5PAISA Demat Account – Charges Documents and Services
INTRODUCTION to 5PAISA Demat Account
The very important step to start trading in the stock market is, to have a demat account. If you’re looking to buy & sell securities like shares, mutual funds, digital gold or ETFs online, a dematerialized account is absolutely essential. Dematerialized form is the form where the physical securities are converted into electronic form.
ABOUT 5 PAISA DEMAT ACCOUNT
5 paisa demat account provides you a simpler way to start trading and that too with added benefits.
5paisa has been providing low-cost or discounted services since 2016 in areas such as insurance, investment and mutual funds besides normal trading services.
Opening a 5PAISA Demat account requires a depository participant. 5paisa acts as that depository participant.
ADVANTAGES OF 5PAISA DEMAT ACCOUNT
- Get yourself a new portfolio for investment and trading.
- Purely online account without any paperwork involved. You just need your Aadhar to get it all set up.
- More than 90% savings on all kinds of fees, including brokerage cost.
- Various investment plans to choose from.
- All the investments besides trading can be managed from a single account.
HOW TO OPEN 5PAISA DEMAT ACCOUNT
The process to open an account with 5paisa is quite simple, since our registration process is completely online and paperless. Further, you can also manage all your investments form the same account, which makes it a very advantageous proposition for the client.
The online account opening is integrated with Aadhar card and required correct mobile number setup in Aadhar database for your information validation. In case the Aadhar validation fails, the account opening has to be done by filling the forms manually, printing them and sending them through courier.
DOCUMENTS REQUIRED TO OPEN 5PAISA DEMAT ACCOUNT
- PAN Card
- Address Proof. This can be your Ration Card, Telephone Bill, Electricity Bill, Property Tax Receipts, Passport, Bank Passbook, Voter’s ID, Aadhar.
- Bank account number and IFSC code
- Your photo
Step 1: Go to the website/app of 5Paisa, and click on the open account link.
Step 2: You will be directed to a page that contains an online form that will require uploading certain documents. Details of these documents are mentioned below.
Step3: In the form, one needs to fill in a few personal details like Date of Birth, Aadhar number, and PAN number, and canceled cheque.
Step 4: The next step is to enter the bank details that include account number, IFSC code, etc. This account will be linked to your Demat account for the ease of transacting your shares and other investments.
Step 5: Upload all the required documents required and sign the application digitally using Aadhar card. If you do not have an Aadhar card, a physical signature will be required.
Step5: Once this process is completed, in a matter of 24-48 hours, your account will be activated and you will receive the login details on your registered email account.
5PAISA DEMAT ACCOUNT OPENING CHARGES
Unlike other platforms, 5paisa doesn’t charge any brokerage fees. There is just a constant charge of Rs.20 which is levied on all transactions and investments.
Also, there is no account opening fees, processing fees, and yearly account maintenance fees if you own a subscription plan. 5paisa is directly compensated by the Asset Management Company for providing the various trading services.
5paisa offers an online trading service in equity, derivatives, currency and commodities segment at BSE, NSE and MCX. 5paisa trading is done using a 2-in-1 account, integrating a trading and a demat account.
5paisa.com is Mumbai based discount stock broker. 5paisa offers online stock trading to retail customer at a very low flat rate brokerage. 5paisa launched its services in 2016 and attracted many investors and traders because of cheaper brokerage plans.
The process of opening Demat account with 5Paisa is very quick and simple. Every process is completely online and paperless. The process of opening Demat account with 5Paisa is very quick and simple. Every process is completely online and paperless.