To step in the trading and investment trek, you must be aware of the broker’s charges in order to open a demat account with him. Just like in case you plan to open a demat account with 5paisa, you must have detailed information on 5paisa account opening charges.
So, let’s begin!
But, wait! Do you know what type of services 5paisaoffers?
Then, let’s collect such details first!
Incorporated in 2016, the firm has a well-known client base of more than 793,518 active customers in India and is popularly known among top online discount brokers in India.
Due to its magnificent client base, it is believed to be the second-largest online discount stockbroker in India, after Zerodha.
Apart from the demat account opening charges, there are some annual fees. Want to know the Annual Maintenance charges or AMC of 5paisa?
The AMC charges of 5paisa are Rs. 540 and have to be paid the amount in advance of the beginning of next year. If you are unable to make the payment in advance, then you can pay in small deposits of Rs. 45 per month to the broker i.e. 5paisa.
And don’t forget that GST charges are also applicable!
A better understanding can be made with the below table-
5paisa AMC Charges
Annual Maintenance Charges
Rs. 540 (one-time)
Rs. 45 (monthly per traded month)
Now, let’s have a look at the 5paisa trading account opening charges!
However, there are no AMC fees levied on the demat account.
Being the second-largest discount broker in India and having received awards and recognitions for trading platforms, the 5paisa account opening charges seem to be surprising.
Besides allowing people to open demat accounts at zero price, 5paisa brokerage charges are also quite less. Through them, you can trade and invest at Rs. 20per order on all trading and investment segments across all kinds of order types.
Before opening an account make sure you know the list of documents required for demat eligibility, and go through a complete review of 5paisa.
Don’t miss to check out their trading platforms, charges, tips, and their customer care service as they play a vital role while buying and selling stocks and shares.
Willing to open a Demat Account? Refer to the form below