OPEN TRADING ACCOUNT

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FAQs

Account Opening

What are the documents required to open trading account?

You would be required to provide Proof of Address (POA), Proof of Identity (POI), PAN card, Bank statement, canceled cheque, and photographs.

What are the documents that are acceptable as Proof of Address (POA)?

Passport, Voters ID, Ration Card, Driving License, Insurance Copy, Utility bills like telephone, electricity or gas (Not more than 3 months old), bank account statement, Passbook (not more than 3 months old), ID card with address issued by Govt Departments/Public Sector Undertakings/Scheduled Commercial Banks.

What are the documents that are acceptable as Proof of Identity (POI)?

Aadhaar Card, Passport, Voter ID, Driving License, PAN Card with the photograph, ID card, with photo, issued by Govt departments/Public Sector Undertakings/Scheduled Commercial Banks.

Can I link my already existing demat account with my Fyers trading account?

Yes. Contact our sales executive for further details.

What is In Person Verification (IPV)?

In Person Verification is a mandate issued by SEBI in the year 2008. It is to ensure that stock brokers can verify the true identity of the applicant along with verifying the authenticity of the documents submitted.

How do you conduct the verification?

Securities and Exchange Board of India (SEBI) allows the stock broker to conduct In Person Verification (IPV) either physically or through a web camera.

When is IPV conducting?

Either upon collecting the account opening forms directly from you or once the necessary documents have been received, our executive will conduct the IPV through the web camera.