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Open a trading account online on 5Paisa

by | Jun 22, 2024 | Income Tax | 0 comments

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Important Keyword: F&O Trading, Speculative Income, Trading Income.

Open a trading account online on 5Paisa

You can open a trading account online on 5Paisa. Stock markets have evolved from the old open outcry system to an advanced electronic system. A trading account serves as an investment account where your money or securities are held electronically, and it allows you to buy or sell these securities in the stock market. Stock traders engage in trading shares, securities, commodities, and currencies through online trading platforms. For income tax purposes, activities like equity intraday trading, equity futures and options, commodity trading, and currency trading are all considered business income.

Steps to open a trading account 5Paisa account

  1. Visit the 5Paisa website
    You can do it from here.
  2. Fill in Basic details
    -PAN Card
    -Date of Birth
    -Contact details: Mobile Number and Email Id
    -Bank details
    Click on Proceed.

    5Paisa account opening 1
  3. Fill in your personal details
    -Martial status
    -Mother’s name
    -Father’s name
    -Educational qualification

    5paisa 3
  4. Fill in your FATCA details
    -Country of Birth
    -Source of Income
    Select the two tick boxes and click on Proceed

    5paisa 4
  5. Fill in your Address
    Click on Proceed

    5paisa 5
  6. Upload documents
    -PAN Card
    -Address Proof
    -Financial Proof
    Click on Proceed.5paisa 6
  7. Select a Plan as per your requirement
    Check the tick box and click on Proceed

    5paisa 7 choose plan
  8. An In Person Verification is required for account opening.
    Click on Send me the link. Record a 6-second video and Click on Submit
  9. Lastly, your name and E-sign gateway will be auto-filled for you
    Click on Submit

    5paisa esign
  10. E-sign using Aadhaar
    Enter your Aadhaar number and click on send OTP

    aadhaar esign otp
  11. Enter your OTP
    Click on verify OTP

    verify otp
  12. Your account opening process is now complete
    You will be able to trade shortly

Read More: Download Tax Profit and Loss report from 5Paisa

Web Stories: Download Tax Profit and Loss report from 5Paisa

Official Income Tax Return filing website: https://incometaxindia.gov.in/


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