What are the charges to open a FYERS Demat and trading account?

What are the charges to open a FYERS Demat and trading account?

Opening a Demat and trading account with FYERS is completely free of charge, and the process is 100% online. Since November 24, 2020, FYERS has waived all charges for opening both trading and NSDL-linked Demat accounts. There are no processing or registration fees at any stage of the onboarding process.

Steps to open your free FYERS account

  1. Go to the FYERS sign up page.
  2. Enter your mobile number and verify it using the OTP.
  3. Submit your PAN and date of birth for KYC validation.
  4. Upload the required documents:
    • PAN card
    • Bank statement
    • Signature
    • Live photo (selfie)
  5. Complete the e-Sign process using the OTP sent to your Aadhaar-linked mobile number.
  6. Wait for the verification process. You'll receive an SMS or email once your account is activated.

Watch this quick video guide to understand the process clearly:


Make sure your mobile number is linked to Aadhaar. This enables instant OTP-based e-Sign and significantly speeds up the account opening process.

What if…

ScenarioWhat you should know
Aadhaar is not linked to your mobile numberLink your mobile number to Aadhaar at the UIDAI portal or nearest Aadhaar Seva Kendra before proceeding with account opening.
No update after submitting documentsAccount activation typically takes up to 24 business hours. Contact us if delayed.

Last updated: 14 Aug 2025

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