Accounts and opening requirements
Sections ↑The main scope is the Indian exchange-based trading-and-demat account operated by Raise Securities. It is not an unrestricted offshore leveraged-FX account. Dhan’s separately advertised US-stock service has its own currency and provider arrangements.[31][8][33]
Reference table01
Account routes
| Attribute | Resident individual | HUF / other entity | NRI NRO |
|---|---|---|---|
| Application | Digital PAN/Aadhaar, bank and e-sign | Separate offline ownership documents | Custodian-based applicationSource 3Source 6Source 7 |
| Permissions | Approved Indian segments | Legal-form and segment-specific | Current FAQ limits this route to F&OSource 8Source 7 |
| Annual maintenance | INR 0 | HUF INR 0; company/LLP/trust and other listed entities INR 800 plus GST | INR 800 plus GST; separate trading tariffSource 1 |
| Important distinction | Login is not final exchange activation | Owners, signatories and bank titles must match | Existing resident account cannot simply be convertedSource 5Source 6Source 7 |
Reference table02
Opening and verification
| Topic | Published terms and practical effect |
|---|---|
| Identity and bank | PAN, Aadhaar-linked digital authentication, bank verification, photograph and signature. The ordinary online route uses DigiLocker.Source 3Source 4 |
| Derivatives | Additional financial/income evidence is required for relevant trading permissions.Source 3 |
| Activation time | Initial review can be fast, but KRA, depository and exchange approval may take one to two business days.Source 5 |
| Minimum capital | No universal initial balance was established in the reviewed resident tariff. Instrument price/lot, margin and fees determine an executable order.Source 1Source 21 |
| NRI evidence | NRO bank proof, PAN, overseas address, relevant passport/visa/OCI evidence and financial documents follow the specialist checklist.Source 7 |
Products and platforms
Sections ↑Reference table03
Investments and interfaces
| Topic | Published terms and practical effect |
|---|---|
| Indian products | Shares, ETFs, direct mutual funds, IPOs and approved equity/commodity derivatives. A displayed global-index information page is not a tradeable CFD.Source 8Source 9 |
| Options Trader | Dedicated option chains, payoff tools, baskets and strategy workflows connected with the same account.Source 9 |
| Charts versus execution | TradingView charts embedded in Dhan and the separate TradingView broker connection are different features. Instrument permission remains relevant.Source 8 |
| Native and web | Dhan App, Web, Options Trader and DEXT T3 support different workflows. Optional data and specialist services can have separate entitlements.Source 8Source 20 |
| US-stock boundary | A separate page advertises fractional investments from USD 1 and GIFT City/IFSCA access. The full carrying-provider and protection contract was not recovered; domestic protections are not assumed.Source 33 |
Fees and holding costs
Sections ↑Reference table04
Resident retail brokerage
| Activity | Per executed order | Other costs |
|---|---|---|
| Share/ETF delivery | INR 0 | DP debit and statutory charges can still applySource 1 |
| Equity/ETF intraday or MTF | Lower of INR 20 or 0.03% | Funded holdings incur interestSource 1 |
| Equity/commodity futures and options | INR 20 | Exchange, tax and other applicable chargesSource 9 |
| Mutual funds/IPO | INR 0 broker charge stated | Product expenses and taxes remainSource 1 |
| Separate US service | 0.25%, minimum USD 0.01 | Remittance and currency costs separateSource 33 |
Reference table05
Additional charges
| Topic | Published terms and practical effect |
|---|---|
| DP debit | INR 12.50 per instruction per ISIN plus GST.Source 1 |
| Pledge transactions | INR 15 per transaction per ISIN plus GST under the listed pledge-related tariff.Source 1 |
| Assisted or automatic closing | Call & Trade INR 50/order plus GST; automatic intraday square-off INR 20/order plus GST.Source 1 |
| All-in calculation | The calculator separates brokerage from exchange charges, applicable STT, stamp duty, GST, SEBI and other levies. Trade side and instrument matter.Source 2 |
| Ownership-specific price | The resident headline is not automatically an NRI or corporate quote. Physical settlement/exercise/assignment can also have separate treatment.Source 1 |
Reference table06
MTF funding
| Topic | Published terms and practical effect |
|---|---|
| Purpose | Financing of eligible delivery shares, advertised up to 4× exposure; not a uniform derivatives leverage limit.Source 10 |
| Annual rates | 12.49% up to INR 500,000 funded; 13.49% to INR 1 million; 14.49% to INR 2.5 million; 15.49% above, within approved limits.Source 10 |
| Whole-balance tier | The selected slab applies to the whole funded amount, not only the excess above a threshold.Source 10 |
| Other obligations | Pledge charges, brokerage, margin calls and price risk remain additional. Non-MTF debit interest is a different tariff.Source 10Source 1 |
Pricing & charges07
MTF interest: separate financed capital from portfolio value
| Input / result | Illustration |
|---|---|
| Constant amount borrowed | INR 400,000, within the displayed 12.49% annual slabSource 10 |
