✅ Step-by-Step Guide to Open a FYERS Demat Account.

Founded in 2015 by the Khoday brothers, FYERS is a relatively new player in the discount broking industry, offering innovative solutions for traders and investors.

Step:1 Start the Signup Process

Visit the FYERS account opening page and begin the account opening process. Once on the page, click the SIGNUP button to get started..

 

Step 2: Provide your email address and mobile number to sign up. After entering the details, click on Send OTP.

You will receive an OTP on your registered mobile number via SMS or WhatsApp for verification.

 

Step 3: Enter the OTP in the provided field. You will receive a confirmation notification via SMS or WhatsApp saying, “THANK YOU FOR REGISTERING YOUR DETAILS WITH FYERS”, along with a link to an instructional video for the account opening process.

Step 4: Provide your identity details and upload a clear image of your PAN card for verification.

 

 

Step 5: Scroll down and enter the following details:

  • Father’s/Spouse’s name

  • Mother’s name

  • Date of birth

  • Marital status

  • Gender

 

 

Step 6: Provide your address proof by attaching one of the following documents:

  • Aadhar Card

  • Voter ID

  • Driving License

  • Passport

  • Ration Card

  • Registered Lease or Sale Agreement of Residence

  • Latest Phone Bill

  • Gas or Electricity Bill

 

 

Step 7: Provide the bank account details you wish to link with your Demat account. The required information includes:

  • IFSC Code

  • Bank Account Number

  • Bank Name

  • Bank Address

  • MICR Code

  • Account Type

 

 

Step 8: After entering your bank details, provide your primary bank proof by selecting one of the following options from the dropdown:

  • Bank Passbook

  • Canceled Cheque

  • Latest Six Months Bank Statement

If you wish to activate derivatives, you’ll need to submit additional financial documents (such as a bank statement or other supporting documents). If these aren’t provided, only the Equity (EQ) segment will be activated.

 

 

Step 9: Scroll down and select the trading segments you wish to activate, such as:

  • Commodity Derivatives

  • Currency Derivatives

  • Equity

  • Equity Derivatives

  • Mutual Funds

Then, submit your financial proof by choosing one of the following options from the drop-down:

  • Latest six months bank statement

  • Latest holdings statement

  • Latest ITR (Income Tax Return) copy

 

 

Step 10: Provide additional details such as your occupation, annual income, and other relevant information. Also, select your commodity category (if applicable) and proceed to the next step.

 

 

Step 11: After filling in all the details, acknowledge that you have read and understood the content of both annexures—Equity and Commodity. If you wish to provide additional information, you can upload any supporting documents. Otherwise, simply click on the Continue button to proceed.


 

Step 12: You can either add nominee details or choose to opt out of the nomination process. Once done, proceed to the next step.

 

Step 13: For In-Person Verification, upload a live video, a picture of yourself, and an image of your signature. These can be taken as live pictures or uploaded directly from your device.

 

 

Step 14: Review the details provided by you in the previous steps then click on “Proceed to e-sign” button.

You will be taken to enter your Aadhar card details and then you will receive OTP on the registered mobile number.Enter this OTP to complete the e-signing process.

This finishes the online account opening process. You will be redirected to a “Thank you” page and an email confirmation will be sent to you as well.

 

— Open Fyers Demat Account and get Free training on Stock market worth of Rs.85000.00—

Trading, Simplified