What is the procedure to open an account with 5Paisa as a Trust?

What is the procedure to open an account with 5Paisa as a Trust?

To open a Trust account with 5paisa, you need to follow the offline process and prepare the necessary documents based on the KYC status of the Trust and the Trustees.

Types of Trusts and Account Openings

  • Publicly Registered Trust: The trading, demat, and commodity accounts are opened in the name of the trust.
  • Unregistered Private Trust: The trading and commodity accounts are opened in the name of the trust.

The demat account is opened in the name of the managing trustee.  Here's a step-by-step guide:

Steps to Open a Trust Account

  1. Check KYC Status:
  • Verify the KYC status of the Trust and Trustees by visiting CVLKRA.

2.  Prepare Required Documents:

The specific documents required may vary based on the KYC status, but generally, you will need:

For the Trust:

  • Trust Deed: Certified copy of the registered Trust Deed.
  • Trust PAN Card: Copy of the PAN card of the trust.
  • Address Proof: Address proof of the trust (e.g., utility bill, bank statement).
  • Registration Certificate: If applicable, a copy of the registration certificate of the trust.

For the Trustees:

  • PAN Cards: Self-attested copies of PAN cards of all trustees.
  • Address Proof: Self-attested copies of address proof of all trustees.
  • Photograph: Passport-sized photographs of all trustees.
  • Identity Proof: Self-attested copies of identity proof (e.g., Aadhaar, passport) of all trustees.

3.               Additional Documents:

  • Resolution: A resolution from the trustees authorising the opening of the account and specifying the authorised signatories.
  • List of Trustees: A certified list of current trustees.
  • Trust Board Resolution: Authorising trustees to operate the account.
  • Download and Fill Forms:
  • Download the account opening forms from the 5paisa website or obtain them from a 5paisa office.
  • Fill out the forms with the required details of the trust and trustees.

4.               Submit Documents:

  • Compile all the necessary documents along with the filled-out forms.
  • Submit the documents to the nearest 5paisa office or mail them to the 5paisa headquarters.

5.               Verification and Follow-Up:

  • 5paisa will verify the submitted documents and may contact you for any additional information or clarifications.
  • Follow up with 5paisa support if you do not receive updates within the expected timeframe.

Address for Document Submission

5paisa Capital Ltd.  

Sun Infotech Park,  

Road No.16V, Plot No. B-23,  

Thane Industrial Area, Wagle Estate,  

Thane - 400604.

By following these steps, you can open a trust account with 5paisa. Ensure all documents are correctly filled out and certified as required to avoid delays in the account opening process.


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