Fyers is a registered member of BSE, NSE and MCX and offers online trading in equities, futures & options, commodities and currencies segments. The broker offers free opening of Fyers demat and trading account with no account opening fees. It offers a zero AMC trading account, and recently the demat AMC also free for new Fyers customers. One can open a Fyers account online through Fyers Web Trader or Fyers Mobile App and trading at a flat brokerage fee of Rs. 20 per order in all segments. Let us find out the complete details about Fyers account opening process, document checklist, Fyers demat account opening form, account closure and more.
Fyers online account opening process| Open Fyers account online
The broker offers a 100% digital, online and paperless account opening process via Fyers Web and Fyers App. You can open a Fyers account within 10 minutes of the online process.
Steps to open an account online with Fyers
- Click on the "Fyers Open an account" option.
- Enter your mobile number and email ID, enter the OTP and tap on "Save & Continue".
- Identity details: Enter PAN number and date of birth as per PAN card.
- Click on "View KRA Data" to automatically retrieve the KYC details or fill the form manually.
- Add personal data and relevant details.
- Select the trading segments of equities, equity derivatives, currency derivatives, commodity derivatives and mutual funds.
- Finally, provide bank details, i.e. account number, IFSC code, MICR code, bank name and branch details.
- Sign the account opening form digitally using Aadhar OTP process.
- Upload the required documents like PAN card, address proof, bank proof etc. in digital form.
- Once all the details are verified, you will receive the login details via email to your registered email address.
Fyers offline account opening process| Open Fyers account offline
If your mobile number is not linked to your Aadhar card or you are not familiar with the online process, it is advisable to open a Fyersdemat and trading account offline. Here is the process to open Fyers account offline:
- Visit the Fyers website.
- Download and print the Fyers account opening form.
- FFill out the form, sign it and attach copies of the required documents.
- Send the duly filled form by courier to Fyers office in Bangalore.
Fyers Securities Private Limited,
No. 225, 1st block, 14th cross,
RT Nagar, Bangalore – 560032.
Fyers Account Opening Charges
Fyers Demat Account Opening and AMC Charges
| Transaction | Charges |
|---|---|
| Trading Account Opening Charges | Free |
| Trading AMC | Free |
| Demat Account Opening Charges | Free |
| Demat AMC | Free |
Fyers account opening documents
Following are the documents required for Fyers Account Opening process:
- PAN Card
- Aadhar card
- 6 months last bank statement
- A canceled cheque leaf.
- 2 passport size photos.
- The signature photo must match the signature on the PAN card.
Fyers account closure process
You cannot close Fyers Demat account online as the broker only allows offline account closures.
Steps to close Fyers Demat account
- Go to the Fyers Securities website.
- Download the Fyers Demat and Trading Account Closure Form.
- Fill in the details like ID, the reason for closure and sign it.
- Send the form by courier to Fyers head office in Bangalore.
Fyers Account Closure Form
You can find the Fyers Account Closure Form in the Downloads section under the Support tab in the main menu.
