General
Can I Open a Trading Account Without Opening a Demat Account?
No, opening a Demat account with FYERS is mandatory for all clients who wish to trade or invest in equities, ETFs, or mutual funds. Your Demat account is essential for holding the securities you purchase. Why is a FYERS Demat account required? A ...
Why Is Providing a Mobile Number Mandatory To Open a FYERS Account?
Providing a valid mobile number is mandatory for opening a Trading and Demat account with FYERS. This is a regulatory and operational requirement that ensures secure communication, identity verification, and compliance with KYC norms. Why is a mobile ...
Is There a Minimum Balance Requirement To Open a FYERS Account?
You do not need to deposit any minimum balance to open a FYERS Trading and Demat account. Account opening is free, and funding is not required to complete the onboarding process. However, funds must be deposited from your linked bank account before ...
Can I Link My Salary Account to My FYERS Trading Account?
Yes, you can link your salary account to your FYERS Trading and Demat account without any issues. We accept all types of savings bank accounts, including zero balance salary accounts, either during account opening or later as a secondary bank. What ...
Can I Link an Existing Demat Account to My FYERS Trading Account?
No, linking an external Demat account to your FYERS trading account isn’t supported. To trade with FYERS, both the trading and Demat accounts need to be opened with FYERS. If you already have a FYERS Trading account, opening your Demat account is ...
What Happens if I Don’t Grant Power of Attorney (POA) for My Demat Account?
If you choose not to grant Power of Attorney (POA) for your Demat account with FYERS, you can still trade and manage your holdings securely using digital authorisation methods. We support POA-free trading through EDIS and DDPI, ensuring full control ...
Why Is a Power of Attorney (POA) Important for Your Demat Account?
Power of Attorney (POA) used to be a crucial document that enabled brokers to seamlessly manage securities in your Demat account. But with digital evolution and regulatory updates, we have moved to safer and more efficient alternatives. Here's what ...
Is the Account Opening Process at FYERS Entirely Online?
We offer a fully digital and paperless account opening process. You can open a Trading and Demat account entirely online using your Aadhaar-linked mobile number. The process is available through both FYERS mobile app and Web. It usually takes under 2 ...
How Can I Get Assistance When Opening an Account Online at FYERS?
Opening an account with us is a straightforward online process, and assistance is readily available. Here's how you can request help: 1. Provide contact information Visit our Sign Up page, enter your email and mobile number, and click on 'Create an ...