How long does it take to open a Demat account with 5paisa and where can the account opening status be tracked?
The 5paisa Demat account will be opened within 72 hours if the KYC is verified and the documents submitted are correct.
If a 5paisa account is opened for the first time, or if the user chooses to update their KYC details in the account opening flow, the KYC details have to be verified by the KYC Registration Agency (KRA) before the account is opened as per SEBI guidelines (WEB). KRA can take up to 72 hours to verify the KYC details, which could delay the account opening.
If the KYC information is not approved by the KRA, 5paisa will send an email explaining the reason and further provide the list of documents required.
If the account opening is delayed for more than 72 working hours, you can reach us at
support@5paisa.com.
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