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5paisa.com is Mumbai based discount stock broker offering trading, investment and advisory services to retail customers in India. 5paisa Capital Ltd is part of IIFL group (India Infoline), India's top financial service provider.
5paisa started offering its low-cost financial services in April 2016. Along with the stock and currency trading at BSE/NSE, 5paisa also provide online Mutual Funds and online Insurance distribution.
5paisa is a flat fee broker. They charge brokerage at fixed ₹20 per executed order across the segments. Irrespective to the size of the trade, customer pays only ₹20 brokerage. This is up to 95% less brokerage in comparison of traditional brokers.
In 1st year of is launch, 5paisa acquired over 7500 retail customers, which is very impressive in competitive discount brokerage space. 5paisa offers online paperless account opening which enables customer with Aadhaar card to open account and start trading online in just few hours.
5paisa depository services (or 5paisa demat account) is one of the key services offered by 5paisa. The 2-in-1 account offered by 5paisa includes a trading and a demat account.
Demat account holds shares, mutual funds, bonds etc. electronically, in a very similar manner where bank account holds money. The demat account allows customers to buy or sell the shares electronically without any paperwork.
5paisa is registered as a Depository Participant with Central Depository Services Limited (CDSL).
5paisa offers 2 demat account schemes:
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.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | ₹0 (Free) |
| Demat Account Annual Charges (AMC) | ₹540 (Free with Subscription Plan) |
| Sr | Services | Charges |
|---|---|---|
| 1 | Annual Maintenance Charges (AMC) | ₹540 (Free with monthly subscription plans) |
| 2 | Debit Charges | 0.025% (minimum ₹25 per transaction) |
| 3 | Credit Charges | Nil |
| 4 | Pledge creation | ₹50 |
| 5 | Pledge closure | - |
| 6 | DEMAT - Per certificate | ₹15 |
| 7 | REMAT - Per certificate Per 100 Units/shares (Whichever is higher) | ₹15 |
| 8 | Conversion of MF units/Destatmentisation Per SOA | ₹15 |
| 9 | Reconversion of MF units in to SOA or Redemption/Restatmentisation Per SOA | ₹15 |
| 10 | Postal Charges per request shall be charged separately | ₹40 |
Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat ₹20 per order.
Get this limited time offer5paisa 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.
5paisa is a depository participant (demat service agent) for CDSL. It charges for various demat account related transactions. The common changes include:
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.
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.
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.
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.
FREE Account Opening (₹650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat ₹20 per order. Get the offer
Information on this page was last updated on Monday, February 10, 2020
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