Why is providing a mobile number mandatory to open an account?

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
    We use this number to send account-related alerts, order confirmations, margin updates, and other important notifications.
  • Aadhaar-based OTPs
    Online account opening requires Aadhaar e-Sign 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.

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.

What If..

ScenarioSolution
I don't have a mobile number linked to AadhaarVisit 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 numberEach FYERS account must use the applicant’s own mobile number for verification.
My mobile number is inactiveActivate your number to ensure you can receive OTPs and important account updates.

Last updated: 02 Jan 2026