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Fyers Account Opening Process. Know How To Open Account In Fyers?

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Fyers Account Opening. Know How To Open Account In Fyers

Fyers Account Opening Process: In this post we will discuss how to open account in Fyers? Along with this, we will also discuss about the benefits of Fyers account and the features you get in it. Apart from this we will also discuss the documents required, account opening charges (fees), online and offline process of account opening in Fyers.

After reading this information, you can easily open Fyers account, even on the mobile phone.

Table of Contents

About Fyers

Fyers is a reputed discount stock broker based in Bangalore. It is a member of NSE, BSE, and MCX and is regulated by SEBI. Also, it is counted among the top 10 best discount brokers in India with around 2,15,000 active clients.

Fyers provides trading and investment services in Equity, F&O, Currency, and Commodities. They also offer a unique service of thematic investment. In which you can invest in a portfolio of stocks designed keeping in mind the underlying ideas or logic of the investment.

Why You Should Choose Fyers For Demat Account Opening?

There are many reasons to open demat account in Fyers.

Some of them are as follows.

  • Free Account Opening – Fyers account opening is completely free.
  • Lifetime Free AMC – Annual maintenance charges for demat in Fyers are free for lifetime.
  • No proprietary trading – Opening an account with a stock broker doing proprietary trading can be very risky. Because they often trade with customer money. And the same thing is extremely risky from a consumer perspective.
    In Fyers, there are no proprietary trades. This keeps the customer’s money safe.
  • 100% Transparency – Fyers securities is 100% transparent stock broker and does not charge any hidden fees. Customers can check brokerage fees, government taxes, and other charges on Fyers website before opening an account.
  • Free investments – Fyers does not charge brokerage fees for equity delivery and thematic investments.
  • Lowest brokerage charges – Fyers offers discount brokerage and is known for its lowest brokerage plans. By opening an account in Fyers, customers can save up to 90% on brokerage compared to full-service brokers.
  • Low latency & fastest trade execution – Trade execution must be fast when trading in the stock market. The trading platform developed by Fyers in-house team is one of India’s best and fastest trading platforms.

Which Documents Are Required To Open An Account In Fyers?

To open an account with a stock broker, you need to submit some mandatory documents.

Fyers account opening documents.

  1. Pan Card – A photocopy of your PAN card will have to be submitted while opening the account.
  2. Proof Of Address – You can submit any one of the documents like Aadhaar Card, Passport, Driving License, Telephone Bill, Electricity Bill, Bank Statement as proof of address.
  3. Proof Of Income – Proof of income is required to trade in derivatives segments (F&O, Currency, Commodities).
  4. Photographs – You need to provide a passport size photograph during account opening.
  5. Cancelled Cheque Leaf – The cancelled cheque leaf is an important document containing the account holder’s name, bank account number, IFSC code

Above documents are required to open Fyers demat account.

What Are Fyers Account Opening Charges?

As mentioned above, Fyers account opening charges are free for trading and demat account. Also, the annual maintenance charges (AMC) on the demat account is free for lifetime. Click on the “Open An Account” button below to open Fyers demat account immediately.

Fyers Account Opening Charges

Fyers Account 

Charges

Fyers Trading Account Charges

Rs 0 (Free)

Trading Account AMC Charges

Rs 0 (Free)

Fyers Demat Account Charges

Rs 0 (Free)

Demat Account AMC Charges

Rs 0 (Free)

Important Note: Fyers Lifetime AMC Free Offer is for a limited period of time. To avail this offer, sign up quickly.

Fyers Account Opening Offers

If you open Fyers account now then you will get below offers. (Limited Period Offer)

  • Free Demat and Trading account. (Equity, F&O, Currency & Commodity)
  • No brokerage charges on Equity delivery for liftime.
  • Liftime free AMC on demat account. 
  • Brokerage charges of Rs 20/order across all the segments, including Equity, F&O, Commodity, and Currency
  • Brokerage free investment in Thematic investments.

How to Open Account In Fyers? – A Step By Step Guide

There are two ways to open trading and demat account in Fyers. Online and Offline.

