A Demat account is one of the basic requirements to trade online. A Demat account allows investors to convert physical shares into the dematerialized format and hold them in electronic form.

Apart from shares, the Demat account can also hold bonds, ETFs, mutual funds, gold bonds, and other similar assets with a unique ISIN number.

With 5paisa you can open a demat account online.

• All your investments are held in an electronic form, which reduces paperwork.
• Eliminates all the risks associated in dealing with physical shares like physical damage or misplacement.
• Ensures the safety of your stocks with no storing risks.
• Supports Quick share transfer
• Allows faster transaction, resulting in quick credit for investors
• 5paisa helps you to open your demat account  with minimum brokerage

To open Demat account online with 5paisa one requires:

• PAN Card
• Address Proof (Aadhaar Card preferred)
• Proof of Bank Details
• Income Proof (For derivatives & currency segment)
• Signature (on blank white paper)

Note: If bank verification fails, bank proof is mandatory to submit.

The Easy way to open a demat account with 5paisa is in just 4 steps:

1. Enter PAN and Bank details
2. Enter Aadhar card link through Digilocker
3. Take selfie
4. Fill the e-sign form

Once the documents are successfully verified and e-sign is done, your account will be activated within 1 hour. You would receive a welcome email to your registered email id once your demat account is activated. 5paisa provides you the fastest demat account opening services.

If you have applied for an offline A/c opening and sent across your application along with the documents, it generally takes 24 hours for your account to be activated. Any discrepancies in the submitted forms or documents would delay the account opening process.

Anyone can open a trading and demat account with 5paisa – Individual, Corporate, Partnership Firm, Trust, HUF or LLP (Limited Liability Partnership).

Yes, 5 paisa Demat account can be transferred from one Depository Participant to another. For this, you need to submit the closure or transfer request by sending us an email at support@5paisa.com

It is advisable to get the allotment of an IPO in Demat form as the shares issued are tradable only in the demat form. However, an investor has the option to apply and receive the shares in physical form. In any case, for all IPO of any security of issue size of Rs. 10 crore or more, issues have to be compulsorily be only in dematerialized form.

No, Demat account is not needed for Mutual Fund investments of any kind including SIP. It is compulsory only for trading in stock market.

Yes, a Trading and Demat account can be opened in single or joint names. A maximum of 3 names can be added in the joint Demat account- 1 main holder and 2 joint holders.