5paisa Demat Account Charges, Review, Opening

5paisa Demat Account Opening Charges

To open a new demat account with 5paisa, the customer may have to pay demat account opening charges. The broker may also charge Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

5paisa Demat Account Charges

1. 1. What is 5paisa demat account?

   5paisa demat account is an online repository of securities including stock, ETF and Mutual Funds etc. It allows investors to keep securities in electronic form for safe and faster online trading.

   5paisa offers Demat account through its membership with CDSL, a central depository. 5paisa works as a servicing agent for the demat account. 5paisa change demat transaction fee and demat account AMC for offering depository services.

   Note: Demat Account is mandatory in India for trading or investing in the stock market. It is a safe, secure and convenient way to keep securities you own.

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2. 2. What are DP charges in 5paisa?

   5paisa is a depository participant (demat service agent) for CDSL. It charges for various demat account related transactions. The common changes include:

   • Demat Annual Maintenance Charges (AMC): ₹540 per year
   • Demat Debit Charges: 0.025% (minimum ₹25 per transaction)
   • Pledge Creation Charges: ₹50

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3. 3. What is Demat Maintenance Charges in 5paisa?

   5paisa charges demat maintenance charges for maintaining your demat account with CDSL. The demat maintenance charge is charged annually. It is known as Demat AMC. 5paisa demat AMC charges are ₹540 per year. Irrespective of your uses of the demat account, you have to pay the fixed AMC charges.

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4. 4. What is a debit charge in 5paisa?

   The demat debit charge is a fee levied by 5paisa when you sell any of the stocks held in your demat account and the securities are debited from your demat account. The debit charges are 0.025% (minimum ₹25 per transaction) of the value of the securities.

   Every time a share is withdrawn (sell transaction) from your demat account, you have to pay demat debit charges. This charge is in addition to the brokerage changes and taxes you pay when selling stocks. These changes are only applicable for equity delivery trades.

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5. 5. What is DP ID for 5paisa?

   5paisa is a depository participant (DP) of CDSL, one of the two central depositories in India. The 5paisa DP ID is 12082500. You can get the information about your 5paisa demat account by login into the 5paisa.com or 5paisa mobile app and visiting the 'Profile > My Profile' page.

   

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6. 6. What is PoA in 5paisa?

   Power of Attorney (PoA) is a legal document signed on a paper by a customer and given to the broker. It gives limited authority to 5paisa to withdraw securities from a customer's demat account to process his online sell order or while pledging of securities.

   PoA is a mandatory and important document in online trading. Without it, a broker cannot guarantee the completion of online sell transaction in T+2 days where T is the day of trading.

   The PoA has to be signed on the physical paper and sent to the broker. It cannot be signed online. The PoA can be withdrawn at any time.

   Read Power of Attorney for Demat Account - Explained for more detail.

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7. 7. How to close 5paisa demat account online?

   Your 5paisa demat account cannot be closed online. To close your 5paisa demat account, you need to print a PDF form, fill it, sign it and send it to the company's address. Ensure you have closed all your open positions and transferred held securities from the account before initiating the closure process.

   Steps of close 5paisa Demat Account

   1. Contact 5paisa support by calling them or email at support@5paisa.com
   2. Download Account Closure Request Form
   3. Print it, fill it, sign it and send it to the 5paisa Mumbai office.

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8. 8. What is BO ID in 5paisa?

   The 5paisa BO ID is a unique 16 digit demat account number given to the customer's demat account with 5paisa. The BO

   Sample 5paisa BO ID: 1208250001461915

   In this sample,

   • The first 8 digits (12082500) are the 5paisa DP id (same for all customers).
   • The last 8 digits are a unique client ID.

   Steps to get 5paisa BO ID

   1. Login to 5paisa.com or mobile app.
   2. Click on the 'face' icon in the top right.
   3. Expend the 'Profile' section.
   4. Click on the 'My Profile' link.
   5. Expend 'DP Details' section
   6. Check 'DP Account No'. This is your BO ID.

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