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Product Details
Brokerage and Fees
  • Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): 0.2%

  • Brokerage Charge For Intraday Trading: 0.02%

  • Brokerage Charge For Futures Trading: 0.02%

  • Brokerage Charge For Options Trading: INR 25 per lot. 

  • Account Opening Charges: INR 0

  • Annual Maintenance Charge: INR 200.

  • Payment Gateway Charges Netbanking: INR 0

  • Payment Gateway Charges UPI: INR 0

  • Overdue Interest Charges: N.A.

  • Monthly Platform Fee: INR 0

  • Digital KYC Charges: INR 0

  • Physical Settlement Charges: N.A. 

  • Call & Trade Order: N.A..

Account Opening Fees

INR 0.

Eligibility
Any individual/ NRI/ corporate
Annual Fees

INR 200. First free year.

Choice India Yearly Plan Review
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Choice India Review

Special Features

It offers robust and comprehensive research and advisory services. Choice Broking offers a wide range of research and analysis tools to assist investors and traders in making informed investment decisions.

Features
Cons
  • Limited physical presence. 

  • New company relatively.

  • Not part of any financial conglomerate. 

Pros
  • Low brokerage. 

  • Clean and simple interface. 

  • It offers robust and comprehensive research and advisory services. Choice Broking offers a wide range of research and analysis tools to assist investors and traders in making informed investment decisions.

Pros and Cons
How to Apply?

Online Account Opening:

This is the primary method promoted by Choice India, and it's generally a faster and paperless process. Here's a breakdown of the steps:

  1. Visit Choice India Website: Go to the Choice India website (https://choiceindia.com/).

  2. Open Account Section: Look for a section or button labeled "Open Account," "Start Investing," or similar wording.

  3. Fill Out Online Form:  Provide your basic details like name, phone number, email address, and city.

  4. PAN & KYC Verification: You'll likely be asked to enter your PAN number for initial verification. Choice India offers online eKYC (Know Your Customer) verification for eligible individuals. This might involve a webcam verification or document upload for identity confirmation.

  5. Investment Details:  Choose your trading and investment preferences (delivery or intraday trading, etc.).

  6. Bank Account Linking: Provide your bank account details to link it with your trading account.

  7. Document Upload: Upload scanned copies of the documents required by Choice India. These typically include:PAN Card
    Aadhaar Card (or other valid address proof)
    Bank statement (latest) with your IFSC code clearly visible
    Passport size photograph
    Proof of income (for F&O trading, may vary) - like ITR Acknowledgement Copy, Salary Slip, or Net-worth Document

  8. POA (Power of Attorney):  Choice India might require a signed copy of a Power of Attorney (POA) form. After completing the online application, you'll likely receive this form via email for you to print, sign, and courier to their head office address.

  9. Account Activation: Once you submit the application and documents, your account will be reviewed and activated within a specified timeframe (usually mentioned on their website or during the process). You'll receive confirmation once your account is ready for use.pen_spark

Documents Required
Aadhaar and PAN for online account opening.
Account Opening and Procedures
Choice India

Choice India presents a compelling option for Indian investors seeking a feature-rich broking experience with competitive fees and a variety of platforms. Their diverse product range, research support, and positive customer reviews are noteworthy. All in all, it can be your one-stop shop for all your stock-broking needs and can help you find the best broker for your investing goals.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
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