How do I Open a Commodity Account? |Commodity Trading | 5paisa

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 mentioned below-

Through App:

Login to 5paisa App >> User >> My Profile >> Manage >> Segment Details >> Click on Add Segment >> Select the Income range >> Click on Submit >> Upload the documents required

Through Web:

Login to 5paisa Web >> Right click on the profile icon >> Segment Details >> Click on Add Segment >> Select the Income range >> Click on Submit >> Upload the documents required

Post clicking on Add Segment button, you can select the income slab and provide financial proof to submit the segment addition request

Note: Some users may see the income range selection option only. On submitting the request, we auto-approve a few segment modification requests depending on an  internal logic. 

For other cases, the user may be requested to provide financial proof through one of the methods explained below:

Upload Online (Auto Fetch Bank Statement)

On selection, the user is redirected to a third-party page. On selecting a preferred bank, bank statements are auto-fetched for last 6 months

Upload Offline
  1. Income tax return statement (Latest ITR)
  2. Bank Statement (Last 6 months)
  3. Demat Holdings (Last 6 months)
  4. Salary slip
  5. Net worth Certificate
  6. Copy of form 16
  7. Copy of annual accounts
  8. Fixed Deposit (INR 50,000 & above)
Points to note-
  1. If you have holdings in your account, its auto processed for activation.
  2. It will take 72 working hours to update, subject to approval*
  3. If there is difficulty in uploading the bank statement, we request you to take photos of first page and last page and upload. (Month duration is mandatory)
Please note: If you do not have eSign facility, then you will have to follow the offline process in which you will be requested to download the form from here and send the same on the below mentioned address.

5paisa Capital Ltd.,  1st Floor
Sun Infotech Park, Plot No. B-23,
Road No. 16V, Wagle Estate,
Thane (West) - 400604.

We do not open a separate Commodity A/c. We open All in one account which consists all the 5 segments (Equity, Derivatives. Commodity, Currency and Mutual Funds) provided by 5paisa to trade.
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