As per the exchange norms, if a person is trading futures and options in any segment then, he or she has to produce income details.
Futures and options are the leveraged derivative product and not an appropriate avenue for someone of limited resources/limited investment and low-risk tolerance hence; exchanges guide brokers to ensure that one has sufficient income or financial conditions, to be able to trade on high-risk products like F&O.
Following documents are accepted as income proof –
- Latest 6 months Bank Statement
- Latest ITR copy
- Latest 6 months salary slip
- DP holding statement as on date