5paisa Capital Account Types

5paisa Capital offers a variety of account types to cater to different investor needs:

• 2-in-1 Account (Trading + Demat Account): This account combines both trading and demat services, allowing users to trade in stocks, derivatives, commodities, and currencies while holding their securities electronically. The account facilitates seamless transactions between buying and selling securities.

• Mutual Fund Investment Account: Specifically designed for mutual fund investors, this account allows users to invest in both direct and regular mutual fund schemes. It does not permit trading in stocks or other financial products.

• Young Vestor Account: Aimed at investors aged 18-23, this account offers zero brokerage on all trading segments, encouraging young investors to participate in the stock market.

• Super Saver Packs: These subscription plans provide reduced brokerage fees, such as:

• Power Investor Pack: Charges ₹10 per order with additional research and advisory services.
• Ultra Trader Pack: Offers free equity delivery trades and the first 100 trades free each month.

5paisa Broker Account Opening Process

Opening an account with 5paisa is straightforward and can be done online or offline. Heres how:

• Personal Details: Enter your PAN number, Aadhar number, and basic personal information. Most details will be auto-filled from the eKYC database.

• Bank Details: Provide your bank account number and IFSC code to link your bank account for fund transfers.

• Document Upload: Upload necessary documents, including:

• A signed copy of your PAN card
• A cancelled cheque or bank statement
• Address proof (e.g., Aadhar card, utility bill)
• Income proof (if trading in derivatives)
• Recent passport-sized photo
• Signature for e-signing

• Payment: Make the payment for account opening fees. The trading account opening fee is ₹650, while the demat account opening is free.

• E-sign Application: Complete the e-sign process using your Aadhar OTP. If you do not have an Aadhar, you will need to send a signed physical application form to 5paisa's office.

Once the application is submitted, the account is typically activated within a few hours if all documents are in order. If you opt for the offline method, it may take up to 2 working days after the documents are received.

For more details, you can visit 5paisa's official website.