Open FREE Demat Account

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Open Your Free Demat Account

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Regular Account

₹0

₹0 per month
  • Brokerage free tradesX
  • Brokerage on equity₹20
  • Brokerage on other segments₹20
  • Net Banking Charges₹10
  • DP Transaction Charges₹12.5

Power Investor

₹599

₹599 per month
  • Brokerage free tradesX
  • Brokerage on equity₹10
  • Brokerage on other segments₹10
  • Net Banking Charges₹10
  • DP Transaction Charges₹12.5
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Ultra Trader

₹1199

₹1199 per month
  • Brokerage free trades100
  • Brokerage on equity₹0
  • Brokerage on other segments₹10
  • Net Banking Charges₹0
  • DP Transaction Charges₹0
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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.

  • Transparent and Affordable Pricing

    Enjoy a cost-effective process with no charges for creating a 5paisa Demat account. Pricing includes Rs 20 per executed order for stock trading, Rs 10 per executed order for mutual funds, and an annual fee of Rs 300 for Demat transactions.

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Open Demat Account