uTrade AlgosOpening an HUF trading account with Share India is a simple and guided process. Our dedicated support team will assist you every step of the way, ensuring a smooth and hassle-free experience for the Karta of the HUF.
Here’s a guide to help you open an HUF trading account with Share India:
Step 1: Initial Contact
Start by providing your mobile number on the website and entering the OTP you receive. Once submitted, our support team will contact you directly. Simply mention that you wish to open an HUF account, and they will walk you through the process from there.
Step 2: Complete the Account Opening Forms
Follow the instructions provided by the support team to complete the necessary account opening forms. These forms are available in the Form Downloads section on our website. Be sure to fill in all the required details.
Step 3: Submit the Required Documents
You will need to provide several key documents to proceed with the account opening:
- PAN cards for the Karta and coparceners
- Proof of identity (e.g., Aadhar card, passport)
- Proof of address
- HUF deed, which confirms the existence of the HUF.
- HUF declaration form
Ensure that all documents are clear, signed & sealed by HUF, and legible to avoid any delays.
Step 4: Complete KYC for the Karta
The Karta of the HUF must complete the KYC process. The necessary forms for non-individuals can be downloaded from the Form Downloads section on our website. This process helps verify Karta’s identity and ensures compliance with financial regulations.
Step 5: Account Verification
After you submit the forms and documents, your account will undergo a verification process. This typically takes 2-3 working days, and you will be notified once your account is successfully activated provided all the documents are as per the regulations.
Step 6: Start Trading
Once the account is activated, account credentials will be shared with the Karta. The Karta can begin trading on behalf of the HUF. All trading activities will be managed by the Karta.
Need Assistance?
If you have any questions or need further support during the account opening process, don’t hesitate to contact Share India’s support team. You can reach us at 18002030303 or email us at support@shareindia.com. Our team is here to ensure you have a smooth and hassle-free experience in opening your HUF trading account.