5Paisa Demat Account – Find Benefits, Account Opening Process & more

Opting for a stock broking company to begin your trading journey can put you up in a fix. You can choose to eliminate your concerns by opting for the company 5Paisa and its 5Paisa Demat Account as well as 5Paisa Trading Account services.

They are one fine discount broking house, serving the trading needs to the entire country digitally. They are expanding their services, growing beyond and above their competitors in a greater pace.

Here is an abstract of all the services, its benefits, the account opening process and a basis for brief comparison of quality services provided.

Summary
Depository ParticipantCDSL
Account Opening ChargesRs.650
Demat AMCRs.400 per Annum
Trading AMCFree
Margin RequiredZero
Dematerialization AvailableNo

5PAISA OFFERS


What is 5Paisa Demat Account & its Benefits?

5Paisa Demat Account would be the ground through which you can deal in stock market. Transaction you attempt, either of buying some shares, or of selling the same would take place through a demat account. In straight forward explanation, a demat account stores all the share you buy or sell.

Open an account with the company now, and store all your shares electronically and trade feasible through it, given the emerging digitalization.

Here is how you shall be benefitted with a 5Paisa demat account:

  • Being a discount broker, they provide each and every assistance online, be it account opening or query resolution.
  • Brokerage charges they levy are a flat rate for all the segments, which cuts on your expenses.
  • They have deployed robo advisory services, providing you cutting edge technology oriented solution.
  • For a powerful trading experience, they introduced a mobile trading app, trade station web, trade station EXE and finally Algo Trading.

Open Demat Account with 5Paisa Now! – Fill up the Form

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What is 5Paisa Trading Account & its Benefits?

After the storage of shares in demat account is sorted, you need a 5Paisa Trading Account to deal with the shares. You need a trading account to make the trade or place an order. A trading account links your demat account and the registered bank account.

As per the trade you place, both the demat account and the bank account status changes, i.e. the debit or credit of amount and shares.

Note down the benefits of owning a 5Paisa Trading Account:

  • The trading account is provided to you free of cost, also no AMC is levied on the account.
  • You get to invest in a lot of segments through one trading account.
  • Insurance services are as well rendered by the company through the account, making it possible for you to manage all your finances in one place.

You can check Demat Account details of other Brokers

Parasram Holdings Demat AccountVentura Demat AccountBma Wealth Demat Account
Yes Bank Demat AccountSamco Demat AccountArihant Capital Demat Account
Kr Choksey Demat AccountBonanza Portfolio Demat AccountUpstox Demat Account
My Value Trade Demat AccountKifs Trade Demat AccountShah Investor Demat Account

What are the 5Paisa Demat Account Charges?

Charges
Which is the Depository Participant involved?CDSL
What are the Demat account opening charges?Rs.650
How much is the Demat Account AMC ?Rs.400 per Annum
What is the Trading Account AMC?Free
What is the initial Margin amount required?Zero
Is there any dematerialization available?No

You need to cater a share of your funds towards getting associated with the company. The first charge you need to pay is the 5Paisa Account Opening Charges which is Rs.650. It is however, higher than what most of the discount brokers ask for, but given its one-time fee nature, you can make amendments.

Other 5Paisa Demat Account Charges include the Account Maintenance Charges which is levied on a yearly basis. The perk provided here is of no margin requirement to start investing. No definite margin as balance needs to be catered by the traders, which makes it a feasible option.


How much is 5Paisa AMC or Annual Maintenance Charge?

As discussed above, a 5Paisa AMC is levied once every year. Being a recurring expense, you need to keep track of it. The AMC for the demat account is Rs.400 per annum. With a payment of Rs.400 every year you shall be able to smoothly take on your investment.

However, the Trading AMC is free of cost. This is an expense gotten rid of, for lifetime, as there are a lot of companies which charge a fee for trading AMC.


How to Open 5Paisa Demat Account?

Follow the below mentioned procedure to Open 5Paisa Demat Account:

  • You need to search for a yellow button provided at the end of the page, the “Open Demat Account” button. Press on the button to open a form.
  • When you click on the button, a pop up form will appear on your screen, consisting of some questions. You need to fill in right and genuine details.
  • When you submit the form, you will be redirected to the KYC process. Here you should provide the documents as asked. The most common documents they ask for are the PAN card, Aadhaar number, bank account details (a cancelled cheque) and a photograph.
  • The documents should be uploaded in scanned copy format, and so, keep them handy if you want to complete the process quicker.
  • Company executives will then call and cross check all the details as provided by you and verify the documents.
  • Upon successful verification, your account opening process will be initiated and you will receive the log in credentials of the same in your registered email address.

Find out Demat Account Opening Process of other Brokers

Sas Online Demat AccountAstha Trade Demat AccountEdelweiss Demat Account
Kunvarji Finstock Demat AccountChoice Broking Demat AccountAlankit Assignments Demat Account
Zerodha Demat AccountIdbi Demat AccountWisdom Capital Demat Account
Sushil Finance Demat AccountKarvy Demat AccountWay2Wealth Demat Account

General FAQs on 5Paisa Demat & Trading Account

Here are the general FAQs of 5Paisa :

Does 5Paisa provide a Free Demat A/C offer?

This company does not provide you free access to demat account, so, you need to pay a fee for the same.

Does 5Paisa provide Free Trading A/C offer?

There are no charges for opening a trading account, since a trading account is provided to you along with the demat account.

Is 5Paisa offering Discount on Brokerage?

Being a discount broker in India, they do offer great and worthy discount on brokerage options for their customers.

Does 5Paisa offer Happy hour trading to their clients?

5Paisa has no inclusion of any such offer as, Happy hour trading.

Is 5Paisa providing a flexible brokerage plan?

You do not get to choose a brokerage plan with 5Paisa, as they work on a flat-fee brokerage plan basis.


5Paisa Demat Account – Conclusion

The most attractive part of the 5Paisa Demat Account is the flat fee. You have to pay a flat brokerage on all segments, irrespective of the amount you trade. This shall be a perk if you trade in greater denominations, as the brokerage charge you pay will stay constant.

The waived off account opening and AMC for the trading account would be a huge cut on your expenses. This would also improve earnings made, with no recurring and one-time fee.


Open Trading Account with 5Paisa Now! – Fill up the Form

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Here are full demat account review of other brokers

Standard Chartered Demat AccountLkp Securities Demat AccountSbi Demat Account
Shriram Insight Demat AccountMonarch Networth Demat AccountReligare Demat Account
Motilal Oswal Demat AccountProfitmart Demat AccountReliance Demat Account
Mastertrust Demat AccountSmc Demat AccountFyers Demat Account

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