Step-by-Step Guide to Opening a Punch Account

Go from download to your first trade in four straightforward steps.

Written By Archit Sunat

Last updated About 1 month ago

Step 1: Register

Download the Punch app and sign up using your phone number. These will be your login credentials going forward, so use the phone number you check most often.

Step 2: Open your Demat account

Tap Open DEMAT Account and have your Aadhaar number and linked phone number ready — you will need them for OTP verification. During this step you will complete:

  1. Personal details

  2. Bank account verification

  3. Aadhaar verification (via DigiLocker)

  4. Photo and signature upload

  5. Income proof submission

The whole process takes about five minutes if you have your documents handy.

Step 3: Wait for approval

After you submit your application, the Punch team reviews it and forwards it to external agencies (KRA and the stock exchange) for verification. This usually takes 24-48 hours.

You can track your progress on the Account Activation page in the app. Punch will also notify you via WhatsApp and email when your account is approved.

Step 4: Start trading

Once approved, you will see a Start Trading button on the activation page. Tap it to set up your 4-digit PIN and biometric authentication. After that, log in, add funds, and you are ready to place your first trade.