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Fyers offers a demat account through its depository participant (DP) membership with CDSL since 2019. Fyers demat account is part of its 2-in-1 account offering. The 2-in-1 account includes a trading and a demat account, linked together for seamless transactions between them.
Fyers demat account can be managed online through its online trading platform and back-office software.
Fyers CDSL DP ID: 89400
Incorporated in 2015, Bengaluru based Fyers Securities is an online brokerage company. The company is a member of NSE, SEBI, and MCX. It offers trading services across various asset classes including stocks, derivatives, and currencies. Fyers is popular among traders for its flat fee brokerage plan. It also offers a free trading account to its customers.
Fyers Trading Platform is its most popular offering of Fyers. It is built in-house by the team of Fyers engineers. It is one of the best trading platforms. It is offered free of cost to all the customers.
Fyers brokerage plan is simple and low-cost. It offers brokerage free equity delivery trading and charges maximum flat Rs 20 per trade brokerage irrespective of the size for intraday and F&O segments at BSE, NSE, and MCX.
To open a new Demat account with Fyers, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.
| Service | Charges |
|---|---|
| Demat Account Opening Fee | Rs 0 (Free) |
| Demat Account Annual Charges (AMC) | Rs 300 |
Fyers Demat Charges
| Demat Charges Head | Charges |
|---|---|
| Account Opening Charges | Rs 400 |
| Annual Maintenance Charges | Rs 300 |
| Credit Charges (Buy Receive) | Nil |
| Debit Charges (Sell) | Rs 10 + Rs 5.50 (CDSL Charges) |
| Pledge Request | Rs 50 + Rs 12 per scrip (CDSL Charges) |
| Unpledge Request | Rs 50 + Rs 12 per scrip (CDSL Charges) |
| Pledge Invocation | Rs 50 |
| Dematerialization Charges | Rs 100 per certificate |
| Rematerialization Charges | Rs 100 per certificate + CDSL Charges) |
| Conversion of MF Units / Destatementisation | Rs 100 per certificate |
| Reconversion of MF units in to SOA or Redemption/Restatmentisation Per SOA | Rs 100 per certificate + CDSL Charges) |
| Failed / Rejected Transactions | Nil |
| Periodic Statement | Nil charges by Email. Rs 50 + courier charges at actuals for physical statements |
| Adhoc / Non Periodic Statement Requests | Nil |
| Additional Delivery Instruction Book (5 leaves) | Rs 100 + courier charges at actuals |
| Modification in Client Master List (CML) | Rs 50 |
| Modification in KRA / Download | Rs 50 |
| Stamp Charges | Rs 50 |
This is a limited-time offer. Open FREE Fyers Account online and start trading today.
Fyers offers a paperless instant account opening if your Aadhar is linked to your current phone number for OTP verification. This online account opening allows you to open an account and start trading in just a day.
Note:
Keep scanned copies of the following documents before you start filling the account opening form.
Steps to open Fyers Demat Account
Once you submit the online application, it will take up to 24 hrs for the Fyers team to verify and open your account. You will receive a welcome email once the account is activated.
Yes, you can open only a trading account with Fyers. It is not necessary to open a demat account with Fyers while opening a trading account.
Yes, you can link your existing demat account with the new trading account of Fyers.
Fyers is a Depository Participant (DP) of CDSL with DP ID as 89400. Check Fyers Securities CDSL Membership detail.
CDSL (Central Depository Services Limited) and NSDL (National Depository Services Limited) are 2 central depositories in India to manage your demat account.
Stock Brokers like Fyers play the role of intermediary between the customers and the central depository.
Note: Before taking the membership of CDSL, Fyers had a partnership with IL&FS for demat account services. IL&FS has both CDSL and NSDL membership.
Information on this page was last updated on Tuesday, December 22, 2020
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