How to Open Demat and Mutual Fund Account Online | 5paisa

How to open a Demat account at 5paisa and what are the account opening charges?

Welcome to an all in one account at 5paisa and there are no charges levied to open a Demat account with 5paisa.

To open an account online, you just need to follow these 7 easy steps:
 
Step 1 

To begin with, enter your phone number and click on register. Then, enter the OTP that you receive on your mobile to verify the same. Again, enter your email ID and verify it via OTP that you’ll receive on your email. Post verifying them both, enter the PAN card number and DOB as mentioned on your PAN. 

Step 2

The next step will include verifying your Aadhar card, entering your Aadhar number, and verifying it by entering the OTP that you’ll receive on the registered phone number. After the successful verification of your Aadhar card, you’ll be signed up for the Digilocker services with your address and Aadhar details which is a government-authorized service.

Step 3

Enter your bank details like the account number, IFSC code, and name for online verification.

Step 4

Enter your personal details like your name, occupation, father’s name, etc

Step 5

Click a nice and clear selfie & upload it

Step 6

E-sign for your Demat account via the on-screen signature in the space given

Step 7

As the final step, digitally sign your form by filling up the e-sign form with your Aadhar details using the secure NSDL website approved by the government. Once you enter the OTP received,  your process will finally be complete and your free Demat account is ready for you to trade!

Documents required for Account Opening:

Type of Entity
Documents Required
Individual
1​​​​. PAN Card
2. Address Proof (Aadhaar Card preferred)
3. Bank Proof
4. Income Proof (For derivatives & currency segment)
5. Signature (on blank white paper)

Note: If bank verification fails, bank proof is mandatory to submit.
Corporate
1. PAN, Address & Bank Proof in the name of corporate
2. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
3. Copy of the latest shareholding pattern including a list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary/Whole time director/MD (to be submitted every year)
4. Photograph, POI, POA, PAN, and DIN numbers of whole-time directors/two directors in charge of day-to-day operations.
5. POI, POA, and PAN of individual promoters holding control - either directly or indirectly.
6. Copies of the Memorandum and Articles of Association and certificate of incorporation.
7. Copy of the Board Resolution for investment in the securities market.
8. Authorized signatories list with specimen signatures.
9. POI and POA of the natural person as per the declaration submitted for the identification or beneficial owner. (Not applicable in case the client or controlling owner is a listed company or is a majority owned subsidiary or listed company)
Partnership Firm
1. PAN, Address & Bank Proof in the name of Partnership Firm
2. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
3. Certificate of registration (for registered partnership firms only)
4. Copy of partnership deed
5. Authorized signatories list with specimen signatures.
6. Photograph, POI, POA, and PAN of partners.
7. POI and POA of the natural person as per declaration submitted for identification or beneficial owner.
Trust
1. PAN, Address & Bank Proof in the name of Trust
2. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
3. Certificate of registration (for registered trust only)
4. Copy of Trust deed.
5. List of trustees certified by managing trustees/CA.
6. POI and POA of the natural person as per the declaration submitted for identification of the beneficial owner.
7. Photograph, POI, POA, PAN of Trustees.
8. Authorized signatories list with specimen signatures
HUF
1. PAN of HUF
2. Deed of declaration of HUF/List of corporates
3. Bank passbook/bank statement in the name of HUF
4. Photograph, Proof of Address & PAN of Karta
5. HUF stamp required wherever signature is done
LLP
1. PAN Card details of LLP
2. Registration Certificate granted by the Registrar to the LLP under the LLP Act 2008
3. Declaration on the letterhead of the LLP signed by all the designated partners clearly stating that the named persons, who are designated partners of the LLP have been nominated as authorized signatories to open and operate the said Demat account on behalf of the LLP.
4. The declaration shall specify the manner in which the account will be operated, that is jointly or severally, and shall give details of the names, addresses, and DPIN (Designated Partner Identification Number allotted by the Registrar for each designated partner/DIN (Directors Identification Number along with their signatures and photographs.
5. The bank details in the name of the LLP, as sole/first holder in the bank account.
6. Address proof of LLP
7. PAN card & address proof of the authorized signatories.

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