Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): INR 20.
Brokerage Charge For Intraday Trading: INR 20.
Brokerage Charge For Options Trading: INR 20 per executed order.
Brokerage Charge For Futures Trading: INR 20 per executed order.
Demat Debit Charges: INR 12.5 per scrip per debit transaction.
Account Opening Charges: INR 0
Annual Maintenance Charge: INR 0.
Payment Gateway Charges Netbanking: INR 10 each time you add funds to your account.
Payment Gateway Charges UPI: INR 0
Overdue Interest Charges: 0.06% per day.
Monthly Platform Fee: INR 0 per month.
Digital KYC Charges: INR 0.
Physical Settlement Charges: INR 100 + postal charges.
Call & Trade Order: INR 100 + GST for each order
Account Opening Fees
INR 0
Eligibility
Be an Indian citizen. Be above 18 years of age, Have a bank account with an IFSC code.
Annual Fees
INR 0
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5paisa Review
Special Features
Number of stock screen features for daily traders.
Features
Cons
High brokerage for long term equity investor perspective.
Not part of any financial conglomerate.
App is more suited for daily traders.
Pros
Flat fee of INR 20, useful for daily traders.
Number of advisory and research reports offered free of cost.
Multilingual app.
Offers algo trading.
Number of advance trading features for stock traders.
Pros and Cons
How to Apply?
Ways to open an account with 5paisa:
1. Online through their website or app:
Website:Go to the 5paisa website (https://www.5paisa.com/demat-account)
Click on "Open Your Free Demat Account"
Follow the instructions, entering your mobile number and email for verification.
Provide your PAN and bank details.
Upload the necessary documents via DigiLocker.
Take a selfie and e-sign the form.
App:Download the 5paisa app from the Google Play Store or Apple App Store.
Choose the option to “Open Demat Account."
Follow the on-screen instructions to complete the process.
2. With assistance from a 5paisa executive:
App:Similar to the online process, you can choose the option to "Open Demat Account" in the app.
A 5paisa executive will contact you to guide you through the process.
Website:
Alternatively, you can initiate the process on the website, and a 5paisa executive will get in touch to assist you.pen_spark
Documents Required
Aadhaar and PAN for online account opening.
Account Opening and Procedures
Documents Required
Aadhaar and PAN for online account opening.
How to Apply?
Ways to open an account with 5paisa:
1. Online through their website or app:
Website:Go to the 5paisa website (https://www.5paisa.com/demat-account)
Click on "Open Your Free Demat Account"
Follow the instructions, entering your mobile number and email for verification.
Provide your PAN and bank details.
Upload the necessary documents via DigiLocker.
Take a selfie and e-sign the form.
App:Download the 5paisa app from the Google Play Store or Apple App Store.
Choose the option to “Open Demat Account."
Follow the on-screen instructions to complete the process.
2. With assistance from a 5paisa executive:
App:Similar to the online process, you can choose the option to "Open Demat Account" in the app.
A 5paisa executive will contact you to guide you through the process.
Website:
Alternatively, you can initiate the process on the website, and a 5paisa executive will get in touch to assist you.pen_spark
Account Opening and Procedures
5Paisa Review
5Paisa offers a flat fee for equity delivery trades (normal purchase of stocks), this facility is more suited towards individuals who invest a large lump sum amount in one go. It offers a number of research reports and advisory insights for new investors too. It is well suited app for long term investors as well as daily traders.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Recommedation For Stock Market Investment
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