Step by Step Account Opening and Investment Process

1. User signs up on Wint Wealth using mobile number and email address
2. The user will complete SEBI-based KYC as per the SEBI circular linked here
3. Once the KYC is approved by Wint Wealth which may take up to 2 working days, the user account is ready for transactions.
4. Users can explore assets available on the platform and choose to transact basis the information provided
5. Once a user decides to invest in any particular asset, they will click on “Invest Now” or any other similar button to proceed towards completing the transaction.
6. The user will then transfer funds through the payment gateway facility provided by the clearing corporation i.e NCL or ICCL
7. Parallelly the seller shall transfer the securities for sale to the clearing corporation.
8. Under the Request for Quote (RFQ)* mechanism run by the exchanges i.e NSE and BSE, the orders for buy/sell shall be matched.
9. Once the exchange completed the matching, the transaction moves to the settlement stage where the clearing corporations transfer the funds to the seller and the securities to the buyer.
10. At this stage, the transaction is settled and complete.

As per the latest OBPP (Online Bond Platform Provider) guidelines, any online platform which facilitates buying or selling listed bonds must become a SEBI-regulated intermediary and all the buying/selling of the bonds need to happen over the exchange facility provided by any of the registered exchanges in India.

For providing the buying/selling services via an exchange, the RFQ platform of the exchange is used. RFQ stands for Request For Quote. It’s a platform where the negotiation of the deals happens. For Wint Wealth users, they need not worry as Wint Wealth will be integrating with the exchanges (NSE & BSE) and provide the simple investment flow which has always been appreciated by the users.