Axis Direct Account Opening [Step-by-Step Process Explained]

Axis Direct is a leading stockbroker in India among the top 20 stockbrokers that offers a wide range of investment opportunities such as equity, mutual funds, derivatives, IPOs, and bonds.

Axis Direct also provides research and advisory services that can help you make informed investment decisions if you are just starting your investment journey.

If you are interested in the Axis Direct account opening but don’t know the process, let me show you the whole process in a step-by-step manner.

Axis Direct Account Opening Process

Step 1: Visit the Axis Direct website

The first step to opening an Axis Direct account is to visit their website and click on the ‘Open an Account’ button located in the top right corner of the page.

You have to enter your mobile number and email, you’ll get the OTP on mobile number to the “proceed to the registration form” page.

Step 2: Fill out the registration form

Once you click on the ‘Open an Account’ button, you will be directed to a registration form. Enter Pan number and DOB to reach the personal details page that has two parts.

Step 3: Enter personal details

Part 1 requires your correspondence details such as address and Part 2 requires personal details like marital status, nationality, nominee details, and so on. Click on “Confirm & Proceed”.

Step 4: Bank details

Now enter your bank account number, IFSC code, and MICR code.

Step 5: Buy Plan

You have to select the brokerage plan from the list.

We have also discussed about the brokerage plans in the later section of the article. Click on “Skip the payment”.

Step 6: Upload the required documents

Now you have to upload the necessary documents such as a Pan card copy, canceled cheque, bank statement, and signature.

You also have to click a selfie for in-person verification. After uploading documents and taking a selfie. Click on “Proceed”.

Step 7: Complete the KYC process

Now you’ll see a digital form on your screen which will be the last step of KYC verification.

You can do the KYC process by clicking on “Esign now and activate instantly” and you’ll be redirected to the NSDL website where you have to verify your Aadhar details.

You’ll receive an OTP on your mobile phone linked with your Aadhar card. Entering the OTP will complete the verification process and your application will be submitted. 

Axis bank will verify your documents and your account will be opened within 48 to 72 hours of the application submission.

In case, your Aadhar is not linked with your mobile number, you can complete the KYC process offline by submitting physical copies of the documents to an Axis Bank branch or an Axis Direct sales office.

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Documents Required for Opening Axis Direct Account

To open an Axis Direct account, you will need to provide the following documents:

1. PAN card
2. Aadhaar card
3. Canceled cheque or bank statement for bank account proof
4. Income proof such as Salary slip, last ITR, or 6 months bank statement (for derivatives segment activation)
5. Passport-sized photograph (for the offline process)
6. Signature

Axis Direct Brokerage Plans 

Axis Direct (detailed review) offers 4 brokerage plans to cater to different trading needs. You can check out the Axis Direct charges article that covers all the charges including brokerage, AMC.

#1. Axis Direct Fixed Plan

Segment	Brokerage
Equity Delivery	0.50% or Rs. 25 per order (whichever is higher)
Equity Intraday	0.05% or Rs. 25 per order (whichever is higher)
Futures (Equity, Currency, and Commodities)	Rs. 0.05% or Rs. 25 per order (whichever is higher)
Options (Equity, Currency, and Commodities)	Rs. 100 per lot

#2. Axis Direct Investment Plan AP1500 Plan

Axis Direct Investment Plan AP1500 Plan has the advantage of lower brokerage rates and Complimentary Delivery Turnover for 12 months up to Rs. 3,00,000. Below are the brokerage charges once the CDT period is over. AP1500 plan comes with a subscription fee of Rs 1500 per year.

Segment	Brokerage
Equity Delivery	0.35% or Rs. 25 per order (whichever is higher)
Equity Intraday	0.035% or Rs. 25 per order (whichever is higher)
Futures (Equity, Currency, and Commodities)	Rs. 0.035%  or Rs. 25 per order (whichever is higher)
Options (Equity, Currency, and Commodities)	Rs. 100 per lot

.#3. Axis Direct Now or Never 5555 Plan

Axis Direct Now or Never (NN5555) Plan comes with a Complimentary Delivery Turnover (CDT) of up to Rs. 12,00,000 for 12 months from the date of commencement. The plan’s validity is 10 years. Below are the brokerage charges once the CDT period is over.

The NN5555 plan comes with a subscription fee of Rs 5555 for 10 years.

