Introducing FYERS Demat Accounts

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  • Avatar Kaushik says:

    Fyers has stopped offering Zero AMC demat account wef 1st April 2020. But you will not find one single information about this on their social media platforms and blog. I was thinking to open an account since February 2020 and I was planning to do it after ending of the FY 2019-20. But fyers stopped offering Zero AMC demat silently, without giving any information about this. Another thing is that, it happened during lockdown. The only reason why I am interested in fyers is that, their stable web platform. Otherwise I will consider any other broker. CDSL TPIN facility is mandatory for non POA clients as well since 1st June 2020 but this facility is not available yet. So kindly introduce TPIN facility as well. Thank You.

    • Tejas Khoday Tejas Khoday says:

      Hey Kaushik, We started levying a fee of ₹300 per year (Debited from your FYERS account quarterly). Please note that it is applicable only to those clients that open an account with us on or after 1st April 2020. All clients that already have accounts with us, we will not be charging them AMC. All early birds at FYERS got to open an account for free and without AMC. With regard to the silent implementation, I don’t see why we needed to tell existing clients as it didn’t affect them. Moreover, all the information is published on our website on pricing page, support articles, tariff sheet and account opening docs.

      Thanks for appreciating our platform, Take care!

  • Avatar Narayan says:

    Hi Tejas,
    Don’t you think it’s unfair on the part of those who wanted to get a Fyers Demat account by the end of March, and couldn’t do it because of the lockdown? Now they can’t get Free account!
    Also, too bad that you are constantly changing fees.. Earlier Thematic was free and now it costs way more than smallcase.. I wanted to completely move from Zerodha to Fyers, but thankfully didn’t do it owing to the bad communication from your team. Anyway, good luck!

    • Tejas Khoday Tejas Khoday says:

      Hey Narayan, If you have given a request to open an account before 31st March 2020, then Demat account opening & AMC is free. If your request is received post 1st April only then you will be charged. Please note that we charge very small fees, just enough to help us cater to the growing requirements of clients. Also, fees levied for thematic is negligible. At the end of the day, it’s important for us to earn revenues in some way. It’s a business, right?

      • Avatar Narayan says:

        Hi Tejas,

        I agree with you and understand that these services need to be charged for the business to be sustainable. But I was wondering about the possibility of a little relaxation on the deadline for free AMC accounts. Many businesses have done it for various services, as you know most of us were not being allowed to take our vehicles and move around in the last week of March. Since this involved signing and posting physical copies, a little consideration would have been nice. Just a thought.
        Of course it’s your decision 🙂

  • Avatar Venugopal J D says:

    Hi, Does Fyers also provide a 3-in-1 account or is it only trading and demat account.

    • Tejas Khoday Tejas Khoday says:

      Hey Venugopal, No we don’t offer 3 in 1 account as we haven’t tied up with any bank. Why do you want a 3-in-1 account when you can link your existing bank account? Just curious to understand.

  • Avatar M Venkatesh says:

    Recently opened a new demat and trading account at Fyers. Needed to share the Fyers Demat account’s Client Master Report (CMR) with my existing broker (Zerodha) so that I could transfer my securities to the new demat account. While Zerodha accept digital CMRs, the CMR issued by Fyers as part of the welcome email is not signed digitally. Hence, Zerodha insisted on a CMR with Seal and Sign. Fyers charges INR 400 + GST for a physical CMR. While the charges are on the higher side, it is understandable as they are a discount brokerage. However, I believe a digitally issued CMR should, at the minimum, be digitally signed. That will help alleviate the need for physical CMRs.

    • Tejas Khoday Tejas Khoday says:

      Hi Venkatesh, We have both option i.e digitally signed CMR as well as Physically signed CMR. The team will arrange it by Tomorrow.
      As of now Digitally signed CMRs are being provided only when we get a request from the respective client.

