Why is providing a mobile number mandatory to open a FYERS account?
Providing a valid mobile number is mandatory for opening a Trading and Demat account with FYERS. This is a regulatory and operational requirement that ensures secure communication, identity verification, and compliance with KYC norms.
Why is a mobile number required?
- KYC Compliance
SEBI-mandated KYC (Know Your Customer) verification requires a mobile number for identity validation. - Exchange Registration
Your number is used to register you with stock exchanges such as NSE and BSE for trading access. - Communication and Alerts
FYERS uses this number to send account-related alerts, order confirmations, margin updates, and other important notifications. - Aadhaar-based OTPs
Online account opening requires Aadhaar eSign and Digilocker authentication, both of which send OTPs to your registered mobile number.
Without a valid mobile number, you will not be able to proceed with the digital onboarding process on FYERS.
What If..
| Scenario | Solution |
|---|
| I don't have a mobile number linked with Aadhaar | Visit your nearest Aadhaar Seva Kendra or update it online via the UIDAI Portal before starting your FYERS application. |
| I want to use a family member’s number | Each FYERS account must use the applicant’s own mobile number for verification. |
| My mobile number is inactive | Activate your number to ensure you can receive OTPs and important account updates. |
Important: A valid mobile number in your name is required to complete online KYC and receive trading-related alerts. Without it, your FYERS account cannot be opened.
Last updated: 05 Aug 2025
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