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

    • Related Articles

    • Is there a minimum balance requirement to open a FYERS account?

      You do not need to deposit any minimum balance to open a FYERS Trading and Demat account. Account opening is free, and funding is not required to complete the onboarding process. However, funds must be deposited from your linked bank account before ...

    • What is the expiry or deactivation period for trading and Demat accounts?

      FYERS trading and Demat accounts do not have an expiry date. Once opened, your account remains valid indefinitely, unless you choose to close it or it becomes inactive due to regulatory conditions. Can my account become inactive? Yes. If there is no ...

    • Can I open multiple trading/Demat accounts with FYERS?

      No, you cannot open more than one trading and Demat account with FYERS using the same PAN. However, you're allowed to open accounts with other brokers or depository participants (DPs) if you wish to manage multiple portfolios. Why only one account is ...

    • Can I open only a trading or only a Demat account with FYERS?

      FYERS does not allow standalone trading or Demat accounts. To open an account and begin trading or investing on the FYERS platform, you must set up a combined trading and Demat account. This integrated structure is essential for regulatory compliance ...

    • Can I open Demat account online at FYERS?

      Thinking of getting started with FYERS? Opening a Trading and Demat account is quick, easy, and entirely online. Whether you're new to FYERS or already have a trading account, here's how to get started. How to open a Trading and Demat account as a ...