  • Avatar SRIKANTH says:


  • Avatar VRINDAVAB BADATYA says:

    My trading acount id is – FV0745. I appleid for Demat account and the form was recieved by Fyers on 16th December.But the Demat account is not yet opened and didnt got any information about the status of demat opening process.

    • Tejas Khoday Tejas Khoday says:

      Hi Vrindavab, Thanks for writing to me. Your courier was mistakenly sent to another office ours without any name written on it. We have traced and it has been forwarded for further process. This should get done soon. All the best!

  • Avatar Jaypal Reddy says:

    Sir, I have sent my demat application (already have trading account) on 15th October and received by your office on 18th October. Does Demat account really take this long? Fyers has ben a good platform and service provider, eager to start trading in equities.


  • Avatar Meenakshi says:

    I had linked the Demat account of another broker with the Fyers trading account by sending the CMR copy.
    Now I would like to open a Fyers Demat account and link it with my trading account.
    I want to know the procedure to de-link my previous Demat account from my Fyers trading account.

  • Avatar Seshu says:

    I want to transfer my holdings from other brokers to Fyers. What is the procedure, and how many days will it take to reflect on my Fyers Demat account?

  • Avatar Swaroop Singh says:

    No AMC, No account opening charges, Great platform for trading. what else a trader require? Congratulation!

  • Avatar suresh kumar says:

    Dear Texas
    Good news.
    Currently I have demat account with fyers through IL&FS. Do I need to transfer it through fyers.
    If yes , how do I initiate.

  • Avatar Shrivatsa K says:

    Finally Fyers come up with their own DP. Now Fyers is realy Free Investment Zone zero account opening charges, zero AMC, zero brokerage for delivery.

  • Avatar R sanjay says:

    I have a Demat account with IL&FS through Fyers, Now is it posible to transfer my demat account from IL&FS to Fyers or i have to close this demat account with IL&FS.

  • Avatar Ganesh says:

    “No Proprietary Trading”!!!
    How many brokers does that?? I’m 100% sure that our Funds will be safer with you and need not to worry about.

  • Avatar Aarushi Singh says:

    Congratulations to Fyers Team, coming out of IL&FS is the best decision by looking at current activities in IL&FS.

  • Avatar Ganesh says:

    What about pledging the shares? Does Fyers allow us to pledge the Equity shares?

  • Avatar Charan says:

    Hi sir,
    Can I link your Demat Account to any other Existing Trading Account? Will the shares get credited to my Fyers Demat if i buy from other Trading Account?

  • Avatar S Bhuvaneswari says:

    Thank you, Fyers. Without your own DP I am unable to trade, as I am doing equity segment. Now I am happy. I shall send the form within two days. Keep it up.

    • Tejas Khoday Tejas Khoday says:

      Hey, Thanks for your patience so far.

      • Avatar S Bhuvaneswari says:

        Sir, As per the same, I have sent my demat application FS0847 on 15th and received by your office on 17th October. Still there is no response. I have raised the issue by sending mails to support portal, talked with Support team today, but all in vain. I am surprised as till earlier the support was good. I dont know what happened to Fyers. I was so much eager to open demat account, Even after 5 days, there is no response. Hence I am reporting here, Sorry, I am having good gesture on Fyers.

      • Tejas Khoday Tejas Khoday says:

        Hi, this happened due to internal miscommunication between the sales personnel. You will receive a call today and your Demat account will be opened shortly.

  • Avatar Rahul Singh says:

    Thanks Tejas finally best trading platform got its own demat account. I have account with you but not able to do trades from last 2 months…Finally now fyers is on fire with own demat(fortunately Today only i got my CMR copy of my other broker account and came here for support but happy to know that you have your own demat..)

  • Avatar Rohan says:

    Excellent! I was waiting for Fyers Demat account only. Thanks for the post.

