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Open a trading account online on Motilal Oswal

by | Jun 22, 2024 | Income Tax | 0 comments

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Important Keyword: F&O Trading, Motilal Oswal Trader, Speculative Income, Trading Income.

Open a trading account online on Motilal Oswal

You can now open a trading account online with Motilal Oswal. Stock markets have recently shifted from the traditional open outcry system to an electronic system. A trading account functions like an investment account, holding your cash or securities electronically, and allows you to buy or sell these securities in the stock market. Stock traders use online trading platforms to trade various instruments such as shares, securities, commodities, and currencies. For income tax purposes, earnings from Equity Intraday, Equity Futures & Options (F&O), Commodity Trading, and Currency Trading are considered Business Income.

Steps to open a trading account online on Motilal Oswal

  1. Visit the Motilal Oswal website
    You can also do it from here.
  2. Fill in your details
    The details are:
    -Name
    -Mobile number
    -City
    Click on Let’s begin.

    motilal oswal new account
  3. A pop up will come asking you for your email address
    Submit your Email address for further communication. Click on Submit.

    motilal oswal email
  4. Choose a Plan for as per your requirement
    Check the tick box. Click on Next.

    account plan motilal oswal
  5. Pay the account plan charges
    Through your preferred payment mode

    payment on motilal oswal
  6. After that, you will be required to upload your documents
    This includes:
    -One recent passport size photo
    -Cancelled cheque/ bank statement/ passbook
    -Driver’s licence/ electricity bill (not older than 2 months)
    -PAN Card
  7. Hence, the process is now complete.
    A sales representative will contact you for account activation after verifying your documents.

Read More: Open a trading account online on HDFC Securities

Web Stories: Open a trading account online on HDFC Securities

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

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