What is the account opening cost on Punch?

Why does Punch charge ₹120?

When you open a Demat account on Punch, there is a one-time fee of ₹120. This is the actual cost Punch incurs to set up and verify your account — no profit margin is added on top. You can view a full breakdown of what the ₹120 covers (for example, in-person verification at ₹60 and other setup activities) right on the payment screen.

When do I see this charge?

The account opening fee screen appears after you fill in your personal details during the sign-up process. You will see a clear breakdown of the cost before you are asked to pay.

Is it mandatory to pay upfront?

No. You have two options on the payment screen:

• Pay It Now — complete the payment right away and move on.

• Remind Me Later — skip the payment and continue setting up your account. You can start trading without paying the fee.

How can I pay?

Punch supports the following payment methods for the account opening fee:

• UPI

• Credit Card

• Debit Card

• Netbanking

What happens after I pay?

Once your payment goes through, you will see a Thank You confirmation screen. An invoice for the ₹120 fee is automatically emailed to the address you registered with, so you have a receipt for your records.

What if I skip the payment?

If you choose “Remind Me Later,” you can continue using Punch as usual. Punch will send you a friendly reminder via notification or WhatsApp at a later point.

Trading charges

Beyond the one-time account opening fee, Punch charges a flat brokerage of ₹1 per executed order. Standard statutory and exchange charges (such as STT, exchange fees, and GST) apply on top — these are the same regulatory charges every broker in India passes through.

This pricing is part of Punch’s #OneCrazyMission to build a professional-grade trading platform that remains accessible to every trader.