| Assumed holding and day-count basis | 30 charged days; 365-day yearSource 10 |
| Calculated interest | 400,000 × 12.49% × 30 / 365 = INR 4,106.30Source 10 |
Execution, orders and risk controls
Sections ↑Reference table08
Orders and conditional execution
| Topic | Published terms and practical effect |
|---|---|
| Order status | The API exposes order/trade status, modifications, cancellations and correlation IDs. A successful submission is not a fill.Source 21 |
| Slicing | Large orders can be split around exchange freeze quantities; different legs can execute at different prices and incur different costs.Source 21 |
| Super Orders | Entry, target, stop and optional trailing components apply to supported intraday, carry and MTF workflows.Source 23 |
| Triggers | Configured price/indicator conditions can submit orders for supported equity/index instruments. Trigger success does not guarantee liquidity or execution.Source 22 |
Reference table09
Control actions
| Action | What happens | Residual responsibility |
|---|---|---|
| Security freeze | Cancels pending orders and logs out sessions; does not close positions | Reenable only after 24 hours; positions still need managementSource 18 |
| API Kill Switch | Disables further trading for the trading day | Requires no positions and no pending orders before activationSource 19 |
| Position exit | Separate exit functionality submits closing instructions | Check actual fills and remaining ordersSource 19Source 21 |
Reference table10
Outage dealing
| Topic | Published terms and practical effect |
|---|---|
| IRRA | The notice describes a contingency facility, when activated, for reducing positions and cancelling pending orders during qualifying disruption—not an always-on fresh-order service.Source 24 |
| Call & Trade | A tariff for assisted dealing is published. Confirm the authenticated executable instruction and acceptance rather than treating a chat ticket as an order.Source 1Source 29 |
| Evidence | Retain trade IDs, time and status, and reconcile after reconnection. The linked connectivity monitor does not establish a particular order’s state.Source 31Source 21 |
Deposits, withdrawals and transfers
Sections ↑Reference table11
Withdrawals
| Method | Eligibility | Published timing |
|---|---|---|
| IMPS | Up to 90% of eligible balance, cap INR 500,000 | 09:00–17:00 trading days; 15–20 minutes usually, up to 2 hoursSource 11 |
| NEFT | Requests outside fast conditions or using a higher proportion of funds | Before 17:00: by 23:30 same working day; later: next applicable working daySource 12 |
| Exceptional bank issue | Partner-bank/NPCI/beneficiary-bank interruption | Terminal status may take up to 7 working daysSource 13 |
| Cancel payout | Immediately after submission | 59-second cancellation windowSource 14 |
Reference table12
Funding, settlement and currencies
| Topic | Published terms and practical effect |
|---|---|
| Routine deposits | UPI/net-banking broker fees are stated as zero; this does not mean all third-party or cross-border costs are zero.Source 1 |
| ICICI One Tap | Eligible individual accounts with matching phone numbers; HUF, NRI and corporate accounts are excluded from that feature.Source 17 |
| Running-account settlement | Unused cash returns to the bank under the applicable monthly/quarterly cycle. Holdings are not automatically liquidated.Source 15 |
| Optional RAS Autopay | A separate approved bank mandate can replenish settled funds, capped at INR 100,000 under the described feature.Source 16 |
| US remittance | Separate service lists a USD 1 pay-in charge below USD 100 and zero broker payout charge. FX/remittance costs and provider rules still need consideration.Source 33 |
Client protection and complaints
Sections ↑Reference table13
Legal and protection boundaries
| Topic | Published terms and practical effect |
|---|---|
| Evidence status | Raise Securities publishes stockbroker INZ000006031 and DP IN-DP-289-2016. A direct current firm register entry was not retrieved, so those claims remain labelled company-published.Source 31 |
| Custody distinction | Demat securities and trading cash have different custody/settlement roles. A brokerage account is not insured against trading losses.Source 35 |
| Private insurance | No current individual private-insurance policy or automatic compensation amount covering every product was established.Source 35 |
| Credential safety | Do not share OTPs or passwords. Reconcile unexpected trades and securities movements with official records.Source 32 |
| Freeze IVR | +91 8655789046 from the registered mobile is the published freeze/unfreeze route, not an emergency dealing number.Source 18 |
Reference table14
Complaint escalation
| Topic | Published terms and practical effect |
|---|---|
| Broker channels | [email protected]; [email protected] for trading and [email protected] for DP matters.Source 31Source 30 |
| Internal stages | The published process permits escalation to [email protected] after the initial15-day stage and to the founders’ office after the next stated15-day stage.Source 30 |
| External process | Use the official SCORES, applicable exchange/depository and SMART ODR links. Eligibility differs by product; reporting misconduct is not a guaranteed repayment mechanism.Source 31Source 35 |
