Account Reactivation
When do I have to do Re-KYC for my account?
To reactivate your dormant trading and Demat account with 5paisa, you need to complete the Re-KYC process. Your account is considered dormant if there has been no transaction or trading activity for over 365 days, necessitating its deactivation. ...
What is FATCA?
FATCA stands for Foreign Account Tax Compliance Act. This is a tax reporting regime that has been made mandatory for all bank account holders in India by RBI. FATCA is a type of self-certification provided by bank account holders about their tax ...
What is the process for Re-KYC?
In order to do a re-KYC for your account, you will have to follow an offline procedure. First, you are required to send an email to 5Paisa support with the subject line: “REKYC”. The following documents need to be attached to the email: Aadhar Copy ...
What is Know Your Customer (KYC), and how can the KYC status be checked?
SEBI has been instructed to upload all client data acquired via the KYC procedure to the KRA agency. The KRA agency acts as the main hub for client information for different brokers. Only after the data has been uploaded, thoroughly validated, and ...
How to update KYC details on Digilocker?
In order to update your KYC details on Digilocker, just follow the steps below: Step 1: Visit the official Digilocker website at digilocker.gov.in/home and log in to your Digilocker account. Step 2: Click on the ‘Issued Documents’ option. Step 3: Opt ...
Why did the KYC Registration Agency (KRA) send an email and SMS informing about KYC details validation?
You will receive an email and SMS from the KYC Registration Agency (KRA) upon the successful validation of your KYC details. These have been sent as a result of the guidelines provided by SEBI. The KRA is responsible for validating your details ...
What does KYC/KRA status mean, and how to check it?
KYC (Know Your Customer) is a mandatory regulatory process that verifies your identity and basic details before opening a trading and Demat account. 5paisa handles the KYC verification during your account opening process. KRA (KYC Registration ...
How to reactivate an already closed Demat account at 5paisa?
To reactivate your closed Demat account, the following documents are required- AOF (Account Opening Form) Tariff sheet (PDF) KYC Form Nominee declaration (PDF) Nominee Detail Form Write an email to raise a reactivation request at support@5paisa.com ...
How to reactivate a Dormant Re-KYC (more than 2 years) or Inactive account at 5paisa?
As per the Exchange guidelines, when there is no transaction/trading activity made in the trading and Demat account for more than 2 years, then it is considered as dormant, and we need to deactivate it. Following steps need to be followed for ...
What does KYC/KRA status means, and how to checked it?
SEBI has been directed to upload all client information, obtained through the KYC process, to the KRA agency. This agency serves as the central repository for client data across various brokers. Opening a new account is only possible if the data has ...
What are the reasons for my account being classified as dormant?
According to Exchange guidelines, your trading and Demat account is classified as dormant if there has been no transaction or trading activity for over 365 days. When an account is deemed dormant, it necessitates deactivation for security and ...
How to reactivate a Dormant Account?
As per Exchange Guidelines, when there is no transaction/trading activity made in the trading and Demat account in the last 12 months, it is considered dormant, and we need to deactivate it. The user can use online facility to reactivate account till ...