5paisa Account Opening Charges

To step in the trading and investment trek, you must be aware of the broker’s charges in order to open a demat account with him. Just like in case you plan to open a demat account with 5paisa, you must have detailed information on 5paisa account opening charges.

So, let’s begin! 

But, wait! Do you know what type of services 5paisa offers? 

No!

Then, let’s collect such details first! 

Incorporated in 2016, the firm has a well-known client base of more than 793,518 active customers in India and is popularly known among top online discount brokers in India. 

Due to its magnificent client base, it is believed to be the second-largest online discount stockbroker in India, after Zerodha.

The firm offers low-cost brokerage services to its customers along with advanced 5paisa trading platforms such as 5paisa App, 5paisa Trade Station, and they even have a dedicated platform for Algo Trading. 

If you have any doubt while using the trading platform, then you should know how to trade in 5paisa and reap the benefits of trading.

Through these platforms, one can trade and invest in a plethora of segments available in the share market such as equity, derivatives, mutual funds, currency, commodity, and even international stocks. 

To trade in India’s major exchanges with 5paisa like BSE, NSE, and MCX, one needs to have a CDSL registered demat account with them. 

In case, you wish to apply for the demat account or want us to find the right demat account broker for you, then enter your details in the below form:

In case you are below 18 years of age, even then you can open a minor demat account with 5paisa by filling the above form.

Now, let’s understand the demat account opening charges of 5paisa!

5paisa Demat Account Opening Charges

The broker offers a 2-in-1 demat account facility to its customers. This means that you will be provided with a demat and trading account only; hence no facility of a bank account. 

Just assume that you are planning to open a bank account with XYZ Bank. Now, you will be asked to deposit a certain sum of price to activate your bank account.

Once you make the initial deposit, your account gets started and you can credit some money to this account.

In the case of a demat account, you will be required to do the same. However, instead of depositing the amount,  you will be required to pay it to the broker i.e. 5paisa. 

Once you make the payment, the account gets activated and ready to buy or sell shares

, stocks, and other securities. 

Now, let’s have a glimpse at 5paisa demat account opening charges in the table given as below-

 

Isn’t it’s great that to open a demat account with such a prestigious and low-cost brokerage firm, the 5paisa charges are ZERO. 

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5paisa Demat Account Annual Charges

Apart from the demat account opening charges, there are some annual fees. Want to know the Annual Maintenance charges or AMC of 5paisa? 

The AMC charges of 5paisa are Rs. 540 and have to be paid the amount in advance of the beginning of next year. If you are unable to make the payment in advance, then you can pay in small deposits of Rs. 45 per month to the broker i.e. 5paisa.

And don’t forget that GST charges are also applicable! 

A better understanding can be made with the below table-

 

Now, let’s have a look at the 5paisa trading account opening charges!

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5paisa Trading Account Charges

Surprisingly, 5paisa offers both trading and demat account services to its customers. When planning to trade via 5paisa having both demat and trading account charges are compulsory. 

To open a trading account, one needs to pay trading account opening charges along with demat charges too.

But we have clearly seen from the above section that demat charges are ZERO or NIL in 5paisa, but does that mean that trading charges are higher? 

If not sure, let’s find them as below: 

 

Although the broker does not charge any fees to open a trading account but to execute every trade

5paisa brokerage charges along with transaction and DP charges in 5paisa will be levied too! 

However, there are no AMC fees levied on the demat account. 

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Closing Thoughts 

Being the second-largest discount broker in India and having received awards and recognitions for trading platforms, the 5paisa account opening charges seem to be surprising. 

Besides allowing people to open demat accounts at zero price, 5paisa brokerage charges are also quite less. Through them, you can trade and invest at Rs. 20 per order on all trading and investment segments across all kinds of order types. 

Before opening an account make sure you know the list of documents required for demat eligibility, and go through a complete review of 5paisa. 

Don’t miss to check out their trading platforms, charges, tips, and their customer care service as they play a vital role while buying and selling stocks and shares.

Willing to open a Demat Account? Refer to the form below

 

Know more about 5paisa