5paisa Account Opening - Process, Documents and Charges
5Paisa Online Account Open Process, Forms and Fees
5paisa is a Mumbai based discount stock broker situated in India. 5paisa account open offers online stock trading to retail customers at a very low flat rate brokerage. It has launched its services in the year 2016 and has been the most trustworthy for many investors and traders. 5paisa gained a large number of customers because of the low brokerage plans.
5paisa Account Opening, Charges, and Benefits
5paisa account opening offers investing and trading in stocks or derivatives, you are required to have a 2-in-1 account that includes a trading and a Demat account. In case you are only interested in investing mutual funds then you can open a mutual fund account with 5paisa.
5paisa account opening charges (5paisa account opening fee)
5paisa account open 2023 provides you with an all-in-one (Trading + Demat) account. With this account you can trade and invest in all segments like stocks, mutual funds, commodity, currencies, F&O, bond, gold, insurance etc. If you are interested in investing only in mutual funds then you can open a Mutual Fund account with 5paisa. 5paisa demat account opening charges is zero.
Charges for opening an account with 5 paisa are written below:
Trading Account Opening Charges
Account AMC Charges
Demat Account Opening Charges
Demat AMC (Yealy)
5Paisa is listed on BSE and NSE. 5Paisa has received many awards and recognition for its excellent services. It charges flat ₹20 per executed order. 5Paisa has more than 50 lakhs users of its applications. 5Paisa also provides the best and advanced trading and investment experience. There are some 5paisa account open requirements which we will discuss in this article.
5paisa account open review: There is no such 5paisa account open eligibility but by law, any person above the age of 18 with valid documentation can open a Demat account. However, there is a special 5paisa account open minor demat for minors and a Demat account for multiple investors. You can easily do 5paisa account open with phone number and 5paisa demat account opening process is very easy and simple.
Types of 5paisa account open in India
1. 2-in-1 account.
2. Mutual Fund Investment Account.
5paise account opening offers a paperless procedure. Mostly, it takes an hour to activate your account after submitting the online application and supporting documents.
5paisa account opening documents
To open an account with 5paisa, a certain set of documents is required. The documents required to open an account are:
1. PAN Card details.
2. Address Proof (Passport, Voter Id, Bank statement, Ration Card, etc.)
3. Bank Proof (Cancelled cheque or bank statement)
4. Income Proof (Copy of Annual account, Form 16, etc.)
5. Specimen signature- It is required for offline transactions in case of digitally signed applications.
How to open 5paisa account online?
5paisa account opening process is easy and simple. 5paisa account open account online has a complete paperless process i.e. online mode to open account with 5paise. For 5paisa account opening procedure follow the below mention steps.
Steps for 5paisa open demat account are:
1. Fill in your personal details like your PAN Number, DOB, and Aadhar number.
2. Enter your Bank details like Account number and IFSC code to fetch your bank details in one go.
3. Upload all the documents like PAN card, Address proof, Bank details and Photo.
4. You will be directed to the payment page in order to pay account opening charges. You can also enter an amount you wish to start trading with.
5. In the final step, review and complete the form and sign it digitally using Aadhar. Your account will open quickly once after getting verified by 5paisa.
Note – If you don’t have an Aadhar card, Physical signature will be required (Scanned copy of signature).
How to open free demat account in 5paisa?
If you do not have Aadhar or it is not linked with your Mobile number, do not worry. We have an Offline Account opening option as well. 5paisa offline account opening procedure is given below:
Step 1: After 5paisa account open request complete Online Account Opening Process.
Step 2: Once documents are uploaded online, they will undergo verification.
Step 3: On successful verification, you will receive a soft copy of the pre-filled form on your registered email ID. (In case of any rejection of a document, you need to resubmit the same and clear the rejection)
Step 4: You need to take a print of the pre-filled form along with 23 signatures and self-attestation on all the documents.
Step 5: Courier the form to our Thane Office and the address is IIFL House, Sun Infotech Park, Road No.16V, Plot No. B-23, MIDC, Wagle Estate Rd, Industrial Area, Thane, Maharashtra 400604
Step 6: Once the form reaches our Registered Office, the same will be processed and the account will be opened within 24 hours if documents are successfully verified.
You can download 5paisa account open modification form if you want any type of changes in your account from 5paisa official website.
Note: 5paisa has closed the document pick-up facility for the offline account opening process.
5paisa account open status
5paisa account open account online takes around 1-4 hours to get the account activated if all the appropriate documents and information is available in the right order. In case, paper form is couriered to 5paisa, maximum 2 working days will be taken to open the account after receiving forms.
