What are the documentation requirements for opening an HUF (Hindu Undivided Family) account with 5paisa?

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
    FATCA Declaration
    Foreign Account Tax Compliance Act (FATCA) declaration (Attached below)

    For activating the F&O and commodity segment (Click here to download the Form), one of the following income proofs is required:
    1. Latest six months' bank statement or passbook of the HUF account.
    2. Latest audited profit and loss statement for the previous year.
    3. Income Tax Return (ITR) acknowledgement for the latest year.
    4. Net-worth certificate from a chartered accountant with a specified UDIN number.
    5. DP holding statement of the HUF.

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.