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 you have a single Demat account and your holding value should be less than Rs. 50,000/- to avail free service without recurring maintenance charges. However, with FYERS, even if your holdings are above Rs. 50,000, your AMC will still be Zero. To learn more about BSDA, read this SEBI circular.
To open a BSDA account, While filling up the Demat form you will have to mention as BSDA Demat Account to avail the BSDA facility.
You can open an account with us here.
Note: Once a regular Demat account is opened, it cannot be converted to BSDA 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. For new clients, ...
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 ...
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 ...
Is it mandatory to open a Demat account?
FYERS Demat account is mandatory for all the new clients. Therefore, if you wish to trade or invest in equities or ETFs you will be required a Demat account with FYERS to hold these securities. A Demat account will enable you to trade in the ...
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.