If a welcome mail is not received even after 2 days, then contact 5paisa support team who will provide the status of 5paisa account opening.
5 paisa account opening time
If you have applied for 5paisa offline account opening and sent across your application along with the documents, 5paisa account open 24 hours for your account to be activated. Any discrepancies in the submitted forms or documents would delay the account opening process. After successfully account opening you can do 5paisa account open login with your login credentials.
5paisa account open minor demat
The list of documents required for 5paisa account open minor are given below:
1. Address Proof.
2. Aadhar Card of the minor.
3. Aadhar Card of the guardian.
4. Age Proof of the minor (Birth Certificate)
5. Photographs of the minor.
6. Photographs of the guardian.
7. PAN Card of the minor.
8. PAN Card of the guardian.
9. Specimen Signature of the guardian
5paisa account open refer and earn
Refer your friends to 5paisa and get exciting rewards!
• What you get when your friend opens 5paisa account?
₹200/- FREE Credit & 12.5% Brokerage sharing on every referral
Get ₹5000 worth of Vouchers from Top Brands on your first ever referral
• What your friend gets on successful account opening?
₹2000/- worth Vouchers from Top Brands
How to activate 5paisa account?
To check your account activation status:
1. Website Platform:
• Visit 5paisa website.
• Click on 3 horizontal lines near Login.
• Click on Online Account Opening Status.
• Login with your credentials.
• Login to the 5paisa Mobile App.
• On Dashboard Click on Account Opening in Progress
• You will also receive SMS or Email Alerts for your A/c activation.
Note: If any document is pending or rejected, you can upload the same through our 5paisa Mobile App or website.
5paisa account opening benefits
• 5Paisa charges an amount of ₹20 per executed order.
• 5Paisa has advanced trading and investment experience from anywhere on any device. E.g. on your mobile, desktop or from the call centre.
• 5Paisa provides direct mutual fund services that helps you in saving more on mutual funds.
• 5Paisa provides the immediate reports of profit and loss with suggestions to lower the risk and improve the performance.
• 5Paisa has the latest advanced tools and innovative tips that are provided by the high-level researching team.
• 5paisa commodity account opening has a paperless account opening procedure i.e. Online.
• 5Paisa account open in India provides the facility of Margin funding.
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Frequently Asked Questions
NRI account opening in 5paisa is not available. Only Indian residents living in foreign can open their regular 5paisa account using their Indian resident proof and Indian Bank account.
No, It charges flat ₹20 per executed order brokerage for stock trading and ₹10 per executed order brokerage for mutual funds.
The features are listed below: 1. Zero brokerage. 2. Free premium Research and advisory. 3. Paperless account opening. 4. Free account opening. 5. Free mutual fund account opening.
In order to track the account opening status of your references, you need to follow these steps: 1. Login 5paisa.com partner section. 2. Click on the dashboard. 3. Select the lead status and you will be able to see the account opening status of your reference.
The steps to download profit and loss reports in 5paisa are: 1. Enter your username and password by logging in to your account. 2. Click on your Profile logo on the dashboard. 3. Go to “My reports” from the options tab. 4. Select “Portfolio” from the reports option. 5. Select the necessary filters. 6. Click on the PDF or Excel button and download your P&L report from 5paisa.
If the customer applies online to open an account then the account will be opened within an hour. If the customer applies offline to open an account then the account will be opened within 24 hours. Any mistake in the submitted forms or documents would delay the account opening process.
The limit for IPO application is 2 lakhs per transaction on UPI.
You will get a link which you can send to your references. One your references add their name, mail Id and mobile number then the credit will be given to you automatically.
No, 5paisa does not provides NRI account opening facility.
Only 5paisa demat account opening is free but there are some other charges related to demat account are applicable on 5paisa demat account.
To check applied IPO in 5paisa, login to paisa account and visit IPO section to check any details related to IPO.
It allows the users to trade and to invest in equity, currency trading to go along with the mutual fund investments across BSE, and NSE.
5paisa algo trading works with the help of 5paisa API key. 5paisa API is free for all 5paisa users.
ALB is the Adjusted Ledger Balance. It is the balance for the fund that you can withdraw or transfer back to the bank account.
Login to your paisa account. Click on IPO applicant details to check 5 paisa IPO application number.
The add on packs do not include the GST tax. All the paid plans will be charged at 18% GST over and above the add on pack fees and the same shall be non-refundable.
