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5paisa NRI Account Review

276.76% 380,693 Clients

5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, "We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. NRI's can open an account with Indian residence proofs".

5paisa NRI Trading Account Charges

5paisa NRI brokerage charges for trading in Equity and Equity Derivatives.

Transaction	Fee
NRI Account Opening Charges	NA
NRI Account AMC	NA
Equity Delivery Brokerage	NA
Equity Future Brokerage	NA
Equity Options Brokerage	NA
Other Charges	NA

5paisa Investment Options

The investment options available to an NRI at 5paisa.

Investment Option	Status
Stocks	No
Mutual Funds	No
IPO	No
Others

5paisa Key Features

Feature	Status
3-in-1 Account	No
Free Research and Tips	No
Automated Trading	No
Other Features

5paisa NRI Customer Care

5paisa NRI Support Desk contact information. Find 5paisa NRI contact number.

5paisa NRI Helpline	Number
5paisa NRI Customer Care Number	NA
5paisa NRI Customer Care Email ID	NA

5paisa NRI Trading Account Disadvantages

5paisa does not offer NRI trading and demat account.

Conclusion

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

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. Does 5paisa offer NRI demat account?

No, 5paisa doesn't offer a demat account to NRI investors. However, NRIs can open a demat account with Indian residence proof. This demat account can be used only to hold securities bought as a resident Indian, not as an NRI.

Zerodha and Prostocks are among most popular NRI demat account providers in India. 5paisa's former parent company IIFL also offers a full-service NRI Account.

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2. What are 5paisa NRI charges?

5paisa doesn't offer trading and demat account services to NRIs. The company only offers its services to resident Indians. Consider Zerodha or Prostocks as best available options for NRI trading in India.

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3. How to open 5paisa NRI trading account?

No, you cannot open a 5paisa NRI trading account as the stock broker doesn't offer its services to non-resident Indians due to additional compliance imposed by different countries. Consider choosing between Zerodha and Prostocks for the best NRI trading experience.

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4. What is 5paisa NRI brokerage?

5paisa doesn't offer its services to NRI customers. Its services are currently limited to resident Indians. Stock brokers offering NRI services have to comply with additional regulations like FEMA, PINS, FATCA etc., due to which many brokers don't offer NRI services.

If you are looking for an NRI trading account, you should consider Zerodha or Prostocks as both of them are popular and economical brokers.

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