What are the Documents Required for Opening an Account with 5Paisa?
To open an account with 5paisa, one must submit documents like address proof, bank proof, specimen signature, PAN card, and income proof. Let’s understand in detail what these proof documents consist of.
Documents Required for Opening a Demat Account with 5Paisa
The following is the breakdown of document types required along with what each type consists of in detail:
| Document Type | Details |
| PAN Card | Colour scan with clear name and photo. Mandatory for all accounts. |
| Address Proof | This may consist of things like a passport, driving license, voter ID, bank statement, ration card, and utility bill (gas, electricity, telephone). |
| Bank Proof | Cancelled check with name printed or bank statement first page with name. |
| Income Proof | Required for trading in derivatives. Options include ITR acknowledgement, annual accounts, Form 16, net-worth certificate, salary slip, and bank statement. |
| Specimen Signature | Required for offline transactions in the case of digitally signed applications. |
It is important to note that 5paisa may have specific requirements or accept additional documents. It’s appropriate to check with the platform directly for updated information. They might also offer online account opening, which could simplify the document submission process.