How long does it take to open a Demat account with 5paisa and where can the account opening status be tracked?
Follow these steps and
utilise the provided resources; you can stay informed about the progress of
your account opening with 5paisa and address any concerns or queries promptly:
- Account Opening Timeframe: The 5paisa Demat account
typically opens within 72 hours if the KYC is verified and the submitted
documents are correct. However, this timeframe may be subject to KYC
verification by the KYC Registration Agency (KRA), which can take up to 72
hours.
- KYC Verification Process: When opening a 5paisa account
for the first time or updating KYC details, the information needs to be
verified by the KRA as per SEBI guidelines. Any delay in KYC verification
may extend the account opening process.
- Communication of Delays: If any delays in the account
opening process exceed 72 working hours, 5paisa will notify you via email. The email will explain
the delay and list any additional documents required.
- Tracking Account Opening Status: To track the status of your Demat
account opening, you can log in to your account on the 5paisa website
using the provided link. The account opening status should be accessible
through your dashboard or profile settings.
- Contacting Support: If there are any issues or
delays beyond the specified timeframe, you can contact 5paisa customer
support via email at support@5paisa.com for assistance.