5paisa Demat Account - Opening Charges, Process and Review

5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India.

What is 5Paisa Demat Account

5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients.

5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges a flat 20 Rs brokerage irrespective of the size of the trade, segment, or exchange.

5paisa Demat Account Opening Process Step by Step

Step 1

Click on ‘Open Your Account’ to visit 5Paisa and start your account opening process. Enter your mobile number in order to get the OTP. Check the declaration box and click proceed to continue

Step 2

Enter the OTP you have received on your mobile number and click Submit to proceed further.

Step 3

Now you need to set a password for your account. This password should be of minimum 8 characters, must be alphanumeric and should consist of at least one special character. Click the register button for further process.

Step 4

Now, enter your PAN number and click verify. Upon verification, you will be prompted to enter your Date of Birth. Click the Confirm button below to continue.