General
What is Demat Debit and Pledge Instruction (DDPI) and how does it work with FYERS?
Demat Debit and Pledge Instruction (DDPI) is an essential document that authorizes FYERS to debit securities from a client's Demat account for executing sell orders. SEBI introduced DDPI to replace the Power of Attorney (POA), enhancing security by ...
What should I do if my trading account becomes dormant or inactive?
In the event that your trading account becomes dormant, typically after 12 months of inactivity, it will be deemed inactive and subsequently deactivated by the exchange. To reactivate your account, you will need to verify your KYC (Know Your ...
How does KRA validation work and what should I do if I receive a KRA notification?
KRA (Know Your Customer Registration Agency), following SEBI guidelines, validates clients' KYC details and notifies them via email or SMS. Upon receiving such a notification, you should validate your email address by clicking on the provided link. ...
Can I open an offline Individual Demat account with FYERS?
Unfortunately, we no longer accept applications for new offline Individual Demat Accounts at FYERS. As per recent regulatory changes, it's now mandatory to link your Aadhaar with your PAN for all Demat Accounts. To ensure compliance and simplify this ...
What is the step-by-step procedure to open a Demat account with FYERS?
Opening a Demat account with FYERS is a straightforward process. Follow these steps for a hassle-free experience: Begin the Process: Go to FYERS Sign Up Page. Enter your Aadhaar-linked mobile number and click 'Continue'. Input the OTP received and ...
How to re-activate my trading account?
If your trading account has been inactive for a certain period, it may be deactivated according to SEBI guidelines. There are two categories of inactive accounts: Inactive for More than a Year but Less than 2 Years: If your account falls into this ...
Can I add a joint account holder to my existing account?
No, you cannot add a joint account holder to an already existing account. If you want to open a joint account, you will have to do it separately. If you want to be the first holder of the new joint account, you will have to close the existing account ...
Can I open Demat account online at FYERS?
Yes! If you are new to FYERS and want to open a Trading+Demat account, you can open an account online here. The Demat account opening process for existing clients is also completely online. For more details, read this article.
Is it allowed to trade in equity delivery by linking other Demat accounts?
No, it is not allowed. If we had allowed you link your existing Demat account which is held with another broker with your Fyers trading account, you would have been able to buy shares through us, but you wouldn’t have been able to sell them through ...
How to add a nominee to your trading account with e-sign on FYERS?
When you're opening an account with FYERS through an E-sign process, you might notice that there's no option to add a nominee on the digitally signed form. This is in compliance with the Securities and Exchange Board of India (SEBI) regulations, ...
Is a demat account mandatory for trading with FYERS?
Opening a Demat account with FYERS is an essential step for new clients who intend to trade or invest in equities or ETFs. A Demat account is your gateway to holding and trading a variety of securities in a seamless and electronic format. Segments ...
What is the expiry period for Trading and Demat account?
There is no such concept of expiry exist for Trading/ Demat account. You can hold your Trading and Demat account for a boundless period. In the case of Demat, you only need to pay AMC fees to keep your Demat account operational. However, in FYERS ...
Can I modify the KYC/Account details online as I have E-signed?
Once you filled and E-signed your online account opening form and wish to change any details possibly by contacting us. Our account opening representative will assist you in this regard by verifying your details, and you can change them accordingly.
Is It possible to open a Non-POA demat account at FYERS?
Yes, you have the option to open a Demat account without a POA at FYERS. This arrangement necessitates the use of Electronic Delivery Instruction Slip (E-DIS) for buying and selling shares. We’ve integrated the E-DIS facility to ensure a seamless and ...
Can I open two different Trading/Demat accounts at Fyers?
No, you can’t have more than 1 account with the same broker or DP but, you can have multiple accounts with other brokers or DPs.
What do I do if there is a signature mismatch?
In case of a signature mismatch on the documents, applicants need to provide a declaration stating that both signatures are his only and he or she authorizes the same. Please get in touch with the concerned account opening executives to help you out ...
Is it mandatory to submit the KYC documents, though my KYC is already registered?
If you are already KYC compliant, the applicant doesn’t need to submit KYC documents but, if there is any modification in applicant’s details recently, then we request you to provide KYC documents again to avoid any rejections. However, if there are ...
Which income proofs can I submit for my newly opened bank account?
If you've recently opened a bank account and need to submit income proof, here are the accepted documents: Six-month bank statement: Provide a 6 month bank statement of your existing bank account, reflecting all transactions to date. Income Tax ...
What do I do if there is name mismatch in PAN and Bank account?
As per the regulations, account holders name on PAN should match with the bank account or the address proof he or she has submitted if not; he needs to provide a declaration from the bank stating that PAN cardholder and bank account holders are the ...
How do I add the new Segment/Exchange to my existing Trading Account?
Adding a new segment or exchange to your existing FYERS Trading Account is a straightforward process. Here’s how you can enhance your trading experience by including more segments: 1. Accessing Account Management Log in to the My Account Portal. ...
