Can a foreign citizen child with Indian parents open a Demat account in FYERS?
No, a foreign citizen child cannot open a Demat account as it is mandatory to submit both address proof and PAN for the Minor account opening. Only Indian citizens are allowed to open a minor Demat account in India.
Can I open my minor child's account if I don't have a Demat account in FYERS?
No, it is mandatory for you as the guardian to have an active Demat account in FYERS to initiate the account opening process for your minor child. If you do not have a Demat account with us, click here to open your account in 5 minutes. For the ...
Can I open an account for my relative's minor child?
No, you cannot open your relative’s minor child’s Demat account as his/her guardian. The minor account is required to be opened by the child’s father or mother. Note: In the absence of both the parents, the child’s account can be opened by the ...
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. For new clients, ...
As an existing client with a Trading Account, How to open a FYERS Demat Account?
Earlier, the procedure to open a Demat for the existing trading account holders was offline. However, as per the feedback received from the community, we've simplified the procedure by making it completely online through the e-signing process. You ...
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 ...