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What Our Users Have to Say
5paisa's FnO is a game changer! The live option data which includes 16+ greeks in real time, gives me the edge.
Abdul Razzak Khan
- 2024-04-24
- Google playstore
I am impressed with the IPO details 5paisa provides and ease of applying for one.
Vipin Dasgupta
- 2024-04-21
- Google playstore
5paisa's App executes trades seamlessly, and the user interface is intuitive, allowing me to focus on what really matters.
Sakib Khan
- 2024-04-10
- Google playstore
5paisa's integration of the FnO 360's stats section is a goldmine for derivatives traders like myself, with multiple dashboards offering in-depth insights, I can make more informed decisions quickly. And its one-tap rollover feature is a lifesaver for managing futures positions efficiently.
Ashok Kumar
- 2024-04-15
- Google playstore
The pre-defined strategies in the 5paisa app makes executing trades a breeze, and the bulk order placement from the option chain saves me valuable time.
Ruchi Shah
- 2024-04-26
- Google playstore
Introduction to Demat Account
A demat account, short for Dematerialized Account is an electronic platform that holds your financial products like shares, bonds, mutual funds, and ETFs in electronic form. Think of it as a secure digital locker for your investments.
When you buy stocks, they are added to your Demat account, and when you sell, they are debited from it. For a smoother trading experience, you can opt for a 3-in-1 account, which integrates your Demat, trading, and bank accounts, or choose a standalone Demat account. Click here to learn more about demat accounts.
Steps to Open a Demat Account with 5paisa
Opening a Demat account with 5paisa is simple and convenient. Follow the steps below to get started:
1. Download the 5paisa App: Get the app from the App Store or Google Play and start the free demat account opening process.
2. Click ‘Open Demat Account’: Tap on the 'Open Demat Account' option to begin.
3. Get Assistance: A 5paisa executive will guide you through the process for a smooth experience.
4. Submit Documents & Complete KYC: Upload your documents and complete KYC. Once done, your Demat account will be ready to start trading!
For detailed guidance, click here to read our step-by-step article on opening a Demat account effortlessly.
Requirements to Open a Demat Account
To open a Demat account, you need to be an Indian resident, have an active bank account and provide basic KYC documents. Here's a quick checklist:
1. Proof of Identity: PAN card (mandatory), Aadhaar, Passport, Voter ID, or ID issued by authorities.
2. Proof of Address: Driving license, utility bill, bank statement (within 3 months), or lease/sale agreement.
3. Proof of Income (for derivatives/commodities): ITR, salary slip, or CA-certified net worth.
4. Photographs: Recent passport-sized photos.
Make sure the documents are valid and up-to-date! In certain cases, additional documents may be required. You can view a complete list of required documents for opening a demat account.
Why Open a Demat Account with 5paisa?
Opening a Demat account with 5paisa offers a smooth, cost effective and rewarding experience. You can enjoy:
1. Flat Brokerage Fee - The benefits of trading with a flat ₹20 brokerage fee, making 5paisa one of the most cost-effective platforms.
2. User-Friendly Interface - 5paisa’s simple and intuitive platform makes it easy to navigate and trade confidently in the financial markets.
3. Quick Account Setup - Get started effortlessly with Aadhaar, eKYC, and PAN-based account registration.
4. Stay Informed - Receive real-time updates, market news, and stock filters to help you make informed investment decisions.
There are many more benefits of having a demat account. Read about the same.
Frequently Asked Questions
A demat account is essential for holding securities like stocks, bonds, and mutual funds in electronic form, ensuring safety from theft or damage. It simplifies transactions, allows seamless trading, and provides quick access to your portfolio, making investment management convenient and efficient.
Opening a Demat Account with 5paisa incurs zero account opening charges. This transparent approach ensures that investors can initiate their investment journey without upfront costs, making the platform more accessible and investor-friendly.
The activation process is remarkably swift if you open an account online with 5paisa. Once your documents undergo successful verification and the e-sign process is completed, your account will be activated within 72 hours. A welcome email will promptly follow, confirming the successful activation of your account and enabling you to commence your trading activities without unnecessary delays.
Dematerialization is the process of converting physical share certificates and other securities into electronic format. This eliminates the need for paper-based certificates, ensuring safer storage, easier transfer, and faster transactions, all managed through a demat account. It streamlines investment handling and reduces the risk of loss or forgery.
At 5paisa, anyone interested in investing in stocks, mutual funds, or other securities can open a Demat Account. We provide a seamless platform to start your investment journey hassle-free.
Yes, a demat account is transferable. You can transfer your holdings from one demat account to another by initiating a transfer request. This can be done within the same depository (intra-depository transfer) or between different depositories (inter-depository transfer) using delivery instruction slips (DIS) or online methods.