Can a commodity account be opened without opening an equity trading and demat account?

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• Can a trading account be opened without opening a demat account?

  No, 5Paisa does not allow a trading account to be opened without opening a demat account. This is due to the following reasons: A demat account is necessary to settle open equity intraday positions each day that takes place in a trading account. A ...

• How can I apply for an IPO without using UPI?

  To apply for an IPO without using UPI, you can utilise the ASBA (Application Supported by Blocked Amount) facility provided by banks. Here's how you can do it: · Visit Bank: Visit your bank branch or log in to your internet banking portal. · Fill ...

• Can the demat account be closed while keeping the trading account open?

  No, you cannot close your demat account while keeping the trading account open. This is due to the following reasons: · The unsquared equity intraday positions must be settled to the demat account. · All stock F&O contracts need to be physically ...

• How do I open a commodity account?

  If you are already have a trading and demat account with 5paisa, you do not have to bear any further charges for activation of MCX segment i.e. Commodities segment If you wish to activate your commodity segment, we request you to follow the path as ...

• Why does the 5paisa Demat account opening process takes more time than expected 72 working hours?

  A 5paisa Demat account can be opened as fast as within 72 working hours if the KYC is verified and the documents submitted are correct. If the user chooses to update their KYC details during the account opening flow itself, then it has to be verified ...