No, a 5paisa Demat account cannot be opened online if your Aadhaar is not linked to your phone number.
Further, the Demat account can be opened offline as well. You can courier the account opening form by manually filling out the AOF (Account Opening Form) along with the required documents mentioned below. Further, there is an option to complete the part of the process online. The user needs to complete the first 4 Steps online (mentioned below) and skip the Step 5 i.e. e-sign. Then, download the AOF (form will be pre-filled) received at your registered email address. Get it print out and sign the form manually. Then, send the same via courier to 5paisa's head office address.
Step to open a 5paisa Demat Account:
Step 1: Registration
Step 2: KYC verification (PAN Card)
Step 3: Bank Details and Personal Details
Step 4: Upload Documents
Step 5: Download AOF (Skip the e-sign)
- PAN Card
- Address Proof (Aadhar Card preferred)
- Bank Proof
- Income Proof (For derivatives & currency segment)
Note: If bank verification fails, the user is required to submit another bank proof (passbook, etc)
To download the account opening form click here
Head Office Address
5 Paisa Capital Limited
Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
You can viist the nearest Aadhaar Centre and get your phone number linked to your Aadhaar.