HELP & SUPPORT

Getting Started

Opening an Account
What is a DEMAT account?

Demat Account is a digital vault that holds shares and securities in electronic format.

A demat account is an electronic account that holds securities like stocks, bonds, mutual funds, and exchange-traded funds (ETFs) in digital form. You need an active trading and demat account to trade options on Punch.

Why do I need an F&O trading account with Punch?

To trade on Punch's options-only platform, you need an F&O trading account. You can open an account through our app in about 10 minutes. 

Punch is an options-only platform, so you need an F&O trading account to trade. You can open an account by downloading the app and completing the account opening process, which takes about 10 minutes.

What documents do I need to open an account with Punch?

To open an account with Punch, you'll need your Aadhaar number, linked phone number, PAN card, and income proof documents like bank statements or salary slips.

  • Your Aadhaar number and the phone number linked to it.

  • Additional documents like PAN card, if not available on DIGILOCKER.

  • For income proof, you may need a Bank or DP statement, or alternate documents like salary slips, Form 16B, or an ITR acknowledgement.

How long does it take to open an account with Punch?
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Account approval and activation on Punch typically take 24 to 48 hours, but delays can occur due to KRA responses, exchange issues, weekends, or incorrect documents.

Approval and activation usually take 24 to 48 hours. Delays may occur due to:

  • KRA agency response time

  • Exchange concerns

  • Weekends (KRA and exchanges don't process documents on weekends)

  • Incorrect document submission

If you face any issues, call us on +91 79410 57311 or email writetous@punch.trade

 

 

What are the charges for opening an account with Punch?

There are no fees for opening or activating an account.

We only charge a brokerage fee of Rs. 20 per executed order, along with any applicable transaction or statutory charges levied by the exchange.

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