How to open an account with (Best discount broker in india)

Trading in the stock market seems like a lucrative opportunity to earn some extra bucks. Also, given the way India’s economy is growing, it may well be the right time to start investing some money in the stock market.

In order to trade in the stock market, you require two types of accounts – Demat, and Trading. You can get these accounts opened with any stock brokerage that are SEBI authorized. In today’s times, discount-based stock brokerages have sprung up, where you don’t have to worry about paying exorbitant mark-up fees. is one such discount stock brokerage where you can open an online demat account.

Click here to open Account on 5 paisa

Let’s have a look at how to open an online trading account, and the terms and conditions of

Types of Accounts

You can open 2 types of accounts with –

  1. All-in-1 Account: This type of account gives you access to demat, trading, and a mutual fund account.
  2. Mutual Fund Account: If you opt for this one, you can only invest in mutual funds. This account is free.

How to open an account?

You can open an account in by following 5 simple steps -

  1. Submit Personal Details: You don’t have to fill extensive details. Simply fill in your PAN Card number, Aadhar number, and Date of Birth. Rest of the information will be auto-populated based on your Aadhar card data.
  2. Fill in Bank Details: Fill in your bank account number and IFSC code. This account will be linked to your Demat account and Trading account. Whenever you want to buy shares, you can transfer money from this bank account to your trading account.
  3. Upload some documents: In order to verify your identity, you will have to upload scanned copies of the following documents –Pan CardAddress Proof – can be a driving license, electricity bill, gas bill, phone bill etc.Cancelled ChequeITR / Salary SlipSignature
  4. Pay the Account Fees: You will have to pay Demat account opening charges of Rs. 650. You can also add some more money, which will be used towards the trading of shares.
  5. Sign Up: You can do an e-signature to complete your account opening, and digitally authenticate the same. In case you don’t have an Aadhar card, you will have to manually sign and submit the form.

Reasons to open an account with

  • Flat Fee: Brokerages are notorious for charging a high mark-up on every transaction. But has come up with a new model that charges a flat fee of Rs. 10 on every transaction.
  • Mobile App: Trading is as simple as swiping your fingers on your mobile screen now. With the app, you can trade at your own convenience, regardless of where you are.
  • Free AI based suggestions: has come up with an AI based technology that sends you stock recommendations that are tailored to your goals, and designed according to your portfolio.

What are you waiting for? Sign up with and start making the best of the rising stock market!


1 comment

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