📢 **Unveiling the Hidden Tactics of 5Paisa: A Personal Experience**
I recently encountered a significant issue with 5Paisa, a platform well-known for facilitating demat accounts and offering seamless stock trading and IPO applications. Their promise to open a demat account online within 24 hours is undoubtedly convenient, as the process involves quick online verification of documents. However, the story changes drastically when it comes to reactivating an inactive or closed account.
**The Catch:**
When you need to reactivate your account, 5Paisa imposes a cumbersome process requiring you to fill out 3-4 pages of forms and submit self-attested photos and ID proofs via mail or courier. This process takes approximately 7 working days to complete.
**Why the Discrepancy?**
This lengthy reactivation process appears to be a deliberate strategy. By prolonging the reactivation, 5Paisa can maintain a longer portfolio display and showcase their market holdings to BSE and NSE, effectively manipulating market perceptions.
Having faced this issue firsthand, I realized the underlying reason behind this tactic. It's disheartening to witness such manipulation in the market by a trusted platform like 5Paisa.
5Paisa, this is highly disappointing. It's time for transparency and efficiency in all processes, not just account openings. #5Paisa #StockMarket #Transparency #MarketManipulation
5paisa5paisaPrakarsh GagdaniNirmal Jain
