Step-by-Step Guide to Open a Demat Account with FYERS

What is the step-by-step procedure to open a Demat account with FYERS?

Opening a Demat and Trading account with FYERS is designed to be seamless and fully online. Whether you're a new investor or a seasoned trader, this step-by-step guide will walk you through the complete onboarding process.

Step-by-step guide to open your FYERS account

  1. Begin the Process
    • Go to the FYERS Sign Up page
    • Enter your Aadhaar-linked mobile number and click 'Continue'
    • Enter the OTP received and proceed
  2. Select Account Type
    • Choose your account type: Resident, NRI, or Corporate
  3. Email Verification
    • Enter your email ID, receive an OTP, and verify it
  4. PAN Verification
    • Enter your PAN details and click 'Verify'
  5. Aadhaar Authentication
    • Agree to terms and select 'Authenticate Aadhaar'
    • Enter Aadhaar number, OTP, and submit
  6. Digilocker PIN
    • Enter your 6-digit Digilocker PIN
  7. Linking Bank Account
    • Using UPI: Scan QR code and pay ₹1 for verification
    • Using IFSC: Enter account number and IFSC code
  8. Select Trading Segments
    • Choose segments (mandatory Equity NSE/BSE, Mutual Funds)
  9. Mobile OTP Verification
    • Verify with OTP sent to your registered mobile
  10. Verify and Approve Data Sharing
    • Click 'Verify Account', enter OTP, and approve data sharing
  11. Enter Personal Details
    • Fill occupation, income, marital status, and agree to terms
  12. Nomination Details
    • Update your nominee information
  13. Upload Selfie and Signature
    • Submit a live selfie and scanned signature
  14. E-sign Process
    • Review details and e-sign with Aadhaar OTP
  15. Trading Experience
    • Choose your trading experience level and confirm
  16. Completion
    • Your application is submitted—track status on the Dashboard

Media

Watch this quick video guide to understand the process clearly:

Last updated: 02 Jul 2025

    • Related Articles

    • Can I open an offline Individual Demat account with FYERS?

      Thanks for checking in! As of now, FYERS has discontinued offline applications for new Individual Demat Accounts. This change is aligned with recent regulatory requirements to streamline and digitize the account opening process. Why offline account ...

    • What is the procedure to open a Demat account?

      If you're already a FYERS client with a trading account, you can easily add a Demat account to enable equity and mutual fund investments. There's no need to open an entirely new account—just follow a simple add-on process. For existing FYERS trading ...

    • How to open a FYERS demat account as an existing trading account holder?

      If you already have a trading account with FYERS, opening a Demat account is quick, online, and free of paperwork. Here's how you can get started with just a few steps: Steps to open a FYERS Demat account Visit the Demat Account Opening Page: ...

    • Can I open a basic services demat account (BSDA) with FYERS?

      Glad you're exploring account options! A Basic Services Demat Account (BSDA) is a simplified Demat account introduced by SEBI to encourage small investors to participate in the stock market with minimal costs. What is a BSDA? BSDA accounts are ...

    • What are the documents required to open minor Demat account with FYERS?

      To open a minor Demat account with FYERS online, ensure you have the necessary documents on hand. Here's what you'll need: Minor's PAN card Minor's Aadhaar card or passport Birth certificate of the minor or 10th marks card A cancelled cheque or a ...