Can I add a joint account holder to my existing account?
No, you cannot add a joint account holder to an existing FYERS trading or demat account. If you wish to open a joint account, you’ll need to open a new one separately. FYERS accounts must be configured as either individual or joint at the time of account opening.
How joint accounts work at FYERS
- A joint account must be opened fresh—modifying an existing individual account is not allowed
- You must specify the primary (first) holder during the joint account setup
- Each holder in the joint account must comply with KYC requirements
What are your options?
Depending on your role in the joint account:
- If you want to be the first holder: Close your current FYERS individual account and apply for a new joint account with you as the primary holder
- If someone else will be the first holder: You can open a joint account without closing your existing account
What If:
| Scenario | What You Should Know |
|---|
| I want to change my individual account into a joint one | Not permitted—joint accounts must be created separately |
| I want to be the first holder in a joint account | Close your existing account before applying as the first holder |
| I want to be a second/third holder | You can open a joint account without affecting your current one |
Decide on account structure—individual vs joint—before opening the account to avoid closure and reapplication later.
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