In the online method, your Aadhar card should be linked to an active mobile number. So that you can receive OTP for E-sign verification.

If the mobile number is not linked to the Aadhar card, you can follow the offline account opening process.

Fyers Online Account Opening Process

Opening an account with the online process in Fyers is very easy and time-saving.

 In this process, you have to visit the website of Fyers and follow the instructions given below. By doing this, you can complete the Fyers online account opening process in just 15 to 20 minutes.

So let’s start the Fyers account opening online process.

First of all, click on the button given below. By clicking on this button, you will redirected to Fyers account opening page in a new tab.

Fyers Online Account Opening Process

Step 1 – Enter your name, email id, and mobile number here and click on the Proceed button.

Fyers Account Opening Step 1

Step 2 – Again enter your email id and mobile number. Click on the Sign up. Now you will receive 6 digit OTP on your mobile number and email id.

How to open account in fyers ? Step 2

Step 3 – Enter the 6 digit OTP you received. Click on the checkbox that shows “I accept the terms & conditions” and click on the “Verify Now” button.

Fyers Account Opening 1st OTP Verification

Step 4 – After verification, now you will be asked to keep the above mentioned documents ready, such as PAN card, Aadhar card, bank proof, address proof etc. After preparing all the documents given in the screen, click on proceed now.

Required Documents For Fyers Account

Step 5 – Now you have to upload your PAN card. You can upload a Pan card copy directly from your device or fetch it from Digilocker. After uploading the PAN card copy, click on continue.

Fyers Account Opening Identity Page

Step 6 – Now your PAN card has to be verified. You can fetch it from the central KRA or manually verify it. For this, you will be asked your personal information such as mother’s name, father’s name, your marital status and gender.
Click on continue to verify.

Fyers Online Account Opening Step 6

Step 7 – Verify PAN with your suitable option.

Fyers Online Account Opening Step 7

Step 8 – After uploading the PAN card, you have to upload the address proof copy. You can give any one document out of Aadhar Card, Voting ID, Passport for address proof. Upload front and back copies of the Aadhar card for ease. After uploading the address proof click on continue.

Fyers Online Account Opening Step 8

Step 9 – Now you have to fill the bank details. Here you have to fill IFSC code of your bank, bank account number, bank name, branch, bank address, and MICR code. After that select bank type. 

Now the bank proof has to be uploaded. You can upload the canceled check leaf. Instead of canceled cheque, you can upload a first page of passbook with 1 month statement. (For trading in F&O, add 6 months statement)

Open Fyers Account Step 9

Step 10 – Select the segment in which you want to trade. By opening an account in Fyers, you can trade in Equity, F&O, Currency, and Commodity. You can also invest in Mutual Funds. After selecting the segment, click on Continue.

Open Fyers Account Step 10

Step 11 – After selecting the segment, you will be asked some additional information, such as your occupation and annual income. After giving this information, the next step is in-person verification.

Open Fyers Account Step 11

Step 12 – For in-person verification, you will be shown a 6 digit code on the screen. Write this code on white paper and take your selfie with it and upload it. You can either take a live selfie.

After that upload your passport size photograph and specimen signature.

Click on Continue.

Fyers Account Opening Step 12

Step 13 – After uploading the documents, you will be asked to review your details. After reviewing the details, click on Proceed to E-Sign.

Fyers Online Account Opening Step 14

Step 14 – A popup window for the terms and conditions of Fyers will open. Click on the check box stating “I confirm” and “I agree”. Then click on “Proceed to eSign”. It will redirect you to the NSDL page.

Step 15 – After reaching the page of the NSDL, click on the checkbox that shows “I hereby” and then enter your aadhaar number and click on send OTP.

Step 16 – Now complete your Fyers account opening process by entering the OTP.

open account fyers step 16

Step 17 – After completing all the above processes, you will see the “Thank You For Choosing Fyers!” on your screen.

Fyers Online Account Opening Final Step

Upon completion of the above process, your form along with your documents will be received by the Fyers KYC team. Your documents will be verified by the KYC team and your trading and demat account will be opened in Fyers. Account opening information and login credentials will be sent to you by email. This process takes approximately 24 working hours.

