Your application for account opening with 5Paisa will be put on hold in case any required documents are missing/mismatched. 

Apart from this, there might be several other reasons for document-related rejections, such as:

1.    PAN

o   The photo in the PAN copy provided is blurred/unclear.

o   The PAN card photocopy is not clear.

o   The PAN card photocopy is not self-attested.

o   Name mismatch between your PAN and address proof.

2.    Income Proof

o   To activate derivatives, the income proof you submitted might not be sufficient. Additionally, if you wish to activate the F&O segment, you must submit the documents listed below to get approved:

o   Bank statement for the last 6 months with a closing balance of about ₹10,000.

o   The salary slip for the last 3 months.

o   ITR acknowledgement of the latest financial year.

3.              Bank Details

·        The submitted bank statement must contain the bank account number and IFSC code.

·        No mismatch of name in PAN card and Bank statement/cancelled cheque. A duly attested banker confirmation letter and self-declaration must be sent to further process the application. 

·        Bank statements submitted should not be password protected and should be in an unblocked version.

4.              Address Proof:

o   The address provided must be self-attested.

o   No name mismatch should be there between the address and PAN proof. You need to submit a self-declaration letter in order to verify. 

o   If the address proof provided is not clear, you will need to send us a clear, self-attested address proof photocopy. 

o   The address proof you gave does not match the correspondence address you entered on the KYC page. Kindly provide us with a fresh KYC sheet or an address proof that matches the address you filled out.

o   The address evidence you gave does not match the permanent address you entered on the KYC/POA/ECN page. Kindly provide us with a fresh KYC/POA/ECN sheet or an address proof that corresponds with the address you filled out.

5.              Nomination

·        In case of nominee is a minor, the details of a guardian are needed along with the DOB to process the application.

·        If there are multiple nominees allotted by you, please mention the percentage share each nominee should get. 

 

In each of the aforementioned situations, you will be notified via email and given a call by our representative to explain why the application was placed on hold. You will be provided with further assistance in completing the application process.