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

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