Is there a minimum balance requirement to open an account with FYERS?
No, it is not mandatory to deposit a minimum balance to open an account with FYERS. However, to start trading or investing, you will need to deposit funds from your linked bank account(s). Therefore, it's advisable to add funds at the time of opening your account. Alternatively, you can add funds after opening the account. For more details about funds, please visit our Fund Transfers page. If you want to determine the required margins for trading, you can use our Margin Calculators to assess the necessary funds for trading accordingly.
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Can a minor with foreign citizenship but Indian parents open a Demat account with FYERS?
Unfortunately, a minor with foreign citizenship can't open a Demat account with FYERS. This is due to the requirement of both address proof and PAN (Permanent Account Number) for the minor account opening. Currently, only Indian citizens can open a ...
Can NRIs open an account with FYERS?
Yes, Non-Resident Indians (NRIs) can open an account with FYERS through a simplified onboarding process that complies with FEMA and SEBI regulations. FYERS supports NRO Non-PIS accounts, allowing NRIs to trade in the Indian equity market using their ...
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.
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 ...
Can a minor open a trading account with FYERS?
No, minors can't directly open a trading account. However, as a guardian, you can open a Demat account in the name of a minor. Once the account is active, you have the option to transfer securities from your account to the minor's account, either as ...