How to update your email or mobile number on FYERS?
At FYERS, we’ve streamlined the process of updating your contact details to ensure you have uninterrupted access to our services. Here’s how you can modify your email or mobile number online with ease: Login: Access your account by logging into 'My ...
How to update your address with FYERS?
Updating your address with FYERS can be done effortlessly through the online portal. Here's how you can make the changes: 1. Starting the Process Sign in to ‘My Account’. From your profile dropdown menu, choose ‘Manage Account’. 2. Navigating to ...
Why is a scanned copy of signature required while opening an online account even though we e-sign the documents?
The scanned copy of a signature is required to verify the signature with the PAN card. In case of a mismatched signature, the application will be rejected and need to provide signature accordingly. This is done to comply with the KYC requirements ...
Why don’t FYERS have High Frequency Algo-trading?
We are a brokerage that caters to retail to active retail traders & investors. We are much more focused on the trading platform functionality, provide a stable and seamless platform with the highest uptime compared to other brokers. We can think of ...
Why is income proof necessary for F&O trading?
When trading futures and options (F&O) in any segment, it's imperative, as per exchange norms, to provide evidence of your income. This stems from the understanding that F&O is a leveraged derivative product. It's not best suited for individuals with ...
Can NRIs open an account with FYERS using NRO account?
Absolutely, NRIs can link their NRO (Non-Resident Ordinary) bank accounts to their FYERS accounts for trading. Opening an NRI Account: For detailed instructions and guidance on setting up an NRI account with FYERS, you can read the specific article ...
Since FYERS has TradingView charting, do we get all the features which are available in the official Tradingview charting platform?
TradingView is considered the best charting platform available in India, all the features offered by them to third parties will be available on the FYERS Web platform. Based on our clients’ suggestions and feedback, we have embedded features which ...
Do you charge for accessing the platforms? If no, then for how long is it free?
No, we don’t charge any fees for accessing our platforms; all our platforms are free of cost to our clients. At the moment, we don’t have any plans for charged access; we will keep you posted in this regard.
What is FATCA?
FATCA stands for the Foreign Account Tax Compliance Act. It is a new piece of legislation to help counter tax evasion in the US. Introduced in 2010 by the United States Department of Treasury (Treasury) and the US Internal Revenue Service (IRS), the ...
Why can’t I take delivery of shares if I have not opened a Demat account?
Whenever you buy shares and decide to hold it for a week, a month, or years together then shares bought are deposited in Demat account in dematerialised form, as Demat account holds shares and securities in electronic custody. If you don’t have Demat ...
Can I open just a trading account at FYERS?
At FYERS, opening a standalone trading account is not an option. We mandate the opening of a Trading cum Demat account to ensure our clients can effortlessly trade and invest in equities or ETFs. The Demat account is essential for holding the ...
How to get assistance to open a FYERS account?
Opening a FYERS account is a swift and straightforward process that you can usually complete on your own within 10 minutes. However, should you need any assistance, here's how you can get help: Initiate Account Opening Online: Begin the process by ...
How is In Person Verification (IPV) conducted?
IPV process makes it easier for clients/brokers to verify the person holding the Trading and DEMAT account. Earlier, IPV was done physically and got checked all your documents before opening an account. But now, the process is more straightforward as ...
In offline account opening, where am I required to sign exactly?
Once you download and print the account opening forms available in our Downloads. You will be directed with the “SIGN HERE” symbol wherever it is needed. For instance, wherever the signature of applicant’s is required is signalled through the ...
Can I open a joint account with FYERS?
Yes, FYERS welcomes the opening of joint accounts, which can be held by more than one individual. The process for opening a joint account is akin to setting up an individual account, though it is conducted offline. Request a Call Back: To begin the ...
Is it possible to open a trading account for someone else using my own contact information?
At FYERS, opening an account on behalf of someone else using your personal contact details is not permitted. Each individual must open their own account using their unique contact information. This policy aligns with KYC (Know Your Customer) norms ...
Can I open a basic services demat account (BSDA) with FYERS?
A Basic Services Demat Account (BSDA) was started by SEBI to promote financial inclusion by encouraging small investors to familiarize themselves with Demat accounts without any Annual Maintenance Charges (AMC). Generally, BSDA can be opened only if ...
What should I do if my account opening documents are rejected by FYERS?
If your account opening documents are rejected at FYERS, here's how to proceed: Communication: Our executive will contact you to explain the rejection reasons and the next steps. Common Reasons for Rejection: Blurry documents or lack of clarity. ...
How much does it cost to open an account with FYERS?
Opening an account with FYERS is now more accessible than ever! As of the 24th of November, 2020, we are pleased to announce that the charges for opening an account with us are zero. Whether you're new to FYERS or already a client, you can easily set ...
How to open a FYERS demat account as an existing trading account holder?
Existing trading account holders at FYERS can effortlessly open a Demat account through an entirely online process. This streamlined approach includes the convenience of electronic signing, ensuring a smooth and efficient experience. Here's how to ...
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