The Importance of Providing Your Mobile Number for Account Opening

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

A mobile number is an essential requirement when opening an account with FYERS for various reasons:

  1. KYC Compliance: It is mandatory for Know Your Customer (KYC) compliance, ensuring that the account holder's identity is verified.

  1. Exchange Registration: The mobile number is required to register your details with the exchanges where you will be trading.

  1. Communication and Verification: As your stockbroker, we need your mobile number for communication and verification purposes related to your account.

  1. Aadhar OTPs: It is used to receive Aadhar OTPs for account opening, which are sent to the registered mobile number.

Without a mobile number, it is not possible to open an account with us.

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