  • Avatar MAAYA VRITRA says:

    Congratulations!!! FYERS is indeed a real Free investment zone now…. zero AMC, zero a/c opening fee for both trading and demat a/c

  • Avatar Shashank says:

    Finally, the wait is over for clients and a big Kudos to Fyers…..

  • Avatar Vijay patil says:

    Congratulations to you and your team. Finaly wait is over. I can start investing with Fyers for free. I can contact to my sales executive to open demat account or I can do my self?

  • Avatar Bull375 says:

    Thank you Tejas! It is indeed great news. Been waiting for Fyers demat account for quite a long time. So happy to hear that Fyers broker have their own DP license now. It will be so easy to trade using Fyers demat account instead of linking third party demat account.

  • Avatar AMIT KUMAR PANDEY says:

    hey tejas;
    congrats .
    Please clarify that the AMC for demat account will be free for lifetime or it is temporary?
    AND one more request – please optimise fyers web ; charts loads slower than any other web based trading platform. i have compared it side by side with zerodha kite, upstox and tradingview also.( i know fyers provide much more data than data than any other broker but i am facing this and also found many trader complaining about it on various review sites.)
    And please launch a modern looking backoffice like Console of zerodha.

    • Tejas Khoday Tejas Khoday says:

      Hi Amit, We don’t intend to charge AMC in the future too. There is no agenda to charge for demat AMC in the future. However, having said that it depends on what we are charged by the depository which may vary.

  • Avatar Bikash says:

    If Oscars were given for a job well done, I’d nominate you.Congratulation on your big leap.

  • Avatar Soorya says:

    Congrats . Fyers stepping ahead in the industry by charging zero AMC, and zero account opening charges. Fyers team really built ” FREE INVESTMENT ZONE “

  • Avatar Ayushi Mishra says:

    So….. wait is over for Demat Account at FYERS. Looking forward to opening a Demat account with FYERS.

  • Avatar Harsha BB says:

    This is cool as there’s no AMC no account opening charges and other charges apart from the mandatory charges. Fyers is thinking out of the box and it feels great full to be associated with Fyers. Kudos Fyers for passing this mind-blowing ideas to customers as well.

  • Avatar Pankaj says:

    Kudos! After months & months of asking you. I have done the process. Will send courier tomorrow if anyone is working..

  • Avatar Kannan says:

    Free AMC? What’s the trick..

  • Avatar Ravish Kumar says:

    Wow it’s finally here! Kudos team Fyers. Is there any portal where we can register for demat account as I’m the existing client?

  • Avatar Raghu Stocks says:

    Tejas I am a follower of you on Quora for the last 3 years. Good going!! You are an inspiration to new entrepreneurs. I read your answer where you actually discouraged one guy from quitting his job to trade full-time. I am your fan sir! Keep rocking. Happy Dasara!

  • Avatar Kabir says:

    Transparency & complaince is something really Fyers is doing great in, no doubt. Nobody can be more clear than the one who suffered a lot ,going through the hurdle of having a DP and dealing with IL&FS. Refreshing news..

    • Avatar Rakesh says:

      I already have trading account (FR1909), And applied for demat account, application was received by fyers on 14th October and still it is not yet activated, when ever I contact support team they inform to wait.last week when contacted on 25th October informed to wait 2 more working days as notary for POA is pending but it is not yet activated. I would have not applied if informed it takes so many days to open demat account.

      • Tejas Khoday Tejas Khoday says:

        Totally understand. The issues causing the delays are being resolved on priority. Your account will be opened soon. We regret the inconvenience caused. Post account opening, your experience will be smooth.

  • Avatar Akhilesh says:

    Is it online or physical process?

    • Tejas Khoday Tejas Khoday says:

      When you open a Demat account, a POA is essential. The state governments do not allow the POA to be digitally signed. Hence, you will have to print, sign & send the forms. We have eliminated paperwork to the maximum possible extent. It’s way easier for new clients.

  • Avatar Shishir says:

    Congratulations! Now I have the confidence to open a trading and demat account with you

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