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Open a trading account online on Axis Direct

by | Jun 23, 2024 | Income Tax | 0 comments

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Important keyword: F&O Trading, Intraday, Speculative Income, Trading Income.

Open a trading account online on Axis Direct

Opening a trading account online with Axis Direct is straightforward. The evolution of stock markets from open outcry systems to electronic platforms has made trading more accessible and efficient. A trading account serves as an electronic investment account where you can securely hold cash or securities and execute buy or sell orders for various instruments such as shares, securities, commodities, and currencies through online trading platforms.

For tax purposes, income earned from trading activities like Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading is categorized as Business Income.

Steps to open a trading account online on Axis Direct

  1. Visit the Axis Direct website
    You can access it here.
  2. Click on Open a new Account
    Fill in your personal details such as:
    -Mobile number
    -Email id
    -Name
    -City
  3. Click on Get OTP on mobile
    As seen below:

    axis login
  4. Fill your basic details
    Click on Proceed to personal details.

    axis pan details
  5. Fill in your personal details
    Enter your PAN and DOB

    axis pan details
  6. Click on Proceed
    Add your address and Confirm

    axis details
  7. Fill Your Details in Personal Details
    Fill all compulsory details

    axis personal details B
  8. You need to add a few more additional details
    Add the details and click on Proceed to Bank Details

    axis personal details BB
  9. Fill in your Bank Details
    -Bank name
    -Bank account number
    -IFSC Code
    -Confirm bank account number
    Click on Proceed.

    Axis bank details
  10. Choose an Axis Direct plan
    As per your requirement, select the necessary segments that you want to trade-in

    Axis direct plans
  11. . Click on Make Payment
    And continue

    axis payment
  12. Choose the payment method
    And make the payment
  13. Upload all the required documents.
    E-sign using Aadhaar. Enter your Aadhaar number and click on send OTP.

    aadhaar esign otp
  14. Enter your OTP
    Click on verify OTP

    verify otp angel broking
  15. A Power of Attorney (POA) Document will be sent to your email address
    Click on Finish

    axis direct power of attorney
  16. Sign your POA documents
    Courier it to the respective address
  17. Your Demat account will be activated after you send your POA documents
    The process is complete

Read More: Kotak Securities: Download Holding Statement for Traders

Web Stories: Kotak Securities: Download Holding Statement for Traders

Official Income Tax Return filing website: https://incometaxindia.gov.in/

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