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5Paisa Registration
Demat Account Sign Up
Looking forward to starting investing in the stock market with a discount broker like 5paisa? Let’s make it simpler for you by providing you the complete information of 5paisa registration.
5paisa gives you many reasons to start trading with like:
- Established in 2016 and has a current client base of more than 1 Lakh.
- Recorded a positive growth in the year 2020-21 with the profit of ₹17.32 Crores and revenue growth of ₹193.86 Crores
- Registered with CDSL, 5 paisa holds the membership of three stock exchanges; NSE, BSE, and MCX
- Allow you to trade in different segments including mutual funds, IPO etc.
Let’s dive in to know how to reap the benefits of its services.
5paisa Registration Process
Getting registered with any of the stockbrokers has become simpler and easier these days. All you have to do is to follow few simple steps and keep your documents handy to get your account activated in no time.
Here are the steps you have to follow to start investing with the broker:
- First, go to the official website of 5paisa and click on Open Demat Account in the top right corner of the page.
Make it simpler by giving your details to us and opening your account online for free.
- Enter your Name and phone number
- Click on “PROCEED”.
- You’ll receive an OTP on your mobile number. After entering click on “PROCEED”
- A new page will appear on your screen asking for email verification. Enter your email Id and click on continue.
- Enter the OTP you would receive in your email and click on continue.
- On a new page, you will be asked to fill in PAN Card details, click on proceed.
- On a new page, you’ll find Digilocker, which is government-recognized storage for documents, click on continue.
- Now by accepting the terms and conditions, click on Authenticate Aadhar.
- Enter your Aadhaar Card details to complete the verification process.
- Next Upload your documents such as Aadhaar Card and PAN Card along with your photo and signature along with your bank passbook photo.
- Once the documents are successfully uploaded, the last step is the e-sign process.
- And finally, the account moves towards activation.
Make sure that your Aadhar card is linked with the mobile number to get your e-sign verification simpler and easier and to open the Demat account quickly.
5paisa Signup Documents
When you are learning about registration or signup, it is important for you to know the important documents required for demat account.
Now the documents requirement depends upon the type of customers:
- Existing KYC Verified Customers
- Non-KYC Verified Customers
Firstly we’ll see the documents required for the first type of customers-
Existing KYC Verified Customers
- You’ll need a bank proof which can be with of the two mentioned below:
- Passbook photo
- Cancelled Cheque
- Income proof in this case remains optional, which is nothing but the income statement of the customer would work or can submit the following documents:
- Copy of ITR Acknowledgement
- Copy of annual accounts
- Copy of form 16
- Networth Certificate
- Salary Slip
- Bank Statement
- Copy of Demat account holding
- Further, it takes only the customer’s Signature and
- Customer’s Photograph
Non-KYC Verified Customers
- In case of Address proof customer would need any one of the following documents:
- Passport
- Voter ID
- Driving License
- Under Bank proof the customer would need to submit the following documents:
- Bank statement first page
- Canceled cheque
- Although Income proof remains optional in 5 paisa registration, one should still be ready with the following documents:
- Copy of ITR Acknowledgement
- Copy of annual accounts
- Copy of form 16
- Networth Certificate
- Salary Slip
- Bank Statement
- Copy of demat account holding
- Most importantly a customer would need an Identity Proof;
- Aadhar Card
- PAN Card
So from the list you can understand only after thorough verification can the customer become a 5 paisa investor.
And also point to be noted that income proof in both of the above cases is optional but will be mandatory in case the customer desires to trade in the derivatives segment.
Post understanding the process and the documents required for 5 paisa sign up its time to know the most concerning part- Charges!
5paisa Registration Fees
We talked about the process and document. But what about the 5paisa Demat account charges.
When we look at the Demat account opening, 5 paisa facilitates a 2 in 1 account opening which includes a Demat account and an integrated trading account. And you would certainly be happy to know that 5 paisa offers absolutely FREE Account Opening!
| 5Paisa Registration Fee | |
| 5 Paisa Account Opening Charge | *FREE |
| 5 paisa AMC | ₹25 per month |
Apart from the opening charges, there are Demat account annual charges. In the case of 5paisa, it is ₹25 per month which indeed is a decent amount as compared to many other discount stockbrokers in the market.
5paisa Registration Offer
Especially in India, people eagerly wait for Diwali, and you guessed it right, it’s not just the festive season but also the BONUS season! Be it shopping sites or in companies, discounts, free gifts and bonuses make this season all the more exciting.
Similarly, in the stock market, we always think of getting more and more profits, after all, it’s all about money. So what if you get to know that you can get some exciting bonus gifts through 5paise sign up?
Yes! If you sign up with 5paisa using a referral code, also known as the promo code you can get;
- ₹250 upon account activation
- Additional ₹250 is credited to the account when ₹1000 gets added as the margin money in the client’s account.
Along with that, we know in this tech-savvy world where human dependency has reduced and technology is doing most of the work. This makes it easier for you to open the account and further reap the benefit with refer and earn Demat account.
5paisa Registration Problems
Here are a few problems that the users might face during 5paisa sign up such as;
- Technical problems in which customer’s device may lag or may not be updated enough to handle the web version smoothly
- Next, we often hear internet issues due to which time taken to register may seem longer than usual.
- Also, sometimes users are stuck in the authentication step, this generally happens when the traffic load on the website is high.
However, despite these minor problems, 5 paisa users enjoy its seamless interface with advanced features such as algo trading, numerous indicators and charts for accurate decision making to earn handsome amounts.
This takes us to our next concept about which most of the people are curious and also cautious at the same time;
5paisa Registration Advantages
Summarizing the benefits of 5Paisa registration, here are some of the top advantages:
- The first and foremost benefit of signing up with 5 paisa is that the entire process can easily be done at the comfort of your home, online in the matter of a few minutes.
- 5 paisa has got a unified platform that offers a chance to trade unlimited.
- Offers absolutely FREE account opening with minimal AMC.
- You get to choose from multiple minimum brokerage plans as per your requirement and trading needs which also includes various stock reports.
5paisa Registration Disadvantages
Along with the benefits, there are some disadvantages too like:
- 5 paisa doesn’t offer a 3 in 1 account facility to its customers as compared to other discount brokers.
- Apart from that 5 paisa does not offer any fixed monthly brokerage plan.
Conclusion
So you see, signing up with 5 paisa is easy and a smooth process. 5 paisa has proved to be one of the most loved discount brokers due to its smooth and hassle-free products and services.
Hence if you are a beginner and trying to get into trading but confused about the right platform, 5 paisa can be on your list for it facilitates an absolute user-friendly interface, suitable for all levels of traders and investors.
To learn more about stock market-related concepts, tune in to A Digital Blogger. Till then,
Happy Investing!
Get yourself registered with the top stockbrokers now by opening a demat account online for FREE!
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