Terms & Conditions

  • The promotional offer is being managed by Motilal Oswal Financial Services Ltd (henceforth referred to as MOFSL)
  • *The promotional offer for Free Demat and Trading Account is valid for all accounts activated between September 1st 2020 To September 30th 2020 only
  • If the account is activated between September 1st 2020 To September 30th 2020, 100% of brokerage generated within 30 calendar days from the date of account opening would be refunded to the customer in the form of either Me-Gold or ledger credit as per the applicable offer at the time of account opening. (Note: Maximum Brokerage Reversal would be up to Rs. 1000/-. The reversals will be done on the 15th of the next month.) (This offer shall be referred to as the “100% brokerage refund offer”)
  • *Demat and Trading Account opening fee worth Rs. 500 which is one-time payment will be waived off if account is activated between September 1st 2020 To September 30th 2020 only. Only account maintenance charges, if applicable, will be levied at the end of the year as per the DP scheme selected by the client at the time of account opening which is written in account opening form
  • Only those clients who have generated minimum brokerage of Rs 500 within 30 calendar days of account activation will be considered for the 100% brokerage refund offer
  • Only those clients who have opened account within 30 calendar days of product inquiry will be considered for the 100% brokerage refund offer
  • Only brokerage will be credited and other statutory charges will be levied as usual
  • STT, Stamp Duty, Transaction charges, GST and other charges will be levied separately as applicable
  • DP AMC charges for Demat would be applicable and binding as per company policy
  • Rs. 999 + GST if charged to the customers at the time of account opening will be reversed to client’s ledger within T+9 trading days
  • Only those clients who have a ledger balance of Rs. 25,000 or above within 9 trading days from the date of account activation or subscribe to a Value Pack scheme for an amount greater than or equal to Rs. 3000 within 9 trading days from the date of account activation will be eligible for Life-time FREE AMC offer. Ineligible clients will be charged as per the Tariff sheet from 2nd year onwards
  • There is no restriction on withdrawal of unutilized account opening/margin amount
  • The risk management policies and other internal policies of MOFSL applicable on the clients and trades executed by them would be applicable on the trades executed through this facility also
  • Any employee/partner of MOFSL will not be included in this scheme, even though their name might appear in the list
  • Client must be active as a Client of MOFSL, at the time when brokerage is credited
  • Clients Eligible for the promotional offer will be informed by email or telephonic call
  • MOFSL reserves the rights to withdraw this scheme any time before the validity period mentioned and the same shall be communicated through email
  • In case of any dispute, the decision of MOFSL management will be final and binding
  • This scheme is independent and is not to be merged with any other offer or schemes
  • Please note that by submitting the contact details, you are authorizing Motilal Oswal Financial Services Limited to contact you and send promotional communication even though you may be registered under National Do Not Call Registry established under the Telecom Unsolicited Commercial Communications Regulations, 2007 or registered or may register under the National Customer Preference Register established under new regulation viz the Telecom Commercial Communications Customer Preference Regulations, 2010
  • This scheme is valid for Online Channel only
  • If the account is transferred to any branch/franchise/remisser after opening in online branch; all the above mentioned schemes and offers will not be applicable
  • Motilal Oswal Financial Financial Services Ltd. is a distributor of Mutual Funds
  • *Discount coupons would be delivered to customer’s E-mail ID (if provided) in 3 stages: Rs. 1,000 Discount Coupons would be credited on call connect with the customer, Rs. 1,000 Discount Coupons would be credited on Account activation and Rs. 1,000 Discount Coupons on trading turnover of more than Rs. 50,000 after account activation.
  • *An advisor will be allotted to a customer if and only if the customer has a margin of Rs. 10,000 or above in his account post account opening.
  • #Me-Gold is not an approved product of Exchange and any dispute related to settlement and valuation of Me-Gold will not be dealt at Exchange platform
  • #ME-Gold is a Digital Gold product by Motilal Oswal Financial Services Limited, in partnership with MMTC PAMP Private limited. In which we offer platform to customer whosever willing to buy & sell digital gold online, MMTC PAMP buys on behalf of client and stores at their facilities
  • ME-Gold is a Digital Gold product by Motilal Oswal Financial Services Limited, in partnership with MMTC PAMP Private limited. In which we offer platform to customer whosever willing to buy & sell digital gold online, MMTC PAMP buys on behalf of client and stores at their facilities. These are not Exchange traded products and the Trading Member is just acting as distributor. All disputes with respect to the distribution activity would not have access to Exchange Investor Redressal Forum or Arbitration mechanism.
  • #The customer can buy - sell gold online at live international price from MOFSL Investor or Trader Apps
  • #Customer can choose to store or sell it at live price or opt in for physical gold delivery at his/her doorstep
  • #Customer can request for all or part of your gold holding, between 1 gm and multiples thereof
  • #Customer can select the quantity and denomination of the gold you wish to withdraw from the available options of coins on the Motilal Oswal platform
  • #Gold product will be delivered at your notified address by a logistics provider arranged by Motilal Oswal, and customer will receive a confirmation on your Motilal Oswal registered mobile number
  • This offer is only valid for New clients
  • This offer is not applicable for Franchise or Franchise clients

^ Account would be open after all procedure relating to IPV and client due diligence is completed.
^ Accounts would be open by using esign and all proofs would be collected in soft form.