How is In Person Verification (IPV) conducted?

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 you can do a live authentication via video conferencing (Skype) at a pre-agreed time. For this, you must have a fast internet connection. The executive might ask you questions regarding your documents. If they find the answers contradictory or mismatch of documents, they can cancel your application.

Securities and Exchange Board of India (SEBI) allows the stockbroker to conduct In-Person Verification (IPV) either physically or through a web camera.

    • Related Articles

    • What is In-Person Verification (IPV) and why is it needed?

      In Person Verification (IPV) is a mandate issued by SEBI as mentioned in this circular. It is done to ensure that stock brokers can verify the true identity of the applicant along with verifying the authenticity of the documents submitted. It helps ...
    • How to re-activate my trading account?

      If your trading account has been inactive for more than two year, it may be deactivated according to SEBI guidelines. The process of reactivation is as follows: Log in to app.fyers.in. Click on 'Reactivate Account'. Select your Employment type and ...
    • 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 ...
    • Can an LLP (Limited Liability Partnership) open an account at FYERS?

      Absolutely, FYERS welcomes LLP entities to open accounts with us. However, please be aware that the process for opening an LLP account is conducted offline. Here's a breakdown of the essential steps and documents required for a successful LLP account ...
    • 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 ...