Demat Account

Your search for the best Demat Account ends here.
  • FREE Demat and Trading account
  • Trade at the lowest cost of flat Rs. 10
  • 2nd largest discount broker
  • Over 250000+ delighted customers
  • 3 million+ app downloads
Open a FREE Demat Account in just 5 minutes
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What we need : PAN no, Aadhar Card, Bank A/c No

Why open a Demat Account with 5paisa?

Low Cost

5paisa offers free Demat account to its customers. Additionally, there is also no fixed DP AMC charges, you pay only when you trade.

Flat Fee

Trade in high volumes for a flat fee of just Rs 10, and save more than 98% on your brokerage costs.

Hassle-free

Completely paper-less and best demat account opening process based on Aadhaar to manage all your investments in one place.

Single Account:

Use one account to trade in stocks, futures & options (F&O), commodities as well as currencies at a flat rate.

Why trade with 5paisa?

Advanced trading platform

Enjoy powerful web and desktop based trading platform for lightning fast trade.

Trade Station: Our web-based online trading platform can simplify your investing experience with its advanced features, intuitive navigation and analysis tools like charts, market depth and option chain.

Trade Station EXE: Our desktop platform is a high speed and reliable trading platform. The platform is highly secured and its superior functional terminal offers seamless features to analyse scrips, track and monitor your portfolio.

Integrated investment platform

One powerful online platform for all your trading and investment needs.

Our one single account can help you invest in capital markets, mutual funds, insurance as well as avail flexible personal loan. Invest in equity, futures and options, currency and commodity, while enjoying the benefits of research and advisory.

Robust online trading mobile app

Enjoy your trading experience with our cutting-edge and highly rated Mobile App.

Our mobile app is the fastest growing mobile trading application in terms of downloads. Well-equipped with state-of-the-art features like real time stock price display, live trading reports, multiple market watches, instant fund transfer, market depth, and charting, we offer you one of the most convenient and seamless mobile portal for trading.

Superior research and advisory

Avail superior research, artificial intelligence driven Robo-Advisory services and automated Algo Trading.

Make your investment journey seamless with our expert research and advisory; simply automate your trading decisions using advanced algo trading tools; or get smart investment plans based on your profile and investment objective with our completely automated Robo advisory service. Technology driven next-gen platforms and focus on innovation are surely our competitive advantage.

How to open demat account?

Step 1 - Fill in your personal details

5paisa offers the best demat account in India. All you need to do is fill in your PAN No. and Date of Birth; and we will prefill all your details, so you can just verify it.

What personal details will you have to share? Don’t worry, you do not need fill in any endless form for our free demat account. Just fill in the following details and we will prefill all your details, so that you can just verify it.
  • PAN Number
  • Date of Birth
  • Aadhaar Number

Step 2 - Enter your Bank details

Enter your Bank Account Number and IFSC Code to fetch your bank details in one go. Let us assure you that all your information will be saved securely with us.

Why is bank detail required for Demat Account? Bank detail is useful to ensure funds and securities settlement with your trading account. You can only start trading when you have a linked bank account to transfer funds. In order to trade, customer can accept or transfer funds only from the linked Bank account. Without a trading account, your demat account is merely a store for holding securities in digital form.

Step 3 - Upload your documents

We believe in saving paper. You just need to click a picture of your Pan Card and Address proof and upload it.

What documents are required for Demat Account opening? For a hassle-free account opening process, you need few documents. Here’s a list of documents you need to keep handy:
  • PAN Card
  • Address Proof
  • Bank Details
  • Photo

Step 4 - e-Sign your form

Review your complete form and e-sign it digitally using Aadhaar. Your account will be open in no time, subject to verification by our team

Is in-person verification required for Demat Account? In-person verification is no longer required if you e-sign your form. However, all your documents are verified by our team online.

Video

What is a demat account?
A demat account or dematerialized account is a facility that allows you to hold all your shares and securities in an electronic form in one place. A demat account eliminates the risk of theft, forgery, or loss of physical certificates and ensures immediate transfers of securities, making the entire process of buying and selling securities easy and streamlined. Watch the video or read the blogs to know more about Demat account.

Glossary: What are the key terms associated
with Demat Account?

