What are the documentation requirements for opening an HUF (Hindu Undivided Family) account with 5paisa?
To open
a Hindu Undivided Family (HUF) account with 5Paisa, you need to follow an
offline process, unlike individual accounts, which can be opened online. The
required documents depend on whether the HUF's KYC is registered or not. To conveniently check the status, please visit www.cvlkra.com and choose the "KYC inquiry" option. Enter the PAN number of the HUF and the Karta.
Here's
what you need to know:
If the
KYC of the HUF is not registered:
- Fill out the
required application forms, including the Equity, Derivative &
Commodity, HUF Declaration, and Annexure.
- Submit a
self-attested copy of the PAN card of the HUF, along with additional
declaration forms if applicable.
- Provide address
proof of the HUF and the Karta, along with self-attested address proof of
the Karta. Aadhaar, driving license, voter ID, or passport can be
submitted as address proof. In case of Aadhaar submission, ensure a masked
Aadhaar is submitted. To learn how to get the masked Aadhaar, visit myaadhaar.uidai.gov.in.
- Include a bank
account proof of the HUF for linking with 5Paisa.
- Submit income
proof documents such as bank statements, audited profit and loss
statements, or income tax return acknowledgments.
- If the Karta is
female, include a self-declaration form.
If KYC
of the HUF is registered:
Follow
the steps above, but provide a self-attested PAN card copy of the coparcener or
member instead.
If the
Karta is an NRI:
- Provide
additional documents such as a self-attested copy of Karta's PAN card,
overseas address proof, passport, visa, FATCA declaration, and FEMA
declaration.
- Complete the
In-Person Verification (IPV) process either online or offline.
Application form
Once you
have prepared all the necessary documents, email soft copies of the forms to
accountopening@5paisa.com for review. After reviewing and making any necessary
corrections, courier the documents at below address.
5paisa
Capital Ltd.
Sun Infotech Park, Road
No.16V, Plot No. B-23 Thane Industrial Area, Wagle Estate,
Thane - 400604.
The
account opening process typically takes up to 72 working hours to complete.