Comments
India’s leading brokerage house, Motilal Oswal Securities Ltd, has launched ‘India’s first-of-its- kind’, completely paperless, e-KYC, instant trading & demat account facility.
This facility will be available to all prospective customers who have an Aadhaar card.
“Aadhar integrated new account opening has not only eliminated the legacy of paper-based documentation and increased the customer satisfaction but will also usher in a new era of digitisation in the broking industry,” Ajay Menon, chief executive officer of the company, said.
Through this initiative, customers from anywhere in the country will now be able to open a trading and demat account completely online i.e. without any physical documentation in 15 minutes and start investing immediately thereafter.
The company is the first brokerage house in India to start such a facility which eliminates the hassle of sending any kind of physical document to open an account, it said in a press release.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.