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, activating the MCX segment for commodities trading incurs no additional
charges.
Activation Steps:
To activate your commodity segment, follow these steps:
Through Mobile App:
- Login to 5paisa
App: Access your
account via the mobile app.
- Navigate to Profile: Go to User -> My Profile.
- Manage Segment Details: Select the "Manage"
option.
- Add Segment: Click on "Segment
Details" and then "Add Segment."
- Select Income Range: Choose your income range from
the options provided.
- Submit Request: Click on "Submit" and
upload the required documents.
Through Web:
- Login to 5paisa
Web: Access your
account via the web platform.
- Access Profile: Right-click on the profile icon.
- Manage Segment Details: Select "Segment
Details."
- Add Segment: Click on "Add
Segment."
- Income Range Selection: Choose your income range.
- Submit Request: Click on "Submit" and
upload the necessary documents.
Document Submission:
After clicking on the "Add Segment" button,
select your income slab and provide financial proof as required for the segment
addition request.
Note: For some users there will be only an income range selection
option. Once the documentation is done, we auto approve a few segment
modification requests depending upon an internal audit.
Document Upload Options:
You can upload documents through the following methods:
- Online Upload
(Auto Fetch Bank Statement): Select your preferred bank, and bank statements for the last six
months are auto-fetched.
- Offline Upload: Upload documents such as income
tax return statements, bank statements, demat holdings, salary slips, net
worth certificates, form 16, annual accounts, or fixed deposits (INR
50,000 & above).
Additional Information:
- Auto Processing
for Holdings: If you have existing holdings in your account, they are
automatically processed for activation.
- Processing Time: Activation may take up to 72
working hours, subject to approval.
- Difficulty in Uploading Bank
Statements: If facing difficulties, take photos of the first and last pages of
the statement and upload them.
- Offline Process: If the eSign facility is not
available, download the form from the provided link and send it to the
address below: 5paisa Capital Ltd., 1st Floor, Sun Infotech Park,
Plot No. B-23, Road No. 16V, Wagle Estate, Thane (West) - 400604.