How to submit the Power Of Attorney (POA) of my Demat account to FYERS?
You will have to Download, print, fill, sign & send the Power of Attorney to our office address. Once the forms are received, your POA will be activated in 7 working days.
Our office address is as below:
Fyers Securities Private Limited.
No. 225, 1st block, 14th cross, RT Nagar, Bangalore – 560032.
If you are an existing client with a trading account with us, please follow the instructions in this article. The POA is already included in the Demat Account Opening Form.
Why is a Power of Attorney (POA) needed for a Demat account?
A Power of Attorney (POA) enables quick, smooth, and efficient functioning of the Demat account. Previously, POA was used to debit securities from your Demat account upon your request to either sell or pledge the securities which you own. In the ...
What happens if I don’t give the Power of Attorney (POA) of my Demat account?
Earlier, in the absence of a POA, a client would be able to sell or pledge shares which he/she owns only upon physically submitting the Delivery Instruction Slips (DIS) to the broker. This was both inconvenient and time consuming for everyone. For an ...
Can I open Non- POA Demat account?
Yes, you can open Demat account without providing POA where you’ll have to Buy & Sell the shares through E-DIS. You can go through this blog Demat Account Without POA for more information on E-DIS and how it is different from the Demat with POA. We ...
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 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.