Why is a scanned copy of signature required while opening an online account even though we e-sign the documents?
To comply with mandatory KYC (Know Your Customer) regulations, FYERS requires a scanned copy of your signature. This helps verify that your signature matches the one on your PAN card and ensures the authenticity of your application.
Why is a scanned signature required?
Your signature is matched against the one available on your PAN card as part of the KYC validation process. If the signature does not match or appears invalid:
- Your account opening application will be rejected
- You'll need to resubmit a correct scanned signature
This step is essential to prevent identity mismatches and ensure regulatory compliance.
How to submit your signature securely
You must provide your signature on plain white paper and scan or photograph it clearly. To protect your signature from misuse, you can do any one of the following:
- Strike off unused space: Cross out blank areas on the paper so that no one can add anything else.
- Add a usage statement: Clearly write “For the purpose of opening an account with FYERS Securities Private Limited only.”
- Do both: For maximum security, apply both steps above.
What If:
| Scenario | What You Should Know |
|---|
| My signature doesn’t match my PAN | You’ll need to re-upload the correct signature, or update it with the PAN authority (NSDL) first |
| I uploaded a blank signature image | The application may be rejected; always cross out extra space and include a usage statement if concerned |
| My application was rejected due to signature issues | You'll receive communication from FYERS support with instructions to resubmit a proper scanned signature |
Use black or blue ink, ensure the image is sharp and well-lit, and avoid any backgrounds or filters when scanning.
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