How many Demat accounts can be opened with 5Paisa?
The customers cannot
open multiple Demat accounts with 5paisa using the same PAN card and mobile
number. However, there are no restrictions on the number of accounts you can
open in general.
Related Articles
What is a Basic Services Demat Account (BSDA), and how can one be opened at 5Paisa?
A Basic Services Demat Account (BSDA) provides limited services to retail investors at a minimal cost. The Annual Maintenance Charge (AMC) is based on the value holdings in the account as per the number of accounts held by the user with multiple ...
How to open a 5paisa Demat account offline?
If your mobile number is linked to the Aadhaar card, and you are a resident Indian individual then the Demat account process can be initiated online. Note- As per the regulations, new accounts cannot be opened if the PAN card number is not linked ...
Can a trading account be opened without opening a demat account?
No, 5Paisa does not allow a trading account to be opened without opening a demat account. This is due to the following reasons: A demat account is necessary to settle open equity intraday positions each day that takes place in a trading account. A ...
How to open a joint Demat account with 5paisa?
To open a joint demat account with 5Paisa, you are required to submit an offline application. Specifications for Opening a Joint Demat Account In a joint demat account, there can be a maximum of 3 account holders which includes the primary account ...
Can the demat account be closed while keeping the trading account open?
No, you cannot close your demat account while keeping the trading account open. This is due to the following reasons: · The unsquared equity intraday positions must be settled to the demat account. · All stock F&O contracts need to be physically ...