How do I open a commodity account?

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.

    • Related Articles

    • How do I open a commodity account?

      5Paisa does not open a separate commodity account. It provides an all-in-one account, incorporating all segments (Equity, Derivatives, Commodity, Currency, and Mutual Funds) for trading. If you already have a trading and demat account with 5paisa, ...

    • 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.

    • How to activate the commodity segment?

      To activate the commodity segment in 5paisa, you need to follow these steps: Online Activation for All Derivative Segments · Open the 5paisa Mobile App or Website · Go to the User Section: This is typically represented by an icon of a person or your ...

    • 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, ...

    • What is the Margin requirement in MCX/Commodity?

      The margin requirement in MCX or commodity trading refers to the minimum amount of funds traders must maintain in their trading accounts to initiate and hold positions in commodity futures contracts. This margin serves as collateral to cover ...