Types of Account
How to open an institutional account?
As of now, 5Paisa does not allow an institutional account to be opened. However, we are currently working on introducing multiple categories of account-opening features. Download the 5paisa app today to experience seamless trading!
Can a commodity account be opened without opening an equity trading and demat account?
No, 5Paisa does not allow anyone to open a commodity account without opening an equity trading and demat account.
What is a Basic Services Demat Account (BSDA), and how can one be opened at 5Paisa?
A Basic Services Demat Account (BSDA) provides limited services to retail investors at a minimal cost. The Annual Maintenance Charge (AMC) is based on the value holdings in the account as per the number of accounts held by the user with multiple ...
How to open an NRO account with 5paisa?
5paisa does not offer Demat account facilities for NRO and NRI accounts; you must explore other financial institutions or banks that provide such services. Many banks in India offer NRO accounts for Non-Resident Indians (NRIs), and they often have ...
How to open a HUF account with 5paisa?
A Hindu Undivided Family (HUF) is a unique type of financial entity in India. It consists of a family group (all males lineally descended from a common ancestor, their wives, and unmarried daughters) that jointly owns property and income. Opening an ...
Can an account be opened in the name of a sole proprietorship firm?
Yes, an account can be opened in the name of a sole proprietorship firm. The process is similar to opening an individual account but with some additional requirements. Steps to Open an Account: Online Onboarding Process Visit online platforms such as ...
What are the documents required to change nationality?
Changing nationality is a complex legal process that involves various steps and documentation. The documents required vary significantly depending on the countries involved and their specific immigration and naturalisation laws. However, some common ...
What is the procedure to open an account with 5Paisa as a Trust?
To open a Trust account with 5paisa, you need to follow the offline process and prepare the necessary documents based on the KYC status of the Trust and the Trustees. Types of Trusts and Account Openings Publicly Registered Trust: The trading, demat, ...
How to open a non-Individual account with 5paisa?
To open a Non-Individual account with 5paisa, you need to follow these steps: Obtain the Account Opening Form: Download the account opening form for non-individual accounts from the 5paisa website or request a form from customer support. 2. Fill Out ...
How can NRIs transfer shares from their existing demat account to an NRI 5Paisa account?
5paisa does not offer any options for NRI account openings. So, transferring shares to an NRI account at 5paisa is not possible.
Can an NRI account be opened online?
As per the guidelines issued by RBI, an NRI account can be opened online by visiting the respective banks' websites, such as SBI. The user needs to fill out an application form online and send it to the Global NRI Center in India for account opening ...
Can an NRI account be converted to a resident account?
As per the guidelines issued by RBI, NRI accounts are to be auto-converted to resident accounts upon a change in residency status from NRI to resident Indian. However, 5paisa does not offer NRI account opening or converting an NRI account to a ...
How to open an NRI account with 5paisa?
Currently, 5paisa does not offer Demat account facilities for NRO (Non-Resident Ordinary) and NRI (Non-Resident Indian) accounts. If you are an NRI looking to open a Demat account, You can consider other financial service providers in India that ...
Does 5paisa offer demo account for paper trading?
No, 5paisa does not offer a separate demo account for paper trading. You can experience demo trading on your 5paisa account whenever the exchange offers mock trading sessions. For a mock trading session, you need to maintain the required margins in ...
How to open a minor Demat account at 5paisa?
5paisa does not currently offer the option to open a minor Demat account; you may need to explore other financial institutions or brokers that provide this service if you want to open an account for a minor. These institutions may have specific ...
How to open a joint Demat account with 5paisa?
To open a joint demat account with 5Paisa, you are required to submit an offline application. Specifications for Opening a Joint Demat Account In a joint demat account, there can be a maximum of 3 account holders which includes the primary account ...
What documents are required to open an account for Limited Liability Partnership (LLP) at 5 paisa?
Limited Liability Partnership (LLP) accounts can be opened using offline mode. The specific documentation requirements for initiating a Limited Liability Partnership (LLP) account depend on the KYC/KRA status. To conveniently check the status, please ...
What are the documentation requirements for opening an Partnership account with 5paisa?
Partnership accounts can be opened using offline mode. The specific documentation requirements for initiating a Partnership account depend on the KYC/KRA status. To conveniently check the status, please visit the website www.cvlkra.com and select the ...
What are the documentation requirements for opening an HUF (Hindu Undivided Family) account with 5paisa?
To open a Hindu Undivided Family (HUF) account with 5Paisa, you need to follow an offline process, unlike individual accounts, which can be opened online. The required documents depend on whether the HUF's KYC is registered or not. To conveniently ...
What are the necessary documents needed to open a Corporate Account with 5paisa?
To open a Corporate Account with 5paisa, you need to prepare and submit the following documents: Supporting Documents PAN Copy of the Company should have the seal and signature of the authorised signatory or director. It should have the seal and ...