charge any fee for HUF Account opening.
Important Notes
- Nomination Not Permitted: CDSL does not allow nomination in non-individual demat accounts like HUF.
- Change of Karta: If the Karta has changed due to the demise of the previous Karta, submit a notarised copy of the death certificate along with HUF seal and signature.
- Minor Members: Minors listed as co-parceners cannot sign; a legal guardian must sign on their behalf.
Opening a HUF Demat and trading account at RMoney is a thorough process, ensuring compliance and safeguarding client interests. If you have questions or need help, our support team is always ready to assist.
Contact us
Phone: 0562-4266600 / 0562-7188900
Email: askus@rmoneyindia.com
Website:
rmoneyindia.com
Kickstart your investment and trading journey effortlessly with RMoney.
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