About Yes Bank Demat Account
Yes Securities as a subsidiary of Yes Bank Limited is the well-grounded full-service Stock Broking Company in India. It intends to provide secure and seamless access to the equity market through renowned stock exchanges.
Yes Bank is one of the most popular private sector banks in India and is also among the fastest-growing banking institutions in the country.
It provides a wide range of products such as equity, commodity, mutual funds,and various others to its customers. Being a bank-based stock broking company, it also offers you with a 3-1 Demat account.
How to Open a Demat Account with Yes Securities?
Traders can open a 3-in-1 account with the company (Yes Securities trading account, Yes Securities bank account and account with the bank). You can easily open your Demat account with Yes Securities. There are a few options available to open your Demat account. Choose any of the below following options to open your Demat account with the company.
- You can fill the Demat Account Opening Form
- You can call on the company toll-free number and tell them you wish to open a Demat account with Yes Securities.
The company representative will call you within 24 hours and will tell you the procedure of opening the Demat account. The company will even send their representative to your place for collecting all the necessary documents.
It will require following documents for opening your Demat account with Yes Securities:
- One passport size photograph
- Address and age proof
- Pan card and Aadhar card details
Yes Bank Demat Account Trading Platforms
iPhone Trading platform- YES securities provide an easy and fast platform that you can use with ease. It can be executed on less internet speed. YES SECURITIES is the mobile investing platform that brings your investments to your fingertips. They have different features inbuilt in their trading platform like chatting, real-time market updates, an easy buy and sell, etc.
Android trading platform– Yes securities Mobile App provides a mobile-based trading platform for clients who want to trade using their smartphones. The app provides all the functionality like multiple index real-time stock watch, intraday charts and trading across multiple segments. You can also view your trade reports, contract notes, and P&L on it. The app is easy and fast to use in less internet speed.
Web-Based trading platform – They also provide a web-based trading platform that you can use from your PC without installing any software. The software has good charting utility and provides live tick by tick charts. It provides all these software free of cost and there is no extra charge to use this software.
Demat Account Charges
Yes Securities Limited is a Mumbai based stockbroker. It is a part of YES Bank and primarily into the brokerage business. It offers stock, derivatives and currency trading services at BSE and NSE. Trading is offered online, offline in branches and through centralized call & trade desks.
|Service||Charges (in Rupees)|
|Demat Account Opening Fee||0/-|
|Demat Account Annual Charges (AMC)||500/-|
|Global Indian Banking(Non-Resident)||1000/-|
|Advantages of Yes Bank Demat Account|
|It offers 3 in 1 Demat Account|
|Demat and Trading Account opening charge is free of cost|
|It is a trust and renowned brand|
|Disadvantages of Yes Bank Demat Account|
|High brokerage charges|
|Performance of trading platform is moderate|
|Average customer service with a finite number of communication channels|
Although Yes Security was established a few years ago.It is renowned among various stock broking houses because of the subsidiary of Yes Bank. It offers a 3 in 1 Demat Account through which the fund can be transferred automatically. But there are few areas that the broker needs to focus on.
The Demat accounts on offer from Yes Bank are also loaded with features and that makes them an ideal choice for you. So whether you want to increase your investment portfolio or you want to invest your money, take a look at Yes Bank’s Demat accounts.
Thus it is a reliable option for the traders to proceed further with the company services.