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
- 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.