Why is a scanned copy of signature required while opening an online account even though we e-sign the documents?
The scanned copy of a signature is required to verify the signature with the PAN card. In case of a mismatched signature, the application will be rejected and need to provide signature accordingly. This is done to comply with the KYC requirements which are mandatory.
To further ensure your safety with regard to physical signatures on a plain paper, you can do any one of the following 3 things:
- Strike off the empty parts so that nothing else can be written.
- Mention that this signature is for the limited purpose of opening an account with FYERS Securities Private Limited only.
- Both of the above.
Related Articles
How can i get assistance when opening an account online at FYERS?
Opening an account with FYERS is a straightforward online process, and assistance is readily available. Here's how you can request help: Provide Contact Information: Visit our 'Sign Up' page, enter your email and mobile number, and click on 'Create ...
In offline account opening, where am I required to sign exactly?
Once you download and print the account opening forms available in our Downloads. You will be directed with the “SIGN HERE” symbol wherever it is needed. For instance, wherever the signature of applicant’s is required is signalled through the ...
Is the account opening process at FYERS entirely online?
Yes, the account opening procedure at FYERS is 100% online, offering a seamless and paperless experience. Here’s what you should know: Digital Form Signing: Our online account opening system allows you to digitally sign application forms using ...
What is the timeframe for online account Opening with FYERS?
The online account opening process at FYERS is expedient, taking approximately 10 minutes to fill out forms and e-sign with OTPs. Post-Submission Process: Following form submission, it takes us up to 5-6 working hours to verify your details and send ...
What is the difference between opening an account online and offline?
Opening an account online saves time, energy and paper. It also helps you get started on demand rather than having to wait a week or so which involves printing, photocopies, physical signatures, logistics and physical verification process. When you ...