What is the account opening cost on Punch?

Opening a Demat account on Punch involves a one-time fee of ₹180.

What does the ₹180 actual cost cover?

During sign-up, you can view a full breakdown on the payment screen. It lists each activity and its cost — for example, in-person verification alone costs ₹60. The rest goes toward account setup, depository charges, and compliance. This is all cost, no profit.

When do I see this charge?

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

Is it mandatory to pay upfront?

No. You have two options:

• Pay It Now — complete the ₹180 + 18% GST payment via UPI, Credit Card, Debit Card, or Netbanking.

• Remind Me Later — skip and start trading.

If you choose not to pay even after the reminder, no problem — you can still contribute to Punch by becoming posting your valuable suggestions on the Builder’s lab.

What happens after I pay?

An invoice for ₹180 is automatically emailed to your registered address along with your account opening form.

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. There are no annual maintenance charges (AMC) — not ever. No platform fees, no hidden costs.