Why FYERS collects information during account opening?

Why FYERS Collects Information During Account Opening?

We only ask for details we genuinely need to confirm it’s really you, comply with Indian investment-account laws, and move your money safely (deposits, withdrawals, dividends).

PAN & Address (Mandatory)

We use your PAN and address to verify identity and prevent duplicates, meet SEBI/KRA KYC rules, match trades and payouts for tax reporting, and keep your address on record with the depository/KRA.

Bank Account Linking (Mandatory)

We link your bank so funds move only to/from your verified account, block third-party funding, and credit dividends to the bank registered in your Demat records.

Trading Segments (Optional)

Your segment choices enable us to only include the markets you want, avoiding repeated checks later.

Income Proof for Derivatives for F&O (Conditional)

If you enable derivatives, income proof is required by exchanges and SEBI, which helps align leveraged access with your financial capacity.

Nomination & Declaration (Optional)

You must either add nominee(s) or formally opt out so securities can be transmitted smoothly if needed and to meet regulations.

Additional Info (Mandatory)

We collect basic profile and compliance details (employment, income range, tax residency/FATCA-CRS, PEP) to meet KYC obligations, prevent fraud, and send essential account communications.

Live Verification (Mandatory)

A quick selfie/liveness check confirms it’s you for e-KYC, and your signature is stored for Demat authorisations.

Last updated: 26 Dec 2025

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