Why is a scanned copy of signature required while opening an online account even though we e-sign the documents?

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:

  1. Strike off the empty parts so that nothing else can be written. 
  2. Mention that this signature is for the limited purpose of opening an account with FYERS Securities Private Limited only. 
  3. Both of the above.
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