Why is providing a mobile number mandatory to open an account?
Yes, providing a valid mobile number is mandatory for opening a Trading and Demat account with FYERS. It plays a critical role in identity verification, compliance, and communication throughout the account opening and trading process.
Why is a mobile number required?
A mobile number is essential for the following key reasons:
KYC Compliance
- It is a regulatory requirement to verify your identity through Know Your Customer (KYC) processes.
Exchange Registration
- Your mobile number is used to register you with the stock exchanges where you will be trading.
Communication & Verification
- FYERS uses your mobile number to send account alerts, transaction verifications, and important service updates.
Aadhaar OTPs
- You will receive Aadhaar-based OTPs on your registered number, which are required for online account opening via eSign and Digilocker authentication.
What if...
| Scenario | Solution |
|---|
| I don't have a mobile number linked with Aadhaar | You will need to update your Aadhaar details to proceed with online account opening |
| I want to use a family member’s number | Each FYERS account must be linked to the applicant’s personal mobile number |
| My mobile number is inactive | Ensure it is active to receive OTPs and verification alerts during onboarding |
Without a valid mobile number, it is not possible to complete the FYERS account opening process.
Last updated: 02 Jul 2025
Related Articles
Can I open just a trading account at FYERS?
If you're looking to start trading with FYERS, it's important to know that we do not support standalone trading accounts. Opening a combined Trading and Demat account is mandatory to ensure you can fully participate in equity and ETF markets. Why is ...
How to get assistance to open a FYERS account?
Opening a Demat and Trading account with FYERS is designed to be seamless and fully online. Whether you're a new investor or a seasoned trader, this step-by-step guide will walk you through the complete onboarding process. Step-by-step guide to open ...
How much does it cost to open an account with FYERS?
Opening an account with FYERS is now completely free! Whether you're new to the platform or an existing client looking to add a Demat account, the process is 100% online and quick to complete. Can I open an FYERS account without paying anything? Yes, ...
How to update your email or mobile number on FYERS?
Keeping your contact details up to date helps you receive important alerts and ensures your FYERS account stays secure. You can easily change your mobile number or email address online by following the steps below. Steps to change your contact ...
What is the step-by-step procedure to open a Demat account with FYERS?
Opening a Demat and Trading account with FYERS is designed to be seamless and fully online. Whether you're a new investor or a seasoned trader, this step-by-step guide will walk you through the complete onboarding process. Step-by-step guide to open ...