Account support and records
Sections ↑Reference table15
Statements, dormancy and contact
| Topic | Published terms and practical effect |
|---|---|
| Journal | Holdings, past trades, P&L, tax, ledgers, fund summaries and contract notes.Source 25 |
| Ledger export | Web CSV/Excel download or registered-email delivery; the app supports email statements.Source 26 |
| Tax report | Financial-year/custom-period Excel reporting. It is a record tool rather than personalised tax advice.Source 27 |
| Dormancy | More than 2 years without trading can mark the account dormant. App/web reactivation and e-sign normally take 1–2 working days.Source 28 |
| After closure | A guaranteed continued login/report-export window was not established; obtain required records before closure.Source 25 |
| Phone | +91 9987761000 / +91 9930861000,09:00–18:00 on market trading days.Source 29 |
| Chat/API | Chat09:00–22:00; [email protected] for API queries. Availability is documented, not service performance tested.Source 29 |
Tools, automation and additional services
Sections ↑Reference table16
Automation, permissions and rewards
| Topic | Published terms and practical effect |
|---|---|
| Authentication | Individual API tokens last 24 hours. Trading access is distinguished from paid data entitlements.Source 20 |
| IP restrictions | Order actions require approved static IPs; the documented primary/secondary IP-change restriction is 7 days.Source 20Source 21 |
| Revocation | Manage tokens through the official dashboard. Expiry/revocation is not proof that working orders or positions are cancelled.Source 20Source 21 |
| Execution authority | Conditional triggers and Super Orders can take configured trading actions, unlike a screener or research response.Source 22Source 23 |
| AI research | The ecosystem links fuzz as a research partner. No autonomous order mandate is inferred from that link.Source 8 |
| Connected portfolios | smallcase and other connected tools do not themselves establish a broker-operated performance-fee copying/PAMM contract.Source 8 |
| Rewards | Referral support exists, but a universal current cash amount, vesting rule and withdrawal entitlement were not established.Source 34 |
Company background and evidence
Sections ↑Reference table17
Identity and review scope
| Topic | Published terms and practical effect |
|---|---|
| Legal name | Raise Securities Private Limited, formerly Moneylicious Securities Private Limited.Source 31 |
| Office | Unit2201,22nd Floor, Gold Medal Avenue, S.V.Road, Goregaon West, Mumbai400104. This current disclosure differs from an older Borivali help-page address.Source 31Source 30 |
| Permissions | Stockbroker, depository, research and US-service references are not one global investment licence.Source 31Source 33 |
| Method | Public-document research; no funded account, live trade, banking or private support test.Source 35 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Raise Securities Private Limited
IndiaSource 31
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Securities and Exchange Board of IndiaINZ000006031 | Not verified | Checked 13 Oct 2026Company-published broker reference; direct current firm entry was not retrieved. DP reference IN-DP-289-2016 is a separate service permission.Source 31 |
Sources & further reading
- Resident brokerage and account charges Dhan · Accessed 13 Oct 2026
- Trading-cost breakdown Dhan · Accessed 13 Oct 2026
- Documents for opening an account Dhan · Accessed 13 Oct 2026
- DigiLocker onboarding Dhan · Accessed 13 Oct 2026
- Account activation timing Dhan · Accessed 13 Oct 2026
- Non-individual application documents Dhan · Accessed 13 Oct 2026
- NRI account eligibility Dhan · Accessed 13 Oct 2026
- Investment and platform catalogue Dhan · Accessed 13 Oct 2026
- Options Trader Dhan · Accessed 13 Oct 2026
- Margin Trading Facility Dhan · Accessed 13 Oct 2026
- Fast IMPS withdrawal Dhan · Accessed 13 Oct 2026
- NEFT payouts Dhan · Accessed 13 Oct 2026
- Payout delay Dhan · Accessed 13 Oct 2026
- Cancel a payout Dhan · Accessed 13 Oct 2026
- Running-account settlement Dhan · Accessed 13 Oct 2026
- RAS Autopay Dhan · Accessed 13 Oct 2026
- ICICI One Tap Dhan · Accessed 13 Oct 2026
- Risk and voluntary freeze policy Dhan · Accessed 13 Oct 2026
- Trading kill switch and exit controls Dhan · Accessed 13 Oct 2026
- API authentication Dhan · Accessed 13 Oct 2026
- Order APIs Dhan · Accessed 13 Oct 2026
- Conditional trigger API Dhan · Accessed 13 Oct 2026
- Super Orders Dhan · Accessed 13 Oct 2026
- Investor Risk Reduction Access Dhan · Accessed 13 Oct 2026
- Journal reports Dhan · Accessed 13 Oct 2026
- Ledger downloads Dhan · Accessed 13 Oct 2026
- Tax report download Dhan · Accessed 13 Oct 2026
- Dormant-account reactivation Dhan · Accessed 13 Oct 2026
- Customer service Dhan · Accessed 13 Oct 2026
- Complaint escalation Dhan · Accessed 13 Oct 2026
- Regulatory information Dhan · Accessed 13 Oct 2026
- Safety and security Dhan · Accessed 13 Oct 2026
- Separate US-stock service Dhan · Accessed 13 Oct 2026
- Referral support catalogue Dhan · Accessed 13 Oct 2026
- Product and service disclaimers Dhan · Accessed 13 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.