Step-by-step process of opening an account
Register and open your Punch trading account in four easy steps: Sign up, verify, get approved, and start trading securely and quickly.
Step 1: Registration
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Download Punch and register with your Gmail account and phone number.
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These will be used as your credentials for the trading and demat account, so make sure to use your primary contact details for registration.
Step 2: Opening a Demat account
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Tap on “Open DEMAT Account.”
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Have your Aadhaar number and linked phone number ready for OTP verifications.
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Complete the following verification steps:
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Personal details
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Bank verification
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Aadhaar verification
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Photo verification
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Signature verification
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Income proof submission
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Step 3: Approval Process
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After submitting your documents, our team will process your application by performing customary sanity checks and verifying the existing details with KRA. If necessary, we will update your details with KRA. As KRA also verifies the details, this process may take 24-48 hours.
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Once approved, your account will be activated, and you’ll be ready to trade on Punch.
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You can check your account status on the activation page of the Punch app.
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You will receive notifications about your account activation via WhatsApp and email.
Step 4: Start Trading
Once your account is approved, a “Start Trading” button will be seen on the activation page.
Tap the button and set a 4-digit PIN and biometric identity for two-factor authentication.
Log in, add funds, and you’re ready to start trading.
