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5paisa Demat Account Charges, Review, Opening

45.98% 147,499 Clients

5paisa 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 ₹10 per executed order across the segments. Irrespective to the size of the trade, customer pays only ₹10 brokerage. This is up to 95% less brokerage in comparison of traditional brokers.

In 1^st 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:

Regular (Non BSDA) Account
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:

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

5paisa DP Account - Additional Charges:

AMC of ₹400 per year (charged every month).
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 Acct Opening Fee

To open a new demat account with 5paisa, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the 5paisa Demat Account Opening Charges and 5paisa AMC as below:

5paisa DP Account Opening Fee: ₹0 (Free)
5paisa DP Account AMC: Free (₹400 from second year onward)
Share Debit Transaction Fee: ₹25 per debit transaction
Is demat account mandatory?: No