Fyers Demat Account Charges, Review, Opening

Fyers Demat Account Opening Charges

To open a new demat account with Fyers, the customer may have to pay demat account opening charges. The broker may also charge Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

Fyers Demat Charges

1. 1. How to open demat account in Fyers?

   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.

   • PAN Card
   • Address Proof: Passport / Voter ID / Ration Card / Driving License / Lease Agreement / Driving License
   • Cancelled bank cheque with your name.
   • Income Proof (for F&O trading only): Bank statement for the last 6 months

   Steps to open Fyers Demat Account

   • Visit the Fyers website
   • Click on 'Open An Account' tab
   • Enter phone no, email and name
   • Click on 'Generate OTP'
   • Verify OTP and follow the process

   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.

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2. 2. Can I open a trading account without a demat account with Fyers?

   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.

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3. 3. Can I link my existing demat account with Fyers trading account?

   Yes, you can link your existing demat account with the new trading account of Fyers.

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4. 4. Fyers CDSL or NSDL?

   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.

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