Is it mandatory to open a Demat account?

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• 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 a trading account without opening a Demat account?

  No, FYERS Demat account is mandatory for all the clients. Therefore, if you wish trade or invest in equities or ETFs, or Mutual Funds you will be required a Demat account with FYERS to hold these securities. A Trading -Demat account will enable you ...

• 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 only open a trading account?

  No, you need to open Trading cum 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. While ...

• 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, ...