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 account with FYERS is a straightforward process. Follow these steps for a hassle-free experience:
  1. Begin the Process:
    • Go to FYERS Sign Up Page.
    • Enter your Aadhaar-linked mobile number and click 'Continue'.
    • Input the OTP received and proceed.
  1. Select Account Type:
    • Choose your account type (Resident, NRI, Corporate) and confirm.
  1. Email Verification:
    • Enter your email ID, receive an OTP, and verify it.
  1. PAN Verification:
    • Input your PAN details and click 'Verify'.
  1. Aadhaar Authentication:
    • Agree to the terms and select 'Authenticate Aadhaar'.
    • Enter Aadhaar Number, OTP, and submit.
  1. Digilocker PIN:
    • Input your 6-digit Digilocker PIN.
  1. Linking Bank Account:
    • Using UPI: Scan the displayed QR code using a UPI app. A nominal amount of ₹1 will be debited for verification.
    • Using IFSC: Provide your bank account number and IFSC code.
  1. Select Trading Segments:
    • Choose your desired segments along with mandatory Equity (NSE & BSE) and Mutual Funds.
  1. Mobile OTP Verification:
    • Verify using the OTP sent to your registered mobile.
  1. Verify and Approve Data Sharing:
    • Select 'Verify Account', enter OTP, and approve data sharing.
  1. Personal Details:
    • Fill in details like Occupation, Annual Income, Marital Status, and agree to terms and conditions.
  1. Nomination Details:
    • Update your nomination information.
  1. Selfie and Signature:
    • Upload a live selfie and your signature.
  1. E-sign Process:
    • Review details, agree to the terms, and proceed to e-sign with Aadhaar OTP verification.
  1. Trading Experience:
    • Select an option that reflects your trading experience and confirm.
  1. Completion:
    • Your application process is now complete. Track the status via the Dashboard.
For more clarity, kindly watch the below video:

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