FYERS is known for its trading platform. People who are into the stock market looking for the best trading platform can open their account with FYERS. Opening account with FYERS is very similar to opening a demat & Trading account with any broker. You can open an account in FYERS in two ways either online through (aadhar e-sign) or offline method.
FYERS is a discount broker & charge flat brokerage along with that they offer free account opening. They charge only 20 per executed order or 0.01% (whichever is lower) & Free delivery trades. Now let’s understand what are the requirements for opening an account with FYERS.
Required Documents for account opening
You need to provide the following documents for FYERS account opening:
- PAN Card (Mandatory)
- ID Proof – Voter ID, Aadhar card
- Address Proof – Passport, Aadhar Card, Driving License
- Passport-size photographs
- Canceled Cheque
Account Opening Charges
It’s Free, FYERS don’t charge for demat & trading account opening either you open an account online or offline. Even FYERS doesn’t levy any Annual Maintenance Charges (AMC) for Trading or Demat account.
If you are good at understanding & following instructions, then you do not need to go through this entire post. You just need to visit the FYERS account opening page (Click here), & follow the directions, upload all required documents & your account will be opened.
You just need to follow the process until step 11 in case of the offline process & if you want to open an online account then you follow step till last.
In case, if you will get stuck in between you will get a call from the sales executive. If you need any help in between just get back to this page, we have articulated step by step process for FYERS opening.
Step by step Process to open an account in FYERS
Estimated time for FYERS account opening is 15 minutes.
Just visit the FYERS website and follow the step by step process for FYERS online & offline account opening.
- FYERS Account Opening
First, you need to visit the FYERS account opening page: Open an account with FYERS You need to enter your Name, Email, Mobile Number & then click on Generate OTP. Now you need to Enter OTP sent on your email id & mobile number & click on the submit button.
- Enter PAN Card Details
You have to enter your PAN Card No & Date of Birth. After filing the details just directly click on SAVE AND CONTINUE. You don’t need need to click on VIEW KRA DATA.
- Enter Personal Details
Now your name & father’s name will be automatically fetched from PAN card KRA details. Select your salutation (Mr/Mrs/Ms) according to your gender (Male/Female/Others) & Marital Status (Single/Married/Widow) from the drop-down box on the left side of your name. Then you need to enter your Mother’s Name.
- Filing Up Address Details
On the next page, you now have to enter your correspondence address. You can fill these details as per your Aadhaar details. In address type drop-down box, select RESIDENTIAL & Fill up House No, Road Name and Taluka. After filling pin-code number; city, district, state name will be filled automatically fetched.
- Choose Trading Segments
Now you can choose trading segments as per your requirements. It’s recommended to activate all segments in on go because you never know when you gonna need it. You will be able to transact in all the segments namely Equity, Equity F&O, Currency F&O & Commodity F&O segments.
- Demat account details
Now you need to provide your demat details. It’s recommended to choose NO even if you already have a demat account with another broker as this will help you in hassle-free settlement of shares.
- Enter Bank Details
On this page, you need to A/C number & enter your IFSC Code, MICR Code, after that your Bank & Branch Name with address will be automatically fetched. This account will be used to transfer funds to your trading account.
- Individual Details
On the next page from drop boxes, you have to choose your Occupation, Education & Income Details & trading experience in years.
- Upload Documents for account opening
Now you will have to upload a scanned copy of the required documents in pdf/jpeg/png format.
- Brokerage Plan
On the next page, you will be shown the Fyers brokerage plan. You need to Tick on “I accept the terms and conditions” and then click SUBMIT.
- Review Details & Offline account opening
Now on the next page, a pop-up will be shown in the image stated that they will send the documents to your email for e-signing. Click on OK.
- Offline Account Opening
In case if your mobile no is not linked with Aadhar Card then you will not able to e-sign the document. In this case, you can opt for an offline account opening process. Just click on DOWNLOAD UNSIGNED PDF & manually sign wherever it is written sign here & courier it to Fyers Headoffice mentioned below:
Fyers Securities Private Limited.
No. 77, Nandidurga Cross Road (Anjenaya Temple Cross),
Jayamahal, Bangalore – 560046.
You have completed the process for offline account opening.
- Fyers Online Account Opening (E-signing through Aadhar)
Online account opening enables you to sign the application form digitally using Aadhar OTPs. You will be allowed to transact in all the segments. If you have a mobile number registered with aadhar card. You can opt for online account opening.
Just after completing step 11 you will receive a mail from Fyers for online account opening then Click on E-Sign Now you will be redirected to a page like where your details will be pre-filled. You just need to tick on “I authorize Fyers Securities to e-Sign my E-KYC form” an then click on E-SIGN.
- OTP Verification
You have to enter the OTP that you will receive on your mobile. Then click on Submit. You will be redirected to the NSDL page to e-sign your account opening page. Just need to Enter your Aadhaar No & you need to click on Request OTP. Enter that OTP and then click on the Submit button.
- E-Signing Fyers Account opening Documents
A page similar to this will open where you can sign your all account opening document digitally through aadhar e-sign. Then click on Proceed to E-sign.
Now you are done with the online account opening process.
- Courier POA to Fyers Headoffice
For new clients, who want to open a Trading + Demat accounts is online to the maximum possible extent. POA (Power of attorney) will be sent by email after your account has been approved successfully. However, you need to download then print, sign & courier the Power of Attorney (POA) couriered to the following address:
Fyers Securities Private Limited.
No. 77, Nandidurga Cross Road (Anjenaya Temple Cross)
Jayamahal, Bangalore – 560046.
Along with that, you can submit nomination form If you want to nominate someone to your demat & trading account.
Now you are done with the FYERS account opening process. Your account will get opened within 24-48 working hours.