Choice Broking Branch in Mumbai, Maharashtra
Tier 1Mumbai is India's premier financial capital, housing the headquarters of the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), SEBI, and leading brokerage firms. Complete guide to Choice Broking office address, customer care helpline, Depository Participant operations, offline KYC, and physical share dematerialisation in Mumbai.
Branch & Service Point Overview
Operational Address & Handling
Local Service Point & Address Details:
Authorized partner service desks and relationship desks across key financial zones in Mumbai: Fort, Bandra-Kurla Complex (BKC), Nariman Point, Andheri East, Borivali, Dadar (Postal codes: 400001, 400051, 400021, 400069). For centralized postal operations and DRF submissions, route to corporate operations headquarters: Sunil Patodia Tower, J.B. Nagar, Andheri East, Mumbai 400099.
Local SEBI Regional Office:
SEBI Bhavan, BKC, Bandra East, Mumbai 400051
Postal Pincodes: 400001, 400051, 400021, 400069
Demat & Physical Share Processing in Mumbai
Comprehensive branch support for physical certificate demat, IEPF claims, and name corrections. Under SEBI regulations, all physical share certificates must be converted into demat form before selling on NSE or BSE.
1. Demat Request Form (DRF)
Download Choice Broking DRF in duplicate, fill details of company and certificate numbers, and sign matching your bank/RTA specimen signature.
2. Deface Physical Certificate
Mark certificates with 'Surrendered for Dematerialisation' stamp to prevent misuse during transit from Mumbai.
3. Dispatch & Credit
Track consignment delivery to central operations. Registrar verifies signature and electronically credits shares into Demat ID 12075800 / IN304279.
Digital e-KYC vs Local Branch Walk-in
Most investors in Mumbai open accounts online in under 10 minutes. Here is how digital onboarding compares with in-person branch verification:
| Feature | Online Digital e-KYC (Recommended) | Offline Branch Walk-in / Assisted |
|---|---|---|
| Turnaround Time | 5 to 10 minutes (Active within 2 to 4 hours) | 24 to 72 business hours upon paper form verification |
| Required Proofs | Aadhaar OTP via DigiLocker, PAN, canceled cheque / bank statement | Physical photocopies of PAN, Aadhaar, bank proof with original signatures |
| Suitable For | Individual Indian resident traders with mobile-linked Aadhaar | HUF, Corporate accounts, NRI, Non-Aadhaar clients, or minors |
| Signature Verification | Digital Aadhaar e-Sign (NSDL / CDSL electronic gateway) | Wet ink physical signature on printed 24-page application booklet |
SEBI-Registered Intermediaries in Mumbai
Other recognized Depository Participants and brokers with official registrations in Mumbai:
| Entity Name | SEBI Reg No | Category | Contact / Desk |
|---|---|---|---|
| 1FC SECURITIES PRIVATE LIMITED | INZ000333130 | COMMODITY BROKER | 0919029075122 |
| AJMERA ASSOCIATES LIMITED | INZ000177531 | COMMODITY BROKER | 008591201758 |
| B D SHAH SECURITIES LIMITED | INZ000200338 | COMMODITY BROKER | 0919820070720 |
| DHWAJA SHARES & SECURITIES PRIVATE LIMITED | INZ000219637 | COMMODITY BROKER | 9102242552728 |
| INARAA FINANCIAL SERVICES PRIVATE LIMITED | INZ000323030 | COMMODITY BROKER | 00000000000 |
| INDIRA SECURITIES PRIVATE LIMITED | INZ000188930 | COMMODITY BROKER | 0919329099009 |
Frequently Asked Questions: Choice Broking in Mumbai
Does Choice Broking have a physical office or branch in Mumbai?
Choice Broking operates in Mumbai via its national full-service broker with 100+ branches nationwide. While retail traders in Mumbai predominantly manage their accounts digitally via mobile app and web, physical documentation, account modifications, and in-person verification are supported through Choice Broking regional desks, authorized representatives, or direct centralized postal dispatch.
How do I submit physical share certificates for Demat with Choice Broking in Mumbai?
To convert physical paper share certificates into electronic demat holdings via Choice Broking: (1) Open a Choice Broking Demat account if not already active; (2) Fill out the Demat Request Form (DRF) in duplicate for each company; (3) Deface the physical certificates by writing 'Surrendered for Dematerialisation'; (4) Submit directly at the local branch desk in Mumbai. The shares will be credited to your CDSL/NSDL Demat ID (12075800 / IN304279) within 15 to 21 working days upon registrar confirmation.
Can I complete offline KYC or account opening with Choice Broking in Mumbai?
Yes. While Choice Broking offers instant 100% paperless Aadhaar e-KYC completing in 5 to 10 minutes, investors without Aadhaar-linked mobile numbers, HUF accounts, corporate entities, or partnership firms in Mumbai can complete offline verification. You can visit the local branch in Mumbai with physical KYC documents.
What is the grievance redressal and customer care escalation for Choice Broking in Mumbai?
For support in Mumbai, call Choice Broking helpline at 022 6707 9999. If a ticket remains unresolved within 7 days, investors can escalate to Choice Broking designated Principal Compliance Officer. As a statutory right, clients can also lodge complaints directly with SEBI through the SCORES 2.0 portal (scores.sebi.gov.in) citing Choice Broking registration number INZ000160131, or visit the regional SEBI office (SEBI Bhavan, BKC, Bandra East, Mumbai 400051).