Open Your Free Demat Account
In 5 Minutes*Regular Account
₹0
- Brokerage free tradesX
- Brokerage on equity₹20
- Brokerage on other segments₹20
- Net Banking Charges₹10
- DP Transaction Charges₹12.5
Power Investor
₹599
- Brokerage free tradesX
- Brokerage on equity₹10
- Brokerage on other segments₹10
- Net Banking Charges₹10
- DP Transaction Charges₹12.5
Ultra Trader
₹1,199
- Brokerage free trades100
- Brokerage on equity delivery orders₹0
- Brokerage on other segments₹10
- Net Banking Charges₹0
- DP Transaction charges₹0
-
₹0
Brokerage on Intraday,
Equity, Mutual Fund -
₹0
Account
Opening Charge -
₹0
Account
Maintenance Charge
-
₹10
Brokerage
for all Trades -
₹0
Account Opening
Charge -
₹0
Commission On
Mutual Fund
-
₹20
For All Trades
-
₹10
For Smart Trades*
-
₹0
Commission On
Mutual Fund
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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
What is a Demat Account?
A Demat or dematerialized account is a digital platform designed for electronically holding various financial instruments, including company shares and securities like stocks, mutual funds, bonds, and ETFs. The corresponding shares are credited to the Demat account upon purchasing stocks, and when selling, the securities are debited accordingly. Investors can choose between a standalone Demat account or a 3-in-1 account, seamlessly integrating their trading and bank accounts.
Types of Demat Account
Here are various types of Demat accounts designed to cater to the specific needs and preferences of investors:
- Regular Demat Account
Indian residents widely use this online Demat account to trade equity shares and securities. It requires linkage with a trading account for advanced activities like Futures and Options. An associated annual maintenance charge (AMC) varies among service providers. SEBI introduced the Basic Services Demat Account (BSDA) to accommodate smaller investors, which minimizes or eliminates the AMC based on the investment size, making it more cost-effective for individuals with limited holdings.
- BSDA - Basic Service Demat Account
The Basic Services Demat Account (BSDA) is tailored for small investors, featuring concessions like reduced maintenance charges, particularly beneficial when the value of securities in the account does not exceed ₹2 lakhs. Ideal for those with a smaller investment portfolio or new to investing, the BSDA is a cost-effective and accessible option.
- Repatriable Demat Account
Crafted for Non-Resident Indian (NRI) investors, the Repatriable Demat Account allows participation in the Indian stock market and facilitates the transfer of funds outside India. Linked with an NRE (Non-Resident External) account, it offers flexibility and enables NRI investors to repatriate up to one million US dollars annually.
- Non-repatriable Demat Account
Like the repatriable account, the Non-repatriable Demat Account is designed for NRIs but does not permit fund transfers outside India. Linked to an NRO (Non-Resident Ordinary) account, it allows NRIs to invest in the Indian stock market, benefiting from economic growth while keeping funds within the Indian financial system.
How to open a Demat Account?
The Demat account opening process can be streamlined into four simple steps using the user-friendly 5paisa app:
- Download the 5paisa app
Head to the Apple Store or Google Play Store to download the 5paisa app, providing a convenient gateway to the free Demat account opening process.
- Select 'Open Demat Account' Option
Choose the 'Open Demat Account' option within the app to initiate the account opening procedure.
- Guidance from 5paisa Executives
Once you've selected the option, dedicated 5paisa executives will promptly contact you. They will guide you through the Demat account opening process, ensuring a smooth and hassle-free experience.
- Submit Documents and Verify KYC
Following the guidance, submit the required documents as specified by 5paisa and complete the KYC (Know Your Customer) verification process. This step finalizes the free Demat account opening process, preparing you to engage in seamless electronic trading of various financial instruments.
Documents Required to open Demat account
For a free Demat account opening online, you'll need a set of documents, much like those required for a bank account. Here's a breakdown:
- Proof of identity
Provide a government-issued ID with a photo, like a driving license, passport, voter ID card, or Aadhaar.
- Proof of address
Submit recent utility bills, passport, Aadhaar card, etc. If needed, your spouse's address proof is also accepted.
- Proof of income
Mandatory for specific transactions such as derivatives. Include documents like proof of salary, recent income tax returns, and bank account statements if required.
- Proof of bank account
This is a must. Submit a canceled cheque or recent bank statement to the depository participant handling your account.
- PAN card
Attach your permanent account number to other documents. This helps the income tax department monitor potential tax evasions.
- Photographs
Depending on your broker, you might need 1-3 recent photographs.
- Additional documents for specific entities
If you're opening the account as a company, NRI, or Hindu Undivided Family, extra documents are necessary to prove your status and eligibility.
Why open Demat Account with 5paisa?
Here are the main reasons to open Demat account online with 5paisa, ensuring a seamless and efficient investment experience:
- Zero Brokerage Fee
Benefit from the freedom of trading with a 0% brokerage fee, making 5paisa an incredibly cost-effective choice for your investment endeavors.
- Intuitive Interface
Navigate the intricacies of financial markets effortlessly with 5paisa's intuitive and user-friendly interface, designed to enhance your overall trading experience.
- Swift Onboarding Process
Experience a speedy onboarding process, allowing you to set up your Demat account seamlessly by utilizing your Aadhaar, eKYC, and PAN details.
- Informed Decision-Making
Stay informed with real-time updates and news, and filter stocks to make well-informed decisions, positioning yourself ahead in the dynamic realm of investments.
- Effortless Accessibility
Trade effortlessly with quick and easy accessibility via your mobile number, regardless of whether you use Android, iOS, or web platforms.
- Diverse Investment Opportunities
Explore digital trading opportunities, including IPOs, stocks, mutual funds, and more, conveniently accessible through your Demat account.
Frequently Asked Questions
A Demat Account is crucial for seamless online trading. It enables investors to convert physical shares into a dematerialized format, securely holding them electronically. Beyond shares, a Demat Account accommodates assets such as bonds, ETFs, mutual funds, gold bonds, and similar securities, each with a unique ISIN number.
Opening a Demat Account and Mutual Fund 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 1 hour. 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, or Demat, is converting physical copies of shares and certificates into a digital format. This transition allows investors to manage their securities electronically, offering a secure and streamlined approach to trading. It reduces the risk associated with physical documentation and aligns with the modern and efficient practices of the financial markets.
You can open an All-in-one Investment Account, seamlessly integrating a Trading Account, Mutual Funds, and a Demat Account. This comprehensive choice is ideal for those seeking a holistic investment approach, combining direct stock investments and mutual funds. Alternatively, you can opt for an Only Mutual Fund Account if your investment focuses exclusively on mutual funds, providing tailored solutions to meet diverse investor preferences.
5paisa is inclusive and accommodates various account holders, including individuals, corporates, partnership firms, trusts, Hindu Undivided Families (HUF), and Limited Liability Partnerships (LLP). This broad inclusivity ensures that a wide spectrum of investors can leverage the benefits of a Demat Account and participate in the financial markets.