To buy IPO in 5paisa app, login to 5paisa app using your 5paisa account login credentials. Click IPO and select the IPO you wish to apply. Fill the details like 5paisa IPO quantity, 5 paisa IPO price and your UPI ID. Accept the mandate request received on your UPI app to complete the 5paisa IPO application.
To cancel 5paisa IPO request, login to your 5paisa demat account.
₹20 per executed order.
IPO minimum amount depends upon the IPO company. But IPO minimum application amount generally starts from ₹13,000 onwards.
A minor cannot become a 5Paisa partner.
To delete application of IPO on 5paisa, login to 5paisa. You will find the cancel of modify bid option in IPO reports section.
To change your billing date, you are required to cancel your subscription and restart it on the date you would like to bill it on. In case you cancel it in the middle of your billing cycle, the cancellation shall be effective only at the end of that billing cycle and then you will be unable to re-subscribe your account until after that time.
5paisa.com does not provide any marketing support. The customer is required to search their references on their own. Although, the complete information about 5paisa.com is available on the website. The information present on website can be used for convincing clients.
When you sell any stocks hold in your demat account and the securities are debited from the demat account then a demat debit charge is levied by 5paisa. The charges are 0.025% i.e. minimum ₹25 per transaction of the value of securities.
The de-registration will not be available from the application until the active requests are revoked/executed.
The signature may get rejected due to the following reasons: 1. If the client has signed other than blue or black ink in the sent documents. 2. If the client has signed with pencil. 3. If the signature file is not uploaded properly. 4. If the signature does not match with your PAN. 5. If the signature is blur and not visible.
Login to your 5paisa account on 5paisa web or 5paisa app. Visit IPO section and select the IPO you wish to apply.
Sensibull is an independent start-up with its own options trading platform. It has tied up with various brokers like 5paisa and more. It helps users in taking their options trading decisions.
No, there are no charges for transactions done through UPI.
This broker results as a fantastic choice for the beginner clients as it is cheap. It charges a flat rate brokerage for all the segments and allows investment with assistance of small chunk of money without the need of deploying massive funds into the demat account.
They are the type of mutual funds that invest in securities with a residual maturity of up to 91 days. The assets invested are not tied up for a long time as liquid funds do not have lock-in period.
You can sell the IPO shares on and after the listing day of IPO. Just login to your 5paisa account, click on HOLDINGS and select the shares you wish to sell. Enter the details and click on sell. Remember, you must have a trading account for this because buying and selling of shares in stock market can be done only via a trading account
It is the date on which the client’s investment will be processed each month. When a client does an SIP then the amount is debited from their bank account one business day prior to the SIP date.
A Virtual Payment Address (VPA) is a unique identifier that can be used to send and receive money on UPI. Think of it as an email Id that you can use to transfer money.
You are required to have an active equity account in order to subscribe to any of our add on back plans.
No, only one bank account with one IPO application is allowed.
No, this broker belongs to the house of discount brokers and they don’t provide research services. However, the customers can rely on 5paisa terms of information regarding the top picks. Its robo advisory tool guides the customers through lot of aspects.
5paisa charges brokerage @₹20 per executer order for regular account.
UPI is an abbreviation used for Unified Payments Interface (UPI). It is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. It is built over the IMPS infrastructure and allows you to instantly transfer money between the sender and the receiver.
Yes, It is safe, trustworthy and reliable stockbroker. It is promoted by Mr. Nirmal Jain, the founder of IIFL group (formally India Infoline). This broker is professionally managed and publicly traded company that is listed at BSE and NSE.
login to your 5paisa account. Click on IPO applicant details section, there you can check your 5paisa IPO application number.
In order to get your SIP stop, follow the steps: 1. Go to Mutual Funds order book. 2. Click on the SIP section. 3. Click on the scheme you wish to stop. 4. Click on the Stop SIP option. 5. Select a reason and click on stop SIP.
The customer can redeem investments by using the following steps: 1. Visit the Mutual Fund Portfolio (termed as MF Holdings on web). 2. Tap on the scheme you would like to redeem. 3. Click on Redeem. 4. Choose the units or amount to redeem. 5. Click on Confirm.
If you have insufficient balance in your bank account while accepting the IPO mandate then the transaction will get declined. You need to have sufficient funds in your bank account to carry on the transaction.
To place AMO orders in 5paisa, login to 5paisa station and select the script. Click on buy or sell and then click on Advance. Enter the order details and tick mark on Place this order after market hours. Submit by clicking on Buy or Sell.
You need to send physical signed form to get your demat and trading account closed.