How to open a 5paisa account

What you’ll need

Keep these handy before starting — saves backtracking mid-flow.

• PAN card.
• Aadhaar with the mobile number linked (for OTP-based e-KYC).
• Bank cancelled cheque or recent statement showing name, account number and IFSC.
• Passport-size photo (front-facing, clear background).
• Signature on a blank white sheet of paper.
• Income proof (salary slip, ITR, or 6-month bank statement) — needed only if you want to activate F&O.

5paisa account opening — step by step

Fully online for resident Indians with Aadhaar. No branch visit, no paperwork courier.

1. 1
   Open www.5paisa.com and start the account-opening application.

   Enter your registered mobile and email — both will receive OTPs through the flow.
2. 2
   Verify PAN, fetch Aadhaar via OTP and confirm your address.

   5paisa pulls your address from the UIDAI Aadhaar record — make sure the Aadhaar address is current.
3. 3
   Add bank details and upload the cancelled cheque or bank statement.

   Your name on the bank account must match the PAN exactly. Joint accounts and minor accounts have separate flows.
4. 4
   Record the in-person verification (IPV) video and upload your signature.

   A short selfie video proves you’re a real person. Good lighting and a steady camera prevent retries.
5. 5
   e-Sign the account-opening agreement using Aadhaar OTP.

   The e-sign is legally equivalent to a physical signature under the IT Act, 2000.
6. 6
   Wait 1–3 working days for 5paisa and the depository (CDSL or NSDL) to activate the account.

   You’ll receive client ID, user ID and login credentials via email when it’s ready. After that, log in and start trading.

Activating F&O on 5paisa

Equity delivery and intraday work the moment your account is live. Futures & options trading needs a separate activation step — SEBI requires brokers to verify that F&O applicants can absorb the leverage. 5paisa asks for one of the following as income proof: latest salary slip, latest ITR acknowledgement, latest Form 16, six months of bank statements, or a holding statement showing existing investments. Upload via the F&O activation flow in your 5paisa profile; activation typically completes in 1–2 working days.

Things to watch with 5paisa

Broker-specific catches worth knowing before you start — the details that trip people up on 5paisa specifically.

• Income proof is mandatory specifically to enable the Derivatives (F&O) segment; equity-only accounts do not need it.
• Demat AMC is waived only for the first year; an annual AMC applies from the second year unless on a BSDA-eligible (small-holding) account.

After your 5paisa account is open

Once activated, the natural first steps:

• Log in at 5paisa login and set up biometric / PIN for the app.
• Review the 5paisa charges so you know what every trade costs end-to-end.
• Use the 5paisa brokerage calculator to compute the all-in cost on a sample trade.
• Transfer funds from your linked bank via UPI for the fastest settlement.