Why does the 5paisa Demat account opening process takes more time than expected 72 working hours?
A 5paisa Demat account can be opened as fast as within 72 working hours if the KYC is verified and the documents submitted are correct.
If the user chooses to update their KYC details during the account opening flow itself, then it has to be verified by the KYC Registration Agency (KRA) before the Demat account is opened as per SEBI guidelines. So, KRA may take up to 72 working hours to verify the KYC details, which could be the reason for delaying the account opening process.
Note- If the KYC information is not approved/verified by the KRA then, 5paisa send an email explaining the reason and will further mention the documents required. Also, the users can also reach out to 5paisa via
support@5paisa.com inquiring about the delay.
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Here is a step-by-step procedure for opening a Demat account with 5paisa: · Visit the 5paisa website or download 5paisa mobile app · Click "Open Account" and enter your phone number. · Verify your phone number and click "Apply Now." · Enter your ...
How long does it take to open a Demat account with 5paisa and where can the account opening status be tracked?
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How do I open Demat account online?
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Can a trading account be opened without opening a demat account?
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How to open a 5paisa Demat account offline?
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