uTrade AlgosThe activation of an HUF trading account typically takes 2-3 days, depending on the accuracy and completeness of the documents submitted. If all documents are in order, the process is usually quick, but any discrepancies or missing documents may cause delays.
Here’s a brief overview of the steps to open and activate an HUF trading account:
- Provide Initial Details: Start by providing your mobile number here and entering the OTP received. The Share India dedicated team will contact you. Simply mention that you wish to open an HUF account, and they will walk you through the process from there.
- Complete the Forms: Fill in the required account opening forms, which are available under the Form Downloads section on the Share India website.
- Submit Documents: Provide the necessary KYC documents, for the Karta and coparceners, proof of identity and address, and the HUF deed and declaration form.
- KYC Process: Complete the KYC process for the Karta by submitting the KYC forms available in the Form Downloads section.
- Account Verification: Once all documents are submitted and the KYC process is completed, the account will be verified.
- Account Activation: After verification, the account will be activated, and you will be notified. The Karta can then begin trading on behalf of the HUF.
For further assistance, you can contact Share India’s support team at 18002030303 or email us at support@shareindia.com.