Established in 2016, this discount broker is recording a daily turnover of more than Rs.1,000 crore.
5Paisa is registered with SEBI and other stock exchanges like NSDL(National Securities Depository Limited), CDSL(Central Depository Services Limited), NSE(National Stock Exchange), BSE(Bombay Stock Exchange).
Now, coming back to the 5Paisa account opening documents’ main topic, let’s dive in to know about it in the upcoming section.
Documents Required for Opening Demat Account in 5Paisa
Having all the 5Paisa Account opening documents handy will save a lot of time and help you in getting your account details within 24 hours.
Documents required for the 5Paisa online trading account opening are:
PAN Card: PAN Card must be color scan upload with clear name and photo and is a mandatory document.
Address Proof: it can be a passport, driving license, voter ID card, bank statement, ration card, gas bill, electricity bill, and telephone bill.
Bank Proof: Either a canceled cheque with your name printed on it or a bank statement first page with the customer’s name.
Income Proof: salary slip, bank statement, copy of ITR Acknowledgment, copy of Annual Accounts, copy of form 16, networth certificate, and copy of demat account holding.
Signature and Your Photo
In the end, we can conclude that among other new discount brokers in the market, 5Paisa is growing at a fast rate. However, they don’t have an offline presence, but apart from that, you can open an online account with them.
If you trade very often and look to open an account, then the 5Paisa is the best option you can rely upon.
Wish to open a Demat Account? Refer to the form below