Segment	Brokerage
Equity Delivery	0.2% or Rs. 25 per order (whichever is higher)
Equity Intraday	0.02% or Rs. 25 per order (whichever is higher)
Futures (Equity, Currency, and Commodities)	Rs. 0.02% or Rs. 25 per order (whichever is higher)
Options (Equity, Currency, and Commodities)	Rs. 50 per lot

.#4. Axis Direct Premium Investment 10000 Plan

Axis Direct Premium Investment 10000 Plan comes with a Complimentary Delivery Turnover (CDT) of up to Rs. 25,00,000 for 12 months from the date of commencement. The plan validity is also 1 year. Below are the brokerage charges once the CDT period is over.

The Premium Investment plan comes with a subscription fee of Rs 10,000 per year.

Segment	Brokerage
Equity Delivery	0.1% or Rs. 25 per order (whichever is higher)
Equity Intraday	0.01% or Rs. 25 per order (whichever is higher)
Futures (Equity, Currency, and Commodities)	Rs. 0.01% or Rs. 25 per order (whichever is higher)
Options (Equity, Currency, and Commodities)	Rs. 50 per lot

Axis Direct Account Opening Fees and AMC charges 

• Account opening fees: Zero
• Annual maintenance charges
  • For Axis bank customers
    • Zero for the 1st year
    • Rs. 750 per year (2nd year onwards)
  • For non-Axis bank customers 
    • Rs. 350 for the 1st year
    • Rs. 750 per year (2nd year onwards)

You can also check out Angel Broking’s AMC charges and other charges in this article which is a solid contender in the full-service broker’s industry.

Axis Direct Account Opening Benefits

1. Multiple investment options: Axis Direct offers a wide range of investment options such as equities, mutual funds, IPOs, bonds, and derivatives, making it easy for investors to diversify their portfolios.
2. Research and advisory services: Axis Direct has a team of experienced research analysts who provide regular market updates and stock recommendations to their clients. This can be particularly helpful for beginners who are just starting their investment journey
3. User-friendly trading platform: Axis Direct’s trading platform is easy to use and can be accessed from anywhere, anytime. The platform is equipped with advanced tools and features that can help investors track their investments, analyze market trends, and execute trades quickly.
4. Strong customer support: Axis Direct has a dedicated customer support team that is available to assist clients with any queries or concerns they may have.

Disadvantages of Axis Direct Account Opening

• High brokerage charges
• High AMC charges as compared to other brokers
• Charges commission on the mutual fund’s investment

If you are looking for an alternative I would suggest opening an account with Zerodha for better brokerage charges & overall experience.

FAQs

Q1. What are the types of accounts that I can open with Axis Direct?

Axis Direct offers a 3-in-1 account that combines an equity trading account, a demat account, and a savings account.

Q2.  What is the minimum amount required to open an Axis Direct account?

There is no minimum balance requirement for opening Axis Direct demat account.

Q3. Can I open an Axis Direct account online?

Yes, you can open an Axis Direct account online. To open an account online, you need to visit the Axis Direct website and follow the step-by-step process explained above.

Q4. How long does it take to open an Axis Direct account?

The account opening process at Axis Direct is usually completed within 2-3 business days after the submission of all the required documents.

Q5. How can I fund my Axis Direct account?

You can fund your Axis Direct account using the following methods:

1. Net banking
2. Debit card
3. National Electronic Funds Transfer (NEFT)
4. Real Time Gross Settlement (RTGS)
5. Cheque
6. UPI

Q6. Can I trade on my mobile using the Axis Direct trading app?

Yes, Axis Direct has a mobile trading app that allows clients to trade on the go. The app is available for both Android and iOS devices.

Q7. Is it safe to invest with Axis Direct?

A. Yes, it is safe to invest with Axis Direct. Axis Direct is a subsidiary of Axis Bank, which is a leading private-sector bank in India. Axis Direct is regulated by the Securities and Exchange Board of India (SEBI).

Conclusion

Axis Direct account opening is an online and hassle-free process but you can also reach out to the nearest Axis bank if you don’t want to follow the online method.

Axis Direct is an excellent choice for both beginners who require hand-holding thanks to Axis Direct’s strong advisory services and reliable customer support. So, if you are planning to invest in the stock market, opening an account with Axis Direct is definitely worth considering however their high brokerage charges could be a concern for you.