5paisa Demat Account Charges

Many of you must be confused about choosing 5paisa as your stockbroker. So, let’s help you make this important decision by providing you the relevant information about 5paisa demat account charges.

But before that, we need to know about this discount broker in brief.

5paisa is a discount broker and a subsidiary of the renowned full-service stockbroker – IIFL Securities. It became an independent identity in 2017.  It is headquartered in Thane, Maharashtra, and was established in 2015.

Now that we have brief information about the stockbroker, let’s talk about the 5paisa demat account opening charges. 

5paisa Demat Account Opening Charges

When you open a demat account with any broker, there are a few charges that are levied on you. The first one is the account opening charges. As the name explains, it is for opening an account with the stockbroker.

The 5paisa demat account opening charges are zero. It means that you can open a demat account with this broker, free of cost. Further, the broker provides a 3 in 1 demat account.

The accounts in this offer are – Demat Account, Trading Account, and Mutual Fund Account.

Here is the information of the fees imposed for 5paisa registration:

 

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5paisa Demat Account Maintenance Charges

The account maintenance charges are popularly known as AMC. It is paid yearly, quarterly, or monthly according to the broker you subscribe to. The 5paisa AMC charges are as follows:

 

The 5paisa maintenance charges are dependent on the amount of holding in your demat account on the last day of the month. If the holding is below ₹50,000, between ₹50,000 and ₹2,00,000, and more than ₹2,00,000, the AMC is 0, ₹8, and ₹25, respectively.

These charges are not dependent on any value addition pack you avail.

That said, let’s move ahead to the list of 5paisa demat account brokerage charges.

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5paisa Demat Account Brokerage Charges

Every stockbroker levies a brokerage charge on every transaction made by the trader or investor. This charge varies according to the trading segment, and style one chooses. The 5paisa demat account brokerage charges are flat ₹20 on all trades executed.

For mutual funds, the brokerage charge is ₹0.

But, if you wish to reduce these charges, you have the option to subscribe to the value addition packs by the broker. The charges under these packs have been tabulated below:

 

These additional packs reduce the brokerage charges and provide you with supplementary benefits like free trades, increased margin percentage, research pack, Portfolio analyzer, and many more.

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DP Charges In 5paisa

Whenever individuals plan to enter the trading industry, they look for a stockbroker and check various aspects. One such element is Depository Participant or DP Charges. So, the question here is – What are DP charges in 5paisa?

Let’s see.

5paisa charges the lowest DP charges in the industry. Generally, these charges depend on the nature of the transaction. But in the case of 5paisa, the charges are flat ₹12.5 per transaction.

For a better understanding, the charges have been tabulated below:

 

Some charges are standard for all demat accounts as they are fixed by the government and the regulatory body – SEBI. A compilation of all these charges for equity, commodity (learn more about 5Paisa Commodity Brokerage), and currency are given below (in the same order) :

 

 

 

Now, let’s commence the talk about the various 5paisa demat and trading account charges. Now, you are aware of the charges, know how to trade in 5paisa, and reap its benefits.

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5Paisa STT Charges

Every stockbroker HAS to levy certain taxes to their clients. This tax money, obviously, goes to the government. In this case as well, securities transaction tax is applied on your trade turnover.

Here are the details on what 5Paisa charges for STT:

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Conclusion

While looking for the most suitable broker, every trader or investor in the share market looks for the brokerage charges. But in the pool of information available online, there are high chances of being misled.

Therefore, it is essential to provide our readers with the correct information.

In this detailed article about 5paisa demat account charges, we have talked about the account opening charges, AMC, i.e., account maintenance charges, brokerage, and DP (Depository Participant) charges.

All these charges vary according to the trading segment, trading style, and broker. We hope that this article has cleared all your doubts about the various demat account charges.

Merry trading!

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