5paisa Demat Account Charges, Review, Opening


27.22% 552,161 Clients

5paisa.com is Mumbai based discount stock broker offering trading, investment and advisory services to retail customers in India.

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 DP ID (CDSL): 12082500
  • DP Name: 5paisa Capital ltd
  • CDSL Member Since: January 2016

5paisa Demat Account Schemes

5paisa offers 2 demat account schemes:

  1. Regular (Non BSDA) Account
  2. BSDA Account The BSDA Account has ₹0 AMC if the value of holding in Demat Account is up to ₹50,000. The AMC is charged at ₹100 for holding between ₹50,000 to ₹2,00,000

5paisa Broker Demat Account Key Features:

  1. Well integrated with its trading applications.
  2. Hold Mutual Funds in the same demat account.
  3. Easy online and offline transfer of shares.
  4. Option to freeze the demat account for certain time, if required, to avoid misuse.
  5. Demat account can be access via mobile trading app, website ad desktop trading app.
  6. Direct deposit of dividends in linked bank account.
  7. Bonus issues, right shares, or stock split are automatically updated in the Demat Account.
  8. Facility to convert physical share certificate to demat.

5paisa DP Account - Additional Charges:

  • AMC of ₹540 (Free with Subscription Plan) (charged @ ₹45 per month when you trade).
  • Debit transaction charge of 0.025% (minimum ₹25 per Debit transaction).
  • ₹50 for pledge creation and pledge closure.
  • Document handling charge of ₹100 at the time of account opening.
  • Demat transaction performed through calls are charged at ₹50 per transaction.
  • Customer has to maintain a minimum balance of ₹450 in his ledger account.

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.

ServiceCharges
Demat Account Opening Fee₹0 (Free)
Demat Account Annual Charges (AMC)₹540 (charged as ₹45 per traded month)

5paisa Demat Account Charges

5paisa Demat Account Charges

Sr Services Charges
1 Annual Maintenance Charges (AMC) ₹540 (Charged at ₹45 per traded month)
2 Debit Charges ₹12.50 per transaction per script
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
5paisa Special Offer

5paisa.com Limited Time Offer - Free Account Opening (₹650 waived)

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 offer

Frequently Asked Questions

  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.

     

  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

     

  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.

     

  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.

     

  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.

     

  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.

     

  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.

     

  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.

     

Contact 5paisa / Request Call Back

FREE Account Opening (₹650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat ₹20 per order. Get the offer

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Information on this page was last updated on Thursday, June 11, 2020


1 Comments

Veerendra
1. Veerendra  Mar 3, 2018 09:54 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Apart from brokerage charges they will charge below charges as well. which I was not aware and not sure about if other company also charge. Very poor customer support.

Service Tax
STT
Stamp Duty
DP Charges
CDSL DP Charges








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