Fyers Offline Account Opening Process

If the active mobile number is not linked to your Aadhar card. In that case, you can follow the Fyers offline account opening process.

To open an offline account, you need to register your basic details here. After registration, you can send the account opening form directly to the Fyers registered office.

Fyers Offline Account Opening Process

Step 1 – Download the Fyers account opening form here.

Step 2 – Fill the form properly and completely.

Step 3 – Sign the form where necessary.

Step 4 – Attach the required self-tested documents along with the form.

Step 5 – Send the duly signed account opening form along with mandatory documents to Fyers registered office by Indian Post or courier.

Fyers office address:

No. 77, Nandidurga Cross Road (Anjenaya Temple Cross), Jayamahal, Bangalore – 560046.

The offline process of account opening is simple but time consuming and expensive. Therefore, online process should be preferred while opening an account.

How To Check Fyers Account Opening Status?

Your Fyers account is usually opened within 24 hours of completing the account opening process. After opening the account, the complete information is sent to you by e-mail.

However, if you have not received the e-mail within 24 hours, you can check your account opening status by calling 080-66251111 or 080-46251111.

What Is Next After Open Your Account In Fyers?

Once your account has been successfully opened, you can start trading by installing the Fyers trading platform. For that, you can download the Fyers App or Fyers One. Additionally, you have the option of Fyers Web.

Below are links to Fyers trading platforms.

These platforms are available for free to Fyers customers.

Final Thoughts

Fyers is one of the best discount brokers in India and charges very low brokerage.

However, being new to the industry, it has some drawbacks. Still, they are increasing their ability to serve you better. And the service they offer you is very satisfying compared to their pricing.

Well, this is the end of Fyers account opening process. However, if you are still confused about how to open account in Fyers? Please comment below.

Frequently Asked Questions

Q1. Is account opening free in Fyers?

Yes. Account opening in Fyers is absolutely free. Fyers does not charge any fees for account opening.

Q2. How long does Fyers take to open account?

If your form is filled out properly and all the documents are correctly submitted. In that case, your Fyers account will be opened within 24 hours. After that, the Fyers account opening team will assign you a Unique Client Code (UCC). If there are any discrepancies, Fyers sales team will contact you to help.

Q3. What are the documents required for Fyers account opening?

Further documents are required to open your account in Fyers. Keep it handy to avoid delays in the account opening process.

  • Pan Card – A photocopy of your PAN card will have to be submitted while opening the account.
  • Proof Of Address – You can submit any one of the documents like Aadhaar Card, Passport, Driving License, Telephone bills, Electricity bills, Bank Statement as proof of address.
  • Proof Of Income – Proof of income is required to trade in derivatives segments (F&o, Currency, Commodities).
  • Photographs – You need to provide a passport size photograph during account opening.
  • Canceled Cheque Leaf – The canceled check leaf is an important document containing the account holder’s name, bank account number, IFSC code.

Q4. How do I check my account opening status in Fyers?

Your Fyers account is typically opened within 24 hours of completing the account opening process. After opening the account, the Fyers KYC team e-mails you the details of your account. 

However, if you do not receive the e-mail within 24 hours, you can check your account opening status by calling 080-66251111 or 080-46251111.

Q5. How to open account in Fyers instantly?

Follow the steps given below to open an account in Fyers.

  • Visit Fyers website here
  • Fill your contact details, i.e., your Name, Email id, and Mobile Number
  • Verify Your contact details with OTP
  • Fill your Pan number and Date of Birth
  • Verify your information through Central KYC Portal
  • Fill your personal details
  • Fill your address details
  • Select Segments, i.e., Cash, Derivatives, Currency, and Commodities
  • Fill bank account details
  • Fill your occupation / professional details
  • Upload required documents
  • Confirm above filled details
  • Check email for E-Sign link
  • Proceed with E-Sign (Aadhaar OTP) to complete your account opening application

After completing all the above steps, your Fyers account will be opened within 24 hours.

Read the complete Fyers Securities Review.

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