Leading the digital wave and supporting the Digital India initiative, India’s leading brokerage house, Motilal Oswal Securities limited has launched ‘India’s first-of-its- kind’, completely paperless, e-KYC, instant trading & demat account facility.
Motilal Oswal Securities Limited is the first brokerage house in India to start such a facility which eliminates the hassle of sending any kind of physical document to open an account.
Through this initiative, customers from anywhere in the Country will now be able to open a Trading and Demat account completely online i.e. without any physical documentation in 15 minutes and start investing immediately thereafter. This facility will be available to all prospective customers who have an Aadhaar Card.
On the occasion of the launch, Mr. Ajay Menon – CEO, Motilal Oswal Securities Ltd, said, “ With digital transformation at its inflection point, there may be no better place to start than the account opening process and make it completely paperless. “Aadhar integrated” new account opening has not only eliminated the legacy of paper-based documentation and increased the customer satisfaction but will also usher in a new era of digitization in the broking industry. This completely online and paperless account opening is a pioneering service as it transforms the way a customer opens an account and is able to buy and sell shares instantly online and through our mobile app. We are confident that Motilal Oswal Digital Account opening facility will provide utmost convenience to our customers, while also providing the industry with an all new perspective when it comes to digitization.”