How to open Demat & Trading 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 & known for its trading platform. They 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. Those who are into the stock market looking for the best trading platform can open their account with FYERS.

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.

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.

Please note that with effect from 1st April 2020, Fyers has introduced the following charges for account opening & AMC:

  1. Fyers Demat & Trading Account Charge: ₹400/-
  2. Demat Account Maintenance Charges: ₹300/-

If you are Existing clients that have opened accounts with Fyers on or before 31st March 2020 will not be affected and will continue with Zero AMC. AMC charges will be debited from your Trading Account Ledger on a quarterly basis. Each quarter, you will be charges amount of ₹75 + GST (₹88.5) from your FYERS account.

  • Product
  • Specification
Fyers is a discount brokerage firm driven by a group of young passionate entrepreneur know for its world-class charting solution & faster order ...
Brokarage Type

Equity Delivery Brokerage

Segment Supported

, , ,


, , ,

AMC Charge (Yearly)

₹ 400

DP Transaction Charge

20 ₹

Equity Future Brokerage

0.01% or ₹ 20/executed order (whichever is lower)

Offline Order Placing Charge

₹ 20

Tips & Research


Equity Intraday Brokerage

0.01% or ₹ 20/executed order (whichever is lower)

Equity Option Brokerage

₹ 20/ executed order

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 the procedure till last.

Fyers Online Account Opening Process

Estimated time for FYERS account opening is 15 minutes.

Just visit the FYERS website and follow the step by step process for online & offline account opening.

  1. FYERS Account Opening

    First, you need to visit the account opening page click here. 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.
    Fyers account opening landing page

  2. Enter PAN Card Details

    You have to enter your PAN Card No & Date of Birth. After filling the details click on SAVE AND CONTINUE. You don’t need need to click on VIEW KRA DATA.
    Need to Enter Pan Card details for Fyers account opening

  3. 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.
    Need to enter Parents Name

  4. 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.
    fill up your correspondence address for fyers

  5. 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.

    choose the trading segments in which you want to trade

  6. 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.
    provide demat account details

  7. 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.
    fill bank details which you want to link with fyers accounts

  8. Fill Personal Details

    On the next page from drop boxes, you have to choose your Occupation, Education & Income Details & trading experience in years.
    fill up person details for fyers accounts

  9. Upload Documents for account opening

    Now you will have to upload a scanned copy of the required documents in pdf/jpeg/png format.
    uploading all required documents for fyers account opening

  10. Brokerage Plan Details

    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.
    choosing rs 20 rupee flat brokerage in fyers

  11. Download Account Opening Form

    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.

    DOWNLOAD UNSIGNED PDF for offline account openng

  12. 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.

    aadhar Esign through Email for processinga

  13. 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.
    Fyers account E-sign OTP verification

  14. 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.

    signing Fyers account opening documents through aadhar e-sign

  15. 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.

You have completed FYERS Online account procedure. Just after Sign Up you will get a call from the sales executive. If you need any help in between just get back to this step by step process for FYERS opening.

Fyers 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. You have to follow above process till step 11 then you have 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.

Now you are done with the FYERS account opening process. Your Fyers account will get opened within 24-48 working hours after successful submission.

Spread the love
Compare items
  • Total (0)