Which income proofs can I submit for my newly opened bank account?
Welcome! If you’ve recently opened a new bank account and need to verify your income for FYERS, don’t worry—we’ve got you covered. FYERS accepts a few different types of documents to fulfill the income proof requirement.
Accepted Documents for Income Proof
- Six-month bank statement
Provide the last 6 months’ statement from your existing bank account. This should clearly reflect your account activity and transactions over the period. - Income Tax Return (ITR)
Submit a copy of your most recently filed ITR with the Income Tax Department. - Holdings statement from a Demat account
If you hold securities with any broker, you can share your latest holdings statement as proof of income.
What If?
| Scenario | Accepted Approach |
|---|
| I don’t have a 6-month old bank account | Submit ITR or your latest holdings statement instead |
| My bank statement doesn’t reflect significant transactions | Use your ITR or Demat holdings statement as alternate proof |
| I have multiple Demat accounts | You can submit a holdings statement from any one active account |
If your statement is password-protected (PDF), ensure you provide the password when submitting the document to avoid processing delays.
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