Open Free
Demat Account

A demat account is one of the basic requirements to trade online. It allows investors to convert physical shares into the dematerialized format and hold them in electronic form.

Apart from shares, a demat account can also hold:

• Bonds
• ETFs
• Mutual Funds
• Gold Bonds
• Other similar assets with a unique ISIN number

With 5paisa, you can open a demat account online.

The following documents are required:

• PAN Card
• Address Proof (Aadhaar Card preferred)
• Proof of Bank Details
• Income Proof (for Derivatives & Currency segment)
• Signature (on blank white paper)

Note: If bank verification fails, bank proof is mandatory to submit.

Anyone can open a trading and demat account with 5paisa – including:

• Individuals
• Corporates
• Partnership Firms
• Trusts
• HUFs (Hindu Undivided Families)
• LLPs (Limited Liability Partnerships)

Yes, it is advisable. IPO allotments are issued in demat form, and the shares are tradable only in electronic form.

Yes, a trading and demat account can be opened either in a single name or jointly. A maximum of three names can be added:

• 1 Main holder
• 2 Joint holders

• Investments are held electronically, reducing paperwork
• Eliminates risks of physical share damage or misplacement
• Ensures safety with no storage risks
• Supports quick share transfers
• Allows faster transactions and quicker credit to investors
• Offers low brokerage demat account opening

There are no account opening charges for both your Demat and Mutual Fund accounts.

No, mobile platforms can be used for free before opening a demat account. There are no charges for using trading software, but brokerage fees apply for:

• Mutual fund transactions
• Demat transactions
• Stock trading

Yes, a demat account can be transferred from one Depository Participant to another. To do so, submit a closure or transfer request via email to support@5paisa.com.

BTST stands for Buy Today, Sell Tomorrow. These trades allow investors to capitalize on short-term price movements by selling shares the day after purchasing them, even before they are delivered to the demat account.

To check your 5paisa demat account balance:

1. Go to the CDSL website
2. Log in using appropriate credentials
3. Enter your 10-digit PAN number
4. Enter your 16-digit Demat number
5. Enter your Date of Birth
6. Complete the CAPTCHA
7. Tap to generate OTP

Your demat account balance will then be displayed.

Yes, you can open more than one demat account. SEBI (Securities & Exchange Board of India) allows individuals to maintain multiple accounts with different brokers.

Having a demat account is essential to invest in:

• Mutual Funds
• Futures & Options
• Equities
• Other financial instruments