The financial institutions like banks and brokers who are empowered to offer demat account services are called Depository Participants. There are two kinds of depositories: CDSL and NSDL. This means that both these depositories hold details of your shareholding on your behalf, similar to banks that hold your money in different kinds of accounts.

You own a portion of the company’s assets when you buy a share. There are three essential things that you need to start trading in the stock market: savings account in a bank, trading account and a demat account. To prove this ownership, you are entitled to receive a certificate.

When you register with a stockbroking firm, you receive a unique trading ID which is used to conduct transactions. When you trade, you are required to deposit money in your demat account to place order for a stock. Once your order is executed, the shares are forwarded to your demat account using the unique ID.

Central Depository is basically a central agency that maintains all the relevant information associated to Demat accounts that are opened with DPs throughout the country. There are two Depositories in India – the National Securities Depositories Limited (NSDL) and the Central Depository Services Limited (CDSL). These depositories help in holding shares that are held by the various depository participants.

A demat account allows you to hold all your stocks, bonds, mutual funds, exchange traded funds, securities and others, in an electronic form. Every time you make a purchase, your demat account gets credited with the same. Similarly, when you sell, your demat account is debited.

There is no minimum balance for you to hold a demat account. In fact, there is no minimum number of securities that you require to keep your account running.

Frequently Asked Questions

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. It facilitates free online trade, enhancing ease and convenience for investors.

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

Dematerialization is a process in which your physical investment certificates or securities (including shares, mutual funds, ETFs, bonds, among others) get converted in electronic form. These securities are credited into your demat account with your Depository Participant (DP).

A trading account links up your demat and your bank account. Both demat and trading accounts are crucial for any trading in the share markets. When you buy shares of any company, you have to use the trading account to do so. The money is debited from your bank account and the shares are credited and reflected in your demat account. When you sell your shares, it is the opposite.

In order to open an demat account with 5paisa, below documents are required:

PAN No.*

Address Proof (Aadhaar Card Preferred)

Bank A/c No.

Income Proof (For Derivatives & Currency segments)

Specimen Signature (on blank white paper)

* If PAN No. or KRA is not verified online then customer needs to provide PAN Card Copy. Open Demat Account now.

Non-Resident Indian (NRI) can open a demat account, but they have to follow the rules of the Foreign Exchange Management Act (FEMA). An NRI can use the demat account through Portfolio Investment Scheme (PINS) to make investments in India. The PINS scheme permits an NRI to transact in shares and mutual fund units.

Also, as per RBI, an NRI can only hold up to 5% of paid-up capital in an Indian company. If a person has a demat account before gaining the status of NRI, they can convert it into the NRO category to trade after leaving the country or open a new account.

Yes, nomination facility is available for demat account. It is advisable for all individual owners to avail of this facility. In case of joint account, all account holders have to sign the nomination form. The nomination can be changed or updated as and when required.

Yes, you can add more than one nominee. A maximum of 3 nominees can be added to your demat account.

Demat Account can be transferred from one Depository Participant to another. You need to follow the procedure to transfer your demat A/c:

Scenario.1. In case you wish to transfer shares from other DP to 5paisa

In order to transfer shares from other DP to 5paisa demat account, you need to submit a duly signed Delivery Instruction Slip (DIS) of the other DP along with the Client Master List of 5paisa. Please note pan card is mandatory.

Scenario.2. In case you wish to transfer shares from 5paisa to other DP

To transfer the shares from 5paisa DP to other DP, you need a DIS requisition form, which needs to be duly filled along with self attested PAN card copy to 5paisa Corporate Office Address. You also need to send the client master copy of the other DP where you wish to transfer the shares. On receipt of this form, DIS slip will be issued to your registered address.

You can add new bank account to your 5paisa demat and trading account by submitting the new bank details online. Upto 5 bank accounts can be linked with your account. You can also make this new bank your default bank a/c for pay out.

To remove the bank details, you need to follow and offline process. Click here to download the form, fill-in your details and send it to the following address: 5paisa Capital Ltd., Sun Infotech Park, Road No. 16V, Plot No.B-23, Thane Industrial Area, Wagle Estate, Thane - 400604.